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18 April 2021

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges – Bitcoin News

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges – Bitcoin News


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John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges – Bitcoin News.

According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied to his cryptocurrency operations and his so-called “McAfee Team.” The Federal Attorney, FBI, and DoJ also charged McAfee’s alleged partner Jimmy Watson, who purportedly served as an “executive adviser” to McAfee’s alleged cryptocurrency squad.

McAfee and Watson have been charged with “conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and money laundering conspiracy offenses stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities,” according to the DoJ announcement published on Friday.

“As alleged, McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception,” Strauss said.

After the DoJ published the indictment against Watson and McAfee, the news went viral on social media.

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