Travis Ford thought he could get away with it. The 36-year-old from Oklahoma ran Wolf Capital Crypto Trading and convinced nearly 2,800 people to trust him with their money. He promised returns of 1-2% daily, which sounds incredible because it is. That would’ve been around 547% per year if it were real.
But it wasn’t real. Ford admitted in court that he never believed those returns were actually possible. He was just saying whatever it took to get people to invest. From January to August 2023, he collected $9.4 million through his company website and social media promotions.
Ford presented himself as some kind of crypto trading genius. Instead of investing the money like he promised, he spent it on himself and his partners. The investors got nothing but broken promises and empty wallets.
The scheme finally caught up with him. Yesterday, a judge sentenced Ford to five years in prison. He’ll also have to pay back over $1 million in forfeiture and more than $170,000 in restitution. He pleaded guilty to conspiracy to commit wire fraud back in January.
Conclusion
Travis Ford’s sentencing serves as a stark reminder that cryptocurrency fraud schemes eventually collapse, and perpetrators face serious legal consequences for exploiting investors’ trust with impossible promises.
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