Entrepreneur John McAfee said the U.S. authorities’ charges of fraud and money laundering were exaggerated.
The SEC allegations:
My team evaluated every promotion based on management, business plans and potential. No one could have foreseen the altcoin market crash.
We were paid in the same coins that crashed. The SEC allegations are overblown.
— John McAfee (@officialmcafee) March 6, 2021
My team evaluated every promotion based on management, business plans and potential. No one could have foreseen the altcoin market crash. We were paid in the same coins that crashed. The SEC allegations are overblown., — McAfee.
He mentioned the Docademic (MTC) project, which promoted more actively than others.
My belief in the coins I promoted is exemplified by Docademic, the coin I promoted the most.
Even as it crashed I held every single coin allocated to me. I never sold a single coin. I believed in the company to the very end.
— John McAfee (@officialmcafee) March 6, 2021
Even after the collapse of Docademic, I did not sell any of the coins I received. I believed in the company to the very end, — the entrepreneur noted.
McAfee faces a prison sentence of up to a hundred years on seven counts of fraud and seven counts of money laundering. He was arrested in Spain in October 2020, and is awaiting extradition to the United States.
For more on the entrepreneur’s unusual life and controversial reputation, read the ForkLog article.
As ForkLog notes, the co-founder of the Floyd Mayweather-promoted ICO project Sohrab Sharma received eight years in prison.
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