The CFTC filed a civil enforcement action against Wolf Capital Crypto Trading LLC and founder Travis Ford in the Northern District of Oklahoma, alleging a fraudulent investment scheme linked to crypto trading. The agency frames the case as a serious market integrity matter affecting retail investors.
According to the complaint, the operation raised more than $10 million from retail investors, promising daily returns up to 3.5%. The CFTC characterizes this as a Ponzi-style structure funded by new contributions.
The filing covers activity from October 2022 through December 2024, noting more than 3,000 investors were drawn in by marketing that touted a stable daily yield.
New funds were reportedly used to pay earlier participants, with no verifiable commodity-related crypto trading strategy to sustain the promised returns.
Source: https://en.coinotag.com/breakingnews/cftc-files-10-million-ponzi-suit-against-wolf-capital-crypto-trading-llc-over-fraudulent-cryptocurrency-returns-in-oklahoma
