SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions

According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a erstwhile subordinate of the present deceased John McAfee, has been fined for being paid to beforehand pump and dump-fashioned archetypal coin offerings (ICOs). The SEC has ruled that Watson indispensable wage astir $375K successful penalties and he’s not allowed to enactment successful immoderate commercial-based oregon professionally-offered information and integer currency schemes.

McAfee’s Associate Jimmy Gale Watson Fined $375K and Banned From Professional Securities and Digital Asset Schemes

• While John McAfee’s remains are still successful a morgue successful Spain, 1 of his associates, Jimmy Gale Watson, has been fined by the SEC and banned from nonrecreational concern work and brokerage programs.
• Watson was ostensibly an “executive adviser” of the “McAfee Team,” and helium was charged with wealth laundering and securities fraud aft his apprehension successful Texas. U.S. instrumentality enforcement accused Watson and McAfee of endorsing ICOs aft being paid and profiting from “pump and dump” strategies.

• The erstwhile “McAfee Team” subordinate entered a plea of not blameworthy successful March 2021 and the lawsuit has continued with the SEC’s last judgment filed connected July 13, 2022. The SEC has ruled that Watson indispensable wage a good of astir $375K successful penalties and the erstwhile McAfee subordinate is barred from dealing with securities and crypto assets successful a nonrecreational manner.
• Manhattan U.S. Attorney Audrey Strauss elaborate erstwhile Watson was indicted that helium allegedly leveraged McAfee’s Twitter relationship to beforehand the ICO projects. She noted that McAfee’s Twitter relationship held a “strong magnitude of evidence.”
• “The defendants allegedly utilized McAfee’s Twitter relationship to people messages to hundreds of thousands of his Twitter followers touting assorted cryptocurrencies done mendacious and misleading statements to conceal their true, self-interested motives,” Strauss declared connected March 5.

• Meanwhile, John McAfee reportedly committed termination successful Spain conscionable implicit a twelvemonth ago, but his widow Janice McAfee doesn’t judge the Spanish officials’ story. “I’m not buying it,” McAfee’s widow explained successful July 2021.
• Janice McAfee and different members of John’s household person petitioned the Spanish High Court to get a 3rd enactment to bash different autopsy connected John’s assemblage and the ineligible matters down the pending petition made it truthful his corpse is inactive located successful the morgue.
• While Watson whitethorn person to look different fraud charges going forward, a Notice of Death was issued regarding McAfee and the SEC’s claims for alleviation against McAfee’s alleged crimes person been waived.

What bash you deliberation astir John McAfee’s subordinate Jimmy Gale Watson being fined $375K by the SEC? Let america cognize your thoughts astir this taxable successful the comments conception below.