CFTC: Wolf Capital misled 3,000 investors with a 3.5% daily cryptocurrency return

The U.S. 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 U.S. District Court for the Northern District of Oklahoma, alleging that the company employed a Ponzi scheme structure, with promised daily returns lacking any actual trading activity to back them up. According to the filed documents, Wolf Capital attracted over 3,000 investors between October 2022 and December 2024 by promoting stable daily returns of up to 3.5%. The CFTC believes these claims are mathematically unsound and lack any verifiable commodity-related cryptocurrency trading strategies to support them. The regulator alleges that funds from new investors were used to pay returns to earlier participants, which is a typical pattern of a Ponzi scheme.