{"id":29655,"date":"2020-10-06T00:01:45","date_gmt":"2020-10-05T21:01:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29655"},"modified":"2025-08-27T18:14:02","modified_gmt":"2025-08-27T15:14:02","slug":"sec-files-suit-against-john-mcafee-he-has-been-arrested","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-files-suit-against-john-mcafee-he-has-been-arrested\/","title":{"rendered":"SEC files suit against John McAfee; he has been arrested"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has filed suit against entrepreneur John McAfee for promoting ICO projects on Twitter, and the U.S. Department of Justice has brought charges of tax evasion. McAfee has already been arrested in Spain, and faces extradition.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">SEC charges John McAfee with fraudulently touting ICOs <a href=\"https:\/\/t.co\/2oUnozOZwS\">https:\/\/t.co\/2oUnozOZwS<\/a><\/p>\n<p>\u2014 SEC_News (@SEC_News) <a href=\"https:\/\/twitter.com\/SEC_News\/status\/1313231023346507776?ref_src=twsrc%5Etfw\">October 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The SEC contends that McAfee earned more than $23.1 million from promotions of at least seven token sales, in which &#8220;digital securities&#8221; were sold. In the plaintiff&#8217;s view, McAfee&#8217;s claims misled investors.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">what a prince <a href=\"https:\/\/t.co\/xO4ZqW4RaT\">pic.twitter.com\/xO4ZqW4RaT<\/a><\/p>\n<p>\u2014 Palley (@stephendpalley) <a href=\"https:\/\/twitter.com\/stephendpalley\/status\/1313216925674229761?ref_src=twsrc%5Etfw\">October 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The entrepreneur, the SEC notes, did not publicly disclose that he was being compensated by issuers, lied about the extent of his involvement in the projects, and engaged in unscrupulous trading by selling assets after heavy promotion.<\/p>\n<p>The agency also drew attention to McAfee&#8217;s controversial pledge involving his genitalia and the price of Bitcoin.<\/p>\n<div id=\"attachment_112263\" style=\"width: 847px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-112263\" class=\"wp-image-112263 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Ejl3apgXcAETduf.png\" alt=\"SEC \u043f\u043e\u0434\u0430\u043b\u0430 \u0432 \u0441\u0443\u0434 \u043d\u0430 \u0414\u0436\u043e\u043d\u0430 \u041c\u0430\u043a\u0430\u0444\u0438. \u0415\u0433\u043e \u0443\u0436\u0435 \u0430\u0440\u0435\u0441\u0442\u043e\u0432\u0430\u043b\u0438\" width=\"837\" height=\"260\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Ejl3apgXcAETduf.png 837w, https:\/\/u1f987.com\/wp-content\/uploads\/Ejl3apgXcAETduf-300x93.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Ejl3apgXcAETduf-768x239.png 768w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\" \/><\/p>\n<p id=\"caption-attachment-112263\" class=\"wp-caption-text\">Source: CourtListener.<\/p>\n<\/div>\n<p>The second defendant in the case is Jimmy Gael Watson Jr., McAfee&#8217;s bodyguard.<\/p>\n<p>The SEC <a href=\"https:\/\/www.courtlistener.com\/docket\/18506139\/1\/securities-and-exchange-commission-v-mcafee\/\" target=\"_blank\" rel=\"noopener noreferrer\">seeks<\/a> to have McAfee return the ill-gotten gains, imposes penalties, and a ban on participating in the sale of digital securities. The case will be heard in the Southern District of New York.<\/p>\n<p>For each of the five counts of evasion listed in the Justice Department indictment, he faces up to five years in prison.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">John McAfee Indicted for Tax Evasion \u2014 Allegedly Hid Cryptocurrency, a Yacht, Real Estate and Other Properties in Nominee Names to Evade Taxes<a href=\"https:\/\/t.co\/6hcFNmLhBW\">https:\/\/t.co\/6hcFNmLhBW<\/a><\/p>\n<p>\u2014 Justice Department (@TheJusticeDept) <a href=\"https:\/\/twitter.com\/TheJusticeDept\/status\/1313231036294279170?ref_src=twsrc%5Etfw\">October 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In June 2018, the entrepreneur pledged not to promote ICOs because of &#8220;SEC threats.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"vbfnNeQ57e\">\n<p>John McAfee: I will no longer promote ICOs<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cJohn McAfee: I will no longer promote ICOs\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/news\/dzhon-makafi-ya-bolshe-ne-stanu-zanimatsya-prodvizheniem-ico\/embed#?secret=1OsRf7ksIo#?secret=vbfnNeQ57e\" data-secret=\"vbfnNeQ57e\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Last week the U.S. Department of Justice charged the BitMEX founders with violations of the Bank Secrecy Act. One of them, Samuel Reed, has already been arrested.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC filed suit against entrepreneur John McAfee for promoting ICO projects on Twitter, and the DOJ charged him with tax evasion. McAfee has already been arrested in Spain and faces extradition.<\/p>\n","protected":false},"author":1,"featured_media":29656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,944,128],"class_list":["post-29655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-john-mcafee","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29655"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29655\/revisions"}],"predecessor-version":[{"id":29657,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29655\/revisions\/29657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29656"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}