McAfee Antivirus - US Department of Justice | Shield

MCAFEE ANTIVIRUS US DEPARTMENT OF JUSTICE

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Admittedly, that may be a little tongue in cheek blended with click-bait but, if you ever had a McAfee antivirus installed on your computer, you’ll see why this title makes sense. Read the article to know more about John McAfee Fraud and Money Laundering.

On March 5, 2021, John McAfee, the maligned founder of his eponymous cybersecurity tech company, was indicted on charges of securities fraud and money laundering. Over the years, McAfee, the celebrity and household name synonymous with anti-virus software, has had its share of bad publicity. Most of his questionable behaviors have largely been written off as “eccentric” and “not unexpected” given his vast wealth secured through the sale of his company and a purported lifestyle that goes along with which included a private jet, island hopping, soliciting a prostitute and then marrying her.

The rise and fall of McAfee As a society, we’re fascinated by stories of people who have beaten the odds, but we are titillated and wholly enraptured by stories of people who had it all – and lost it. McAfee falls into the latter camp. In 1992, he founded McAfee Security. In 2010, he sold it to Intel for $7.7 Billion.

Why he allegedly perpetrated multiple pump-and-dump schemes in crypto may be explained by his “riches to rags” decline. Through a series of ill-timed and bad investments in Lehman Brothers’ bonds and other holdings at the height of the Financial Crisis.

Not his first rodeo McAfee, it seems, has worked hard to cultivate his “bad boy and bad actor” reputation. He’s had a series of encounters with the law – around the globe – and got the photo plus striped jumpsuit to prove it. As a named “person of interest” involving the death of his neighbor in Belize in 2012, McAfee went on the run. He beat the murder wrap but was in the hands of the police again a few years later. This time, it was in Spain where he was arrested for tax evasion having made millions off cryptocurrencies and reportedly selling his life story for a biopic.

Ironically coinciding with McAfee’s October 2020 arrest was the second IPO of McAfee Security which closed the first day of trading valued at just under $8 Billion. The anti-virus software company has gone through multiple incarnations since its inception in 1992. After Intel acquired it in 2010, it sold off a large equity stake (66%) to TPG in 2014; at that time, McAfee Security became a private company again, only to return to the markets to be publicly traded nearly six years later.

McAfee was promoting ICOs (Initial Coin Offerings – which are similar to IPOs to raise funds publicly within the cryptocurrency markets). Doing so would excite his social media followers, many of whom would then invest in the ICO. “Pump and dump” is a classic scheme that McAfee appears to have used over and over again, one ICO at a time.

The two examples beg a bigger question. Why has the SEC not yet mandated – or at least secretly provisioned – the surveillance of social media to identify, document, report and halt the bad behaviors? These market manipulations are seemingly being played out publicly right under the noses of the agencies tasked with regulating such activities leaving us to ask, when will social media be formally monitored?

Website: https://www.shieldfc.com/