Antivirus founder John McAfee arrested for tax evasion
The infamous founder of McAfee Antivirus software, John McAfee, has been arrested in Spain and charged with several counts of tax evasion. He now faces extradition to the US.
The Department of Justice confirmed his arrest in a statement and said that he had been indicted in June this year. The indictment was unsealed following with arrest and subsequent charging with “tax evasion and willful failure to file tax returns.”
The DoJ explained the charges: “John McAfee earned millions in income from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary. From 2014 to 2018, McAfee allegedly failed to file tax returns, despite receiving considerable income from these sources.”
McAfee has had a bit of trouble in the last few years. He has been on the run from authorities ever since a murder investigation on Belize – where he was hiding out in mysterious circumstances.
The software founder sold his stake and name in the popular antivirus application in 1994, which was bought by Intel in 2011. Since then, he founded several cryptocurrency companies and featured as an advocate for the system.
“If convicted, McAfee faces a maximum sentence of five years in prison on each count of tax evasion and a maximum sentence of one year in prison on each count of willful failure to file a tax return. McAfee also faces a period of supervised release, restitution, and monetary penalties,” the Department of Justice explained.
McAfee allegedly avoided paying tax on his earnings by “directing his income to be paid into bank accounts and cryptocurrency exchange accounts in the names of nominees.”
He also “attempted to evade the IRS by concealing assets, including real property, a vehicle, and a yacht, in the names of others,” according to the press statement.
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