{"id":18259,"date":"2021-03-06T06:24:13","date_gmt":"2021-03-06T11:24:13","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=18259"},"modified":"2021-03-06T06:24:13","modified_gmt":"2021-03-06T11:24:13","slug":"john-mcafee-charged-with-fraud-over-cryptocurrency","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2021\/03\/06\/john-mcafee-charged-with-fraud-over-cryptocurrency\/","title":{"rendered":"John McAfee charged with fraud over cryptocurrency"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p><b class=\"ssrcss-14iz86j-BoldText e5tfeyi0\">Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee&#8217;s large Twitter following to inflate prices.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>The currencies were then allegedly sold, making the pair $2m (\u00a31.45m), prosecutors said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>The men have not commented on the charges.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Mr McAfee, 75, is currently being\u00a0<a class=\"ssrcss-hiczm3-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-europe-54431726\" target=\"_blank\" rel=\"noopener\">detained in Spain in relation to separate criminal charges relating to tax<\/a>, which he denies. He faces possible extradition to the US.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Mr Watson was arrested in Texas on Thursday.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>&#8220;Jimmy Watson is a decorated veteran and former Navy Seal. He fought for other people&#8217;s rights and liberties, and he is entitled to and looks forward to his day in court to exercise some of those very rights,&#8221; said his lawyer Arnold Spencer.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<div class=\"ssrcss-1pzprxn-BulletListContainer e5tfeyi3\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-hiczm3-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/technology-24441931\" target=\"_blank\" rel=\"noopener\">The strange life of John McAfee<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>The latest\u00a0<a class=\"ssrcss-hiczm3-InlineLink e1no5rhv0\" href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/john-david-mcafee-and-executive-adviser-his-cryptocurrency-team-indicted-manhattan\" target=\"_blank\" rel=\"noopener\">charges were filed in the Manhattan federal court in New York<\/a>. The pair are accused of buying the cryptocurrency assets before promoting them on Twitter, where Mr McAfee has more than one million followers.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>They would then sell the assets as soon as Mr McAfee&#8217;s endorsements saw prices rise, according to the US justice department and the Commodity Futures Trading Commission.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>They allegedly made a further $11m (\u00a38m) in payments from cryptocurrency start-ups for promoting their assets on Twitter, payments which were not disclosed to investors who bought them.<\/p>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>That amounted to having &#8220;exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception,&#8221; federal prosecutor Audrey Strauss said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>In the separate tax evasion case &#8211; which was announced last October &#8211; Mr McAfee is accused of failing to file any tax returns from 2014 to 2018. Prosecutors also say he used other people&#8217;s names to conceal his assets, including a yacht and property.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-mysbf6-ComponentWrapper-CrossheadComponentWrapper e1xue1i84\" data-component=\"crosshead-block\">\n<h2 class=\"ssrcss-qozapo-StyledHeading e1fj1fc10\">Who is McAfee?<\/h2>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>A controversial figure, he came to prominence in the 1980s when his company released the first commercial anti-virus software &#8211; McAfee VirusScan &#8211; and helped spark a multi-billion dollar industry.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Although that business has since been sold to Intel, he still develops cyber-security products of his own.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>The entrepreneur, who was born in the UK, also launched unsuccessful bids to become the Libertarian Party&#8217;s candidate for the US presidential elections in 2016 and 2020.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Mr McAfee has previously expressed his disdain for taxes, tweeting in 2019 that he had not filed tax returns for years because &#8220;taxation is illegal&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>In 2012, he made headlines after\u00a0<a class=\"ssrcss-hiczm3-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-latin-america-20335004\" target=\"_blank\" rel=\"noopener\">police in the Central American country of Belize investigated the death of one Mr McAfee&#8217;s neighbours<\/a>\u00a0and named him as a &#8220;person of interest&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i83\" data-component=\"text-block\">\n<div class=\"ssrcss-3z08n3-RichTextContainer e5tfeyi2\">\n<p>Mr McAfee left the country saying he feared for his own safety. Officials ultimately said he was not a suspect.<\/p>\n<p>Source: <a href=\"https:\/\/www.bbc.co.uk\/news\/technology-56300593\" target=\"_blank\" rel=\"noopener\">bbc.co.uk<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\">Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of <a class=\"mh-excerpt-more\" href=\"https:\/\/worldjusticenews.com\/news\/2021\/03\/06\/john-mcafee-charged-with-fraud-over-cryptocurrency\/\" title=\"John McAfee charged with fraud over cryptocurrency\">[&#8230;]<\/a><\/div>\n","protected":false},"author":1,"featured_media":17678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[109,2,3],"tags":[4686,305,7377,7611,1484,521,147,5032],"class_list":{"0":"post-18259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headline","8":"category-news","9":"category-usa","10":"tag-cryptocurrency","11":"tag-fraud","12":"tag-john-mcafee","13":"tag-manhattan-federal-court","14":"tag-money-laundering","15":"tag-new-york","16":"tag-texas","17":"tag-us-justice-department","18":"pmpro-has-access"},"_links":{"self":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/comments?post=18259"}],"version-history":[{"count":1,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18259\/revisions"}],"predecessor-version":[{"id":18260,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18259\/revisions\/18260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media\/17678"}],"wp:attachment":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media?parent=18259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/categories?post=18259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/tags?post=18259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}