Close Menu
Cryprovideos
    What's Hot

    Ethereum Consolidates In opposition to BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Founder Pleads Responsible to $9,400,000 Ponzi Scheme That Defrauded 1000’s of Buyers – The Every day Hodl
    Crypto Founder Pleads Responsible to ,400,000 Ponzi Scheme That Defrauded 1000’s of Buyers – The Every day Hodl
    Crypto News

    Crypto Founder Pleads Responsible to $9,400,000 Ponzi Scheme That Defrauded 1000’s of Buyers – The Every day Hodl

    By Crypto EditorJanuary 12, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The CEO and co-founder of purported cryptocurrency funding agency Wolf Capital simply pleaded responsible to his function in a Ponzi scheme that looted tens of millions of {dollars} from traders.

    In response to the U.S. Division of Justice (DOJ), Travis Ford used Wolf Capital’s web site, social media and internet-based promotional actions to solicit investments between January 2023 and August 2023.

    Court docket paperwork present that the 35-year-old Oklahoma resident enticed traders by presenting himself as a classy dealer who can provide excessive returns of 1% to 2% per day, or roughly 547% in a single yr. 

    “Ford made such false guarantees to induce members of the general public to speculate cash within the firm.”

    The DOJ says Ford has now admitted that he didn’t imagine it’s doable to constantly ship the promised returns.

    Wolf Capital managed to boost $9.4 million from 2,800 traders, however Ford misappropriated and diverted the funds to profit himself and different conspirators, inflicting monetary harm to the traders.

    On Thursday, he pleaded responsible to 1 rely of conspiracy to commit wire fraud. 

    The crime is punishable by as much as 5 years of jail time, however a federal district courtroom choose will decide the suitable sentence after contemplating US sentencing tips and different statutory components.

    The courtroom has not but set the sentencing date. 

    Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

    Test Value Motion

    Observe us on X, Fb and Telegram

    Surf The Every day Hodl Combine

    &nbsp

    Crypto Founder Pleads Responsible to $9,400,000 Ponzi Scheme That Defrauded 1000’s of Buyers – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet affiliate marketing.

    Generated Picture: Midjourney





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025
    Latest Posts

    Ethereum Consolidates In opposition to BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ripple Chief Authorized Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Launch – The Every day Hodl

    November 26, 2024

    Bolivia Turns to Crypto to Handle Gasoline Disaster Amid Greenback Scarcity

    March 14, 2025

    5 Crypto Exchanges Face Shutdown in Thailand Over Regulatory Violations

    May 30, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.