Anti-virus mogul John McAfee charged with fraud over crypto promotion
Anti-virus mogul John McAfee charged with fraud over crypto promotion. The anti-virus software pioneer in the person of John McAfee has been indicted on money laundering conspiracy charges and fraud on the premise of two cryptocurrency plots.
John McAfee and his bodyguard Jimmy gale has been accused by the Law enforcement agency that the duo , on the premise of John McAfee big followers on twitter artificially inflated altcoins prices via a pump and dump plot and which they didn’t divulge the payments of which John McAfee got from the start-up businesses to foster the first coin offering.
Accroding to United States Department of Justice, John McAfee and his bodyguard gained an estimated sum of $13 Milliom form the plan. Also, almost the same charges were filed by the Commodity Futures Commission.
However, the lawyers of John McAfee and his bodyguard is yet to be identified. Also, John McAfee is was prior to the charges, being held in Spain on the charges of tax evasion
There is also a civil charge against John McAfee and his bodyguard by United States and Exchange Commission, in which they refused to divulge an estimated amount of $23.1m, of which he got from promoting seven cryptocurrency offerings on twitter.
John McAfee has always been a subject of controversy. In 2012, he left his home in Belize after the death of his neighbour and the police invited him for questioning, though the police concurred with the fact that he was not a suspect.
Also, regarding to the Cryptocurrency issue, the law enforcement agency in charge of the case, has opined that John McAfee touted assets which are: Reddcoin, Dogecoin and Verge as part of the Coin of the week or ‘Coin of the week’
Also, it has been posited, that John McAfee presented himself as an cryptocurrency and cybersecurity expert via his speeches, tweets and his position of a publicly traded cryptocurrency company.
Authorities said McAfee held himself up as an expert on cybersecurity and cryptocurrency through his tweets, speeches and his role as a CEO of a publicly traded cryptocurrency company.
They also accused him of telling followers he had no stake in the coins, even as he touted how they “will change the world”.