John McAfee charged with fraud over cryptocurrency

[synd66]

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/

[mindrust]

I thought crypto markets were unregulated but on the other hand a fraud is a fraud no matter what form it is in. And money laundering is a kind of a joker card. You can pretty much arrest anybody with this accusation.

Is there even one crypto business out there can prove that they not laundering money? It is impossible.

The guy had this coming when he started to promote shitcoins for money though. He wasn't a saint.

[Vishnu.Reang]

This is just a tip of the iceberg. McAfee promoted dozens of scam projects, and he charged $105,000 for a single tweet. He made tens of millions of USD (if not hundreds of millions) from these scams. When angry investors confronted him later, he refused to listen and abused them. For me, alongside Mark Karpeles and Craig Wright, John McAfee ranks as one of the worst enemies of cryptocurrency. I hope he will spend the rest of the his miserable life behind bars, without any possibility of a parole.

[Poker Player]

I don't wish ill on anyone but I'm glad he's no longer the Bitcoin Evangelist of the moment. When I first became interested in Bitcoin he was, and the truth is he has too much dirty business surrounding him to be a good representative for us.

[snipie]

For me, alongside Mark Karpeles and Craig Wright, John McAfee ranks as one of the worst enemies of cryptocurrency. I hope he will spend the rest of the his miserable life behind bars, without any possibility of a parole.

lol. I read an article about this yesterday and this is a copy paste from it tho. He is in detention in Spain for tax fraud and being accused of many charges. Most likely he will be kicked to US so the court can milk him few millions and the case will be settled, unless his lawyer is not good enough to prevent him from visiting a 5* prison for few weeks.

[bryant.coleman]

lol. I read an article about this yesterday and this is a copy paste from it tho. He is in detention in Spain for tax fraud and being accused of many charges. Most likely he will be kicked to US so the court can milk him few millions and the case will be settled, unless his lawyer is not good enough to prevent him from visiting a 5* prison for few weeks.

I am not sure whether the court will take a favorable stance towards McAfee. He is accused in a number of crimes, including one case of murder. The Americans are trying to get him extradited for some time, but this guy managed to avoid that until now. Once he is deported back to the United States, he will be tried for the 2012 murder of Gregory Faull. A few years back, a US Federal District judge ordered McAfee to pay a compensation of $25 million, but he ignored the judgement. 

[dkbit98]

If everyone would be charged for same pump and dumps than it would be most crypto influencers on twitter who are doing same schemes and not just McAfee.
McAfee is still in Spain charged for tax evasion and I doubt we are ever going to see him in US again, and with his old age we can't even expect him to live much longer.
I feel a bit sorry for him but he ruined his own health and brain with drugs and alcohol overuse.

[Sterbens]

This is not the first time McAfee has been accused of fraud, and the accusations this time have led him to stumble upon a fairly dangerous case, undertaking crypto promotion with whatever purpose is expected, but if there is an act of fraud and harms the party, it must be prosecuted legally. We're not sure here that he's just promoting to his followers on Twitter, but he can play behind the scenes. and as a result Jimmy was involved in the actions taken by them.

[Coyster]

For whatever it's worth, crypto users should stop taking tweets from prominent individuals as a marker to invest in one cryptocurrency or the other, that's the only way this 'fraud' committed by John McAfee can be checked, and to be fair to John, there are quite a lot of people doing the same very thing on social media, they may not be as prominent or dubious as John, but it's the same strategy over and over again. Elon Musk's tweets also causes hype, and while he may not have the same intentions as John, or who knows, he could prolly be making profits out of those crypto endorsing tweets. But the thing is, it's 'sinful' investing in a coin solely cause a prominent individuals tweet speaks good of it, you'll more often than not be left with a dumped coin.

[Lucius]

Should anyone even care what happens to him? After publicly admitting that he made fools of everyone who believed that BTC would be worth $1 million by 2020, and after using his influence to inflict surely great financial damage on individuals but also on governments because he evaded paying taxes, does anyone think he should be allowed to live in peace for the rest of his life given that he is 75 years old?

Unless he dies in a Spanish prison, his extradition to the US is only a matter of time.


https://twitter.com/officialmcafee/status/1213839069681205254

[pawanjain]

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/

John McAfee has been promoting shitcoins since many years and I wouldn't be surprised if he gets charged for crypto fraud.
Money laundering is something which is hard to prove in cryptocurrency. They can charge anybody for money laundering.
Even Charlie Shrem was accused of money laundering for running BitInstant.

[avikz]

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/

He is generally a strong supporter of cryptocurrencies but indeed he had promoted some shitcoins when the ICO market was booming and made a good amount of money through his shady activities. Those were way too evident when his name was one of the main promotional point for the ICOs. Now later when most ICO tokens became a disaster, investors lost millions of dollars to these scammers.

I wouldn't say Mcafee was directly involved in such scams but he definitely supported such initiatives. Hopefully he gets a light punishment because the mains scammers are mostly roaming free till date!

[Jating]

Good riddance.

He fooled everyone during the ICO hype, made a lot of money for himself, being paid handsomely just to shill from some shit and scam projects. Now, he has to face the music, brilliant mind, genius, but borderline psychotic.

He is high profile that's why he was targeted by the US government, probably sending the message again to the would be large scale personality scammers out there that their days are going to come to an end.

[charlesmichel1]

I don't wish ill on anyone but I'm glad he's no longer the Bitcoin Evangelist of the moment. When I first became interested in Bitcoin he was, and the truth is he has too much dirty business surrounding him to be a good representative for us.

I don't think it can affect Bitcoin at any ways. The only person who really represents Bitcoin is Satoshi.

[buwaytress]

Alleged? Crypto influencers have been doing it for years. McAfee himself didn't make it a secret that he was charging per Tweet, and most of today's influencers have a rate you pay, they say.

None of them would say they're deliberately scamming, but their actions (most take the promoted tokens at huge discount in lieu of cash payments, and then dump them after the shill) to me very easily amount to fraud.

[seoincorporation]

This news isn't new at all... On October 6 he got arrested for some crimes to the economy while he was bumping his coins:

https://news.bitcoin.com/john-mcafee-arrested-23-million-crypto-pumping/

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

[bryant.coleman]

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

You are doing a great disservice to the cryptocurrency sector by comparing a successful businessmen such as Elon Musk with a criminal like John McAfee. Elon Musk never benefited from any of his tweets, simply because he doesn't own any cryptocurrency. On the other hand, his endorsal resulted in massive profits for early adopters within the cryptocurrency sector. IMO, we should be thankful to him.

On the other hand, John McAfee knowingly promoted scam projects in return for monetary payments. A lot of cryptocurrency enthusiasts trusted him and put their hard earned money in these scam projects. All of that money vanished. And he repeated this cycle many times, earning huge amounts of $$$ in the process. And he never apologized for ruining the lives of so many people.

[zasad@]

John McAfee has been using Twitter to help raise and lower the price of cryptoassets.
Elon Musk is doing the same thing now. I am very interested in whether Elon Musk will be prosecuted for pumping dogecoins.
Many investment people and companies took money for advertising ICO, and more than 90% of projects are already dead.

[Spaffin]

This news isn't new at all... On October 6 he got arrested for some crimes to the economy while he was bumping his coins:

https://news.bitcoin.com/john-mcafee-arrested-23-million-crypto-pumping/

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

If Elon Musk also speculates with his tweets, then it is quite possible that he will have the same story, because once he already influenced the Bitcoin and Doge coin market, although it is unknown whether this happened on purpose or not.

[eaLiTy]

If everyone would be charged for same pump and dumps than it would be most crypto influencers on twitter who are doing same schemes and not just McAfee.
McAfee is still in Spain charged for tax evasion and I doubt we are ever going to see him in US again, and with his old age we can't even expect him to live much longer.

If you are a celebrity you need to be responsible what you say in a public platform and he was literally cheating all his followers by advising them to invest in scam projects. There is nothing wrong in promoting but when it comes to finance if you are shilling and promising his followers that the projects he is tweeting are the next best project and he is collecting money when others thought that he genuinely thinks that those projects were good thinking that he is from a tech background which means he was aiding the crime and he should face the punishment.

I feel a bit sorry for him but he ruined his own health and brain with drugs and alcohol overuse.

I do not feel sorry for him, i am more concerned about the dreams and families he shattered with his lies on the pretext of good projects and those that lost money needs justice.