Co-founder of Wolf Capital, Travis Ford, confessed to a conspiracy to commit fraud by involving 2,800 investors in a financial pyramid scheme worth $9.4 million. He promised a return of 1-2 percent per day, which is equivalent to 547 percent annually, but instead, the funds were used for Ford and his associates' personal gain. As a result, hundreds of people were harmed. He now faces up to five years in prison. This case is part of the global fight against cryptocurrency fraud.
1/11/2025 11:04:24 AM (GMT+1)
Co-founder of Wolf Capital Travis Ford confessed to fraud, luring 2,800 investors into a financial pyramid worth $9.4 million with a promise of 547 percent annual returns 💰
20
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
