The US Department of Justice (DOJ) has brought to light a new digital asset fraud scheme, culminating in the sentencing of a crypto CEO to almost five years in prison.

Travis Ford, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading, was found guilty of orchestrating a crypto investment fraud conspiracy. Ford, hailing from Glenpool, Oklahoma, is said to have played a crucial role in raising $9.4 million from around 2,800 investors through false promises of high returns.

Promising Unrealistic Returns

According to the Department of Justice, Ford’s fraudulent activities spanned from January 2023 to August 2023, during which he misrepresented himself as a skilled trader capable of delivering exceptional daily returns ranging from 1% to 2% (equating to approximately 547%

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