September 28, 2021 3:49 am

John McAfee faces federal charges alleging crypto pump-and-dump scam on Twitter

NEW YORK (AP) — Antivirus software entrepreneur John McAfee become indicted on fraud and cash laundering conspiracy charges alleging that he and cohorts revamped $13 million by way of fooling investors zealous cryptopump over the rising cryptocurrency market, government said Friday.

McAfee, 75, was charged in a newly unsealed indictment in Manhattan federal court together with Jimmy Gale Watson Jr., who served as an government adviser on what prosecutors defined as McAfee’s “so-called cryptocurrency group.”

Prosecutors said Watson, forty, was arrested Thursday night time in Texas and could make an preliminary appearance Friday earlier than a federal Justice of the Peace decide in Dallas. McAfee, government stated, is detained in Spain on separate criminal charges filed through the U.S. Justice Department’s tax department.

It was not at once clean who would constitute the guys.

“McAfee and Watson exploited a extensively used social media platform and exuberance among buyers inside the rising cryptocurrency marketplace to make hundreds of thousands via lies and deception,” U.S. Attorney Audrey Strauss stated in a assertion describing crimes in 2017 and 2018.

“The defendants allegedly used McAfee’s Twitter account to publish messages to loads of lots of his Twitter fans touting diverse cryptocurrencies thru fake and deceptive statements to hide their true, self-involved motives,” she brought.

In October, McAfee became charged in federal court in Memphis, Tennessee, with evading taxes after failing to document profits made from selling cryptocurrencies whilst he did consulting work, made speakme engagements and sold the rights to his existence tale for a documentary.

McAfee evolved early internet protection software program and has been sought by using government inside the U.S. And Belize in the beyond.

The indictment out of Tennessee said McAfee didn’t file tax returns from 2014 to 2018, regardless of receiving “vast income” from several sources.

In July 2019, McAfee became launched from detention inside the Dominican Republic after he and five others were suspected of touring on a yacht carrying high-caliber guns, ammunition and army-fashion tools, officials at the Caribbean island stated on the time.

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