Topic: John McAfee charged with fraud over cryptocurrency (Read 740 times)

It happens all the time. You have seen what a single tweet from Elon Musk can do to Dogecoin prices. And also, back in 2017 and 2018, the cryptocurrency market was very immature. Most of the users were in their 20s, and many of them had less than 12 months of experience in dealing with crypto. It was relatively easy to manipulate some of them. And also, McAfee was one of the big names that jumped in to the cryptocurrency bandwagon very early.

There are still people that takes McAfee serious, hah

I guess I just don't get it. Why would anyone invest in anything, never mind something as speculative as crypto based on a tweet or you tube video?
I know some people are going to fall for stuff like that, but enough to make a difference in coin price?

I guess I am going to have to start DaveCoin and hire a promoter for it.
Wait this is the internet, I don't even have to hire them.

He ruined so many lives. Hard working people invested their life savings in various shit projects, just because they trusted this guy. He lied to them repeatedly, saying that most of his wealth is in the form of these shitcoins (which was simply false) and that he was being paid in the form of tokens (once again, not true. He was primarily paid in USD for his promotions, although he received some tokens as well).

It seems like many people are annoyed with John McAfee, because his behavior is very difficult to forgive. Several times he promoted shitcoins
and also often gave wrong predictions, which made many people annoyed with John McAfee. Based on the last article I read John McAfee has been
found guilty of tax evasion, commits money laundering and fraud in cryptocurrency. Right now he should be in prison paying for the mistakes he has
made so far. Hopefully in prison John McAfee can introspect himself with all the crimes he has committed.

I saw his recent tweets, but the last news article related to him is from 6th March and he was jailed at that point. I don't think that he has been freed since then, as the charges are quite serious. But it is very difficult to confirm this, as there has been no news coverage on him for the last one week. Personally I don't think that he has been freed, as it would be impossible to get a bail on such a short duration. I believe someone else is making the tweets on his behalf.

McAfee was being investigated for his wrong doings for quite long time, he knew it and that's why he was on the run, he was a bit of a clown and provoked the US authorities with his comments on Twitter.
He promoted many scam coins like SAFEX and charge money for this, he never warn investors that his advice was paid & he never warn anybody of the consequences of buying such scams.
You can read in the official discussion of SAFEX my post about John Mcafee promoting the SAFEX scam here:
https://bitcointalksearch.org/topic/m.56523912
This video from Vincent Briatore about SAFEX & Mcafee is worth watching it
https://www.youtube.com/watch?v=isDXVPP8c4U

Daniel Dabek is the creator of the scams SAFEX & Dascoin
John Mcafee traveled to Serbia with his wife Janice and meet with SAFEX scam team before he pump & dump it.

John Mcafee wanted SAFEX delisted from exchanges so Daniel Dabek can illegally sell coins directly from his website safex.io

Strange that John Mcafee is not being charged for pumping and dumping SAFEX if that scam is the majority of his holdings.

SAFEX is a SCAM

Daniel Dabek is the person behind SAFEX and this is how his scam works:
He will announce that the SAFEX marketplace will launch soon and set up a date, then his scammers will target people using Twitter and convince them to buy SAFEX, because SAFEX is not listed on exchanges then the scammers will tell them to buy overpriced coins directly from them, they been doing this scam since 2016.

In 2018 they got lucky and got a Canadian lawyer with the name of Stephen Kines to invest $5mil and that is how they founded the exchange Xcalibra with the help of Dascoin and Onecoin scammers.

Emilia Wojciechowicz is Dascoin and Netleaders scammer & also is Daniel Dabek girlfriend, she likes to visit crypto conferences and target high networth individuals using some kind of gold digger scam sometimes posing as member or founder of a fake organization like this time Emilia did an interview claiming to be from the Polish Blockchain Association https://bitcointalksearch.org/topic/m.56218445
They also run meetups in Serbia where they sell SAFEX and Onecoin to new investors.

Thank you very much now I understand what you are talking about, but the VidraVid project looks good. I understand that no one can overtake YouTube, but the project is working and the video is being uploaded.

I thought he had left prison. on March 8, I happened to see a tweet from him that he did on March 7, 2021:

https://twitter.com/officialmcafee/status/1368638038520123392

so is he still in prison in spain?

when you have a big name in a certain industry, whatever words come from your mouth can be a business quote, and influence many people.
you will be targeted because you are a KOL.
Elon with his company bought a huge amount of BTC a few days ago. he could be targeted by SEC because of the indirect shilling activity with his tweets, trying to influence, or driving the hype.
I said this because, in my country, celebrities who talk about stocks recommendation or something like that, could be targeted by the regulation.

however, I am still thinking about the opposite side. why big names who talked sh*t about bitcoin never have any problem? it can influence people with misleading information, right?

I do not think the circumstances are the same, John McAfee received payments from new projects to promote their coins and there are even some accusations that he dumped some coins after posting his tweets while Elon Musk is just posting some tweets regarding his holdings, while the difference may not seem to be that important I think it is, so Elon does not have anything to worry about, John McAfee on the other hand will have a difficult time proving his innocence.

In some cases, the promoters fled with all the money from investors. The investors were left with some worthless shitcoins and tokens in their wallet. McAfee was aware of these risks from the very beginning, but he kept promoting them because of his greed. In other cases, McAfee scrammed the ICO promoters themselves by refusing to promote the projects after some time. Here also, it was the investors who lost out in the end.

I am happy that finally justice can be served, because there are so many frauds in the world of cryptocurrency that are untouched by the law.
But regarding the fraud committed by John McAfee, it turns out that he can be punished, hopefully McAfee can realize his mistake after being
in prison. Because so many victims are hurt by McAfee because he promotes scam projects that benefit him. This is a lesson for all of us not
to commit fraud, because it will end badly in the end.

Is the coin really shitcoin?
I really do not like McAfee because of his statements which sometimes make no sense. However, is there really a problem with what he's doing by pulling crowds off Twitter? If he's doing a scam maybe he is,
And will this also happen to Elon Musk?

Crypto that had been shilled out by this guy?

You can check these out.

Paid Shill John McAfee Shills New Tron Project.
This Is How John McAfee Made USD 23m For Shilling ICOs (According to SEC) (UPDATED)Bitcoin Bull John McAfee Shills Zombie ICO: ‘You’ve Been Warned’

John McAfee Shills New Freedom Coin Ahead of Fall 2019 Launch

Of all those shitty ico shills then its just right for him to be charged on.

I am trying to figure out what kind of cryptocurrency are we talking about? I read the article and not a word about specific cases.

Here we go again.

It's been a long time for me to not seeing mcAfee Tweet about promotion like this.

Mcafee just looking for money with that tweet and he just doing the same mistake like 2017-2018 period.

This. He's done more bad than you could ever imagine. He made people lose a LOT of money and we can only wonder what else to add to this list above.

And the problem that he had made before was the pump and dump for altcoins that paid him. Yes, it wasn't free, he did that on a purpose and the amount of payment that he has received from those projects he had made a pump was massive.
Aside from that problem, there are other things that he had made.

Yes, this guy is extremely odious, starting from his statements about the Bitcoin price and finishing with his videos and projects he promoted. Lots of people trusted his old reputation and old achievements I think, that's why his support influenced much on on people. But the golden rule is remember always about thinking twice before investing, and do not trust even famius names.