March 28, 2024

John McAfee accused of tax evasion with cryptocurrencies

The founder of the antivirus company McAfee detained in Spain, now he must be extradited to the United States.

AuthoritiesThe U.S. has charged The founder of the antivirus company McAfee, John McAfee, with tax evasion.The website of the American Ministry of Justice reports that McAfee was previously detained in Spain, now he facesextradition to the United States.

Besides tax evasion, he alsoaccused of deliberately failing to file tax returns. The indictment alleges that the businessman received millions of dollars in revenue from crypto promotion, consulting work, speaking engagements, and selling his life rights for a documentary.

The US authorities are confident that McAfee shied away frompaying taxes by channeling their income to bank accounts and cryptocurrency exchange accounts of dummies. Also, the programmer hid the presence of some assets. The Justice Department emphasized that this does not apply to the activities of McAfee.

The businessman faces imprisonment for up to5 years for each count of tax evasion and one year for each count of tax failure. McAfee may also be ordered to pay compensation. Its size has not yet been determined.

John McAfee became famous in the field of cryptocurrencyafter he made a bet in the summer of 2017 that by 2020 the price of bitcoin will reach $ 500 thousand.In November of the same year, he raised rates to one million dollars, and later extended the forecast until 2021. The programmer attracted the attention of the community on Twitter, at the moment more than 1 million people have subscribed to him, and hundreds of likes and dozens of comments appear under each post.

In June of this year, the founder of McAfee said,that “only an idiot would believe” that bitcoin could be worth $ 1 million. McAfee called his forecast absurd humor and stressed that BTC is “the poorest cryptocurrency from a technical point of view”.

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