McAfee and his bodyguard Jimmy Gale Watson Jr have been charged for a scheme to take advantage of McAfee’s giant Twitter following by publicly touting cryptocurrency choices and digital tokens that they later bought as soon as costs rose on the promotions, in response to the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission.
McAfee is being detained in Spain on separate prison prices filed by the Justice Department’s tax division, the division stated. Watson, an govt adviser of McAfee’s so-called cryptocurrency workforce, was arrested on Thursday night time, the Justice Department stated. Neither may very well be reached instantly for remark.
McAfee and Watson allegedly engaged in a scheme to take advantage of the “broad attain” of McAfee’s Twitter account by shopping for cryptocurrency belongings, concealing a plan to liquidate them after which promoting most shortly after his endorsements boosted costs, the CFTC stated in a court docket doc filed on Friday.