According to CoinWorld, the Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Wolf Capital Crypto Trading LLC and its founder Travis Ford, accusing them of operating a fraudulent investment scheme that raised over $10 million from retail investors. The lawsuit has been submitted to the Northern District Federal Court of Oklahoma, stating that the company employed a Ponzi Scheme-like structure, with promised daily returns lacking any actual trading activity as a basis. CoinWorld reports that Wolf Capital attracted over 3,000 investors between October 2022 and December 2024 by promoting stable daily returns of up to 3.5%. The Commodity Futures Trading Commission (CFTC) believes that these claims are mathematically unsound and lack any verifiable commodity-related crypto assets trading strategies to support them. The regulators allege that funds from new investors were used to pay returns to early participants, which is a typical pattern of a Ponzi Scheme.
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The US CFTC has filed a lawsuit against Wolf Capital Crypto Trading, accusing it of operating a fraudulent investment scheme.
According to CoinWorld, the Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Wolf Capital Crypto Trading LLC and its founder Travis Ford, accusing them of operating a fraudulent investment scheme that raised over $10 million from retail investors. The lawsuit has been submitted to the Northern District Federal Court of Oklahoma, stating that the company employed a Ponzi Scheme-like structure, with promised daily returns lacking any actual trading activity as a basis. CoinWorld reports that Wolf Capital attracted over 3,000 investors between October 2022 and December 2024 by promoting stable daily returns of up to 3.5%. The Commodity Futures Trading Commission (CFTC) believes that these claims are mathematically unsound and lack any verifiable commodity-related crypto assets trading strategies to support them. The regulators allege that funds from new investors were used to pay returns to early participants, which is a typical pattern of a Ponzi Scheme.