According to Financefeeds, Foresight News reports that the U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement lawsuit against cryptocurrency investment firm Wolf Capital Crypto and its founder Travis Ford, accusing them of operating a fraudulent investment scheme that raised over $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 a previous report by Foresight News , the U.S. Department of Justice announced that Travis Ford, founder of Wolf Capital Crypto, was sentenced to five years in prison for defrauding investors through a Ponzi scheme and ordered to pay more than $1 million in forfeitures and more than $170,000 in restitution.
