The SEC accuses McAfee of being paid more than $23.1 million worth of cryptocurrency properties for promoting a number of ICO token sales without revealing that he was being paid to do so. The DOJ has imposed a number of counts of tax evasion against McAfee, saying that he “willfully attempted to evade” payment of income taxes owed to the federal government.
We have reached out to John McAfee for remark.
In a brief revealing the arrest and unsealing of indictment files, the DOJ likewise information that the charges are confined to McAfee the specific and that they did not discover any connection with the “anti-virus company bearing his name.”
Cybersecurity entrepreneur and crypto personality John McAfees wild trip might be coming to an end after he was apprehended in Spain today, and now deals with extradition to the U.S. over charges covering tax evasion and scams.
The SEC filing is a much more fascinating read, with 55 pages detailing a lengthy investigation into McAfees alleged deceptive activity promoting a variety of ICOs throughout 2017 and 2018. The report particularly notes that McAfee supposedly got more than $11.6 million worth of BTC and ETH tokens for promoting seven ICOs. Those offerings were not called in the fit. He additionally received $11.5 million worth of the promoted tokens, the fit alleges.
The DOJs charges versus McAfee are a bit dry, however information 10 counts versus the business owner. McAfee faced five counts of tax evasion, which each carry a maximum charge of 5 years in jail, along with five counts of “willful failure to file an income tax return,” each carrying an optimum penalty of one year in jail.
