Masked Staten Island Man Accused Of Defrauding Investors Out Of Cash And Bitcoin, U.S. Attorney Says
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NEW YORK (CBSNewYork) – A Staten Island man accused of swindling thousands from investors is now facing wire fraud charges.
Prosecutors say Patrick McDonnell is the man behind the mask seen in a YouTube video promoting cryptocurrency.
The video, introduced as evidence by authorities, allegedly shows McDonnell - also known as "Jason Flack" - offering trading advice to investors.
The U.S. Attorney in Brooklyn alleges McDonnell ran a fraud scheme that cost 10 clients at least $194,000 in cash and tens of thousands more in virtual currency, like Bitcoin.
McDonnell owned "Cabbage Tech Corporation," a virtual currency trading business.
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