US Says John McAfee Indicted Over Fraudulent Cryptocurrency Schemes

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    John McAfee, creator of the eponymous anti-virus software, has been indicted in Manhattan federal court on fraud and money laundering conspiracy crimes, stemming from two schemes concerning the fraudulent promotion to investors of cryptocurrencies, officials said on Friday. From a report: McAfee and his bodyguard Jimmy Gale Watson Jr were charged for a scheme to exploit McAfee’s large Twitter following by publicly touting cryptocurrency offerings and digital tokens that they later sold once prices rose on the promotions, according to the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission. McAfee is being detained in Spain on separate criminal charges filed by the Justice Department’s tax division, the department said. Watson, an executive adviser of McAfee’s so-called cryptocurrency team, was arrested on Thursday night, the Justice Department said. Read more of this story at Slashdot.

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