🏦⚖️ JPMorgan is being sued for allegedly helping a $328 million crypto Ponzi scheme go undetected for years.
A class action lawsuit filed on March 10, 2026 accuses the banking giant of ignoring glaring red flags while US$ 253 million flowed through a single JPMorgan account between January 2023 and June 2025 — with US$ 123 million of that going directly into Coinbase wallets. The scheme? Goliath Ventures, run by CEO Christopher Delgado, who was arrested on federal fraud charges on February 24, 2026.
😤 The accusation is damning: JPMorgan allegedly saw rapid high-volume cash flows, mixed investor funds, and zero legitimate business revenue — and did nothing. More than 2,000 investors were defrauded, with US$ 50 million paid out as fake returns funded by new deposits — a textbook Ponzi.
⚖️ The legal implications go far beyond JPMorgan. This case could set a landmark precedent forcing traditional banks to actively monitor accounts linked to crypto investment schemes — making them legally liable if they fail to flag suspicious activity.
The irony is hard to miss: while regulators chase crypto companies for compliance failures, one of the world's biggest banks may have been the Ponzi's best friend. 👀
#JPMorgan #CryptoFraud #Ponzi
