# 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

> CFTC release 7702-18 · 2018-03-06 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7702-18, "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", 2018-03-06. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/cftc-action/7702-18.

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