Drake Stone was an inexperienced wizard that practiced magic, only to bring himself fame and fortune by posing as a stage magician. When he was fifteen years old and without a family his original master left him for unknown reasons, leaving him with a copy of the Encantus which was how he was able to learn sorcery and to be a famous magician with a lot of fame and fortune throughout his entire life in spite of his "abandonment issues". He was later recruited by Maxim Horvath to help him retrieve the Grimhold. They both succeed when Drake disguises himself as Dave Stutler, attacked his mentor Balthazar Blake and retrieved the doll intact.
Back at his penthouse building in Manhattan, he was later betrayed by Horvath when he told him about the "Parasite Spell", a curse originated in Haiti and its purpose to transfer energy from one sorcerer to another. Horvath quickly used the spell on Drake and stole his ring, now imbued with Drake's magic also his life energy, and presumably dies.
Drake Stone is based on a magician of Chris Angel.
The Disguise Spell (Transformation Spell) used by Drake Stone to deceive Balthazar.
Drake's magic and his life energy gets drained by Horvath, before the latter steals his ring.