John McAfee Is Indicted for Altcoin Pump-and-Dumps and ICO Schemes

in the evening On December 20, 2017, controversial cybercity pioneer John McAfee tweeted that he was preparing for an educational attack. McAfee wrote, “Starting tomorrow, I will talk about a unique alto each day.” Most of the 2,000 coins are garbage or scams. I have read every white paper. I will tell you what I am connected to. The rest is not my position. ”It is the final that attracted the attention of the Department of Justice.

On Friday, the US Attorney’s Office in the Southern District of New York indicted McAfee and executive assistant Jimmy Watson on several charges involving two alleged cryptocurrency schemes. (According to McAfee was previously charged in October for separate tax evasion charges.) The court The documents, McAfee and their partners made a combined $ 13 million break between the two efforts, both of which relied on using McAfee’s popular Twitter account to push niche cryptocurrencies or initial coin offerings without telling them how to profit. Stood for, either through investment profits or promotional fees. .

Manhattan US Attorney Audrey Strauss said in a press release, “As alleged, McAfee and Watson took advantage of the widespread use of social media platforms and enthusiasm among investors in the emerging cryptocurrency market.” ” “The defendants allegedly used McAfee’s Twitter account to publish messages to thousands of their Twitter followers through various cryptocurrencies through false and misleading statements to conceal their true, self-interested intentions.” “

Pump up you

The supernatural dialogue that McAfee promoted was an alleged leg of that deception. In mid-December 2017, he allegedly directed a colleague, also known as Verge, to buy tokens worth approximately $ 5,000 at XVG. On Twitter the same day, McAfee described XVG — as well as more established tokens such as Monero and Zcash — as a coin that “can’t be lost.” Two days later, when a Twitter user suggested that McAfee had done a “pumping” XVG, artificially inflating its value to sell higher prices, McAfee responded with outrage. “I don’t own any XVG,” he said wrote. “I live [sic] How can you not distinguish shallow people between someone who brazenly speaks their mind – because it is the truth – and anyone with a ulterior motive. You know there’s nothing about me if you think I have time to throw trash. “

XVR gained 500 percent in four days following McAfee’s initial tweet. Prosecutors say that, sold near the top, turned into a $ 30,000 profit.

This success appears to be what McAfee might have called his “Coin of the Week” series. The same day he announced his visit on Twitter to “unique altcoins”, McAfee allegedly instructed a colleague to put $ 100,000 of bitcoins in electronum tokens. On December 21, 2017, he Tweeted A glowing, bulleted report on ETN, claiming that they have more than one DM, calls Electronium the holy grave of cryptocurrency. (Contrary to what McAfee tweeted just a week ago 15 December: “I personally did not find anything about electronum that I would like to talk about. It’s not that it’s bad, just not special to me. “) it again Claimed That he has none.

Electronum jumped 40 percent that day. Prosecutors say McAfee’s accomplice took the cash amount at a profit.

Court documents mention a leather, rinse, a repeat of that original plan played until January 28 of the following year. McAfee will instruct his associate to feature in that week’s featured altcoin before purchasing “thousands of thousands or millions of tokens”. McAfee will erase the properties of BURST, DGB, RDD, HMQ, TRX, FCT, DOGE, XLM, SYS, and RCN. His accomplice, prosecutors say, would close the situation soon after benefiting from a normal collision. In all, he reportedly took $ 2 million from the pump and dump scheme, including hundreds of thousands from Dogcoin alone.

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