CFTC Charges Patrick K. McDonnell and His Company CabbageTech, Corp. d/b/a Coin Drop Markets with Engaging in Fraudulent Virtual Currency Scheme Fraud

CFTC release 7675-18 · 2018-01-19 · view on cftc.gov ↗

Key facts

Release number
7675-18
Release date
2018-01-19
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7675-18

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.