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‘Coyote of Wall Street’ Pleads Guilty in N.Y. to Crypto Fraud

  • McDonnell admits duping investors via social-media postings
  • U.S. says he stole their money and bought cryptocurrencies
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Photographer: Michael Nagle/Bloomberg

A New York man who called himself “the Coyote of Wall Street” admitted he stole cash from clients who thought he’d use it to invest in cryptocurrencies.

Patrick McDonnell, who ran CabbageTech Corp., pleaded guilty to wire fraud on Friday in federal court in Brooklyn.