Tech

John McAfee Arrested in Spain

It was reported that John McAfee was arrested in Spain. The arrest following a lawsuit filed by the US Securities and Exchange Commission seems to put McAfee in trouble. Because McAfee could face up to 30 years in prison for the charges.

One of the important names of both software and crypto money industry John mcafeereportedly arrested in Spain. Claim of arrest following a lawsuit filed by the US Securities and Exchange Commission (SEC) against McAfee, 74 year old for the popular name, it indicates that a difficult process has begun. Because the claims about McAfee are extremely serious.

According to the information obtained, the SEC with tax evasion and fraud blames. Although he disguised this by taking money from some cryptocurrency makers, encouraging investors to include them in their ICO programs. $ 23.1 million It is stated that McAfee, who was accused of failing to pay crypto money, did not pay income taxes and deliberately avoided paying.

John mcafee

According to the indictment prepared by the SEC, John McAfee between 2017 and 2018 7 different ICO events participating. It is stated that McAfee, who is said to receive $ 11.6 million worth of Bitcoin and Ethereum as part of these events, received an additional $ 11.5 million.

When we look at the details of the tax evasion claims against McAfee, we encounter very serious accusations. According to the SEC’s claims, McAfee was 5 times tried to evade taxes which means a maximum of 5 years in prison each. It is also stated that he did not report his tax return correctly on 5 times. The penalty for this crime is 1 year each time. This is McAfee’s Around 30 years It means he could be sentenced to prison.

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Source :
https://techcrunch.com/2020/10/05/john-mcafee-arrested-after-doj-indicts-crypto-millionaire-for-tax-evasion/