The latest charges were filed in the Manhattan federal court in New York. The pair are accused of buying the cryptocurrency assets before promoting them on Twitter, where Mr McAfee has more than one million followers.
They would then sell the assets as soon as Mr McAfee’s endorsements saw prices rise, according to the US justice department and the Commodity Futures Trading Commission.
Might be nasty and all that but buying something, talking about it then selling just isn’t illegal.
It might even be against the rules of certain recognised exchanges and so on but that’s private, not general, law. However:
They allegedly made a further $11m (£8m) in payments from cryptocurrency start-ups for promoting their assets on Twitter, payments which were not disclosed to investors who bought them.
Now that however…..and this explains a lot:
McAfee was born in Cinderford, in the Forest of Dean, Gloucestershire, United Kingdom….
All that weirdness now makes sense.