John McAfee Faces US Extradition

John McAfee Faces US Extradition

#bitcoin $BTC #johnmcafee

Anti-virus software creator John McAfee, who is wanted in the United States for tax evasion, has been arrested at Barcelona airport, police said Tuesday.

Officers detained the 75-year-old on Saturday as he was about to board a flight to Istanbul and he was being held at a jail near Barcelona awaiting extradition to the United States, a Spanish police source told AFP.

His arrest comes a day after US prosecutors released an indictment against McAfee for allegedly failing to report income made from promoting crypto-currencies, making speaking engagements and selling the rights to his life story for a TV documentary.

The indictment, which was issued in June but only unsealed on Monday, said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several sources.

McAfee allegedly evaded taxes by directing his income to be paid into bank accounts and crypto-currency exchange accounts in the names of others, according to the indictment.

He is also accused of evading the US tax office by concealing assets, including real estate, a yacht and a car, by putting them in the name of others.

US officials issued an arrest warrant through Interpol and have asked for his extradition, according to Spanish police.

Since making a fortune with his eponymous antivirus software in the 1980s that still bears his name, McAfee has become a self-styled crypto-currency guru, claiming to make $2,000 a day. He has nearly one million followers on Twitter.

He suddenly became tabloid grist after moving to Belize and his neighbour in the Central American country was mysteriously murdered in 2012, a crime that remains unsolved.

When the police found him living with a 17-year-old girl and discovered a large arsenal of weapons in his home, McAfee disappeared on a month-long flight that drew breathless media coverage.

The dead neighbour’s family later filed a wrongful death suit against McAfee and last year a court in Florida found against him, ordering him to pay the family more than $25 million.

In 2015, McAfee was arrested in the United States for driving under the influence. He again disappeared from view until January 2019, when he fled the country.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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