Post
Topic
Board Bitcoin Discussion
Re: John McAfee charged with fraud over cryptocurrency
by
Dutchyyy
on 09/03/2021, 20:59:47 UTC
Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The

http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/


Such things, in my opinion, are completely expected and "normal" for the crypto market. We all know that the crypto market is very volatile and very sensitive to manipulation by different people, even through the most innocent tweet on social networks. We've seen such examples with Dodgecoin and Elon Musk's speech and even with Bitcoin, so I'm not personally surprised.

And I'm not sure how big a crime it is to buy a coin at a very low price (after all, that's the goal of the market) and then advertise it on social media and raise the price. In my opinion, it may be difficult to prove, but still the laws in the United States on this topic are a little stricter and we will see how far the process will go.