Tweet to Multi-Million Dollar Crypto Fraud: Welcome to Late Night with John McAfee

Recap of Previous Episodes:

  • 1960s Northeast State Louisiana State College terminated his PhD in mathematics after it was revealed that he had slept with an undergraduate he was mentoring.
  • Later married (to the same undergraduate) McAfee worked with the biggest tech organisations of the time including Nasa, General Electric, Siemens, Univac and Xerox.
  • 1980s His wife left him and Omex let him go over his Severe Drug addiction.
  • Started McAfee Associates and created the McAfee Anti-virus software. Later Sold McAfee Associates to Intel in 2010 for more than $7.6 bn 
  • Moved to the jungle of Belize to explore “bacteria communication” in a biotech venture
  • Belize police force’s Gang Suppression Unit raided the research facility under pretences that it was believed to be a meth lab.
  • At the time of the raid, McAfee had begun an affair with a 16-year-old ex-prostitute he had met on Belize Independence Day and his long-term American girlfriend left him.
  • His new girlfriend tried to shoot McAfee with his licensed gun and missed. Still, the relationship continued.
  • After his neighbour was found dead in a pool shot, McAfee fled, although claiming he wasn’t the one to do it. Also Offered a $25000 bounty for “the actual suspect”, while remaining a person of interest.
  • Returned to the US in an attempt to join the US presidential race twice in 2016 and 2020, failing both times
  • Arrested in Spain last October while facing extradition to the US over tax evasion, failing to file any return from 2014 and 2018.

Today:

John McAfee and his bodyguard have been charged in the US with conspiracy to commit fraud and Money laundering for more than $13 million. Charges were filed in the Manhattan federal court in New York. 

He presented himself as an expert on cybersecurity and cryptocurrency through his tweets, speeches and his role as a CEO of a publicly-traded cryptocurrency company.

Allegedly the pair then used McAfee’s clout and huge Twitter following to inflate cryptocurrencies, in an orchestrated “pump and dump scheme”. They used the social media platform and crypto market boom to instigate enthusiasm among investors to drive up prices of

assets like Verge, Reddcoin and Dogecoin as “Coin of the Day” or “Coin of the Week” at points between December 2017 and February 2018. Thus, creating artificial demand (pump) of cryptocurrencies they had already bought. Then as prices started to rise, they would sell (dump) their holdings in these cryptocurrencies to make enormous amounts of profit.

Both also face civil charges by the US Securities and Exchange Commission for concealing more than $23.1 million McAfee made in payments from cryptocurrency start-ups for promoting their ICOs (the IPOs of cryptocurrencies known as initial coin offerings) on Twitter, payments which were not disclosed to investors who bought them. 

None of the two has commented on the allegations made.

Is this the end of John McAfee? or will he flee and entertain us again with an even better Story? No one knows