John McAfee may receive 100 years in prison
The founding father of one of the largest McAfee antiviruses, John McAfee, is accused of the largest financial fraud. The US Securities Commission is indicting 7 counts. The criminal case contains charges of money laundering, as well as artificially inflating the value of certain digital assets. According to human rights activists and government officials, the government may carry out the sentence and appoint John McAfee up to 100 years in prison. Next, we will tell you what is known about the most high-profile trial of 2021 and how it relates to digital assets. So let’s get started.
What is known at the moment
First, we recall that the proceedings between the founder of the McAfee antivirus and the US government began a long time ago. It is not yet known from what period the programmer and entrepreneur was closely monitored, but already in October last year, McAfee was detained in Spain. At the moment, negotiations between the United States and Spain are over, so John will be extradited back home. To the United States. Where he will be sentenced in a case of financial fraud.
A total of 7 charges have been brought forward. The first is to artificially increase the value of digital assets. According to government officials, McAfee used his own social media to promote specific projects. There was an increase in value, and the programmer’s team sold the pre-purchased assets. Thus, it turned out to speculate on the growth in value and independently influence the rate of the assets of interest. Taxes were not paid on these transactions, which was the reason for the initiation of a criminal case. According to the most conservative estimates, this scheme brought in at least $ 2 million.
The second charge is the promotion of ICOs without mentioning the commercial basis for such cooperation. McAfee advised projects that allegedly interested him and responded to his requests from the cryptoindustry. But in reality, according to the prosecution, the event was held only to get a quick profit from its own audience. Such machinations, according to the US Securities Commission, brought the programmer $ 11 million.
What’s in store for McAfee?
If the court finds John guilty on all seven counts of tax evasion and money laundering, the maximum sentence could be 100 years. Recall that McAfee is now 75. This is an elderly and incredibly respected man, who, however, will be brought before the law. McAfee previously spoke of his intentions to fight for justice to the end. The creator of the antivirus does not admit the charges. McAfee believes that all the imputed claims are absurd and have no legal basis. However, despite this, the court of the Southern District of New York is already scheduled to consider this criminal case.
Together with McAfee, the executive advisor to McAfee’s cryptocurrency team will be summoned to court. Yes, Jimi Gale Watson Jr. is also suspected of collaborating with McAfee and illegal money transactions. However, you shouldn’t expect a maximum term for a 75-year-old businessman. Most likely, McAfee will receive a serious fine and a long prison sentence. Otherwise, the creator of McAfee will not be released from jail.
We sincerely hope that justice will prevail, and we have no doubt that the American judicial system will be able to impartially evaluate McAfee’s actions. If his guilt is proven, the businessman will be in prison for a long time. What do you think about this situation? Stay up to date with all the latest crypto industry news with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!