John McAfee’s, cyber security entrepreneur and crypto personality The rampage may come to an end after he was arrested in Spain today and now faces extradition to the United States on charges spanning tax evasion and fraud.
The SEC accuses McAfee of being paid more than $ 23.1 million in cryptocurrencies for promoting a series of ICO token sales without disclosing that he was paid to do so. In addition, the Justice Department has imposed a series of tax evasion charges against McAfee, claiming it “intentionally tried to evade” the payment of income taxes owed to the federal government.
In a short announcement announcing the arrest and unsealing of the indictment documents, the DOJ also states that the allegations are limited to McAfee and that they have found no connection with the “antivirus company that bears his name”
The DOJ allegations against McAfee are a bit dry, but Detail 10 counts against the entrepreneur. McAfee was faced with five counts of tax evasion, each carrying a maximum sentence of five years in prison, as well as five counts of “willful failure to file a tax return,” each with a maximum sentence of one year in prison.
The SEC filing is a much more interesting read, with 55 pages detailing a lengthy investigation into McAfee’s alleged fraudulent activity promoting a number of ICOs during 2017 and 2018. The report specifically notes that McAfee would have received more than $. 11.6 million BTC and ETH tokens to promote seven ICOs. Unfortunately, those offers were not named in the lawsuit. He also received $ 11.5 million in promoted tokens, the cause claims.
We contacted John McAfee for a comment.