‘I have nothing’: My crypto fortune is gone, says software guru John McAfee

‘I have nothing’: My crypto fortune is gone, says software guru John McAfee

 

Software antivirus pioneer John McAfee said on Twitter that he is broke; and his entire crypto fortune is gone.
McAfee has been behind bars in Spain since October 2020; on a US warrant over money laundering and tax evasion.

The McAfee Antivirus founder tweeted “I have nothing. Yet, I regret nothing,” adding: “The US believes I have hidden crypto. I wish I did; but it has dissolved through the many hands of Team McAfee (your belief is not required); and my remaining assets are all seized. My friends evaporated through fear of association.”

 

 

 

McAfee could soon be extradited to the United States; with a ruling set to come from Spanish courts in the coming days.

 

If extradited, the 76-year-old will face court on charges of evading taxes between 2014 and 2018; that carry a prison sentence of up to 30 years.

 

The businessman and his accomplices allegedly reaped more than $13 million; from pump-and-dump cryptocurrency schemes; according to the US Department of Justice.

 

The Commodity Futures Trading Commission filed related civil charges concerning the alleged schemes.

 

McAfee has also been accused of concealing more than $23 million he allegedly made from boosting seven cryptocurrency offerings on Twitter.

 

US authorities say McAfee held himself up as an expert on cybersecurity and cryptocurrency through his tweets; speeches and his role as a CEO of a publicly traded cryptocurrency company.

 

ALSO READ: John McAfee charged with fraud over cryptocurrency

 

They also accused him of telling followers he had no stake in the coins; and at the same time touting how crypto “will change the world.”

 

McAfee has long considered himself an outlaw; and spent much of the last several years living on a yacht in the Caribbean; admittedly on the run from US tax authorities.

 

He turned up in Spain last September; and was arrested there the following month.

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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