July 24, 2021

McAfee faces crypto-related fraud charges from NY court

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Crypto advocate and internet security pioneer John McAfee faces a number of different criminal charges, based on a new statement from the United States Department of Justice, or DoJ. 

The department accused McAfee of “conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and money laundering conspiracy offenses stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities,” the DoJ’s statement from the Southern District of New York said on Friday.

Jimmy Watson Jr. is also listed under the offenses for his role on the “McAfee Team,” which operated in the digital asset industry. Authorities took Watson into custody in Texas on Thursday, the statement said.

Prior to today’s news, McAfee already faced charges from U.S. governing bodies for tax evasion and initial coin offerings, or ICOs, which he allegedly advertised for compensation without properly informing the public. After going on the run from the U.S. government in 2019, McAfee was arrested in Spain in October 2020.Title: McAfee faces crypto-related fraud charges from NY court
Sourced From: cointelegraph.com/news/mcafee-faces-crypto-related-fraud-charges-from-ny-court
Published Date: Fri, 05 Mar 2021 19:13:26 +0000