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John McAfee And his tryst with cryptocurrency

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John McAfee, the anti virus software founder, was found dead in his cell

Mcafee well known for bringing out the first commercial anti-virus software

John McAfee also created the first instant messaging program on the Internet

McAfee accused of making millions from cryptocurrency trade

John McAfee, the anti virus software founder, was found dead in his cell just 24 hours after Spanish High Court ordered his extradition to the US. The founder of McAfee antivirus was charged with Tax evasion committed suicide in his prison cell in a jail in Barcelona. John McAfee was arrested in Spain when he was about to board a plane to Turkey.

John David Mcafee brought out the first commercial anti-virus software

McAfee antivirus

John David Mcafee and controversy were synonymous with one another. However, he is known to bring out the first commercial anti-virus software, which is still being used by millions of users to date. Later he started dabbling in cryptocurrency, and it proved to be his nemesis. He was slapped with tax evasion charges worth millions of dollars which he had made in the cryptocurrency trade.

U.S. Department Of Justice charges American tycoon John Mcafee to artificially inflate the value of altcoins

The U.S. Department Of Justice charges american tycoon John Mcafee and his bodyguard for using his huge Twitter following to artificially inflate the value of altcoins through a pump and dump scheme. He is also accused of concealing his income received from startup businesses to promote initial coin offerings and failing to file tax returns .

From December 2017 through February 2018, John McAfee promoted assets including Verge, Reddcoin, and Dogecoin through tweets named “Coin of the Day” or “Coin of the Week.” John McAfee used his reputation as an expert on cybersecurity and cryptocurrency through his tweets. He also gave speeches and also carried himself around as a CEO of a publicly-traded cryptocurrency company.

U.S. Department of Justice has also accused John McAfee of hiding from his followers that he had a stake in the coins while he touted how cryptocurrency will change this world. John McAfee is also alleged to have received $11m (£8m) in payments from cryptocurrency start-ups for promoting their assets on Twitter. Details of the payments were never disclosed to investors who bought them.

McAfee created the first instant messaging program on the Internet

McAfee was born in 1945 and started his career as a software consultant . John McAfee started his own software company when he turned forty. His company is credited with creating the first anti-virus software. He resigned from the company in 1994 and created the software company Tribal Voice. It was the first instant messaging program on the Internet. He also created QuorumEx and Future Tense Central. His moment of glory came when his company created the antivirus software-mcafee antivirus which is still very popular and used widely.

McAfee created a sensation In July 2017 when he prophesized that the price of Bitcoin (BTC) would reach $ 500,000 by the end of 2020. He also increased the stakes and forecast that BTC would hit $ 1 million in 2021.

McAfee made a royal sum by inflating the values of cryptocurrencies

His tweets goaded his followers to buy Bitcoins and other cryptocurrencies. The United States government alleged that McAfee made a royal sum by inflating the values of cryptocurrencies and raking in millions from startup companies. The U.S. Government has been trying to get McAfee deported due to a long series of alleged crimes, including tax evasion, between 2014 and 2018. In October, he was arrested at Barcelona International Airport while about to board a flight to Istanbul, Turkey.

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