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Anti-virus creator John McAfee jailed for 1-5 years in US for tax evasion
Azriel B 15 Nov 2020 Antivirus, News 1 Comment 438 Views
As for John McAfee's prosecution, despite having earned millions of dollars, he has not filed tax returns during the years of 2014 to 2018. The authorities had charged him for not having revealed his income earned through his promotions of consulting jobs, digital assets, and speaking engagements.
image from ABC News YouTube
The founder of McAfee (a cybersecurity software), John McAfee, had been arrested in Spain for not filing tax returns, leading to tax evasion. As stated by the US Justice Department located in Washington, John McAfee has failed in paying his income tax for years from 2014 to 2018.
Other than that, he has also been accused of hiding his assets for real estate, the vehicles, and a yacht that is in the name of others. The authorities of the US have now been deported to the US from Spain.
As for his prosecution, despite having earned millions of dollars, he has not filed tax returns during the years of 2014 to 2018. The authorities had charged him for not having revealed his income earned through his promotions of consulting jobs, digital assets, and speaking engagements.
The Securities of US and the Exchange Commission had also accused him for hiding the information of him getting paid for promoting cryptocurrencies, according to businesstoday.
The money that he has earned through all of these engagements had been allegedly paid within the accounts of others. Now the pioneer of cybersecurity would have to be facing a term of 1-5 years in jail, when he had been found guilty of charges.
As for being notable, the name of the software mogul, John McAfee, has been hovering around the world as a controversial topic. Back then, he had been dragged into a murder case in the country of Caribbean and the city of Belize. In 2018, he had been accused for the carrying of huge caches of both arms and ammunition in the Dominican Republic. If that does not seem to be enough, he announced the candidacy of becoming a US President in the polls of 2020, only to have dropped from this race back in March.
As for the US SEC, he had been promoted to at least initial coin offerings of seven on twitter and having received more than $23 million as his commission. He had the time and expressed how confident he had in cryptocurrencies despite the trend going downward that have been shown by popular ones, such as Litecoin, Ethereum, and Bitcoin, that are on the back of restrictions that are regulatory.
As the end of 2017 approached, McAfee made a prediction that Bitcoin will acquire the value of having each coin being worth $1 million by the year 2020. He had spoken reportedly in the favour of many firms of cryptocurrency that have dubious backgrounds.
McAfee Associates, the software company, had been founded by John McAfee in the year of 1987. The first commercial of the company's antivirus software, McAfee, became a large success. By now, the business has been producing a wide range of enterprise security software. McAfee had already quit his company back in 1994. Intal purchased it back in 2011 and eventually by the TPG Capital in the year 2017, which now owns a majority of the stakes in the company.
McAfee Total Protection makes a good antivirus, along with Bitdefender Internet Security.
antivirus Cybersecurity jail John McAfee mcafee Software 2020-11-15
Azriel B
Tags antivirus Cybersecurity jail John McAfee mcafee Software
Posted by : Azriel B
Azriel, a writer of Techvisibility. Highly interested in Technology and Fascinated with new innovations.
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