An Oklahoma man was sentenced yesterday to 60 months in prison and ordered to pay over $1 million in forfeiture and over $170,000 in restitution for his leading role in a cryptocurrency investment fraud conspiracy.
According to court documents and admissions, Travis Ford, 36, of Glenpool, Oklahoma, was the CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC.
This cryptocurrency investment firm raised $9.4 million from approximately 2,800 investors.
From at least January 2023 to at least August 2023, Ford solicited investments through its company website and other social media and internet-based promotional activities.
Ford presented himself as a sophisticated trader, capable of delivering high returns of one to two per cent per day (approximately 547% per year).
As part of his guilty plea, Ford admitted that he did not believe the promised investment returns were consistently achievable.
Instead, Ford and his co-conspirators allegedly made such false promises to induce members of the public to invest money in the company.
Ford then misappropriated and diverted investor funds to benefit himself and his co-conspirators, thereby incurring financial detriment to investors.
In January 2025, Ford pleaded guilty to one count of conspiracy to commit wire fraud.
