CEO of Wolf Capital admits guilt in $9.4 million cryptocurrency fraud scheme
Travis Ford, co-founder of Wolf Capital Crypto Trading LLC, pleaded guilty to operating a fraudulent cryptocurrency scheme in mid-2025. The 35-year-old Oklahoma resident raised $9.4 million through the scheme, which was run through the Wolf Capital website and various promotional activities on social media and the internet.
The details about the fraudulent scheme, such as the total loss amount and sentencing, were not disclosed in the available search results. However, the case was publicly reported around June 2025 on the U.S. Department of Justice website.
In a separate case, Alex Mashinsky, former CEO of Celsius, has pleaded guilty to two charges: commodities fraud and price manipulation of the CEL token. The timeline for the charges against Mashinsky is not specified, but the case is also reported on the U.S. Department of Justice website.
Travis Ford portrayed himself as an experienced trader capable of generating daily profits of 1-2%. He allegedly misused investor funds for personal gain and to enrich co-conspirators, victimizing approximately 2,800 investors. Ford could face up to five years in prison.
The charges against Mashinsky involve the manipulation of commodities markets and the price of the CEL token. The exact number of victims in this case has not been specified. Mashinsky faces up to 30 years in prison.
It is important to note that the charges against Travis Ford and Alex Mashinsky are separate incidents. The fraudulent activities of both individuals highlight the importance of due diligence and caution when investing in cryptocurrencies.
[1] U.S. Department of Justice website, June 2025. [Link to the source]
- The accusations against Travis Ford and Alex Mashinsky, both prominent figures in the finance sector, particularly in the realm of cryptocurrencies, have been reported on the U.S. Department of Justice website.
- While Travis Ford was charged with operating a fraudulent cryptocurrency scheme in technology-driven platforms such as the Wolf Capital website and social media, Alex Mashinsky stands accused of commodities fraud and price manipulation of the CEL token, with both cases falling under the purview of crime-and-justice.
