John McAfee was arrested for tax evasion and crypto ICO fraud

Former founder of cybersecurity software and crypto trader John McAfee has just been arrested in Spain and is facing an extradition order back to the US with allegations of tax evasion and fraud. .

Earlier, the US Securities and Exchange Commission accused McAfee of having received around $ 23.1 million in cryptocurrencies for promoting several ICO token sales without saying it was paid to do so.

The commission had a lengthy investigation into allegedly fraudulent activity by McAfee while promoting a number of ICOs in 2017 and 2018. The investigation revealed that the businessman had received more. $ 11.6 million in cryptocurrencies BTC and ETH when promoting 7 ICOs. In addition, McAfee also received $ 11.5 million in tokens in the tokens he participated in promoting. However, the SEC report did not name the cryptocurrencies that paid McAfee.

In addition, the US Department of Justice DOJ also accused a number of tax evasion charges against McAfee, saying he “deliberately evaded” federal income tax payments.

In its brief notice of the arrest and sealing of documents under the indictment, the Department of Justice specifically announced that the allegation was exclusive to McAfee and it was not found to have any contact with ” the anti-virus company is named after him. ”

Out of these 10 crimes against the businessman, McAfee faces 5 crimes of tax evasion, each with up to 5 years in prison. Besides, there are 5 crimes of “intentionally not filing a tax”, each offense is fined up to one year in prison.

Refer to TechCrunch