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Software mogul John McAfee charged with cryptocurrency fraud

Software mogul John McAfee charged with cryptocurrency fraud

Business
March 5 (UPI) -- Federal prosecutors have charged antivirus software mogul John McAfee and an adviser with conspiracy to commit fraud, among other crimes, in a scheme involving cryptocurrency investments, authorities said Friday. The founder of the McAfee antivirus software company and associate Jimmy Gale Watson have been charged with conspiracy to commit securities fraud, wire fraud conspiracy and money laundering conspiracy. Advertisement Officials said the charges relate to two plots to fraudulently promote cryptocurrencies qualifying under federal law as commodities or securities. Authorities said agents arrested McAfee in Spain and Watson in Texas. Their arrests were announced Friday after indictments were unsealed in U.S. District Court in New York. "As alleged, McAfee and Watson ...
John McAfee charged with fraud over cryptocurrency

John McAfee charged with fraud over cryptocurrency

Technology
ReutersBusinessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering.Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices.The currencies were then allegedly sold, making the pair $ 13m (£9.4m), prosecutors said.The men have not commented on the charges.Mr McAfee, 75, is currently being detained in Spain in relation to separate criminal charges relating to tax, which he denies. He faces possible extradition to the US.The strange life of John McAfeeThe latest charges were filed in the Manhattan federal court in New York. The pair are accused of buying the cryptocurrency assets before promoting them on Twitter, whe...
Anti-virus software creator John McAfee ‘detained at airport’ over fraud charges

Anti-virus software creator John McAfee ‘detained at airport’ over fraud charges

Technology
Anti-virus software creator John McAfee has been detained at a Spanish airport after being indicted in the US on fraud charges, according to the Reuters news agency.McAfee, who designed software of the same name, was reportedly arrested in Barcelona on Saturday while boarding a flight to Istanbul using a British passport. Reuters says he has now been moved to Madrid, where he will face an extradition process to the US. Image: McAfee is behind the anti-virus software of the same name Prosecutors in the US have unsealed an indictment against the software mogul over charges that he wilfully failed to file tax returns, and that he evaded taxes.McAfee, 75, is a famous libertarian who believes that tax is wrong and has in the past boasted o...
Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion

Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion

Finance
Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company's 2016 $ 4.2 billion valuation, according to people familiar with the matter. Talks may still fall apart and a deal announcement isn't expected soon, said the people, who asked not to be named because the discussions are private. McAfee, founded by John McAfee in 1987, historically developed cybersecurity software for personal computers and servers, protecting users from malware and other viruses. This type of computer security prevented attacks on personal devices. ...