Federal authorities have moved to seize five luxury homes and 11 cars linked to an alleged Ponzi scheme in Central Florida.
Christopher Delgado admitted to operating the alleged scheme, which defrauded investors of up to $500 million.
The alleged scheme was marketed as a cryptocurrency fund that promised monthly returns between 3 and 8%.
Investigators said they found that the money was never actually invested and instead financed Delgado’s lavish lifestyle.
Federal investigators had previously ordered Delgado to preserve his property and cars before filing the forfeiture notice.
Channel 9 anchor Daralene Jones interviewed Delgado last week inside his $8.5 million mansion located in Isleworth.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.