Oklahoma Man Sentenced for $9.4 Million Cryptocurrency Fraud

Travis Ford, the CEO of Wolf Capital Crypto Trading LLC, has been sentenced to five years in prison for a $9.4 million cryptocurrency fraud scheme that targeted over 2,800 investors. The U.S. Postal Inspection Service led the investigation, while the Department of Justice’s fraud division prosecuted the case. Ford admitted to misappropriating funds, promising unrealistic daily returns of 1-2% which translated to an unsustainable annualized rate of about 547%. This conviction serves as a stark reminder that cryptocurrency fraud is not only impactful but also subject to legal prosecution and will be held accountable for its actions.