ExchangeDEX+

Buy Crypto Markets Spot FuturesBTC Earn Event Center

Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.

Wolf Capital co-founder Travis Ford jailed 5 years over $9.4m Ponzi scheme

Author: Crypto.news

Source: Crypto.news

2025/11/15 02:30

WOLF$0.0000005368-3.83%

4$0.02539+9.01%

Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.

Summary

Travis Ford has been handed a 60-month prison sentence over a $9.4 million Ponzi scheme.
Ford has to pay $1 million in forfeiture and $170,000 in restitution.
The Wolf Capital Crypto Trading co-founder pleaded guilty to a wire fraud charge in January 2025.

The U.S. Department of Justice said in a press release that 36-year-old Ford has been handed a 60 months jail sentence and will also pay over $1 million in forfeiture and over $170,000 in restitution. Ford played a key role in a crypto investment scheme that saw 2,800 investors defrauded of millions of dollars between January and August 2023.

On November 14, the DoJ announced that the former Wolf Capital chief executive officer’s sentencing followed his January guilty plea to conspiracy to commit wire fraud.

Travis Ford lured victims with fake promises

Wolf Capital raised money from unsuspecting investors after Ford and co-conspirators solicited investments via the company’s website and through other social media promotions. The convicted crypto investment firm executive presented himself “as a sophisticated trader, able to deliver high returns.”

But instead of the 1–2% daily or roughly 547% per year return, investors were left high and dry, with Ford said to have misappropriated and diverted these funds to his selfish gain.

Earlier this week, a Chinese woman accused of defrauding over 128,000 people and from whom the UK seized over $6 billion in Bitcoin (BTC) after her arrest, was sentenced to 11 years in prison.

Zhimin Qian, dubbed “cryptoqueen”, held 61,000 BTC taken from Chinese victims in a Ponzi scheme and was arrested in April 2024.

Qian and Ford are among the latest cases of individuals jailed for crypto Ponzi schemes worldwide.

Market Opportunity

Landwolf Price(WOLF)

$0.0000005368

$0.0000005368$0.0000005368

-0.57%

USD

Landwolf (WOLF) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.