Money laundering, fraud, etc.

Post Reply
User avatar
Volkonski
Posts: 11760
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation: Retired mechanical engineer
Verified:

Money laundering, fraud, etc.

#1

Post by Volkonski »

Antivirus software pioneer John McAfee indicted for cryptocurrency fraud: U.S. officials

https://www.reuters.com/article/us-usa- ... ce=twitter
John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Department of Justice said on Friday.

Authorities accused McAfee and his bodyguard, Jimmy Gale Watson Jr, of exploiting McAfee’s large Twitter following to artificially inflate prices of “altcoins” through a pump-and-dump scheme, and concealing payments McAfee received

from startup businesses to promote initial coin offerings.

McAfee and his accomplices allegedly reaped more than $13 million from the schemes, according to the U.S. Department of Justice. The Commodity Futures Trading Commission filed related civil charges concerning the alleged pump-and-dump scheme.
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
Post Reply

Return to “Law and Lawsuits”