Min menu

Pages

Cybersecurity tycoon John McAfee accused of fraudulently promoting cryptocurrencies

 


John McAfee, the creator of McAfee Antivirus, has been indicted by a U.S. court on federal charges for the second time.

The cybersecurity mogul and former presidential candidate face a variety of charges brought by the U.S. Department of Justice, according to the recently disclosed indictment.

McAfee is charged with a range of crimes "stemming from two schemes relating to the fraudulent promotion of investors in cryptocurrencies eligible under federal law as commodities or securities," the Justice Department said in a statement released Friday.

These charges range from "conspiracy to commit commodity and securities fraud" to "money laundering conspiracy" as well as a series of previous charges of alleged tax evasion.

Manhattan Attorney General Audrey Strauss said McAfee and a colleague "claimed to have raised more than $13 million from investors" through a variety of cryptocurrency-related means (the so-called "pump-and-dump" plan) and undeclared agreements to promote certain currencies for compensation.

"The defendants allegedly used McAfee's Twitter account to post messages to hundreds of thousands of Twitter followers promoting various cryptocurrencies through false and misleading statements to hide their true motives," Strauss said.

If convicted, McAfee faces a possible maximum sentence of life imprisonment.

McAfee has more than one million followers on Twitter and remains active on the social media platform, although he is currently imprisoned in Spain on previous tax evasion charges.

In his profile, McAfee described himself as "a warrior of belief, a lover of women, adventure and mystery." 

Source:

https://www.bbc.com/news/technology-56300593

reaction: