Patrick McDonnell (46), aka “Jason Flack,” has copped a plea of a single fraud charge in an ongoing case of cryptocurrency fraud. McDonnell was indicted last March. McDonnell operator of CabbageTech, a company that was doing business as Coin Drop Markets, faces up to 20… Read More
Patrick McDonnell, 46, also known as “Jason Flack,” has been charged with 9 counts of wire fraud in the State of New York. McDonnell operated CabbageTech Crop – a company that was doing business as Coin Drop Markets. A release from the US Attorney’s Office… Read More
The Commodity Futures Trading Commission (CFTC) has won a big victory in a trial against Patrick K. McDonnell and CabbageTech Crop – a company that was doing business as Coin Drop Markets. McDonnel, and his company, was assessed penalties and restitution of over $1.1 million as… Read More
CFTC States Until Congress Clarifies Crypto, the Commission will Consider it Not Legal Tender & Continue to Treat as a Commodity. The Commodity Futures Trading Commission (CFTC) has received a preliminary injunction order agains CabbageTech, DBA Coin Drop Markets, and Patrick McDonnell. The CFTC complaint… Read More
The CFTC Division of Enforcement Virtual Currency Task Force has been rather busy. Today, the Commodity Futures Trading Commission, has shared two enforcement actions filed against Bitcoin / Cryptocurrency related fraud cases. The first was against the Entrepreneurs Headquarters Limited, the second was filed against Defendants Patrick… Read More
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