The legal dispute between the US authorities and John McAfee continued, and his assistant Jimmy Watson entered the complaint. The former anti-virus mogul’s bodyguard pleaded not guilty to the so-called cryptocurrency fraud case.
McAfee and Watson Jr. are accused of establishing a “pumping” program
According to court documents, Jimmy Gale Watson Jr. pleaded guilty before Judge Kevin Fox of the District Court for the Southern District of New York.
Watson Jr., a former Navy SEAL, was arrested in Texas earlier this month because the authorities prosecuted him on multiple charges including money laundering and securities fraud. The law enforcement agency stated that both McAfee and Watson allegedly “earned more than $13 million” from cryptocurrency investors.
McAfee’s personal bodyguard is ostensibly an “executive adviser” to the McAfee Team. The website aims to provide tips for cryptocurrency traders, who are said to have been subject to controversial technology entrepreneurs. Recognized.
The announcement issued by the U.S. Department of Justice on March 5, 2021 details the allegations against these two individuals:
Conspiracy to commit commodity and securities fraud, conspiracy to commit securities and tout fraud, wire fraud conspiracy and substantive wire fraud conspiracy, and money laundering conspiracy crimes, both of which are related to fraudulent promotion to investors that qualify as commodities or securities under federal law Of cryptocurrency investors.
In addition, according to US authorities, both McAfee and Watson have used McAfee’s personal Twitter-approved digital assets to increase prices, and then sell these assets and profit from the “pumping” strategy.
The U.S. government is working to extradite McAfee from Spain
Currently, McAfee has been imprisoned in Spain because the Spanish authorities arrested him for tax evasion.
As the former anti-virus tycoon is about to face legal disputes in North America, the US government is working to extradite him because he allegedly failed to file his tax returns.
If convicted for this type of charge, McAfee may be sentenced to more than five years in prison. Similarly, the extravagant technical person is also facing a legal dispute with the Commodity Futures Trading Commission (CFTC), which has filed additional charges against him.
What is your opinion on the latest developments in the tale of McAfee and the U.S. authorities? Let us know in the comments section below.
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