Cryptocurrency Investment Firm CEO Pleads Guilty in $9.4 Million Fraud Scheme

Travis Ford, 35, of Glenpool, Oklahoma, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC (Wolf Capital), a purported cryptocurrency investment firm, has pleaded guilty to his role in a cryptocurrency investment fraud conspiracy.

According to court documents, from January 2023 through August 2023, Ford solicited investments through Wolf Capital’s website and other social media and internet-based promotional activities. He presented himself as a sophisticated trader capable of delivering high returns of 1-2% per day (approximately 547% per year). Ford admitted that he did not believe those promised investment returns were achievable on a consistent basis. He made these false promises to entice members of the public to invest money in the company. Ford misappropriated and diverted investor funds for personal benefit and to enrich his co-conspirators, causing financial harm to investors. In total, Wolf Capital fraudulently raised $9.4 million from approximately 2,800 investors.

Travis Ford has pleaded guilty to one count of conspiracy to commit wire fraud, which carries a maximum penalty of five years in prison.