The creator of McAfee computer security software faces charges on Friday for fulfilling his “pumping” plan by promoting cryptocurrency on Twitter to increase its value.

According to an unannounced indictment by the U.S. Department of Justice, the founders of antivirus companies named after him, John McAfee and Jimmy Watson, are facing a plan to defraud cryptocurrency investors. Conspiracy, fraud and money laundering allegations.

U.S. lawyer Audrey Strauss said in a press release: “McAfee and Watson have used widely used social media platforms to attract investors in the emerging cryptocurrency market. Enthusiasm, made millions of dollars through lies and deception.”

Strauss said that McAfee, Watson and other members of their “cryptocurrency team” allegedly “raised more than $13 million (approximately Rs 95.1 crore) from investors who were victims of their fraud schemes). “.

Stake schemes usually involve excessive speculation of stocks or cryptocurrencies in this case by the holders so that the stocks can be sold at artificially high prices.

FBI Assistant Director William Sweeney said: “McAfee and Watson used social media to implement an ancient pumped waste collection program.”

“When engaging in illegal activities, simply looking for new ways to perform old tricks will not produce different results.”

The indictment alleges that McAfee and Watson also used Twitter on behalf of the initial token issuance to promote digital tokens, but did not disclose the rewards the startups paid for their efforts.

McAfee, 75, is currently in custody in Spain, pending a decision to extradite him to the United States for tax evasion and arrest.

See also  Black Widow’s box office exceeded 300 million US dollars, Fast and Furious 9 exceeded 600 million US dollars

Since he was about to board a flight to Istanbul in October and was arrested in the Spanish city, he has been held in a prison near Barcelona.

Although he earned millions of dollars in income through consulting work, cryptocurrency and selling his life story rights, he was in the United States in June due to tax evasion and deliberate failure to file tax returns between 2014 and 2018 And was sued.

Since making a fortune with the antivirus software of the same name in the 1980s, McAfee has become a self-styled cryptocurrency expert.

He has a million followers on Twitter, and he describes himself as “women’s love, adventure and mystery”.

After McAfee moved to Belize, it made headlines. His neighbor in the country of Central America was mysteriously murdered in 2012, a crime that has not yet been resolved.


Is LG Wing’s unique design enough to help it succeed in India? We discussed this on the weekly technical podcast Orbital, you can subscribe via Apple Podcast, Google Podcast or RSS, download the episode, or click the play button below.