John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money-laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Justice Department said on Friday. The Justice Department said McAfee and his accomplices reaped more than $13 million from the schemes. McAfee is being detained in Spain following his arrest there on tax evasion charges announced in October, the Justice Department said. Both also face civil charges by the U.S. Securities and Exchange Commission, which in October accused McAfee of concealing more than $23.1 million he made from boosting seven cryptocurrency offerings on Twitter. Authorities said 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.

Source: Standard Digital March 06, 2021 06:56 UTC