The operator of New York-based company CabaggeTech has been accused of defrauding investors out of more than $200,000 in cash and cryptocurrency, according to a nine-count indictment unsealed in federal court in New York, on Tuesday. Patrick McDonnell, also known as Jason Flack, is thought to have defrauded at least 10 victims of approximately $194,000, 4.41 Bitcoin ($17,706.11), 206 Litecoin ($12,520), 620 Ethereum Classic ($2,976), and 1,342,634 Verge ($10.079). McDonnell asked for investments on social media platforms such as Facebook and Twitter but allegedly stole the funds for personal use. “As alleged, the defendant defrauded investors by making false promises and sending them fraudulent…

This story continues at The Next Web