McAfee creator arrested over multi-million tax evasion

He’s now in Madrid and will soon be extradited to the US

McAfee

McAfee creator arrested over multi-million tax evasion. Source: unsplash.com

John McAfee was detained at a Spanish airport today, October 6th. He has been indicted for tax evasion after failing to file tax returns despite receiving considerable income from these sources.

According to the US Department of Justice, the indictment doesn’t allege that during these years McAfee received any income or had any connection with the anti-virus company bearing his name.

McAfee, 75, allegedly evaded his tax liability by directing his income to be paid into bank accounts and crypto exchange accounts in the names of nominees.

The indictment also alleges McAfee attempted to evade the IRS by concealing assets, including real property, a vehicle, and a yacht, in the names of other people.

If convicted of all charges, he could face up to 30 years in prison.

We’ve reported that Markus Braun, the former CEO of the German payment services provider Wirecard, has been arrested days after the company found a $2 billion hole in the books.

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