A US court has sentenced Travis Ford, 36, a resident of Glenpool, Oklahoma, to five years in prison for his leading role in a $9.4 million cryptocurrency Ponzi scheme.
The former CEO of Wolf Capital Trading LLC was also ordered to pay more than $1 million in forfeiture and more than $170,000 in restitution to the victims.
Ford, through his website and various online promotions, had solicited investments through 2023, raising nearly $10 million from some 2,8000 investors. He had presented himself as an experienced trader capable of guaranteeing daily returns of between 1% and 2%.
However, prosecutors proved that Ford had instead diverted and misappropriated the funds for personal use and to support his co-conspirators.
According to sources, the US Department of Justice sentenced Travis Ford, CEO of Wolf Capital Crypto Trading, to five years in prison for a $9.4 million cryptocurrency Ponzi scheme, ordering the payment of more than $1 million in forfeiture and $170,000 in restitution after he admitted swindling some 2,800 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
In January, Ford pleaded guilty to a single count of conspiracy to commit wire fraud, admitting it was aware that the advertised returns could not be consistently maintained.
Crypto Fraud Rising Globally
The Ford case is just the latest in a series of high-profile crypto scams that have emerged in the global media in recent months, highlighting a rising tide of fraud.
Just last month, Thai authorities arrested Liang Ai-Bing, a Chinese national accused of participating in the running of the FINTOCH scheme, which allegedly embezzled over $31 million from nearly 100 investors in Asia through aggressive online marketing campaigns in multiple countries.
In addition, in August, a New York court ordered EminiFX founder Eddy Alexandre to pay $228 million in restitution after his AI-themed platform was exposed as a large-scale fraud, specifically targeting immigrant communities in the US.
A few weeks earlier, in Detroit, city officials had sued Florida-based RealT for selling tokenized shares of homes it did not own, collecting some $2.72 million from investors.
Ford's conviction underscores a hard line from authorities, but the string of recent cases makes it clear that the spread of crypto fraud continues to outpace law enforcement's ability to curb it.
The company's claims to be a victim of crypto fraud are not only a result of the company's actions, but also a result of the company's actions.
