John McAfee (photo), the founder of the McAfee antivirus software company, 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, the U.S. Department of Justice said on Friday, according to Reuters.
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.
Manhattan U.S. Attorney Audrey Strauss said in a statement: “As alleged, McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception.”
McAfee is being detained in Spain on separate criminal charges filed by the Justice Department’s tax division, the department said.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: