U.S. Department of Justice: Wolf Capital Founder Sentenced to 5 Years in Prison and Ordered to Pay $1.17 Million for $9.4 Million Ponzi Scheme

Foresight News reports that the U.S. Department of Justice has issued an announcement stating that Travis Ford, founder of the crypto investment company Wolf Capital Crypto, has been sentenced to five years in prison for defrauding investors of $9.4 million in a Ponzi scheme. He has also been ordered to pay over $1 million in forfeiture and more than $170,000 in restitution. From January 2023 to August 2023, the company raised $9.4 million from approximately 2,800 investors. Ford and his accomplices allegedly made false promises to entice the public to invest in the company. Subsequently, Ford misappropriated and transferred investors' funds for personal gain, harming the interests of the investors. In January 2025, Ford pleaded guilty to one count of conspiracy to commit wire fraud.