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March 5, 2021 05:38 pm
Original Link: https://www.theverge.com/2021/3/5/22315494/john-mcafee-fraud-securities-scheme-charges-cryptocurrency
John McAfee charged with securities fraud for pump and dump cryptocurrency scheme
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...
Original Link: https://www.theverge.com/2021/3/5/22315494/john-mcafee-fraud-securities-scheme-charges-cryptocurrency
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