Famous antivirus tycoon John McAfee: "I have nothing"

John McAfee was convicted in the US for not reporting his cryptocurrency earnings. McAfee is facing extradition to the US after being arrested in Spain in October 2020. The SEC claims that McAfee made $23.1 million from its pump-and-empty projects and investors lost $13 million. The anti-virus boss could face up to 30 years in prison if found guilty of all charges. Digital reputation is a pattern in which a user's actions are influenced based on a person's perceived credibility. Cryptocurrencies have grown with the use of digital technologies like social media and are omnipresent influencers as they serve as marketing fronts for both brands and businesses. Elon Musk proved his ability to influence the crypto markets last year, but John McAfee was the main crypto market influencer of 2017. In October 2020, A Sour Ballad in Barcelona was placed by John McAfee while trying to fly to Istanbul with a British passport. prisoner. The famous tech genius who developed McAfee Antivirus and is valued at more than $100 million is facing tax evasion in the US. The Tennessee tax office has sued McAfee for failing to disclose cryptocurrency revenues while doing its consulting business. An international order requires McAfee to be held in custody pending the completion of the extradition hearing. McAfee reportedly claimed at the hearing that the charges were political and that he would spend the rest of his life behind bars if the "United States" wanted to "use him as an example". US tax authorities have clarified that McAfee does not report more than just cryptocurrency earnings. In addition to these earnings mentioned, he did not report other revenue streams such as paid crypto promotion and selling the rights to his personal documentary. Spanish prosecutor Carlos Bautista insisted that the defendant was simply a "tax rebel, nothing".

Join the Discussion

  • BrokerEUR/USD
    Core Spreads 0.6pips (variable) margin: 3.33%
    ETX Capital 0.6pips (variable) margin: 3.33%
  • Back to top