The authorized tussle between the U.S. authorities and John McAfee continues as his affiliate Jimmy Watson has entered a plea. The previous antivirus tycoon’s bodyguard has pleaded not responsible to the alleged cryptocurrency fraud case.
McAfee and Watson Jr. Are Accused of Having Constructed a ‘Pump and Dump’ Scheme
In response to courtroom paperwork, Jimmy Gale Watson Jr. entered his plea earlier than the Justice of the Peace Choose Kevin Fox on the Southern District of New York.
Watson Jr., a former navy seal, was arrested in Texas early this month, because the authorities indicted him with a number of costs that embody cash laundering and securities fraud. Legislation enforcement acknowledged each McAfee and Watson allegedly “raked in additional than $13 million” from crypto buyers.
The private bodyguard of McAfee ostensibly served as an “govt adviser” of the “McAfee Staff,” which was the web site constructed to supply ideas focused to crypto merchants, allegedly endorsed by the controversial tech entrepreneur.
The DoJ announcement revealed on March 5, 2021, detailed the fees filed towards each people:
Conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and cash laundering conspiracy offenses stemming from two schemes regarding the fraudulent promotion to buyers of cryptocurrencies qualifying below federal regulation as commodities or securities.
Furthermore, per the U.S. authorities, each McAfee and Watson Jr. allegedly used McAfee’s private Twitter to endorse digital property to spice up their costs earlier than promoting them and making the most of the “pump and dump” maneuver.
US Govt Is Engaged on Getting McAfee Extradited From Spain
At present, McAfee is jailed in Spain, because the Spanish authorities arrested him for separate tax evasion costs.
As the previous antivirus tycoon is pending to face authorized troubles in North America, the U.S. authorities is engaged on extraditing him, as he allegedly did not file tax returns.
If convicted within the context of such costs, McAfee may spend over 5 years in jail. Additionally, the extravagant tech character can also be going through authorized troubles with the Commodity Futures Buying and selling Fee (CFTC), which introduced separate costs towards him.
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