CFTC Files Lawsuit Against Wolf Capital for Alleged Fraud Scheme

According to BlockBeats, 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. The lawsuit, submitted to the federal district court in the Northern District of Oklahoma, accuses the company of operating a fraudulent investment scheme that raised over $10 million from retail investors. The complaint alleges that from October 2022 to December 2024, Wolf Capital attracted more than 3,000 investors by promoting daily returns of up to 3.5%. The CFTC claims these promises were mathematically unsustainable and lacked any verifiable commodity-related cryptocurrency trading strategy. The regulatory body further accuses the company of using funds from new investors to pay returns to earlier participants, a hallmark of a Ponzi scheme.