7.1 C
Amsterdam
28 March 2024
PumpMoonshot
Image default
Altcoins

SEC Sues John McAfee for Shilling Crypto ICOs

John McAfee has been sued by the US Securities and Exchange Commission for allegedly taking home $21 million from ICO promotions.

The US Securities and Exchange Commission (SEC) has filed a civil complaint against cybersecurity software developer and ICO hype man John McAfee, alleging he made over $23 million

The suit, which also names ex-Team McAfee CEO Jimmy Watson, alleges that that McAfee shilled seven initial coin offerings without revealing he had been paid to do so.

Those seven projects cumulatively took home $41 million, $23.2 million of which allegedly went to McAfee on the sly.

(This story is breaking, and we are updating it as information becomes available.)

 

News Source

Related posts

Top 3 Gainers Of The Week Waves, ABBC Coin, Filecoin: The moon is nigh for these altcoins

PumpMoonshot

ETH Remains Rangebound, is This the Calm Before the 2023 Storm?

PumpMoonshot

New Casinos: The Pros and Cons of Bitcoin Slots

PumpMoonshot
Verified by MonsterInsights