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Fri Mar 5, 2021, 06:30 PM

Antivirus software pioneer John McAfee indicted for cryptocurrency fraud - U.S. officials

Source: Reuters

NEW YORK/WASHINGTON (Reuters) - John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Department of Justice said on Friday.

Authorities accused McAfee and his bodyguard, Jimmy Gale Watson Jr, of exploiting McAfee's large Twitter following to artificially inflate prices of "altcoins" through a pump-and-dump scheme, and concealing payments McAfee received

from startup businesses to promote initial coin offerings.

McAfee and his accomplices allegedly reaped more than $13 million from the schemes, according to the U.S. Department of Justice. The Commodity Futures Trading Commission filed related civil charges concerning the alleged pump-and-dump scheme.

Read more: https://finance.yahoo.com/news/u-says-john-mcafee-indicted-164633603.html

11 replies, 1660 views

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Reply Antivirus software pioneer John McAfee indicted for cryptocurrency fraud - U.S. officials (Original post)
Yo_Mama_Been_Loggin Mar 5 OP
DURHAM D Mar 5 #1
Mawspam2 Mar 5 #2
cstanleytech Mar 6 #9
Ponietz Mar 5 #3
Marie Marie Mar 5 #4
Joinfortmill Mar 5 #5
bucolic_frolic Mar 5 #6
LeftInTX Mar 5 #7
LudwigPastorius Mar 5 #8
FakeNoose Mar 6 #10
csziggy Mar 6 #11

Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 06:33 PM

1. Ok why am I laughing? nt

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 07:12 PM

2. Isn't this guy also wanted for murder...

...in Belize? Tax evasion, murder, now crypto-fraud. Where is he now? I think he needs to take a ride on Elon Musk's spaceship to Mars to avoid extradition.

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Response to Mawspam2 (Reply #2)

Sat Mar 6, 2021, 12:22 AM

9. Slight correction, from what I read he is only wanted for questioning about a murder which is not

the same thing as being wanted for the murder itself.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 07:46 PM

3. That coprophiliac is still in custody in Spain for tax evasion.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 07:58 PM

4. This guy is a piece of work.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 08:03 PM

5. Such a creep.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 10:26 PM

6. Overinflated asset prices precede market crashes

pump and dump, Ponzi, real estate prices (check out the Florida crash in the 1920s) ... here we have stocks, bitcoin in bubbles. A reckoning of some kind is coming. Every 2 bit penny stock with a book value of 13 cents and no earnings is making a run ... 3, 4 10 $15 a share. It wasn't only Gamestop.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 11:12 PM

7. I thought he died...LOL

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Mar 5, 2021, 11:39 PM

8. Isn't that the guy who vowed to eat his own dick if Bitcoin didn't hit $1 million by 2020?


Maybe he'll finally get the mental health help he needs when he's in prison.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat Mar 6, 2021, 11:21 AM

10. Didn't he skip the country 20 years ago?

I read he was in Costa Rico or some place, avoiding US government and media.

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Response to FakeNoose (Reply #10)

Sat Mar 6, 2021, 03:22 PM

11. Not sure when he left the US but he was deported from Guatemala in 2012

He also had property in Belize where he was considered a person of interest in the murder of Gregory Faull - he "fled" Belize. He illegally returned to Guatemala and was deported to the US.

He's run for President in 2016 and 2020 as a Libertarian(?!).

On October 5, 2020, McAfee was arrested in Spain at the request of the U.S. Department of Justice for tax evasion. The indictment alleges he earned millions of dollars from 201418, but has failed to file income tax returns.[110]

On October 6, 2020, the U.S. Securities and Exchange Commission filed a complaint[111] alleging that McAfee had fraudulently promoted certain ICOs. According to the SEC, McAfee presented himself as an impartial investor when he promoted the ICOs, despite the fact that he was allegedly paid $23 million in digital assets in exchange for the promotions.

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser of his, named Jimmy Gale Watson Jr, for allegedly fraudulently promoting certain ICOs and performing pump and dump schemes.[112]

McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Personal_life

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