PANews reported on November 14 that, according to the U.S. Department of Justice, Travis Ford, an Oklahoma man, was sentenced to five years in prison for orchestrating a $9.4 million Ponzi scheme involving the cryptocurrency investment platform Wolf Capital Crypto Trading. He was also ordered to forfeit over $1 million and pay over $170,000 in restitution. Court documents show that Ford attracted approximately 2,800 investors from early 2023 to August with promises of "daily returns of 1-2%", but he admitted that these returns were unsustainable and that the funds were actually diverted for personal and accomplice profits, ultimately causing losses to investors. He pleaded guilty in January 2025.PANews reported on November 14 that, according to the U.S. Department of Justice, Travis Ford, an Oklahoma man, was sentenced to five years in prison for orchestrating a $9.4 million Ponzi scheme involving the cryptocurrency investment platform Wolf Capital Crypto Trading. He was also ordered to forfeit over $1 million and pay over $170,000 in restitution. Court documents show that Ford attracted approximately 2,800 investors from early 2023 to August with promises of "daily returns of 1-2%", but he admitted that these returns were unsustainable and that the funds were actually diverted for personal and accomplice profits, ultimately causing losses to investors. He pleaded guilty in January 2025.