John McAfee on trouble: arrested in Spain accused of illegal ICO promotion and Tax evasion.

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4 years ago

It seems the Securities and Exchange Commission (SEC) and the department of justice (DoJ) in United States isn't playing and now one more prominent figure (after Arthur Hayes CEO of BitMEX) in the cryptocurrency field fall down and go behind bars.

This time the American regulator and the law enforcement organization (DoJ) filled charges against the magnate of cyber security and biggest crypto enthusiast with illegal ICO promotion and Tax evasion, which can led the "Boss" of McAfee Anti-virus to face good time in Jail vacation.

Accordingly with the charges, John Mcafee used his influence to promote illegal ICO's (initial coin offering) during 2017 and received tons of payments in Bitcoin and Ethereum (more than $23 millions in value combined) and the enthusiast didn't tell his followers that he was being paid to promote those illegal business, most time he used his followers influence to tell that he was investing on them, which wasn't true.

In a separated charge the department of Justice accused the "magnate" of tax evasion and didn't stopped only in accusations the enthusiast was arrested in Spain and waiting for extradition to United States.

The most important part to note in the complain by SEC is that the famous John didn't told his followers that he was being paid to promote those ICO's and received millions of dollars to recommend those "illegal" business to his crowd of supporters. Things aren't smelling good for McAfee and his time in bars could go way too big, and the eccentric man can see the sun thru some holes from the cells.

The department of justice stats that McAfee sold his life biography and failed to return tax payments in 2018 and for that he must respond for his acts, the full complaint against John McAfee could be seen at gov.uscourts.nysd.545664.1.0_1 by MichaelPatrickMcSweeney on Scribd.

The American Regulator and the law enforcement agency are conducting some research on the past few years about the crypto ecosystem and after Arthur Hayes CEO of BitMEX and some collaborators got arrested accused of operating an illegal business and break some laws the John McAfee incident is showing that they are on the lookout for more prominent figures on cryptocurrency ecosystem.

So who they will arrest next?!

The one million dollar answer...

Stay tuned for more exciting news, download Brave Browser to earn BAT tokens for watching non intrusive ads, subscribe for more updates on crypto field.

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4 years ago

Comments

Expecting story.

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4 years ago

Ive been expecting this for a while now, i wondered how long he would be free for before they cracked down on him

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4 years ago

Yes he made some bad moves in the past and that way of using his followers to recommend illegal business or ICO's now he's facing some returns on that and the bars of jail are on his neck😁😁😁😁

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4 years ago

ROI can come in many forms lol

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4 years ago

He planted what he is collecting today😁

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4 years ago