Federal Court in New York Enters Preliminary Injunction Order against Patrick K. McDonnell and His Company CabbageTech, Corp. d/b/a Coin Drop Markets in Connection with Fraudulent Virtual Currency Scheme Fraud

CFTC release 7702-18 · 2018-03-06 · view on cftc.gov ↗

Key facts

Release number: 7702-18
Release date: 2018-03-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7702-18

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.