The CFTC filed a civil enforcement action against Wolf Capital Crypto Trading LLC and founder Travis Ford in the Northern District of Oklahoma, alleging a fraudulent investment scheme linked to crypto trading. The agency frames the case as a serious market integrity matter affecting retail investors.

According to the complaint, the operation raised more than $10 million from retail investors, promising daily returns up to 3.5%. The CFTC characterizes this as a Ponzi-style structure funded by new contributions.

The filing covers activity from October 2022 through December 2024, noting more than 3,000 investors were drawn in by marketing that touted a stable daily yield.

New funds were reportedly used to pay earlier participants, with no verifiable commodity-related crypto trading strategy to sustain the promised returns.