Friday, 17 January 2020
The operator of New-York based company CabbageTech has been sentenced to 33 months in federal prison after pleading guilty to defrauding cryptocurrency investors in June last year. Patrick McDonnel, also known as Jason Flack, was also ordered to pay $224,352 in restitution fees. “Mr. McDonnell used his knowledge of virtual currencies to scam investors. While he thought he could outsmart law enforcement, his arrest, and today’s sentence shows, no matter where you are, what’s done in the dark will be brought to the light,” stated USPIS Inspector-in-Charge Philip R Bartlett. [Read: CabbageTech owner charged with running $200K cryptocurrency and cash…
This story continues at The Next Web
