The U.S. Commodity Futures Trading Commission (CFTC) Taking Action Against Alleged Crypto Investment Schemes Entrepreneurs Headquarters Limited & CabbageTech

The U.S. Commodity Futures Trading Commission (CFTC) has recently filed two lawsuits against two allegedly fraudulent cryptocurrency investment schemes, Entrepreneurs Headquarters Limited and CabbageTech, according to Reports from U.S. Federal Court (New York Eastern District) currently under review by attorney Alan Rosca.

RoscaLaw attorney Alan Rosca is investigating Entrepreneurs Headquarters Limited and CabbageTech’s alleged fraudulent cryptocurrency investment schemes.

Investors who believe they may have lost money in activity related to Entrepreneurs Headquarters Limited and CabbageTech’s alleged fraudulent cryptocurrency investment schemes are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Dillon Michael Dean and Entrepreneurs Headquarters Limited Purportedly Collected over $1.1 Million in Bitcoin from over 600 People as Part of a Pooled Investment Vehicle; Patrick Kerry McDonnell and His CabbageTech Allegedly Absconded with Customers’ Digital Assets

The CFTC, which regulates cryptocurrencies as commodities, has been handling a flood of cryptocurrency cases lately as they grow in popularity.

For example, the CFTC alleges that Dillon Michael Dean, of Colorado, and his company, Entrepreneurs Headquarters Limited, purportedly collected over $1.1 million in bitcoin from over 600 people as part of a pooled investment vehicle for trading commodity interests, the CFTC Complaint reports.

Said pool was said to allegedly invest in binary options contracts, according to the aforementioned Complaint. The CFTC, however, alleges that the defendants purportedly misappropriated the funds, the Complaint notes.

Patrick Kerry McDonnell, of New York, and his company CabbageTech, are also being sued by the CFTC for allegedly absconding with customers’ digital assets, the Complaint reports.

McDonnell allegedly marketed himself as a cryptocurrency investment expert with a lot of trading advice that could result in highly attractive returns on investment, the Complaint states. McDonnell allegedly claimed a return of 300 percent with his trading tips in one case, the Complaint states.

Not long after customers sent in money and cryptocurrencies for his advisory services, McDonnell allegedly broke off communications with customers and “simply misappropriated” the funds, the Complaint notes.

In both cases the CFTC stated that neither of the two defendants and their companies had previously registered with the agency, the Complaint notes.

Securities Lawyers Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Entrepreneurs Headquarters Limited and CabbageTech’s alleged fraudulent cryptocurrency investment schemes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Entrepreneurs Headquarters Limited and CabbageTech’s alleged fraudulent cryptocurrency investment schemes may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530 or via e-mail at arosca@roscalaw.com, or through the contact form on this webpage.