Tuesday, November 30, 2021

John McAfee’s bodyguard pleads not guilty to role in crypto scams worth $13m

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A former navy seal and bodyguard to the banged-up overseas McAfee antivirus software program founder, John McAfee, has pleaded not responsible to prices alleging he was concerned in two wholesale crypto scams that duped buyers out of roughly $13 million.

Jimmy Gale Watson Jr, the previous govt advisor of the “McAfee Team” — a web site providing crypto ideas endorsed by John McAfee, was arrested in Texas on March 4. Watson faces prices of allegedly defrauding buyers by way of cryptocurrency scams, cash laundering, wire fraud, and conspiracy to commit commodities and securities fraud.

In a March 5 indictment, Manhattan U.S. Lawyer Audrey Strauss asserted:

“McAfee, Watson, and different members of McAfee’s cryptocurrency group allegedly raked in additional than $13 million from buyers they victimized with their fraudulent schemes.”

John McAfee is at present in jail in Spain, the place he was arrested for tax evasion in October 2020. The U.S. authorities is at present looking for McAfee’s extradition so he can face a litany of charges together with failing to submit tax returns for 2014 to 2018 whereas incomes millions from “selling cryptocurrencies, consulting work, talking engagements, and promoting the rights to his life story for a documentary.”

Watson is accused of being concerned in a collection of altcoin “pump and dump” schemes throughout 2017 and early 2018. The indictment claims The McAfee Crew bought giant sums of altcoins at low worth factors earlier than endorsing them publicly to McAfee’s a whole lot of hundreds of Twitter with deceptive info. As soon as retail buyers had pushed costs up in response to McAfee’s tweets, the group would then secretively dump the cash.

McAfee lately bragged on Twitter that Dogecoin was one of many altcoins he had publicly endorsed.

The pair are additionally accused of publicly touting preliminary coin choices by way of McAfee’s Twitter account whereas “concealing that the ICO issuers had been compensating McAfee and his group for his promotional tweets with a considerable portion of the funds raised from ICO buyers.”