Law and Legislation

John McAfee Arrested In Spain – U.S. DoJ Reveals.

John McAfee has been arrested in Spain on allegations of tax evasion, consistent with the United States DoJ [Department of Justice]. His extradition to the U.S. is still pending.

Earlier on Monday DOJ prosecutors revealed a criminal indictment against McAfee, who faces charges of tax evasion & willful failure to file tax returns that would likely let him behind bars for over a period of 5 years, if found guilty.

The announcement comes after the same day the United States SEC [Securities and Exchange Commission] sued McAfee for illegally pumping ICOs [initial coin offerings] without disclosing his interests.

McAfee illegally received Bitcoin [BTC] and Ethereum [ETH] worth over $11.6 Mln for promoting around 7 ICOs earlier in 2017 & 2018.

He also illegally received around $11.5 Mln within the promoted tokens. The SEC doesn’t name the projects within the suit.

The SEC revealed that the securities violations in 55-page complaint filed Monday within the U.S. District Court for the Southern District of New York.

In line with the SEC, McAfee raised over $23.2 Mln from projects which raised a cumulative $41 Mln.

“McAfee’s extravagant posts such as tweeting predictions about Bitcoin [BTC] price increases & promising to ‘eat my d**k on national television’ if such predictions were not true … and generated a huge amount of publicity,” the SEC added within its complaint.

Additionally, the SEC is seeking civil penalties and an order prohibiting McAfee from serving as a public officer again in the future.

The SEC also sued McAfee’s security guard, Jimmy Gale Watson, within the complaint.

Leave a Comment

Your email address will not be published.