John McAfee charged with fraud over cryptocurrency - page 4.

mindrust

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Quote from: Coyster on March 07, 2021, 09:19:58 AM

For whatever it's worth, crypto users should stop taking tweets from prominent individuals as a marker to invest in one cryptocurrency or the other, that's the only way this 'fraud' committed by John McAfee can be checked, and to be fair to John, there are quite a lot of people doing the same very thing on social media, they may not be as prominent or dubious as John, but it's the same strategy over and over again. Elon Musk's tweets also causes hype, and while he may not have the same intentions as John, or who knows, he could prolly be making profits out of those crypto endorsing tweets. But the thing is, it's 'sinful' investing in a coin solely cause a prominent individuals tweet speaks good of it, you'll more often than not be left with a dumped coin.

I don't like to defend Elon but Elon didn't do 1/10 of what McAfee did. McAfee literally took hundreds of thousands of dollars to shill completely scam projects. He is a paid shill.

Elon posted a few bitcoin and some doge tweets and a few GME ones and that's pretty much it. Most of the time he only called the coin's/stock's name and haven't even mentioned anything else.

"Doge"

"GME"

Crap like that.

Raflesia

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Quote from: zasad@ on March 07, 2021, 11:42:07 AM

John McAfee has been using Twitter to help raise and lower the price of cryptoassets.
Elon Musk is doing the same thing now. I am very interested in whether Elon Musk will be prosecuted for pumping dogecoins.
Many investment people and companies took money for advertising ICO, and more than 90% of projects are already dead.

Part of what John McAfee did before him was help advertise the ICO and some coins to pump it right with a lot of followers they took to their own advantage and now John McAfee is receiving his sentence.

Elon Musk just pumped Doge and will this end in a tail? I think Elon Musk is just expressing doge but not falling into a dead project.

So indeed this popular person always uses twitter to pump what coins they hold.

Lizzie_Girl

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This is why I prefer to stay aay from social media and my investors. The outside influence can be destructive and cause you to give in to FUD or some other form of loss and no one needs that so staying away from others and their opinions and what coins to buy is best. It is important for us to learn about things ourselves and trust in our own beliefs.

ene1980

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Quote from: Vishnu.Reang on March 07, 2021, 07:59:08 AM

For me, alongside Mark Karpeles and Craig Wright, John McAfee ranks as one of the worst enemies of cryptocurrency. I hope he will spend the rest of the his miserable life behind bars, without any possibility of a parole.

Mark Karpeles scammed with mtgox and John McAfee scammed by promoting scam projects but no one lost money with the claims of Craig Wright.

Quote from: bryant.coleman on March 07, 2021, 08:49:21 AM

The Americans are trying to get him extradited for some time, but this guy managed to avoid that until now. Once he is deported back to the United States, he will be tried for the 2012 murder of Gregory Faull. A few years back, a US Federal District judge ordered McAfee to pay a compensation of $25 million, but he ignored the judgement.

If John McAfee is extradited to the US then he will be spending the rest of his life in jail and knowing that he will be trying his best to defend that from happening.
He was planning to eat his own dick and he might get the opportunity to take as many dicks as possible if he is extradited back to the US Grin

. Fuck him as he was shilling hard for scams and he was adamant that he does not care if it is a scam which means he accepted his fate.

eaLiTy

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Quote from: dkbit98 on March 07, 2021, 08:59:07 AM

If everyone would be charged for same pump and dumps than it would be most crypto influencers on twitter who are doing same schemes and not just McAfee.
McAfee is still in Spain charged for tax evasion and I doubt we are ever going to see him in US again, and with his old age we can't even expect him to live much longer.

If you are a celebrity you need to be responsible what you say in a public platform and he was literally cheating all his followers by advising them to invest in scam projects. There is nothing wrong in promoting but when it comes to finance if you are shilling and promising his followers that the projects he is tweeting are the next best project and he is collecting money when others thought that he genuinely thinks that those projects were good thinking that he is from a tech background which means he was aiding the crime and he should face the punishment.

Quote from: dkbit98 on March 07, 2021, 08:59:07 AM

I feel a bit sorry for him but he ruined his own health and brain with drugs and alcohol overuse.

I do not feel sorry for him, i am more concerned about the dreams and families he shattered with his lies on the pretext of good projects and those that lost money needs justice.

Spaffin

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Quote from: seoincorporation on March 07, 2021, 11:02:55 AM

This news isn't new at all... On October 6 he got arrested for some crimes to the economy while he was bumping his coins:

https://news.bitcoin.com/john-mcafee-arrested-23-million-crypto-pumping/

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

If Elon Musk also speculates with his tweets, then it is quite possible that he will have the same story, because once he already influenced the Bitcoin and Doge coin market, although it is unknown whether this happened on purpose or not.

zasad@

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Buy on Amazon with Crypto

John McAfee has been using Twitter to help raise and lower the price of cryptoassets.
Elon Musk is doing the same thing now. I am very interested in whether Elon Musk will be prosecuted for pumping dogecoins.
Many investment people and companies took money for advertising ICO, and more than 90% of projects are already dead.

bryant.coleman

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Quote from: seoincorporation on March 07, 2021, 11:02:55 AM

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

You are doing a great disservice to the cryptocurrency sector by comparing a successful businessmen such as Elon Musk with a criminal like John McAfee. Elon Musk never benefited from any of his tweets, simply because he doesn't own any cryptocurrency. On the other hand, his endorsal resulted in massive profits for early adopters within the cryptocurrency sector. IMO, we should be thankful to him.

On the other hand, John McAfee knowingly promoted scam projects in return for monetary payments. A lot of cryptocurrency enthusiasts trusted him and put their hard earned money in these scam projects. All of that money vanished. And he repeated this cycle many times, earning huge amounts of $$$ in the process. And he never apologized for ruining the lives of so many people.

seoincorporation

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This news isn't new at all... On October 6 he got arrested for some crimes to the economy while he was bumping his coins:

https://news.bitcoin.com/john-mcafee-arrested-23-million-crypto-pumping/

Is fun because maybe Elon musk ends this way too in some years, is the price to pay to be part of the party.

buwaytress

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Alleged? Crypto influencers have been doing it for years. McAfee himself didn't make it a secret that he was charging per Tweet, and most of today's influencers have a rate you pay, they say.

None of them would say they're deliberately scamming, but their actions (most take the promoted tokens at huge discount in lieu of cash payments, and then dump them after the shill) to me very easily amount to fraud.

charlesmichel1

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Quote from: Poker Player on March 07, 2021, 08:13:08 AM

I don't wish ill on anyone but I'm glad he's no longer the Bitcoin Evangelist of the moment. When I first became interested in Bitcoin he was, and the truth is he has too much dirty business surrounding him to be a good representative for us.

I don't think it can affect Bitcoin at any ways. The only person who really represents Bitcoin is Satoshi.

Jating

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Good riddance.

He fooled everyone during the ICO hype, made a lot of money for himself, being paid handsomely just to shill from some shit and scam projects. Now, he has to face the music, brilliant mind, genius, but borderline psychotic.

He is high profile that's why he was targeted by the US government, probably sending the message again to the would be large scale personality scammers out there that their days are going to come to an end.

avikz

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Quote from: synd66 on March 07, 2021, 07:47:20 AM

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/

He is generally a strong supporter of cryptocurrencies but indeed he had promoted some shitcoins when the ICO market was booming and made a good amount of money through his shady activities. Those were way too evident when his name was one of the main promotional point for the ICOs. Now later when most ICO tokens became a disaster, investors lost millions of dollars to these scammers.

I wouldn't say Mcafee was directly involved in such scams but he definitely supported such initiatives. Hopefully he gets a light punishment because the mains scammers are mostly roaming free till date!

pawanjain

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Quote from: synd66 on March 07, 2021, 07:47:20 AM

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/

John McAfee has been promoting shitcoins since many years and I wouldn't be surprised if he gets charged for crypto fraud.
Money laundering is something which is hard to prove in cryptocurrency. They can charge anybody for money laundering.
Even Charlie Shrem was accused of money laundering for running BitInstant.

Lucius

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Should anyone even care what happens to him? After publicly admitting that he made fools of everyone who believed that BTC would be worth $1 million by 2020, and after using his influence to inflict surely great financial damage on individuals but also on governments because he evaded paying taxes, does anyone think he should be allowed to live in peace for the rest of his life given that he is 75 years old?

Unless he dies in a Spanish prison, his extradition to the US is only a matter of time.

https://twitter.com/officialmcafee/status/1213839069681205254

Coyster

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For whatever it's worth, crypto users should stop taking tweets from prominent individuals as a marker to invest in one cryptocurrency or the other, that's the only way this 'fraud' committed by John McAfee can be checked, and to be fair to John, there are quite a lot of people doing the same very thing on social media, they may not be as prominent or dubious as John, but it's the same strategy over and over again. Elon Musk's tweets also causes hype, and while he may not have the same intentions as John, or who knows, he could prolly be making profits out of those crypto endorsing tweets. But the thing is, it's 'sinful' investing in a coin solely cause a prominent individuals tweet speaks good of it, you'll more often than not be left with a dumped coin.

Sterbens

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This is not the first time McAfee has been accused of fraud, and the accusations this time have led him to stumble upon a fairly dangerous case, undertaking crypto promotion with whatever purpose is expected, but if there is an act of fraud and harms the party, it must be prosecuted legally. We're not sure here that he's just promoting to his followers on Twitter, but he can play behind the scenes. and as a result Jimmy was involved in the actions taken by them.

dkbit98

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If everyone would be charged for same pump and dumps than it would be most crypto influencers on twitter who are doing same schemes and not just McAfee.
McAfee is still in Spain charged for tax evasion and I doubt we are ever going to see him in US again, and with his old age we can't even expect him to live much longer.
I feel a bit sorry for him but he ruined his own health and brain with drugs and alcohol overuse.

bryant.coleman

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Quote from: snipie on March 07, 2021, 08:16:59 AM

lol. I read an article about this yesterday and this is a copy paste from it tho. He is in detention in Spain for tax fraud and being accused of many charges. Most likely he will be kicked to US so the court can milk him few millions and the case will be settled, unless his lawyer is not good enough to prevent him from visiting a 5* prison for few weeks.

I am not sure whether the court will take a favorable stance towards McAfee. He is accused in a number of crimes, including one case of murder. The Americans are trying to get him extradited for some time, but this guy managed to avoid that until now. Once he is deported back to the United States, he will be tried for the 2012 murder of Gregory Faull. A few years back, a US Federal District judge ordered McAfee to pay a compensation of $25 million, but he ignored the judgement.

snipie

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Quote from: Vishnu.Reang on March 07, 2021, 07:59:08 AM

For me, alongside Mark Karpeles and Craig Wright, John McAfee ranks as one of the worst enemies of cryptocurrency. I hope he will spend the rest of the his miserable life behind bars, without any possibility of a parole.

lol. I read an article about this yesterday and this is a copy paste from it tho. He is in detention in Spain for tax fraud and being accused of many charges. Most likely he will be kicked to US so the court can milk him few millions and the case will be settled, unless his lawyer is not good enough to prevent him from visiting a 5* prison for few weeks.

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