CEO of Wolf Capital Admits Guilt in $9.4 Million Cryptocurrency Fraud Scheme
In a recent development, Travis Ford, a 35-year-old Oklahoma resident, has pleaded guilty to operating a fraudulent scheme through his investment company, Wolf Capital. The scheme, which ran from January to August 2023, victimized approximately 2,800 investors and raised around $9.4 million.
The scheme was conducted through Wolf Capital's website and various promotional activities on social media and the internet. Ford portrayed himself as an experienced trader capable of generating daily profits of 1-2%. However, it was revealed that false promises about profits were made as part of the scheme.
Investor funds were misused by Ford for personal gain and to enrich co-conspirators. The details about Ford's sentencing are yet to be determined, as the current references do not provide specific sentencing information.
Meanwhile, in a separate case, former Celsius CEO Alex Mashinsky has pleaded guilty to two charges: commodities fraud and price manipulation of the CEL token. Mashinsky could face up to 30 years in prison. His sentencing is set for April 8, 2025.
The information about the Wolf Capital scheme is reported on the U.S. Department of Justice website. It's crucial for investors to be vigilant and cautious when investing in any scheme, ensuring they are making informed decisions based on accurate information.
- Despite the guilty plea of former Celsius CEO Alex Mashinsky in a financial fraud and price manipulation case, the sentencing for Travis Ford, the Oklahoma resident behind the Wolf Capital scheme, remains undetermined in the general-news category, as the current references do not provide specific sentencing information.
- The Wolf Capital scheme, a business-related crime-and-justice incident, deceitfully promised daily profits of 1-2% to its investors and raised around $9.4 million, raising concerns about the need for investors to be vigilant and focus on obtaining accurate financial information before making investment decisions.
