The US Securities and Change Fee introduced a judgment in opposition to an affiliate of the late John McAfee for taking part in an alleged preliminary coin providing (ICO) rip-off.
- The highest monetary watchdog argued that Watson had assisted John McAfee by engaged on the promotion offers with numerous ICO issuers.
- He additionally allegedly helped McAfee to money out a few of the cryptocurrency funds that they obtained.
- The ultimate judgment in opposition to Watson bans him from shopping for, promoting, and even providing digital belongings in any skilled capability whereas additionally slamming a complete monetary penalty upwards of $375K.
- Nevertheless, he can nonetheless purchase or promote crypto on his private behalf and together with his private accounts.
- The SEC additionally went on to accuse Watson and McAfee of selling and collaborating in numerous pump and dump schemes whereas accumulating huge positions after which selling it on Twitter to the hundreds of thousands of followers that the antivirus tycoon had.
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