An Oklahoma resident landed 5 years behind bars for enjoying a number one position in a $9.4 million crypto funding scheme, the U.S. Division of Justice (DOJ) introduced on November 14.
Oklahoma Man Will get Jail Time for Crypto Scheme
Travis Ford, the co-founder and CEO of Wolf Capital Crypto Buying and selling LLC, was sentenced to 60 months in jail on Friday for the funding fraud conspiracy.
Cryptocurrency Funding Agency Founder Sentenced to 5 Years in Jail for Defrauding Traders in $9.4M Ponzi Scheme
: https://t.co/StDokYuI86 pic.twitter.com/fG8BpD0OfF
— Legal Division (@DOJCrimDiv) November 14, 2025
In response to the Justice Division, Ford raised $9.4 million from 2,800 traders via “fraudulent conduct.”
As well as, Ford has been ordered to pay $1 million in forfeiture and $170,000 in restitution.
Travis Ford Faces the Music for Crypto Fraud
The Wolf Capital CEO initially pleaded responsible to 1 depend of conspiracy to commit wire fraud again in January of this 12 months.
From January 2023 via August 2023, Ford “solicited investments” for the crypto scheme through his firm’s web site and different “social media and internet-based promotion actions.”
Ford fraudulently promised traders he might ship returns of 1-2% per day, equal to 547% per 12 months.
In response to courtroom paperwork, Ford made himself out to be a “subtle dealer” as he “publicly stood behind Wolf Capital.”
In actuality, courtroom data point out that Wolf Capital was not “acquiring such returns” however was really “shedding investor cash,” regardless of the crypto firm’s claims.
“Ford and his co-conspirators allegedly made such false guarantees to induce members of the general public to take a position cash within the firm,” the press launch states.
“Ford then misappropriated and diverted investor funds to profit himself and his co-conspirators, to the monetary detriment of traders,” the doc continues.
As a part of his responsible plea, Ford finally admitted that he didn’t consider it was potential to realize the quantity of returns he purported.
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