A us court sentenced a man to five years in prison for his leading role in a $9.4 million cryptocurrency ponzi scheme

[tradelikepro]

A federal judge has sentenced Travis Ford, CEO of Wolf Capital Trading, to five years in prison for running a crypto Ponzi scheme that defrauded investors of $9.4 million. Ford must forfeit over $1 million and pay more than $170,000 in restitution. Prosecutors said Ford lured nearly 2,800 investors with fake promises of 1–2% daily returns, then misused the funds for personal spending.

[Rimon Khan]

Five years for a $9.4M Ponzi shows courts are treating crypto crimes seriously now.

[EmTeam]

More enforcement like this could help discourage future scammers.