John McAfee fled the United States well over a year ago, and went on a journey that took him all around the Caribbean and eventually into Europe. McAfee was on the run for so long that many people may have questioned whether McAfee was just being paranoid when he fled the United States, especially considering McAfee’s history of heavy drug use.
However, apparently McAfee was 100% right about the United States government coming after him, since McAfee has been arrested in Spain and is facing extradition to the United States and many years in prison.
Specifically, McAfee is being charged with tax evasion and willful failure to file tax returns, and the Department of Justice says that McAfee laundered his income into bank accounts that were not under his name, and that McAfee also laundered his money into property.
Each charge of tax evasion carries a maximum sentence of 5 years in prison, and one thing that is unclear at this point is how many charges of tax evasion are being levied against McAfee.
Simultaneously, the Securities and Exchange Commission (SEC) is suing McAfee for unlawful promotion of initial coin offerings (ICOs), and specifically McAfee made $23.1 million from ICO promotion. The SEC says that McAfee made misleading statements when promoting ICOs, including not disclosing that he was paid to promote the ICOs, and failing to disclose that he was trying to sell the ICO cryptos at the same time he was promoting them.
McAfee’s saga has taken a new dark turn, and it probably will be many years before he is allowed back into the light of day. It is morally debatable as to whether McAfee deserves this heavy handed treatment for tax evasion and promoting ICOs, but it is what it is, and it seems there is no way for McAfee to get out of this legal debacle without serving time in prison. Crypto.IQ will continue to post updates as this situation evolves.