Tech Mogul John McAfee Commits Suicide in a Barcelona’s Prison

John McAfee, the Founder of the famous antivirus software, McAfee and the extravagant tech mogul, has been found dead in his cell in Barcelona, Spain, according to sources quoted by El País. Los Mossos are investigating the matter and all points towards a possible suicide committed by the entrepreneur.

The US Department of Justice (DOJ) is aware of the situation, as McAfee was pending to be extradited to the United States after being detained by the Spanish police last year in El Prat Airport. El Pais noted the prison surveillance officers, who have found him dead in the cell, and the prison medical services have intervened to carry out resuscitation without success. The tech mogul was held in custody in module 1 at the penitentiary center of Brians 1.

McAfee was wanted by the US authorities, who were accusing him of allegedly evading millions of dollars of taxes from profits obtained in activities related to Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. 75-years-old McAfee attempted to flee Istambul in October 2020 to bypass the authorities’ hunt. Still, Spanish authorities managed to arrest him and considered the now-defunct entrepreneur as a person with a high risk to escape.

McAfee Legal Troubles

In March, the US Department of Justice charged John McAfee with fraud and money laundering conspiracy crimes. The antivirus software entrepreneur was charged along with his former employee, Jimmy Gale Watson, on what prosecutors described as McAfee’s cryptocurrency team.

US authorities accused McAfee and his executive adviser of promoting seven initial coin offerings (ICOs) without disclosing that they were paid to do this. Additionally, the CFTC said McAfee was contracted by Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) projects to promote the sale on his social media channels, particularly leveraging his fame on Twitter.

While he received more than $13 million in secret compensation for touting unlicensed tokens, the Silicon Valley legend never disclosed to the regulators that he pocketed nearly half of the funds these ICOs had raised in exchange for his promotional deals.