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Bankruptcy cannot save cryptocurrency fraudster as CFTC presses ahead with legal action

“Patrick McDonnell, the person behind fraudulent cryptocurrency scheme CabbageTech, Corp. aka Coin Drop Markets (CDM), has tried to stay a legal action against him by filing for bankruptcy protection” reports financefeeds.com. Last week, the alleged Bitcoin fraudster filed his response to the CFTC complaint.The Court said that in the face of the filing for bankruptcy by the defendant, the proceedings continue.One of the ideas behind such a move is to have legal actions against the bankrupt entity stayed.
 
Source: financefeeds.com



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