Tech entrepreneur and former anti-virus tycoon John McAfee has been convicted by the US Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI turned down the indictment accusing McAfee and his associate Jimmy Watson of securities fraud.
John McPhee inspired by US law enforcement for fraud and money laundering tied to crypto schemes
according to a Press release Published by the DoJ on March 5, John McAfee has been indicted for his cryptocurrency operation and several charges tied to his so-called “McAfee Team”. The federal attorney, FBI, and DoJ also accused McAfee’s alleged partner Jimmy Watson, who served as “executive advisor” to McAfee’s alleged cryptocurrency squad.
McAfee and Watson have been charged with “conspiracy to commit fraud of goods and securities, conspiracy to commit and defraud securities, wire fraud conspiracy and original wire fraud, and money laundering conspiracy to commit cryptocurrency investors. Fraud-related schemes are related. According to the DoJ announcement published on Friday, qualifying under federal law as commodities or securities.
Last Friday, Janice McAfee (John’s wife) was to request Legal assistance from a lawyer in Tennessee. She said that one can work with her husband’s Spanish lawyers and that they should have a strong understanding of cryptocurrency. But on Friday, seven days before John’s indictment, and he had not formally spoken on the indictment on social media. Federal prosecutors say John McPhee took advantage of his social media presence to engage in “age-old pump-and-dump schemes”.
US Prosecutors Discussion on McAfee ‘Tweeted to Thousands of His Twitter Followers’
Manhattan US Attorney Audrey Strauss discussed how McAfee’s Twitter account gathered strong evidence.
“As alleged, McAfee and Watson exploited the widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception,” Strauss said. He said, “Defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of Twitter followers through various cryptocurrencies through false and misleading statements to conceal their true, selfish intentions.” . “
Strauss and US prosecutors claim that the McEnphy team allegedly took more than $ 13 million from investors. Strauss warned during the announcement, “Investors should be wary of social media endorsements of investment opportunities.”
The DoJ published the news after publishing an indictment against Watson and McAfee Spread fast On social media. “John McAfee did nothing wrong,” one person Tweeted on Friday evening. Others discussed McAfee’s famous million-dollar BTC wager, which he had run for a while.
“We were promised something John Mcafee never gave,” one person teased Tweeted Sharing screenshots of McAfee’s humorous bets. The charges against McAfee and Watson were investigated in 2017 and were carried out during the crypto bull and expanded by the 2018 prosecution.
What do you think about the US lawsuit against Watson and McAfee? Let us know what you think on this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Vicky Commons, Justice
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell or to recommend or endorse any product, services, or companies. Bitcoin.com Does not provide investment, tax, legal or accounting advice. Neither the company is responsible, nor is the author, directly or indirectly, for the use of or reliance on any of the materials, goods, or services mentioned in this article, or for the loss or damage caused.