Wolf Capital Founder Pleads Guilty to $9M Fraud, Faces 5 Years in Prison
Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has pleaded guilty to defrauding thousands of investors to the tune of $9 million by luring them with unrealistic gains. Ford is facing a maximum sentencing of five years in prison for wire fraud and the sentencing will be carried out by a district federal judge in Oklahoma.
According to a statement issued by the U.S. Department of Justice (DoJ) , 35-year-old Ford has been accused of soliciting investments from January to September 2023, from a total of 2800 investors in U.S. and worldwide. The investigation was carried out by US Postal Inspection Service (USPIS) Criminal Investigation Group.
According to DoJ prosecutors, Ford has pleaded guilty to one count of wire fraud, the punishment of which is maximum five years jail term.
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