Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech.
The owner of a firm called CabbageTech has been arrested and charged with duping investors out of over $200,000 in cryptocurrency and cash.
The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.
CabbageTech CEO Patrick McDonnell has ceased his fight with the CFTC, potentially affirming the regulator's power to oversee cryptos as commodities.