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John McAfee accused of fraud with cryptocurrencies, faces 100 years in prison

John McAfee joined the “dark side of the Force.” Recently, he is far from being known as a fighter against computer viruses, but mainly because of cryptocurrencies and allegations of fraud with them. He was in October arrested in Spain for tax evasion from 2014-2018 (McAfee declares taxes illegal), and is threatened with extradition to the United States, where he has now been charged with several different frauds. There are a total of 7 charges, which can bring him 5-20 years in prison on his own, and when all the sentences are added up, it could be up to about 100 years behind bars. Even if he was convicted of only some of them and not in full, at the age of 75 he would probably never look at freedom again.

Jimmy Gale Watson Jr. is also accused along with McAfe. Both bought cryptocurrencies at lower prices, after which McAfee began promoting them on his Twitter and encouraging others to invest in them (remember, he has a million followers on Twitter). Unsurprisingly, the price jumped up and the pair quickly sold them. This applied, for example, to Dogecoin, which was recently helped to a much higher value by Twitter by Elon Musk. In this way, McAfee and his companion were to come up with USD 2 million and another USD 11 million were to be obtained by contracted promotion of cryptocurrencies of various more or less dubious startups.

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