McAfee founder John McAfee arrested on suspicion of tax evasion
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John McAfee, known as the founder of security company McAfee , has been arrested in Spain on suspicion of tax evasion.
John McAfee Indicted for Tax Evasion | OPA | Department of Justice
https://www.justice.gov/opa/pr/john-mcafee-indicted-tax-evasion
SEC.gov | SEC Charges John McAfee With Fraudulently Touting ICOs
https://www.sec.gov/news/press-release/2020-246
John McAfee Arrested in Spain on US Criminal Charges --CoinDesk
https://www.coindesk.com/sec-alleges-john-mcafee-pumped-tokens-for-profit
Local time On October 5, 2020, Spanish police arrested McAfee.
The alleged arrest is tax evasion on the millions of dollars earned from cryptocurrency advertising, job consulting, lectures, and documentary film rights sales. McAfee intentionally evades taxes by instructing him to transfer his income to another person's bank account or cryptocurrency exchange account, or by purchasing assets such as real estate, vehicles, and yachts under another person's name. Is believed to have been repeated.
Also, on the same day as the announcement by the Justice Ministry, the US Securities and Exchange Commission (SEC) will issue its own electronic currency (token) to procure legal tender and cryptocurrency from the public
McAfee tweeted on Twitter that he had 'personally used' a total of seven ICOs, but said, 'This is not a promotional act and I have not received any compensation.' However, according to a SEC survey, McAfee actually has $ 11.6 million worth of Bitcoin and Ethereum from the seven companies that advertised the ICO, and $ 11.5 million. He said he had received a considerable amount of tokens. A promotion under the US Federal Securities and Exchange Law that states that 'a celebrity or other individual promoting a cryptocurrency or token that is a securities must disclose the nature, scope, and amount of compensation received in exchange for the promotion.' Because McAfee's actions conflict with the ban, the SEC requires civil penalties in addition to the return of fraudulently earned profits.
McAfee is waiting to be handed over to the United States. The Justice Department states that if McAfee is convicted, it will be sentenced to up to five years in prison for tax evasion and up to one year for breach of tax obligations, for a total of six years in prison.
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