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Cryptocurrency Investment Firm Founder Sentenced to Five Years in Prison for Defrauding Investors in $9.4M Ponzi Scheme
An Oklahoma man was sentenced yesterday to 60 months in prison and ordered to pay over $1 million in forfeiture and over $170,000 in restitution for his leading role in a cryptocurrency investment fraud conspiracy. According to court documents and admissions, Travis Ford, 36, of Glenpool, Oklahoma, was the CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC, a cryptocurrency investment firm that raised $9.4 million from approximately 2,800 investors. From at least January 2023 through at least August 2023, Ford solicited investments through the company website and other social media and internet-based ... (full story)
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