Tech millionaire John McAfee arrested in Spain for US tax evasion

Mark Shapland

Tue, Oct 6, 2020, 7:40 AM1 min read

US anti-virus software pioneer John McAfee gestures as he arrives at the Aurora international airport in Guatemala City. McAfee escaped immediate deportation to Belize on Wednesday as Guatemala decided to expel the American back to the United States instead. McAfee, who entered Guatemala illegally after more than three weeks on the run, is wanted in Belize for questioning over his neighbor's murder last month. JOHAN ORDONEZ/AFP/Getty Images

Eccentric tech millionaire John McAfee was arrested in Spain in the early hours today on US charges of evading tax.

The American, who was born on a US Army base in Gloucestershire and who founded anti-virus software company McAfee, allegedly failed to report millions earned from promoting cryptocurrencies and speaking engagements.

Allegedly he promoted seven unnamed ICOs (initial coin offerings) on Twitter making more than £18 million - but failed to disclose the pay.

He was charged by the US Department in June but the indictment was only unsealed after his arrest.

He faces extradition to the US and up to 30 years in prison.

Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
TipRanks
Billionaire Bill Gates Has 51% of His Portfolio Invested in 2 Brilliant Stocks
The Bill and Melinda Gates Foundation Trust outperformed the S&P 500 by a wide margin over the past three years, in part because of these two stocks.
Motley Fool
Can I Use My RMDs to Transfer Money Into My Roth IRA?
If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash? Investors now need to start taking RMDs at age 73 or, if they were born after 1960, at age 75. Depending on the balances of […] The post Can I Use My RMDs to Transfer Money Into My Roth IRA? appeared first on SmartReads by SmartAsset.
SmartAsset
Here's Exactly When Social Security Recipients Can Expect Benefit Cuts, According to the Latest Trustees Report
Social Security payments may be subject to cuts. Here's what the timing looks like.
Motley Fool
Time to Pounce: 2 Historically Cheap Ultra-High-Yield Energy Stocks That Are Begging to Be Bought Right Now
These supercharged energy income stocks -- with an average yield of 9.87% -- can really fatten your pocketbook.
Motley Fool
Moderna’s mRNA Dreams Meet Reality With First Post-Covid Shot
(Bloomberg) -- Moderna Inc.’s pioneering Covid shot turned the company into a nearly $200 billion biotech giant and a public health hero. Its second vaccine, meant to prevent a common respiratory virus, is calling into question the premise on which the company has staked its entire business. Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s
Bloomberg
Forget Nvidia: These 3 Small-Cap Stocks Offer Up to 557% Upside, According to Select Wall Street Analysts
High-water price targets from a trio of Wall Street pundits imply three diminutive companies can skyrocket 223% to 557%.
Motley Fool
CRISPR Therapeutics AG (CRSP) Reports Q1 Loss, Misses Revenue Estimates
CRISPR Therapeutics (CRSP) delivered earnings and revenue surprises of 12.27% and 93.94%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Zacks
Stocks could tank after an ill-advised 'melt-up' if the Fed cuts rates to avoid recession
"Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.
Business Insider
3 Ridiculously Undervalued Stocks to Buy Hand Over Fist Right Now in May
Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.
Motley Fool

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Tech millionaire John McAfee arrested in Spain for US tax evasion

Recommended Stories

Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks

Billionaire Bill Gates Has 51% of His Portfolio Invested in 2 Brilliant Stocks

Can I Use My RMDs to Transfer Money Into My Roth IRA?

Here's Exactly When Social Security Recipients Can Expect Benefit Cuts, According to the Latest Trustees Report

Time to Pounce: 2 Historically Cheap Ultra-High-Yield Energy Stocks That Are Begging to Be Bought Right Now

Moderna’s mRNA Dreams Meet Reality With First Post-Covid Shot

Forget Nvidia: These 3 Small-Cap Stocks Offer Up to 557% Upside, According to Select Wall Street Analysts

CRISPR Therapeutics AG (CRSP) Reports Q1 Loss, Misses Revenue Estimates

Stocks could tank after an ill-advised 'melt-up' if the Fed cuts rates to avoid recession

3 Ridiculously Undervalued Stocks to Buy Hand Over Fist Right Now in May