The fugitive caught in the net – It had to happen someday. The whimsical billionaire John McAfee will have to explain himself on his “Pump & Dump” tweets from various shitcoin ICOs. In fact, in addition to being arrested for his tax evasion, the Securities and Exchange Commission (SEC) is asking for a lawsuit against him.
End of tax run for John McAfee
If we occasionally evoke the escapades and thunderous declarations of John McAfee (creator of the eponymous antivirus), it could be this time that the game gets complicated for good for the billionaire on the run.
According to a press release dated October 5, the Department of Justice US, an indictment against John David McAfee to tax evasion and willful failure to fulfill its tax returns has been revealed.
The indictment, initially released on June 15, 2020, was revealed to the public following McAfee’s arrest in Spain , where he is now being held pending extradition .
According to the indictment, John McAfee would have “made millions of dollars promoting cryptocurrency” , but that from 2014 to 2018, he would not have filed a tax return.
The document also specifies that the billionaire tried to evade the IRS (the US tax authorities) by concealing assets , including real estate, a vehicle and a yacht, on behalf of other people.
The maximum penalties are 5 years in prison for tax evasion and one year in prison for failure to file a tax return.
The SEC adds a layer
The troubles don’t end there for John McAfee, as the SEC files a lawsuit against the billionaire for his many declared supporters of questionable cryptocurrency projects .
In this complaint filed with the Federal Court of New York, the SEC accuses him of having violated several US laws on securities (securities) . And not just a little! According to the document, McAfee would have hit a hell of a lot of money to promote Initial Coin Offerings (ICO):
“McAfee has received over $ 11.6 million worth of bitcoin (BTC) and ethers (ETH), plus an additional $ 11.5 million from promoted tokens, as undisclosed compensation for its promotions of seven ICOs. ”
The “small” tips McAfee hit to promote shitcoin ICOs
Everything goes there in this document, and when we say everything: even his betting story involving the consumption of his manhood , if the price of Bitcoin did not reach $ 1 million before the end of 2020:
“McAfee made extravagant posts (like tweeting predictions about BTC price increases and promising to ‘eat my [her sex] on national television’ if those predictions didn’t come true) and made interviews about his BTC predictions that generated huge publicity for him. ”
In all, the SEC makes 8 claims for redress against John McAfee, in favor of the investors he has wronged.