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Antivirus software pioneer John McAfee charged with cryptocurrency fraud


By Jonathan Stempel and Chris Prentice
NEW YORK/WASHINGTON (Reuters) - John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money-laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Justice Department said on Friday.
Authorities accused McAfee and his bodyguard, Jimmy Gale Watson Jr., of exploiting McAfee s large Twitter following to artificially inflate prices of altcoins through a so-called pump-and-dump scheme, and concealing payments McAfee received from startup businesses to promote initial coin offerings.
The Justice Department said McAfee and his accomplices reaped more than $13 million from the schemes. The charges were brought in Manhattan federal court. ....

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