US Man Behind $9.4 Million Crypto Scam Learns His Fate in Court
The post US Man Behind $9.4 Million Crypto Scam Learns His Fate in Court appeared on BitcoinEthereumNews.com.
A US court sentenced a man to five years in prison for his leading role in a $9.4 million cryptocurrency Ponzi scheme. He was also ordered to pay over $1 million in forfeiture and over $170,000 in restitution. Wolf Capital CEO Found Guilty Travis Ford, a 36-year-old resident of Glenpool, Oklahoma, was the CEO of Wolf Capital Trading LLC, a cryptocurrency investment firm that raised nearly $10 million from around 2,8000 investors. Sponsored Sponsored According to the US Department of Justice, Ford spent 2023 soliciting investments through his website and various online promotions. He portrayed himself as an experienced trader capable of generating daily returns ranging from 1% to 2% for investors. The U.S. Department of Justice has sentenced Wolf Capital Crypto Trading CEO Travis Ford to five years in prison for a $9.4 million crypto Ponzi scheme, ordering over $1 million in forfeiture and $170,000 in restitution after he admitted to defrauding about 2,800 investors.… — Wu Blockchain (@WuBlockchain) November 14, 2025 During Ford’s court process, prosecutors argued that he ultimately diverted and misappropriated those funds for personal use and to support his co-conspirators. In January, Ford admitted guilt to a single charge of conspiracy to commit wire fraud. As part of his plea, he acknowledged knowing that the investment returns he advertised could not be consistently delivered. This case marks yet another crypto-related Ponzi scheme to surface in the headlines in recent months. Crypto Fraud Surges Worldwide In recent months, several major crypto Ponzi schemes have reappeared in headlines worldwide. A similar case came last month, when Thai authorities arrested Chinese national Liang Ai-Bing in Bangkok. He is accused of helping run the FINTOCH scheme, which allegedly stole more than $31 million from nearly 100 investors across Asia. Officials say the operation spanned multiple countries and relied on…
Filed under: News - @ November 14, 2025 8:28 pm