
hkfoo
@plo
2062 Following
624 Followers
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
1 recast
15 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction

@plo According to TheBlock, the US Department of Justice announced on Friday that Travis Ford, a 35 year old man from Oklahoma, has admitted to a charge of conspiracy to commit telecom fraud related to his role in running a "fraudulent" cryptocurrency investment company, as co-founder, CEO, and chief trader of WolfCapital CryptoTrading LLC (WolfCapital). The US Department of Justice stated that between January and August 2023, he attracted individuals to invest millions of dollars in the company through promotions, social media posts, and company websites. It is reported that Ford claimed a daily net return of approximately 1-2%, or 547% annually, and ultimately raised $9.4 million from around 2800 investors. The Department of Justice argues that Ford used false promises to induce individuals to invest in the company, and then used investors' funds to "benefit himself and his accomplices, harming the interests of investors". Due to this charge, he currently faces a maximum of five years in prison. @oft 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
2 replies
1 recast
5 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
19 replies
29 recasts
194 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
14 replies
25 recasts
97 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction