BlockBeats News, December 23 – According to financefeeds, the U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement lawsuit 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, filed in the U.S. District Court for the Northern District of Oklahoma, alleges that the company employed a Ponzi scheme structure, with promised daily returns not backed by any actual trading activity.
According to the filed documents, Wolf Capital attracted over 3,000 investors between October 2022 and December 2024 by promoting stable daily returns as high as 3.5%. The CFTC contends that these claims are mathematically unsustainable and unsupported by any verifiable commodity-related cryptocurrency trading strategy. The regulator alleges that funds from new investors were used to pay returns to earlier participants, a hallmark pattern of a Ponzi scheme.
