John McAfee has been charged with securities fraud over a “pump and dump” cryptocurrency scheme. Federal prosecutors unsealed a case against McAfee and his executive advisor and bodyguard Jimmy Gale Watson Jr., claiming the pair earned nearly $2 million by urging Twitter followers to invest in cryptocurrencies like Reddcoin and Dogecoin, then selling off their own holdings as the price rose.
McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception,” said US Attorney Audrey Strauss in a statement. “The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives.”
The pair allegedly ran their scheme between December 2017 to October 2018. McAfee used his verified Twitter account, which currently has around 1 million followers, to recommend a “Coin of the Day” or “Coin of the Week.” The indictment says McAfee claimed to have no stake in these altcoins; in reality, McAfee would allegedly buy large quantities beforehand using bitcoin, then offload them again after his followers had driven up the price.
McAfee and Watson are facing seven charges, each count carrying between five and 20 years in prison. The criminal charges include wire fraud, conspiracy to commit commodities and securities fraud, and conspiracy to commit money laundering.
https://www.msn.com/en-us/news/techn...me/ar-BB1ehMMX
gosh this sounds so familiar doesn't it lmao
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Results 1 to 21 of 21
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03-05-2021, 10:17 AM #1▇ █ █ ▇ █ █ ▇
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John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme
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03-05-2021, 10:24 AM #2Registered CCP
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oof
*Catholic Crew*
*Community College Master Race*
*5'5 Masterrace*
*Starbucks Crew*
*Buy high, sell low*
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03-05-2021, 10:25 AM #3taking a break
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Whatever is the case, I respect that man so much. John McAfee is the very model of lifemaxxing.
Elongated Muskrat can only dream of being this cool.
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03-05-2021, 10:26 AM #4Registered User
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- Age: 54
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http://dickening.com
He agreed to cut off his dick
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03-05-2021, 10:40 AM #5▇ █ █ ▇ █ █ ▇
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suck his balls while you are at it.Originally Posted by PermaNoob
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03-05-2021, 10:50 AM #6vocaroo.com/18BduFIdv7YR
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Seems like pretty standard coincel investment strategy.
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03-05-2021, 10:51 AM #7
You don't say....
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03-05-2021, 10:54 AM #8Registered User
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- Age: 49
- Posts: 8,077
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Inb4 but crypto MUST be legit. Just look at all the real life 10k CEO's jumping on the train.
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03-05-2021, 10:54 AM #9taking a break
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Maybe I will, *******.Originally Posted by messomi
Especially if it'll give me some of his daring
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03-05-2021, 10:54 AM #10Registered User
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there should be thousands of twitter crypto shills in prison.
FBI better start working harder
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03-05-2021, 11:29 AM #11▇ █ █ ▇ █ █ ▇
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christmas bump
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03-05-2021, 11:30 AM #12Tuna, No Crust
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Has there been a year in the last 15 yrs when McAfee wasn't charged for something? lol
also since when are cryptos considered as securities?Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
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03-05-2021, 11:47 AM #13Registered User
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LMFAO at no coinees ITT. McAfee is anti-establishment so he's being punished, thats all it is. CNBC does this basically everyday but they're not going to jail.
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03-05-2021, 11:54 AM #14Pretty Nice Guy
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He's a murderer. Watch the documentary on him from a few years back with interviews from his old employees. He is a terrible human being that has people executed. Fuk McAfee.Originally Posted by PermaNoob
BORN: 6/15/2006 DIED: 5/31/2021
I'll misc you, brahs!
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03-05-2021, 11:55 AM #15mreatassbtchslapr
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Well as long as the little guy came out the other side so little any more.
Formerly HandBrah, LipBrah & FootBrah
they call me Don Taters
NYM
<3 Miami Dolphins
WE GONNA WIN THE FUKING SUPERBOWL SOON BAYBEH
Hala Madrid
££££££sports betting crew££££££
This is all OJ's fault
Ass cheeks are the titties of the ass
First I romance the pie maker, then I romance the pie
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03-05-2021, 11:59 AM #16Registered User
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I think at one point John was also selling endorsements for ****coins too.
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03-05-2021, 12:04 PM #17
I feel like they're trying to legitimize altcoins as a reason to just go after social and political dissenters lol.
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03-05-2021, 12:04 PM #18taking a break
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He was going to be assassinated, so he took care of things first.Originally Posted by PassiveLearner
It's a doggy dog world out there
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03-05-2021, 12:05 PM #19Pretty Nice Guy
- Join Date: Oct 2019
- Posts: 2,361
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Honk Honk!Originally Posted by PermaNoob
BORN: 6/15/2006 DIED: 5/31/2021
I'll misc you, brahs!
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03-05-2021, 12:08 PM #20Banned
- Join Date: Aug 2019
- Age: 54
- Posts: 2,686
- Rep Power: 0
They'll be out in five
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03-05-2021, 12:10 PM #21Registered User
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- Age: 35
- Posts: 824
- Rep Power: 13656
he eats chit
seriously
google it
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