The CFTC filed a civil lawsuit in the U.S. District Court for the Northern District of Oklahoma against Wolf Capital Crypto Trading LLC and its founder, Travis Ford.
FX News Group
Regulators say the defendants ran a fraudulent investment scheme from October 2022 to December 2024 that solicited funds from investors to participate in a commodity pool under false pretenses.
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Wolf Capital allegedly promised investors unrealistic daily returns of up to 1–3.5%, claims the CFTC says were unsupported by real trading activity.
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💰 How the Scheme Operated
More than 3,000 investors collectively deposited over $10 million into Wolf Capital’s pool.
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The firm marketed smart contracts and claimed it was trading digital asset commodities (like Bitcoin and Ether) and related futures to generate returns.
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According to the complaint, new investor funds were reportedly used to pay earlier investors a hallmark of a Ponzi-like structure.
FinanceFeeds
📉 Misrepresentation & Losses
The CFTC alleges that Ford misrepresented his trading experience and performance, while the operation suffered significant trading losses.
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Eventually, the firm could not sustain promised payouts, and many investors have not recovered even their initial principal.
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Regulators also claim defendants encouraged investors to keep funds in the pool by promising they could still recoup losses through future trading.
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🧑⚖️ Legal & Regulatory Issues
The CFTC’s complaint argues that Wolf Capital operated as an unregistered commodity pool and that Ford acted as an unregistered commodity pool operator violations of U.S. commodity trading laws.
FinanceFeeds
The lawsuit seeks civil monetary penalties, restitution for harmed investors, disgorgement of ill-gotten gains, and permanent bans from commodity trading operations typical remedies in CFTC enforcement actions."
