John McAfee Arrested In Spain

 

John McAfee

John McAfee, who has unsuccessfully sought the Libertarian Party presidential nomination, has been arrested in Spain on allegations of tax evasion, according to the Department of Justice. 

The DOJ announcement comes the same day that the Securities and Exchange Commission sued McAfee for allegedly pumping initial coin offerings (ICOs) without disclosing he was being paid to do so.

In total, McAfee raised $23.2 million for himself via at least seven ICOs from projects which raised a cumulative total of $41 million.

“McAfee's extravagant posts (such as tweeting predictions about BTC price increases and promising to 'eat my d**k on national television' if such predictions did not pan out) … generated an enormous amount of publicity,” the SEC said in its complaint.

Bottom line: McAfee is alleged to have run pump and dump schemes.

-RW