Allegations Against McAfee Of Pump n’ Dump Scheme Are “Overblown”

The allegations against McAfee of conducting a pump n’ dump scheme are “overblown” according to him but it seems that things are going worse for the billionaire. However, he thinks that the allegations are still out of proportion so let’s find out some more in our latest cryptocurrency news today.

The Antivirus software manufacturer found himself in a tight corner of allegations of foul play by the US SEC and the Department of Justice. He is currently locked up in a Spanish Prison but he will likely defend himself when he’s extradited to the US. But, allegations against him are “overblown” as he said. The 75-year old Billionaire and cybersecurity mogul, criticized the allegations brought against him by the US regulators are he awaits trial for tax evasion, money laundering, and fraud.
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Docademic (MTC), a medical coin, has increased in price 300% since I first recommended medical coins as an area to investigate last month. Medical coins lost 99% of value in the bear market. They obviously will recover their lost value soon. The sky is the limit for the long term

— John McAfee (@officialmcafee) July 9, 2019

He is stuck in a Spanish prison awaiting extradition in the United States where he will face charges of tax evasion, money laundering, and securities.  The Securities fraud claims spring from his promotion of crypto projects from December 2017 and October 2018. The FBI Assistant Director William Sweeney said in a statement that Mcafee’s tweets amounted to a $13 million pump-and-dump scheme.  McAfee addressed the allegations and said:

The [US Securities and Exchange Commission’s] allegations are overblown. My team evaluated every promotion based on management, business plans, and potential. No one could have foreseen the altcoin market crash.”

He added that Docademic which is a failed crypto project is the one he shilled the most and commented:

 “Even as it crashed I held every single coin allocated to me. I never sold a single coin. I believed in the company to the very end.”

Re: my prior post about Docademic:
I kept pointing out: Medical field, brilliant management, existing product, growing user base. Doesn't take a genius to see the only missing ingredient is time – the long term hold. Time happened. Approaching fat city now.

— John McAfee (@officialmcafee) March 19, 2019

Back in 2018, he denied all claims that he was executing a swift pump n dump and threw his ex CEO Jimmy Watson under the bus:

 “All I can say is ‘Laugh my fucking ass off. Where are the specifics? Who asked for their money back? Dude, i will rip you a new asshole in court if you dib’t unclude hard data to support thwse hiksrioys statements. I could use the money yoy’ll be paying me (sic).”

The New York Attorney Audrey Strauss is unconvinced by McAfee’s years of protestations while saying in a statement that he and his team promoted the coins to his thousands of followers via false and misleading statements to conceal their real motives.