Crypto CEO Sentenced To 5 Years For $9M Ponzi Scheme, DOJ Confirms

The US Department of Justice (DOJ) has revealed a new digital asset fraud scheme, resulting in the sentencing of Travis Ford, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading, to nearly five years in prison. Ford was found guilty of orchestrating a Ponzi scheme that defrauded investors of approximately $9 million. This case highlights ongoing concerns regarding fraudulent activities in the cryptocurrency sector.