Wolf Capital CEO Sentenced for $9.4 Million Ponzi Scheme

Travis Ford, the CEO of Wolf Capital Crypto Trading LLC, has been sentenced to five years in prison after admitting to running a $9.4 million Ponzi scheme. The scheme defrauded 2,800 investors through false promises of daily returns between 1-2% and involved private funding without connections to major cryptocurrencies. Ford pleaded guilty to conspiracy to commit wire fraud and was ordered to forfeit $1 million and pay $170,000 in restitution. This case highlights the ongoing challenges with fraudulent investments in the cryptocurrency market.