Overview
- Federal court ordered forfeiture of over $1 million and restitution exceeding $170,000, with three years of supervised release to follow.
- The scheme ran from January to August 2023, raising roughly $9.4 million from about 2,800 investors via a website and social media.
- Ford admitted in his January 2025 guilty plea to conspiracy to commit wire fraud that he did not believe the promised returns were attainable.
- Investigators found investor funds were misappropriated and diverted to benefit Ford and co-conspirators, according to DOJ filings.
- The case was investigated by the U.S. Postal Inspection Service and prosecuted by the Justice Department’s Fraud Section; a defense claim about an online figure known as “0x” is reported but not confirmed in official records.