Bitcoin Forum

Judge says “no” to Patrick McDonnell’s request to subpoena the personal cryptocurrency trading accounts/records of a number of CFTC and CME attorneys and investigators.


 In the face of the leniency that the Court has shown towards Patrick McDonnell, a defendant in a virtual currency fraud case, the number of his requests continues to grow. McDonnell and his company CabbageTech, doing business as Coin Drop Markets (CDM), is charged with fraud and misappropriation in connection with purchases and trading of Bitcoin and Litecoin.

 Since the start of the week, he has sent at least seven emails to the New York Eastern District Court, with the nature of the emails ranging from “I give up” to various requests.

 In his latest set of emails, filed with the Court on April 18, 2018, McDonnell moved the Court to subpoena “the personal cryptocurrency trading accounts/records of all CFTC/CME attorney’s/investigator’s involved in the above referenced matter beginning from but not limited to trade information dated January 18, 2018 to April 17, 2018”. In particular, the defendant is seeking such information about Gates S. Hurand, David W. Oakland, Alejandra de Urioste, K. Brent Tomer, Manal M. Sultan, Christopher Giglio (investigator), all employed by the Commodity Futures Trading Commission, and Jonathan L. Marcus attorney for the Chicago Mercantile Exchange.

 On top of that McDonnell asks the Court’s permission to subpoena “known cryptocurrency trading exchanges believed to have been used or are currently being used by individuals named in the above defendant subpoena permission request for time period listed”.

The Magistrate Judge assigned to the case, however, on Wednesday denied the request, stating that “those individuals are not parties to this action, and the information sought has no apparent relevance to the claims in this case”.

Let’s recall that the case against McDonnell has resulted in a landmark judgement about the status of virtual currencies as commodities, thus acknowledging the right of the Commodity Futures Trading Commission (CFTC) to oversee this market segment and to take enforcement action against cryptocurrency fraud.

CME has supported such a judgement by sending a Letter as Amicus Curiae. In the Letter, CME warned the Court of the grave consequences if Bitcoin and its likes do not have the status of commodities under the Commodity Exchange Act.

SOURCE: https://financefeeds.com/alleged-bitcoin-fraudster-demands-cryptocurrency-trading-info-cftc-cme/

Update: https://www.ccn.com/new-york-fraudster-faces-20-year-sentence-for-facebook-crypto-scam

One by one they are now being caught by the law. As always the scapegoat would be the company got hacked (what nonsense ). The funny thing is that he can't afford an attorney (arent attorneys are given for free if you can't afford one?).

This is outright stupidity. How cryptocurrencies get classified as commodities just because of a scam company run by this bullshit scammer is tough to understand. This guy and all his colleagues should be put away for a long period of time for obvious reasons.

How did people invest in a company named CabbageTech in the first place? Absolute stupidity.

There are dozens of people like this dude, promoting fake businesses on their social media accounts and ask for money pretending they are professional traders and all kind of things. Finally someone actually got caught and locked up for what he did and I hope this will alert every other scammers existing out there to take it a little easier and think about what they are about to do.
It's funny how he actually said that he can't afford a lawyer  after stealing hundreds of thousands of dollars.