John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme
Photo credit should read ADALBERTO ROQUE/AFP via Getty Images
John McAfee has been charged with securities fraud over a “pump and dump” cryptocurrency scheme. Federal prosecutors unsealed a case against McAfee and his executive advisor and bodyguard Jimmy Gale Watson Jr., claiming the pair earned nearly $2 million by urging Twitter followers to invest in cryptocurrencies like Reddcoin and Dogecoin, then selling off their own holdings as the price rose.
“McAfee and Watson exploited...
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