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E filing system

Feds Accuse John McAfee ‘Crypto Team’ of Fraudulently Pocketing Over $13 Million

Stop us if you've heard this before: John McAfee has been accused of a crime. This time it's because he allegedly pocketed $13 million from people who, prompted by McAfee's tweets, wanted to profit from the cryptocurrency boom of 2017 and 2018. Manhattan U.S. Attorney Audrey Strauss said in a press release on Friday that McAfee and the executive adviser of his cryptocurrency team, Jimmy Watson, "exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception." Which is the legalese way of saying McAfee and Watson were accused of lying on Twitter, convincing people they should invest in the booming cryptocurrency market, and then pocketing nearly $2 million between the two of them. FBI Assistant Director William F. Sweeney Jr. described it as "an age-old pump-and-dump scheme." McAfee and Watson were also accused of using Twitter to promote Initial Coin Offerings (ICOs) without … [Read more...] about Feds Accuse John McAfee ‘Crypto Team’ of Fraudulently Pocketing Over $13 Million

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