According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement lawsuit against Wolf Capital Crypto Trading LLC and its founder Travis Ford, accusing them of operating a fraudulent investment scheme that raised more than $10 million from retail investors.
The lawsuit, filed in the U.S. District Court for the Northern District of Oklahoma, alleges that the company employed a Ponzi scheme structure, promising daily returns without any actual trading activity. According to the filings, Wolf Capital attracted over 3,000 investors between October 2022 and December 2024 by advertising stable daily returns of up to 3.5%. The U.S. Commodity Futures Trading Commission (CFTC) argues that these claims are mathematically untenable and lack any verifiable commodity-related cryptocurrency trading strategy. The regulator alleges that funds from new investors were used to pay returns to early participants, a typical Ponzi scheme tactic.
