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John McAfee indicted over fraud, money laundering conspiracy crimes: US
McAfee and his bodyguard Jimmy Gale Watson Jr were charged for a scheme to exploit McAfee s large Twitter following by publicly touting cryptocurrency offerings and digital tokens that they later sold once prices rose on the promotions
Reuters | March 6, 2021 | Updated 12:28 IST
McAfee is being detained in Spain on separate criminal charges filed by the Justice Department s tax division
John McAfee, creator of the eponymous anti-virus software, has been indicted in Manhattan federal court on fraud and money laundering conspiracy crimes, stemming from two schemes concerning the fraudulent promotion to investors of cryptocurrencies, officials said on Friday.
By Sunny Kim, CNBC •
Updated on March 6, 2021 at 8:11 am
Angel Garcia | Bloomberg | Getty Images
Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own.
China has been in the lead in developing its own digital currency. It s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major cities including Shenzhen, Chengdu and Hangzhou.
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to get alerts for local breaking news and weather. China s experiment is very large scale, said J. Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission. When the world arrives in Beijing next winter for the Winter Olympics, they are going to be using the new digital renminbi to shop and to stay in hotels and to buy meals in restaurants. The world is going to see a functioning [central bank digital
Dear Acting Chairman Behnam;
On Feb 1, you stated that the Commission was closely monitoring recent activity in the silver markets, concluding that the agency remains vigilant in surveilling these markets for fraud and manipulation.
As I am sure you are aware, a large segment of the investing public feels that the main source of an alleged fraud and manipulation of the silver market is the documented large concentrated short position in COMEX silver futures.
The Commission had found this issue to be significant enough to post public letters addressing the matter in May of both 2004 and 2008, but clearly the issue has not gone away and has, in fact, intensified. In terms of real world production, the concentrated short position in COMEX silver futures towers over the concentrated short positions in any other commodity, raising suspicions that it is this short position suppressing the price of silver.