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Federal prosecutors have indicted former antivirus entrepreneur John McAfee and his associate for orchestrating what they call a fraudulent scheme designed to rake in millions of dollars from cryptocurrency investors. McAfee and his “cryptocurrency team” advisor Jimmy Watson are accused of having
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John David McAfee, the eccentric antivirus software pioneer, has been indicted on fraud and money laundering charges by the Department of Justice, which alleges he and a business partner participated in a scheme that earned more than $13 million by falsely promoting cryptocurrency to unwitting investors. McAfee, 75, and a member of his "cryptocurrency team," 40-year-old Jimmy Gale Watson, Jr., allegedly exploited Twitter and "enthusiasm among investors in the emergency cryptocurrency market to make millions through lies and deception," U.S. Attorney Audrey Strauss said in a statement on t...
McAfee and his "cryptocurrency team" advisor Jimmy Watson allegedly engaged in an "age-old pump-and-dump scheme," authorities said.
Friday, March 5, 2021 John McAfee The curious John McAfee, a one-time Libertarian presidential candidate, has been indicted on charges related to securities fraud, cryptocurrency manipulation and money laundering, according to the Justice Department. McAfee and his adviser Jimmy Watson have been accused by federal prosecutors of using McAfee's Twitter account to promote cryptocurrencies to his 1 million+ followers in order to artificially inflate their market price. During the period from in or about December 2017 through in or about October 2018, JOHN DAVID MCAFEE and JIMMY GALE WATSON JR....