Antivirus software pioneer McAfee charged with fraud

Last Friday, the U.S. Justice Department reported that John McAfee, the famous antivirus software pioneer, has been charged for fraud and money-laundering conspiracy from two cryptocurrency schemes.

Indeed, McAfee and his bodyguard, Jimmy Gale Watson Jr., have been accused of exploiting McAfee’s Twitter following in order to artificially inflate prices of “altcoins” through a ‘pump-and-dump’ scheme as well as of hiding payments from startup businesses. Hence, it was stated that McAfee had collected more than $13 million from the schemes.

McAfee is currently detained in Spain after being arrested in October for tax evasion while his bodyguard Watson was arrested earlier last week in Texas. They will both face civil charges by the U.S. Securities and Exchange Commission.