Tech entrepreneur and former antivirus tycoon John McAfee has been sued by the US Department of Justice (DoJ), demanding that he be convicted of money laundering and fraud. The U.S. Attorney for the Southern District of New York and the FBI opened the indictment, accusing McAfee and his colleague Jimmy Watson of securities fraud.

John McAfee is sued by US law enforcement agencies for fraud and money laundering related to encryption schemes

According to a press release issued by the U.S. Department of Justice on March 5, John McAfee was accused of multiple charges related to his cryptocurrency business and the so-called “McAfee team.” Federal prosecutors, the FBI and the U.S. Department of Justice also accused McAfee’s alleged partner Jimmy Watson, who allegedly was an “executive adviser” to McAfee’s so-called cryptocurrency squad.

The Department of Justice charges John McAfee with allegations of cryptocurrency fraud

McAfee and Watson were charged with “conspiracy to commit commodity and securities fraud, conspiracy to commit securities and tout fraud, wire fraud conspiracy and substantive wire fraud and money laundering conspiracy crimes, these two crimes stemmed from fraudulent promotion to cryptocurrency investors According to a statement issued by the U.S. Department of Justice on Friday, the two programs involved in the promotion are eligible to be treated as commodities or securities under federal law.”

Last Friday, Janice McAfee (John’s wife) Claim Legal assistance from a Tennessee lawyer. She said that a person who can work with her husband’s Spanish lawyer needs a deep understanding of cryptocurrencies. But this is seven days before John’s indictment on Friday, and she has not officially published the indictment on social media. Federal prosecutors said that John McAfee used his influence on social media to participate in the “ancient pumping and storage project.”

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US prosecutors discuss McAfee “tweeting to thousands of Twitter followers”

Manhattan American lawyer Audrey Strauss (Audrey Strauss) discussed how McAfee’s Twitter account has a lot of evidence.

Strauss said: “As stated, McAfee and Watson used widely used social media platforms and the enthusiasm of investors in the emerging cryptocurrency market to make millions of dollars through lies and deception.” She added: “The defendant allegedly used McAfee’s Twitter account to post messages to hundreds of thousands of his Twitter followers, using false and misleading statements to tout various cryptocurrencies to disguise their true, selfish motives.”

Strauss and U.S. prosecutors claimed that the apparently McAfee team reportedly received $13 million in proceeds from investors. Strauss warned in a statement: “Investors should be wary of social media’s recognition of investment opportunities.”

After the US Department of Justice issued an indictment against Watson and McAfee, the news Spread of the virus On social media. One person said: “John McAfee did nothing wrong” Tweet On Friday night. Others jokingly discussed McAfee’s famous million-dollar BTC bet, which he held for a while.

“Someone assured us that John Mcafee never provided these things,” one person teased. Tweet Share screenshots of McAfee’s humorous betting. The allegations against McAfee and Watson came from an investigation conducted during the cryptocurrency bull market in 2017, and the scope of the investigation was expanded in the prosecutor’s notes in 2018.

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What do you think of the US prosecution of Watson and McAfee? Let us know your thoughts on this topic in the comments section below.

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