Christopher Delgado & Matt Burks: Goliath Ventures, BlackBlock, and the Compliance Illusion

This investigation pulls back the curtain on Christopher Delgado’s Goliath Ventures and the so-called “independent auditors” at BlackBlock led by Matt Burks. What looks like polished professionalism quickly unravels into compliance theatre, insurance smoke screens, and coaching on how to avoid regulators while recruiting new money.

In this third installment of the Goliath Ventures exposé, we dive deep into a leaked February 2025 training session hosted by Delgado and his partners. This video was never meant for public eyes, but it reveals exactly how this machine works.

*WHAT’S EXPOSED IN THIS VIDEO*:

– How BlackBlock sells itself as an “independent auditor” while its CEO Matt Burks also runs WealthMD, a firm actively selling Goliath contracts.
– Why the phrase “joint venture private fund” is being drilled into promoters’ heads — and why avoiding the word “investment” doesn’t make it legal.
– The use of “insured and bonded” slides as the deal closer even though market losses are not covered and disclosures are deliberately vague.
– How Goliath is changing the rules on investors: raising the minimum to $100,000 and requiring accreditation within 90 days.
– Evidence of an MLM-style structure disguised behind LLC paperwork and “director” titles.
– Discussions about senior investor seminars and “elder abuse laws” — chilling proof of who this scheme is targeting.
– The lengths they go to control language: disclaimers, compliance coaching, and warnings that even one misstep could “sink the entire ship.”

*WHY THIS MATTERS*:

This isn’t just a story about one company. It’s a live case study in how Ponzi schemes evolve — mixing crypto jargon, compliance jargon, and lifestyle branding into something that looks legitimate but has no evidence of real investments.

Investors are shown glossy pitch decks, promises of 3–4% monthly returns, and “insurance” that sounds impressive but offers no real protection. Meanwhile, the people promoting this are being paid like unlicensed brokers, all while being coached to avoid words that would trigger regulators.

*KEY RED FLAGS COVERED*:

– SEC violations: unregistered securities, unlicensed brokers, misleading insurance claims.
– DeFi/FinCEN issues: unlicensed money transmission, pooled liquidity promises.
– IRS/Accounting issues: improper 1099 handling, disguised commissions, misleading dividend language.
– ERISA violations: retirement funds being mishandled through self-directed IRA structures.
– Cross-border risks: onboarding Canadians despite admitting their JV isn’t even recognized under Canadian law.

The leaked training makes one thing clear: this is not about investments. It’s about selling legitimacy without substance.

*WHY MATT BURKS MATTERS*:

Burks isn’t just a background figure. He positions himself as an auditor, a compliance leader, and even a church pastor — while his companies are actively promoting Delgado’s scheme. When auditors become promoters, independence vanishes.

READ THE FULL BLOG:

For detailed analysis, transcripts, and breakdowns of the February training video, read the full blog here:
https://www.dehek.com/general/ponzi-scheme-scamalerts/goliath-ventures-exposed-part-3-christopher-delgado-matt-burks-blackblock-and-the-compliance-illusion/

*SPONSOR A REVIEW*

- 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/
- Track where your crypto really went: https://docs.google.com/forms/d/1_eMtZBEgkhyq376U3CwAoetWuXQ13dka3pj2qh_ZGjs

*SUPPORT MY WORK:*

- Support The Crypto Ponzi Scheme Avenger: https://ko-fi.com/dehek
- Donate in USDT (BNB Smart Chain): 0x41874280aa32a2eebf29f497afba9c46b4b27650

*TAGS:*

#GoliathVentures #MattBurks #ChristopherDelgado #BlackBlock #WealthMD #PonziScheme #CryptoScam #MLMFraud #PonziExposure #ComplianceTheatre