Cryptocurrency Fraud , Cybercrime , Fraud Management & Cybercrime
Latest Federal Indictment Comes After Tax Evasion Charges Scott Ferguson (Ferguson_Writes) • March 8, 2021 John McAfee now faces additional federal charges related to alleged cryptocurrency schemes. (Photo: Gage Skidmore)John McAfee, who already faces federal tax evasion charges, has now been indicted for allegedly using his vast social media following to run cryptocurrency pump-and-dump schemes as well as promote virtual currencies to investors without revealing his stake in them, according to the Justice Department.
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McAfee, the founder of the cybersecurity firm that still bears his name, along with his business partner and bodyguard, Jimmy Gale Watson, Jr., are facing numerous new criminal charges, including conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, conspiracy to commit wire fraud and substantive wire fraud, according to a seven-count indictment unsealed Friday.
The most serious of the charges, substantive wire fraud, carries a potential 20-year federal prison sentence, prosecutors say.
McAfee, 75, remains in custody in Spain while awaiting extradition to the U.S. The serial entrepreneur and one-time presidential candidate has been detained in Europe since October 2020, when ..
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