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The founder of a crypto assets investment company was sentenced to 5 years in prison for a 9 billion Ponzi Scheme.

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[Founder of Crypto Assets Investment Company Sentenced to 5 Years in Prison for $9 Billion Ponzi Scheme] Oklahoma man Travis Ford was sentenced to 60 months in prison for operating a crypto assets investment fraud scheme and ordered to pay over $1 million in forfeiture and $170,000 in restitution. As the CEO and co-founder of Wolf Capital Crypto Trading LLC, Ford raised $9.4 million from approximately 2,800 investors through the company’s website and social media, falsely promising high returns of 1-2% daily (approximately 547% annualized). Ford has admitted that these return rates were unsustainable and acknowledged misappropriating investor funds for personal and accomplice benefits. The U.S. Postal Inspection Service was responsible for investigating the case, and the Department of Justice's Fraud Section prosecuted.

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