Cryptocurrency investment firm founder sentenced to 5 years in prison for 9 billion Ponzi scheme
2025-11-14 14:47:15
Travis Ford, an Oklahoma man, has been sentenced to 60 months in prison for operating a cryptocurrency investment fraud scheme and ordered to pay more than $1 million in forfeiture and $170,000 in restitution. As CEO and co-founder of Wolf Capital Crypto Trading LLC, Ford raised $9.40 million from about 2,800 investors through the company's website and social media, falsely promising hefty daily returns of 1-2% (approximately 547% annualized). Ford has admitted that these returns could not be consistently realized and has admitted misappropriating investor funds for personal and co-conspiratorial gain. The U.S. Postal Inspection Service is investigating the case and the Justice Department's Fraud Division is prosecuting.
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