{"id":451,"date":"2026-05-12T22:06:50","date_gmt":"2026-05-12T22:06:50","guid":{"rendered":"https:\/\/orlandorelocationreport.com\/?p=451"},"modified":"2026-05-12T22:06:50","modified_gmt":"2026-05-12T22:06:50","slug":"apopka-mayors-records-sought-in-ponzi-scheme-bankruptcy-case","status":"publish","type":"post","link":"https:\/\/orlandorelocationreport.com\/?p=451","title":{"rendered":"Apopka mayor\u2019s records sought in Ponzi scheme bankruptcy case"},"content":{"rendered":"
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A bankruptcy attorney trying to sort out the finances of an Orlando businessman accused of running a $328 million Ponzi scheme has subpoenaed financial records from newly elected Apopka Mayor Nick Nesta, court records show.<\/p>\n

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Nesta, a real estate agent elected last month to the city\u2019s top post, previously represented Christopher Delgado, the accused fraudster, in some real estate deals\u00a0and received campaign donations from him and his cryptocurrency firm, Goliath Ventures.<\/p>\n

Goliath declared bankruptcy in March, not long after Delgado, its CEO and founder, was arrested on federal charges of wire fraud and money laundering. Prosecutors say Delgado defrauded Goliath\u2019s investors of millions of dollars and used their money\u00a0to buy luxury cars, watches and several high-end homes \u2014 including one in Winter Park in which Nesta\u2019s firm said it made the sale.<\/p>\n

Records relating to those transactions and donations were subpoenaed last week by Goliath\u2019s new leaders who are trying to recover money the company spent under Delgado in order to pay back investors. Bankruptcy filings show there could be up to 1,500 victims owed up to $500 million.<\/p>\n

A spokesperson for Nesta said Tuesday that the mayor would be unable to respond to questions about the subpoena, including specifics about the real estate deals, because he had not yet been served.<\/p>\n

The subpoena for Nesta\u2019s records, filed in court May 6, asks for records relating to compensation he received from real estate deals with Delgado. The subpoena does not mention if Nesta will be asked to return any funds he received.<\/p>\n

But Goliath in recent weeks has issued subpoenas to a large number of charitable and community organizations asking for records relating to money received from the company or Delgado. The attorney seeking the information has said that if donations were made with investors\u2019 money that Goliath fraudulently spent, \u201cthe law provides for their return for the benefit of all victims.\u201d<\/p>\n

So far, one group that was subpoenaed, the Orlando Economic Partnership, has agreed to give $190,000 back to Goliath, court records show.<\/p>\n

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Delgado was an Apopka resident at the time of his arrest,<\/strong> though as a condition of his bond he is now living in comfortable confinement at his $8.5 million, seven-bedroom, golf course mansion in tony Isleworth. That is one of the four homes prosecutors say he bought with other people\u2019s money.<\/p>\n

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Nesta, while running for mayor in March, said in a Facebook post that he had represented Delgado in some real estate deals. The post included few details about Delgado\u2019s purchases and did not mention the number of homes, their locations or their sales prices, and it did not disclose how much money Nesta made from the deals.<\/p>\n

\u201cAs part of my work in real estate, I represented Christopher Delgado to buy and sell homes through normal arms-length transactions,\u201d Nesta wrote on Facebook. \u201cLike any home purchase, those sales were completed through licensed lenders and required full lender approval of the home loans.\u201d<\/p>\n

In the post, Nesta said he wanted to address questions circulating about his relationship with Delgado and accused his political opponents of using the relationship against him in the mayor\u2019s race. One of his opponents, Christine Moore, later criticized him for working with Delgado, though it seemed to have little impact on the race, as Nesta beat Moore in a landslide.<\/p>\n

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An Aug. 1 Instagram post by Nesta\u2019s real estate business shows it was involved in the sale of one of the other homes prosecutors say Delgado wrongly bought with his investors\u2019 money: A $3.2 million, six-bedroom, six-bathroom home in Winter Park. Property records show Delgado bought the home one day before the post was made.<\/p>\n

\u201cSOLD \u2013 Congratulations to our buyers, official new owners of this stunning estate,\u201d the post read. The names of the buyers were not mentioned.<\/p>\n

Nesta also wrote on Facebook that Delgado had donated to one of his prior campaigns.<\/p>\n

Delgado, his wife Andie Delgado and Goliath Ventures each separately donated $1,000 to Nesta\u2019s city commission campaign in January 2024, according to campaign finance records.<\/p>\n

That year, Delgado posted on Facebook that he supported Nesta\u2019s campaign. Nesta was reelected to a seat on the commission that year and served until he became mayor.<\/p>\n

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A bankruptcy attorney trying to sort out the finances of an Orlando businessman accused of running a Ponzi scheme has subpoenaed financial records from Apopka Mayor Nick Nesta.<\/p>\n","protected":false},"author":1,"featured_media":450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[],"class_list":["post-451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime-and-public-safety","category-news"],"yoast_head":"\nApopka mayor\u2019s records sought in Ponzi scheme bankruptcy case - Orlando Relocation Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orlandorelocationreport.com\/?p=451\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apopka mayor\u2019s records sought in Ponzi scheme bankruptcy case - 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