Audrey Strauss, Bitcoin, Charges, Crypto Schemes, Cryptocurrencies, Cryptocurrency, department of justice, Digital Assets, DOJ, FBI, Federal Attorney, indictment, Janice McAfee, Jimmy Watson, John McAfee, John McAfee Team, news, U.S. prosecutors, US Law Enforcement

Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud.

John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes

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.

Audrey Strauss, Bitcoin, Charges, Crypto Schemes, Cryptocurrencies, Cryptocurrency, department of justice, Digital Assets, DOJ, FBI, Federal Attorney, indictment, Janice McAfee, Jimmy Watson, John McAfee, John McAfee Team, news, U.S. prosecutors, US Law Enforcement

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.

Last Friday, Janice McAfee (John’s wife) was requesting legal assistance from a lawyer from Tennessee. One that can work with her husband’s Spanish lawyers and they need to have a strong understanding of cryptocurrency, she said. But this was seven days before John’s indictment on Friday, and she hasn’t spoken on the indictment formally on social media. Federal prosecutors say that John McAfee leveraged his social media presence to engage in “age-old pump-and-dump schemes.â€

US Prosecutors Discuss McAfee ‘Tweeting to Hundreds of Thousands of His Twitter Followers’

Manhattan U.S. Attorney Audrey Strauss discussed how McAfee’s Twitter account held a strong amount of evidence.

“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. “The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives,†she added.

Strauss and U.S. prosecutors claim the ostensible McAfee team allegedly took in over $13 million from investors. “Investors should be wary of social media endorsements of investment opportunities,†Strauss warned during the announcement.

After the DoJ published the indictment against Watson and McAfee, the news went viral on social media. “John McAfee did nothing wrong,†one person tweeted on Friday evening. Others jokingly discussed McAfee’s famous million-dollar BTC bet he had going for a while.

“We were promised something John Mcafee never delivered,†one person teasingly tweeted sharing screenshots of McAfee’s humorous wager. The charges against McAfee and Watson derive from investigations that took place in 2017 during the crypto bull run and expanded in 2018 prosecutors note.

What do you think about the U.S. indictment against Watson and McAfee? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that […]

Xem chi tiết: Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC

Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is first to leverage the multi-chain protocol in […]

Xem chi tiết: Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC

South African Crypto Platform Revix Raises $4.1 Million

The South African cryptocurrency investment platform, Revix, has reportedly raised about $4.1 million from its latest capital raise round. According to the firm, part of the raised capital will be used “to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities.†Furthermore, Revix says it also plans to use part of […]

Xem chi tiết: South African Crypto Platform Revix Raises $4.1 Million

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]

Xem chi tiết: Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central Bank-Issued Digital Currency Central bank digital currencies (CBDCs) have been popping […]

Xem chi tiết: Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition […]

Xem chi tiết: Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s […]

Xem chi tiết: Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine purchases. Wine Shop Acker Jumps Into the Crypto […]

Xem chi tiết: 200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation

Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon

Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press Foundation

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Federal Reserve Chairman Jerome Powell Says Cryptocurrencies Are ‘Vehicles for Speculation’

Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Other Articles