SEC dismisses claims against John McAfee, fines accomplice for ICO promo
Cointelegraph
Published Jul 16, 2022 06:35AM ET
Updated Jul 16, 2022 08:20AM ET
The United States Securities and Exchange Commission (SEC) obtained the final judgment for an initial coin offering (ICO) promotion scheme against late entrepreneur John McAfee and accomplice Jimmy Gale Watson, Jr., filed on October 5, 2020.
In the original complaint, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter (NYSE:TWTR) without disclosing that they were paid for them. Watson allegedly assisted McAfee in negotiating promotional deals with ICO issuers and cashing out the crypto payments, among other pump-and-dump charges.
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Written By: Cointelegraph
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