SEC bring John McAfee to court over ICO promotion
Cointelegraph
Published Oct 05, 2020 05:00PM ET
Updated Oct 05, 2020 06:40PM ET
On Monday, the U.S. Securities and Exchange Commission filed suit against John McAfee for allegedly promoting initial coin offerings (ICOs) without disclosing that the ICO issuers were paying him, a violation of U.S. securities law.
Per the complaint: "From at least November 2017 through February 2018, McAfee leveraged his fame to make more than $23.1 million U.S. Dollars ('USD') in undisclosed compensation by recommending at least seven “initial coin offerings” or ICOs to his Twitter followers."
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Written By: Cointelegraph
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