Overview
- A federal court ordered over $1 million in forfeiture and more than $170,000 in restitution, with Decrypt reporting an additional three years of supervised release.
- Prosecutors said Ford advertised 1–2% gains per day and later admitted those returns could not be achieved consistently.
- Between January and August 2023, Wolf Capital raised about $9.4 million through its website and social media outreach to thousands of investors.
- Court filings state Ford misappropriated investor funds for himself and co-conspirators, causing significant losses that restitution will not fully cover.
- The U.S. Postal Inspection Service investigated and the DOJ Fraud Section prosecuted the case, with officials publicly announcing the sentence; Ford’s side has also offered unverified claims about payouts and an online figure called “0x.”