Crypto Firm Co-Founder Pleads Guilty to $9M Wire Fraud Scheme

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Travis Ford, co-founder and head trader of Wolf Capital, has pleaded guilty to charges of wire fraud conspiracy after orchestrating a scheme that defrauded investors out of $9.4 million. The U.S. Department of Justice (DOJ) announced the plea on January 10 , highlighting Ford’s role in deceiving approximately 2,800 investors with promises of unrealistically high returns. Ford marketed himself as a “sophisticated investor” capable of delivering daily returns of 1-2%, amounting to an astonishing 5...