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June 29, 2021 05:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ldSMxUFX_s4/john-mcafees-death-complicates-us-efforts-to-seize-his-assets
John McAfee's Death Complicates US Efforts To Seize His Assets
John McAfee's death last week in a Spanish prison complicates the U.S. government's intent to recover millions of dollars it says the software tycoon owed in taxes and allegedly ill-gotten gains from promoting cryptocurrencies. From a report: McAfee, who decades ago founded the anti-virus company that bears his name, was found dead in his cell just hours after Spanish courts approved his extradition to the U.S. to face charges of tax evasion. U.S. prosecutors accused McAfee of not filing tax returns from 2014 to 2018 even as he earned millions from "promoting cryptocurrencies, consulting work, speaking engagements and selling the rights to his life story for a documentary," according to an indictment last June in a U.S. court in Tennessee, where he once lived. Spanish court documents released last week alleged he owed the U.S. government more than $4.2 million in taxes. Separately, the U.S. Securities and Exchange Commission claimed McAfee promoted investments in initial coin offerings without disclosing he was paid more than $23 million to do so. The U.S. Department of Justice has a similar case against him. According to the indictment, McAfee managed to avoid paying taxes by routing his payments through bank accounts and cryptocurrency accounts set up in other people's names and hiding assets like real estate, a vehicle and a yacht also under the names of others. Such a complex money trail could keep lawyers busy for years.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ldSMxUFX_s4/john-mcafees-death-complicates-us-efforts-to-seize-his-assets
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