The U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement lawsuit against Wolf Capital Crypto Trading LLC and its founder, Travis Ford, alleging they operated a fraudulent investment scheme that raised more than $10 million from retail investors.
The lawsuit, which has been filed in the Federal District Court for the Northern District of Oklahoma, alleges that the company employs a Ponzi scheme-style structure and the promised daily earnings are not based on actual trading activity. According to the filing, Wolf Capital attracted more than 3,000 investors between October 2022 and December 2024 by advertising daily stable earnings of up to 3.5%. The U.S. Commodity Futures Trading Commission (CFTC) believes that these claims are mathematically untenable and not supported by any verifiable commodity-related cryptocurrency trading strategy. The regulator alleges that funds from new investors were used to pay returns from early participants, a typical pattern of Ponzi schemes.
CFTC: Wolf Capital Misled 3,000 Investors With 3.5% Daily Cryptocurrency Return
2025-12-22 17:36:48
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