John David McAfee, the creator of anti-virus software McAfee, has been indicted by the US Department of Justice on the charges of tax evasion.
He is awaiting extradition to the United States after being arrested in Spain.
The Securities and Exchange Commission revealed it had brought civil charges against McAfee alleging Securities and Exchange Commission revealed it had brought civil charges against McAfee. The US Justice department announced the charges shortly after the SEC brought the civil charges.
“McAfee leveraged his fame to make more than $23.1 million in undisclosed compensation” by recommending at least seven initial coin offerings or ICOs to his Twitter followers, the Securities and Exchange Commission (SEC) said.
The SEC said that he tried to sell “virtually worthless” cryptocurrency tokens by encouraging investors to buy the securities without disclosing his own holdings, adding that McAfee’s recommendations were “materially false and misleading.
McAfee, an English-American computer programmer, and businessman has been arrested over 22 times in the past ten years.
He founded the software company McAfee Associates in 1987 and ran it until 1994 when he resigned from the company.
McAfee Associates achieved early success as the creators of McAfee, the first commercial antivirus software, and the business now produces a range of enterprise security software.
(With Agency Inputs)