1. #1
    Optional
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    McAfee, Pump n Dump, Twitter, SEC Charges

    Don't a lot of people have Youtube channels that earn a decent income doing this?



    “McAfee and Watson used social media to perpetrate an age-old pump-and-dump scheme that earned them nearly two million dollars,” said FBI Assistant Director William Sweeney Jr.

    “Additionally, they allegedly used the same social media platform to promote the sale of digital tokens on behalf of ICO issuers without disclosing to investors the compensation they were receiving to tout these securities on behalf of the ICO.

    “When engaging in illegal activity, simply finding new ways to carry out old tricks won’t produce different results. Investment fraud and money laundering schemes carry a strict penalty under federal law.”

    The first scheme allegedly involved a fraudulent practice called scalping. Prosecutors say Mr McAfee, Mr Watson and other members of the team bought large quantities of publicly traded cryptocurrency altcoins at cheap market prices, with the advance knowledge that Mr McAfee planned to publicly endorse them via his Twitter account.

    After the purchases, Mr McAfee allegedly published false and misleading tweets recommending the altcoins to members of the public, the aim being to artificially inflate their market prices without disclosing that he himself owned a large quantity.

    “McAfee had given false assurances that he would disclose such information in various tweets and public statements during the scalping scheme,” prosecutors say.

    The defendants then sold their investment positions in the altcoins into the “temporary but significant short term market price increases” that Mr McAfee’s tweets generated, earning significant profits.

    In the second alleged scheme, the McAfee team used his Twitter account to publicly tout fundraising events called ‘initial coin offerings’ (ICOs), in which start-up businesses issued and sold digital tokens to the public.

    Prosecutors say Mr McAfee concealed the fact that the businesses were compensating him for his promotion of the events with “a substantial portion” of the funds raised.

    “From approximately on or about December 20, 2017 through on or about February 10, 2018, McAfee, Watson and other team members collectively earned more than $11 million in undisclosed compensation they took steps to affirmatively hide from investors.”

    The United States Securities and Exchange Commission and Commodity Futures Trading Commission have filed separate civil charges against Mr McAfee and Mr Watson.


    https://www.news.com.au/technology/j...f0f93ff1879223

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  2. #2
    PaperTrail07
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    I am not 100% informed on it but it seems like they exact same Justin Sun does on a daily basis lol......

  3. #3
    DiggityDaggityDo
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    This is the same McAfee that enjoys women pooping into his mouth from a hammock?

  4. #4
    DiggityDaggityDo
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  5. #5
    Optional
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    Quote Originally Posted by DiggityDaggityDo View Post
    This is the same McAfee that enjoys women pooping into his mouth from a hammock?
    LOL, really????

    The guy sounds like a human carnival ride.

    But someone must hate him to be hammering him for this in the current environment.

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  6. #6
    PaperTrail07
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    lol this guy was also supposed to eat something else LOL......dig into his life......its great -trust me LOL...
    Quote Originally Posted by Optional View Post
    LOL, really????

    The guy sounds like a human carnival ride.

    But someone must hate him to be hammering him for this in the current environment.

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