John McAfee arrested after DOJ indicts crypto millionaire for tax evasion https://techcrunch.com/2020/10/05/j...j-indicts-crypto-millionaire-for-tax-evasion/ Cybersecurity entrepreneur and crypto personality John McAfee’s wild ride could be coming to an end after he was arrested in Spain today, and now faces extradition to the U.S. over charges spanning tax evasion and fraud. The SEC accuses McAfee of being paid more than $23.1 million worth of cryptocurrency assets for promoting a number of ICO token sales without disclosing that he was being paid to do so. Furthermore the DOJ has levied a number of counts of tax evasion against McAfee, saying that he “willfully attempted to evade” payment of income taxes owed to the federal government. In a brief announcing the arrest and unsealing of indictment documents, the DOJ also details that the charges are confined to McAfee the individual and that they did not find any connection with the “anti-virus company bearing his name.” The DOJ’s charges against McAfee are a bit dry, but detail 10 counts against the entrepreneur. McAfee faced five counts of tax evasion, which each carry a maximum penalty of five years in prison, as well as five counts of “willful failure to file a tax return,” each carrying a maximum penalty 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 throughout 2017 and 2018. The report specifically notes that McAfee allegedly received more than $11.6 million worth of BTC and ETH tokens for promoting seven ICOs. Unfortunately, those offerings were not named in the suit. He additionally received $11.5 million worth of the promoted tokens, the suit alleges. We have reached out to John McAfee for comment.
Free government housing AND mental care. These millionaires are really using the system to its fullest.
Yes and I'm surprised he has been on the run for this long. The IRS and SEC couldn't wait to get their hands on him. And if you ever listen to his speeches he goes into detail on how to avoid taxes using crypto. He's a very smart man even though he acted like a freaking nut, but it was only a matter of time before this happened.
You made me curious, so I looked him up. He has been fighting the courts and extradiction. Still living in NZ. Look up his tweeter account for more. He still have a net worth of 200MM or so... " including the most recent decision to keep their lawsuits on hold until at least April next year. So, I guess, see you next April when the courts push everything back another six months." https://completemusicupdate.com/art...ries-megaupload-lawsuits-postponed-yet-again/
Good. Now the DOJ just need to enforce those same laws against Apple and other multinational corporations that evade taxes overseas.
http://www.kim.com/ His fight still continues, the US could not catch him yet. https://completemusicupdate.com/art...e-against-him-in-megaupload-extradition-case/