Cryptocurrency junkies must be well aware of the
name John McAfee, who earned a windfall selling cybersecurity software and
has become a cryptocurrency preacher in recent years.
He has been indicted on tax evasion charges by
the DOJ (Department of Justice) and arrested in Spain.
McAfee has always been in a controversial relationship with
the law for years; though, sometimes, it was difficult to understand which
run-ins were real or what had been fabricated.
Previously, he had been a 2020 US
Presidential candidate – Libertarian party (yes, we’re not kidding!), he
said that he ran a campaign while being in exile and he got charged with
“using CryptoCurrencies in criminal acts against the Government of the United States.” in
In a video statement, he claimed that he hasn’t
paid taxes in almost eight years. He also said that the CIA tried to arrest him
for a tweet, he posted in July 2019 with a picture in which he was holding a gun on a boat, part of a weird adventure which resulted in his arrest and then release in the
According to an indictment came out today, he was
accused of avoiding taxes through several means, involving the purchase of
properties on different persons’ names, submitting payments to cryptocurrency accounts, bank accounts, real estate, a yacht, and some other anonymous type of
vehicles that aren’t owned by his name.
He was also indicted for failing to file
tax returns willfully in between 2014 – 2018. If proven guilty, McAfee will face
imprisonment for five years for the tax evasion’s five counts – one
year in prison for each of the five times, he failed to file for tax returns.
The Securities and Exchange Commission has also
sued him for not revealing that he is a paid evangelist for promoting ICOs (initial coin offerings) on Twitter from 2018 December to January 2019, despite
allegedly earning in excess of $23 million in the cryptocurrency Ether and Bitcoin with the job.