John McAfee arrested in Spain as eccentric tech guru is accused of multi-million dollar tax evasion
TECH entrepreneur John McAfee was arrested and indicted for tax evasion while in Spain on Monday.
Founder of the anti-virus software company McAfee Associates, the 75-year-old allegedly failed to file tax returns from 2014 to 2018.
According to a June 15 indictment, McAfee allegedly earned millions from speaking engagements, consulting, promoting cryptocurrencies and selling the rights to his life story for a documentary.
The indictment does not allege that the tech boss received any income in relation with McAfee Associates.
The company was sold to Intel in 2011.
A news released from the U.S. attorney's office said there is an extradition to the United States pending for McAfee.
The indictment alleges that McAfee evaded tax liability by directing income into bank accounts and cryptocurrency exchange accounts in the names of others.
It also alleges he tried to evade the IRS by concealing assets such as a yacht, vehicle, real property and more.
If convicted of all charges, McAfee could face up to 30 years in prison, AP reports.
According to Fox News, the entrepreneur intended on making a presidential bid this year under the Libertarian Party however endorsed candidate Vermin Supreme in March.
In July 2019, McAfee was arrested, and later released, by Dominican Republican Armed Forces in Puerto Plata after being suspected of having high-caliber weapons, ammunition and military-style gear while on his boat.
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