On 18 November 2025, I watched Andrew Tate’s Hyperliquid balance collapse in real time. Months of reckless, high-leverage trading came to a brutal end as his account dropped to just $984. More than $727,000 of his own money and around $75,000 in referral bonuses had been wiped out with no withdrawals ever recorded.

Four days earlier, GOLIATH VENTURES INC — a “quant fund” promoted across the same influencer ecosystem — suddenly froze payouts and claimed a “forensic audit” had begun. Their 14 November distribution never arrived. No transparency, no timeline, just familiar excuses.

The timing alone doesn’t prove a direct connection. But when two collapses unfold within days of each other inside the same circle of influencers, people start asking questions.

THE ON-CHAIN COLLAPSE

Before that final liquidation, Tate had already racked up an astonishing list of losses: a $597,000 ETH long in June, a $67,500 WLFI wipeout in September, a $93,000 BTC liquidation shortly after, a $235,000 BTC loss on 14 November, and then the $112,000 final blow that drained his account entirely.

Across more than 80 trades, his win rate sat around 35%.
Behind the motivational speeches and alpha branding, the blockchain told a very different story.

THE GOLIATH FREEZE

While Tate’s losses were playing out on-chain, GOLIATH VENTURES INC was telling investors everything was “healthy” — even as they locked the doors.

Less than 1% of their claimed trading activity ever touched a blockchain.
Their audit firm remains unnamed.
Whistleblowers reported insiders withdrawing millions just before the freeze.

That behaviour does not belong to a legitimate trading operation. It matches the collapse pattern of every modern Ponzi I’ve investigated.

THE SHARED ECOSYSTEM

Goliath’s leadership has repeatedly appeared within Andrew Tate’s wider influencer network. They’ve praised him, networked with him, replicated his “brotherhood” aesthetic, and even surfaced in his promotional yacht videos — though their faces are blurred across their own website.

Tate’s “War Room” sells itself as a global network of elite men operating behind the scenes.
Goliath sells itself as a private, high-yield investment circle.
The language is similar.
The secrecy is similar.
The imagery is nearly identical.

None of this proves their money flowed together, but it proves they move through the same influencer machinery — and that matters.

WHAT WE CAN PROVE

Tate lost roughly $802,000 on Hyperliquid with no withdrawals.
GOLIATH VENTURES INC froze payouts and refuses to provide evidence of actual trading.
Less than 1% of their claimed activity appears on a blockchain.
Their leadership occupies the same social and promotional orbit as Tate’s network.

Those are facts.

WHAT REMAINS THEORY

There is no confirmed evidence that Goliath investor funds were placed into leveraged trades.
There is no proof that Tate’s liquidation directly triggered the freeze.
There is no documented formal partnership between the two operations.

But the behaviour, secrecy, timing, and shared ecosystem tell a story worth following.

When luxury yachts, blurred identities, whispered networks, and promises of effortless returns collide, the ending is rarely surprising.
I’ve watched this pattern unfold too many times to pretend otherwise.

READ THE FULL INVESTIGATION:

https://www.dehek.com/general/scam-fraud-investigations/andrew-tates-hyperliquid-wipeout-and-why-goliath-ventures-investors-should-pay-attent

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This is the story of what happened in the hours, days, and moments leading up to the collapse of one of the largest alleged Ponzi schemes in America.

THE FIRST SIGNS OF TROUBLE

The earliest warning came quietly. Investors expecting their November 14th payouts woke to an unexpected message from Goliath Ventures Inc. The company claimed that distributions were being delayed due to a “forensic audit,” a phrase familiar to anyone who has watched a Ponzi scheme run out of road.

At first glance, the announcement was dressed up as a professional update. But the tone was wrong. Too cheerful. Too rehearsed. Too polished for a situation where millions of dollars had suddenly stopped flowing.

It didn’t take long for people to realise this wasn’t just a delay. It was the beginning of the end.

THE INSIDERS GET THEIR MONEY OUT

As ordinary investors waited, confused and anxious, information began to surface that key insiders had been pulling out staggering amounts of money—tens of millions—just days earlier. Names like Nick Petrillo, Tomo Marjanovic, Punit Shah, and Jayson Newton continued popping up. Their romantic partners and family members reportedly cashed out while payouts to everyone else were frozen.

The most blatant example involved Stacie Shenkman, widely known to be close to insider Nick Petrillo. While investors begged for withdrawals, she and several others connected to Goliath’s leadership allegedly walked away with large sums.

This pattern is classic Ponzi behaviour: insiders escape with whatever remains while the average investor is told to “stay patient.”

THE AUDIT WITH NO NAME

Goliath Ventures told its investors that a “leading Forensic Certified Public Accountant firm” had been engaged. What they didn’t say was more revealing: no firm name, no license number, no engagement letter, no confirmation from the alleged auditor.

Real audits—especially during crisis—are always transparent.
Here, everything was concealed.

Even individuals with more than $10 million invested were denied basic information. And when the company invoked the name of Joel Glick from Berkowitz Pollack Brant Advisors + CPAs, they offered no proof that an engagement even existed.

An audit without a name is not an audit.
It’s a stall tactic.

THE AGENCIES NOW INVOLVED

Investors are now being urged to contact the FBI, Homeland Security Investigations, and the RCMP in Canada. The United States Secret Service has a dedicated contact point for crypto-related fraud:

cryptofraud@usss.dhs.gov

Victims are also encouraged to file formal complaints through the FBI’s Internet Crime Complaint Center at ic3.gov.

Time matters now. Assets dissipate quickly once insiders start scrambling.

THE FINAL CHAPTER BEGINS

Once the payouts stopped, the façade collapsed.
Goliath Ventures no longer looks like a company undergoing an audit.
It looks like a Ponzi scheme in freefall.

The tone of their communication has grown increasingly desperate. The promises are empty. The reassurances are hollow. And the insiders—those closest to Delgado—have already secured their exits.

For everyone else, the fight to recover funds begins now.

READ THE FULL INVESTIGATION:

https://www.dehek.com/general/scam-fraud-investigations/goliath-ventures-payouts-stop-insiders-pull-10s-of-millions-while-everyone-else-waits/

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TAGS:

#GoliathVentures, #PonziScheme, #InvestmentFr

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The first real sign of trouble came when investors began messaging me to say their payouts due on the 14th had not arrived. There were no advance warnings, no delays announced, and no meaningful explanations. Instead, a single excuse began to circulate among investors: the payouts were being blocked because of an “audit.”

That claim didn’t match how real audits work.
And that’s when the investigation began.

THE AUDIT EXCUSE

To understand why this raised red flags instantly, you have to know what a real audit actually does. Audits do not freeze bank accounts. Audits do not stop investor payouts. And auditors have no authority to block withdrawals.

When a company stops paying investors, it is not because of an audit.
It is because the money is no longer available.

Every hour that passed made this harder to deny.

THE ANONYMOUS AUDIT LETTER

Today, for the first time, I am releasing a document that arrived through my anonymous contact page on 12 September 2025. It claimed to be an “audit announcement,” but I could not verify who wrote it, where it came from, or whether it was genuine. That is exactly why I did not publish it at the time.

The formatting didn’t match any of Goliath’s previous newsletters—although even their official newsletters were often inconsistent. The tone felt unusual. Something about it wasn’t right.

But now that payouts have frozen, and investors are searching for answers, it feels important to show people the kinds of documents circulating in the background—whether they came from inside the organisation or were created by someone trying to imitate it.

The most striking part was the language.
It did not read like a standard audit notice. Instead of neutral financial terms, it referenced Ponzi scheme detection, fraudulent conveyance analysis, lost profit reviews, and economic damage assessments. These are terms rarely used outside forensic accounting or legal disputes.

Whether the letter was internal, leaked, or fabricated, it resembles the type of messaging that surfaces when a scheme begins to unravel.

THE CEO WHO VANISHED

While investors looked for clarity, new information began to surface. Multiple independent sources contacted me claiming that Goliath’s CEO, Christopher Delgado, had left the United States. Several said he was in Dubai. Some suggested he was not alone.

These details are still being verified.
But what is verifiable is the silence.

Chris has not addressed investors.
He has not provided documentation to support the audit excuse.
He has not produced any evidence of trading, blockchain activity, mining operations, surplus funds, or liquidity.
His absence is becoming its own statement.

*Messages continue to arrive from investors worldwide—people who invested savings, retirement funds, and family money. People who trusted colleagues, friends, and professionals who referred them into Goliath. People now terrified that they may never see their money again.

Some are angry.
Some are devastated.
All deserve the truth.

THE REALITY OF THE “AUDIT” CLAIM

By now, one fact is unavoidable:

Audits do not stop payouts.
Audits do not create silence.
Audits do not cause CEOs to disappear.

The “audit” narrative collapses under even basic scrutiny.

When payouts halt and leadership goes silent, the cause is not a review.
The cause is a lack of liquidity.

WHAT HAPPENS NEXT

This investigation is ongoing. More documents emerge daily. More internal conversations surface. More inco

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The press release paints Stephen Davis as a fallen fire chief who bravely left public service to start a parenting project and a publishing company. It reads like a feel-good comeback story. But buried behind this glossy narrative is the part he didn’t disclose: his role as Director of Administration for GOLIATH VENTURES INC, a company now at the centre of federal scrutiny.

While the article highlights his podcasts, memoirs, and charity work, it never once mentions that the company he helps run was formally dissolved in Florida yet continued to operate, raise funds, and pay out “returns” that investors are now struggling to withdraw. That omission is not an accident — it’s the entire point of the sponsored piece.

From Firefighter Chief to Entrepreneur: Stephen Davis Announces Growth of Raising Alphas and New Publishing House Choice Press: https://markets.businessinsider.com/news/stocks/from-firefighter-chief-to-entrepreneur-stephen-davis-announces-growth-of-raising-alphas-and-new-publishing-house-choice-press-1035560777

THE MISDIRECTION

The timing of the press release is no coincidence. Over the last few months, withdrawals from GOLIATH VENTURES have stalled. Investors have panicked. Executives have gone silent. And multiple government agencies have quietly begun pulling apart the company’s paperwork, payouts, and banking claims.

In the middle of this, Stephen Davis suddenly emerges with a polished article celebrating his leadership skills, his book launch, and his “mission to help families.” Not one line acknowledges the growing number of people who fear they may have lost their savings. Not one line mentions the investigations. Not one line mentions the red flags stacking up behind the scenes.

Instead, the article rewrites the narrative: Davis is not an executive in an investment scheme under pressure — he’s now a publisher, a mentor, a coach, a philanthropist. A classic attempt to build credibility while the ship is taking on water.

THE HIDDEN NETWORK

Behind the scenes, GOLIATH VENTURES INC has been operating in the shadows. After the Florida entity was dissolved, the team quietly continued accepting investor funds. No disclosure. No registration. No warning. Investors were told everything was fine, even as internal cracks widened.

During this period, Stephen Davis was not a distant advisor. He was part of the administrative core — involved in investor communications, email broadcasts, and internal coordination. Yet none of this appears in the press release. Instead, the story has been replaced with a heroic rebrand built to distract from the growing scrutiny around the company’s operations.

This is the same pattern used by dozens of collapsing MLM-style investment schemes: when the heat rises, rewrite the identity of the key players and drown the public in “positive” sponsored stories.

THE INVESTIGATIONS

Investors across the United States — particularly in Florida — have reported difficulties recovering their principal. Whistleblowers have come forward with documents showing inconsistencies in the company’s filings and claimed banking relationships. Agencies are now reviewing everything from withdrawals to recruitment patterns to offshore communications.

These are not minor questions. They are the same signs seen before every major crypto-style Ponzi collapse over the last five years.

Meanwhile, the public is being fed a story about a firefighter-turned-author. The contrast could not be sharper.

The press release is not journalism — it’s damage control.

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I’m DANNY DEHEK https://www.dehek.com, a New York Times–featured investigative journalist (print edition, by David Segal, featured in a Bloomberg documentary by Alice Kantor, and quoted by The Guardian Australia in coverage by Sarah Martin.

I use open-source intelligence (OSINT https://www.dehek.com/general/scam-fraud-investigations/what-is-osint-the-power-of-open-source-intelligence-in-scam-busting/) to expose scams, Ponzi schemes, and MLM frauds — naming and shaming the bad actors behind the lies.

This site is my home base, protected by PROJECT SHIELD https://projectshield.google/, Google’s defence system for journalists under digital attack. Scammers have taken down my social media, filed fake copyright strikes, and launched SMEAR CAMPAIGNS https://www.dehek.com/smear-campaigns/ to silence me — but I’m still here, because the truth doesn’t fold.

Most people know me from my YouTube channel, DANNY DE HEK INVESTIGATIONS https://www.youtube.com/@DEHEK, where I crash live scam meetings, confront fraudsters on camera, and expose deception in real time. My interviews aren’t rehearsed or polite — they happen in the moment, when scammers realise they’re being held accountable. My investigations have been featured by The New York Times, Bloomberg, The Guardian Australia, ABC News Australia, and others — because this work matters.

The BLOG https://www.dehek.com/blog/ is where everything connects — hundreds of detailed Scam & Fraud Investigations that don’t vanish when scammers report or censor my content elsewhere. Every post is backed by evidence — screenshots, transcripts, court documents, and blockchain data — creating a public record that can’t be erased. My PODCAST https://podcast.dehek.com is an extension of that work. It’s distributed across 18 major platforms — including Apple Podcasts, Spotify, Amazon Music, YouTube, and iHeartRadio — so when scammers try to hide, my content follows them everywhere.

I collaborate with whistleblowers, regulators, journalists, and private companies that need real intelligence — not PR spin. Everything published here is verifiable and legally sourced: corporate filings, domain data, blockchain records, and the digital footprints scammers can’t hide.

“I’ve taken it upon myself to fight back — exposing fraudsters, confronting scammers, and making sure their lies don’t go unchecked.”

Everything I do here is about turning exposure into prevention — helping victims, informing the public, and making it harder for bad actors to hide.

You can BOOK ME https://www.dehek.com/book-me/ for private consultations:

- EXPRESS CHAT https://ko-fi.com/s/750489e6fe
— quick private sessions for victims or anyone needing immediate guidance.
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— commission an in-depth public investigation or company review.
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— one-to-one calls for victims rebuilding after financial loss.

These sessions and donations keep the investigations running — funding research, legal work, and the tools needed to expose fraud at scale.

Show your backing with official NO SCAM gear from the MERCH store https://store.dehek.com.

I’m also available for SPEAKING ENGAGEMENTS https://www.dehek.com/speaking-engagements/, sharing what I’ve learned as a cult survivor, dyslexia advocate, and front-line investigator — raw, unscripted, and real.

If you’ve been scammed or have insider information, screenshots, or video evidence that could help uncover criminal activity, you can reach me through CONTACT https://www.dehek.com/contact. Anonymity is fine — every message is treated as confidential. Many of my best leads come from ordinary people who decid

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In this exposé, Danny de Hek aka The Crypto Ponzi Scheme Avenger breaks down Stephen McCullah’s latest GRAPE AMA and the private messages he sent after being publicly exposed. What unfolds is a classic scammer playbook — denial, manipulation, and even a failed attempt to bribe me with $5,000 to take down my videos.

McCullah, known for past disasters like Apollo (APL), GSX, and LunaOne, now claims that his new project, GRAPE (GRP/GGT), will “revolutionise Web3” with AI wallets, free-zone citizenship, and zero taxes. In reality, it’s just another rebrand of the same collapsed projects — full of recycled promises, no evidence, and vague timelines.

Watch as I reveal every contradiction, false statement, and psychological tactic McCullah used in his so-called AMA. From fake “AI integrations” and nonexistent partnerships to the fantasy “free zone” that supposedly offers citizenship with no taxes — the claims are beyond ridiculous.

In our private exchange, McCullah tried to rewrite history:

- Claimed he was “the opposite of a scammer”
- Blamed me for being “misinformed”
- Offered to donate $5,000 to my anti-scam cause if I removed my content
- Promised to get “fakejournalists.net” taken down if I cooperated
- Insisted “law enforcement was impressed with what we built” — without a shred of evidence

This is the same pattern we’ve seen across his past projects:

Apollo – marketed as a revolutionary cryptocurrency but plagued with false claims and broken promises.
GSX – the so-called “gold-backed stablecoin” that never had verifiable gold reserves.
LunaOne – pitched as a metaverse worth billions, yet disappeared without delivering a single working product.
And now, GRAPE, another fantasy ecosystem built on buzzwords like “AI,” “Web4,” and “citizenship zones.”

If you think this all sounds familiar, it’s because it is. The Ponzi model hasn’t changed — just the branding.

In this video, I feed all of McCullah’s statements, messages, and his AMA transcript into ChatGPT for a full analysis — breaking down his manipulative language, spotting inconsistencies, and exposing how he twists truth into fiction. You’ll see how ChatGPT identifies each red flag, point by point, and why this project is just another high-tech mirage designed to lure desperate investors.

We’ll also go through the Signal and iMessage screenshots, where McCullah’s tone shifts from defensive to desperate, and finally to dismissive when he realises his persuasion tactics won’t work. He even tries to sound calm and rational — the moment a scammer starts saying “I wish you the best,” you know they’ve lost control of the narrative.

Throughout this exposé, I’ll show you how to spot these manipulation techniques — so you’ll never fall for this kind of crypto theatre again.

*KEY TAKEAWAYS FROM THIS EPISODE:*

- GRAPE (GRP/GGT) is a continuation of McCullah’s previous Ponzi schemes under a new name.
- His AMA is packed with false claims, non-existent technology, and fake progress timelines.
- McCullah attempted to bribe me and offer “donations” in exchange for removing exposé content.
- There is no proof of any AI wallet, free zone, or gold-backed assets.
- His communication style follows the classic scammer cycle: denial → manipulation → control → retreat.

If you’re holding GRP, GGT, or any token connected to Stephen McCullah, now is the time to step back, demand verifiable proof, and protect your funds.

If you believe you’ve been scammed or want to share insider information about a suspicious company, visit dehek.com/contact — all tips are treated confidentially.

*READ THE FULL BLOG*

https://www.dehek.com/general/scam-fraud-investigations/stephen-mccullah-tried-to-bribe-me-5000-to-remove-my-expose-videos/

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New Zealand journalist Danny de Hek is being sued by Christopher Delgado’s GOLIATH VENTURES INC in a Florida courtroom.

This is Danny vs Goliath — a real-life David vs Goliath story where truth meets power.

On September 22, 2025, GOLIATH VENTURES INC filed a lawsuit against Danny — 7,000 miles away from his home in New Zealand — claiming he caused “millions of dollars in damages.” Their complaint accuses him of lying about their CEO, running a “smear campaign,” and publishing defamatory content.

Here’s what they didn’t mention: after months of investigating GOLIATH VENTURES INC, Danny uncovered what he believes is a large-scale Ponzi scheme breaking multiple U.S. laws and deceiving investors worldwide.

HIS REPORTING REVEALED:

- Impossible guaranteed returns (4–8% monthly)
- Unlicensed money transmission
- Unregistered securities sold to unaccredited investors
- Connections to convicted fraudsters like Verlin Sanciango (My Liquidity Partner)
- Deceptive claims of insurance and audits
- A pattern of withdrawal delays and shifting excuses
- Now, this lawsuit is being used to silence him.

In this exposé, Danny shows how Christopher Delgado and GOLIATH VENTURES INC have allegedly turned the courtroom into a publicity stunt — using the case to reassure panicked investors and attract new ones under the guise of legitimacy.

The lawsuit, filed by Oliver Birman of Perlman, Bajandas, Yevoli & Albright, reads more like an advertisement than a legal document. It describes GOLIATH as “operating at the leading edge of decentralized finance,” with “fidelity bond coverage” and “strategic Bitcoin initiatives” — phrasing that sounds suspiciously like investor bait.

Danny argues that this lawsuit is not about defamation — it’s about intimidation. It’s about silencing journalists who expose uncomfortable truths.

THIS VIDEO DIVES DEEP INTO:

- How GOLIATH VENTURES INC’s business model mirrors My Liquidity Partner, a previous Ponzi scheme.
- The background of its executives, including Nick Petrillo, who has previously appeared in DOJ indictments.
- How the lawsuit could backfire by exposing the company’s fraudulent operations to even greater public scrutiny.
- The Florida Supreme Court setting underscores a symbolic international clash — the American flag vs the New Zealand flag, justice vs corruption, truth vs manipulation.
- This is not just another scam story. It’s a test of how far financial fraudsters will go to protect their empire when exposed.

Full blog post with supporting documents, lawsuit excerpts, and analysis:
https://www.dehek.com/general/scam-fraud-investigations/danny-vs-goliath-new-zealand-journalist-sued-by-christopher-delgados-goliath-ventures-inc/

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- If you’re open to it, I’ve recently launched a sponsored review service that allows me to conduct deep-dive investigations into scams like this one. While completely optional, your support helps me dedicate more time to exposing these frauds and spreading awareness. If you’d like to sponsor a review, you can do so here: https://ko-fi.com/s/e450de6745

RESOURCES & SUPPORT:

- Global Reporting Guide – How to Report Cybercrime & Crypto Scams: https://www.dehek.com/general/ponzi-scheme-scamalerts/how-to-report-cybercrime-and-cryptocurrency-scams-a-global-guide/
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In this exclusive audio recording, Michelle Alistoun—cousin to exposed scammer Rory Conacher—breaks her silence following a landmark court ruling in Durban. On 4 August 2025, the High Court granted a provisional liquidation order against RJS Capital (Pty) Ltd after finding compelling evidence of insolvency and misconduct.

With no introduction, this episode features Michelle reading her personal statement in her own voice—raw, emotional, and unfiltered. She recounts how Rory manipulated her and others over three years with false promises, fake legal threats, and spiritual deflections while withholding hundreds of thousands of dollars, including her daughter’s university fund.

This is not just a victim’s story—it’s a call to action. Michelle funded the legal battle, formed a creditor group called The Vanguard, and now speaks out to ensure no one else falls for Rory’s deception. Her courage and clarity in the face of betrayal expose the psychology of financial abusers and the manipulative tactics they use—including DARVO, fear management, and gaslighting.

This podcast stands as a public record—because silence protects predators.

To hear her full story in writing or to follow further updates, visit: dehek.com/general/ponzi-scheme-scamalerts/the-fall-of-rory-conacher-liquidated-in-court-exposed-by-family-and-finally-held-accountable/

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