John McAfee, who constructed a fortune promoting cybersecurity software program and has in current years turn into a cryptocurrency evangelist, has been indicted on costs of tax evasion by the Department of Justice (DOJ). He has been arrested in Spain and is awaiting extradition, the DOJ mentioned.
McAfee has had a contentious affiliation with the legislation for years, although it’s at occasions unclear which run-ins are actual and what has been fabricated. A former 2020 US Presidential candidate for the Libertarian Party (sure, actually), he claimed that the marketing campaign was “in exile” after he was charged with “using Crypto Cuttencies [sic] in criminal acts against the U. S. Government” in January 2019. In that very same video, he mentioned he hasn’t paid taxes in eight years. (That will matter later.) He additionally claimed the CIA had “attempted to collect us” in a July 2019 tweet with a photograph of him on a ship holding a gun, a part of an journey that ended in his arrest and launch in the Dominican Republic.
The full indictment launched at this time (PDF) alleges that McAfee dodged taxes by means of numerous means, together with utilizing different individuals’s names — directing funds in the direction of financial institution accounts, cryptocurrency accounts, actual property, a yacht, and one other unnamed sort of car, none of which have been in his personal identify. McAfee is additionally being indicted for willfully failing to file tax returns from 2014 by means of 2018. If convicted, McAfee faces as much as 5 years in jail for every of the 5 counts of tax evasion, and as much as one 12 months in jail for every of the 5 counts of failing to file a tax return.
The Securities and Exchange Commission has additionally sued McAfee for not disclosing that he was paid to advertise preliminary coin choices (ICOs) on Twitter from December 2018 to January 2018, regardless of allegedly being paid greater than $23 million in Bitcoin and the cryptocurrency Ether to take action. (McAfee would later put a public value on his promotions of $105,000 per tweet.) McAfee’s bodyguard was additionally charged for his participation in the scheme. You can learn a PDF of the SEC’s full grievance right here.
McAfee was additionally the main target of a 2016 Showtime documentary that advised he paid a hitman to kill a neighbor whereas he lived in Belize in November 2012. You can learn The Verge’s tales about that occasion right here. And Intel, which briefly owned the McAfee cybersecurity firm, mentioned it will section out the McAfee model due to the associations with John McAfee in 2014. The firm was finally spun again out of Intel as McAfee in 2017.