ORLANDO, Fla. – The Central Florida man accused of operating a “Ponzi Scheme” is now facing a class-action lawsuit.
Christopher Alexander Delgado, 34, of Apopka, was arrested last month and charged by federal prosecutors with wire fraud and money laundering, accused of running a $328 million Ponzi scheme.
A Ponzi scheme consists of using investment funds, from new investors, to serve as purported returns paid to existing investors.
T & C Investing Corp, based out of New York, filed the class action lawsuit in the U.S. Southern District of Florida Wednesday, accusing Delgado and his now-defunct business, Goliath Ventures, of fraud.
“This is a fraud,” said Scott Silver, an attorney who is representing T & C. “Early indications is that there were thousands of investors in this program.”
Silver told News 6 Thursday that his client was initially drawn to Delgado’s promise of returns from…
Review your monthly bank statements and credit card bills line-by-line to spot small “tester” transactions of R5 or R10, which fraudsters use to verify if a stolen card is still active.