• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

John McAfee Indicted for Tax Evasion

samrack by samrack
October 6, 2020
in Africa, Business, Diaspora, John McAfee Indicted for Tax Evasion, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
John McAfee Indicted for Tax Evasion
Share this
FacebookXPinterestEmailWhatsAppLinkedIn

John McAfee Indicted for Tax Evasion

Allegedly Hid Cryptocurrency, a Yacht, Real Estate and Other Properties in Nominee Names to Evade Taxes

An indictment was unsealed today charging John David McAfee with tax evasion and willful failure to file tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney D. Michael Dunavant for the Western District of Tennessee. The June 15, 2020 indictment was unsealed following McAfee’s arrest in Spain where he is pending extradition.

According to the indictment, John McAfee earned millions in income from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary. From 2014 to 2018, McAfee allegedly failed to file tax returns, despite receiving considerable income from these sources. The indictment does not allege that during these years McAfee received any income or had any connection with the anti-virus company bearing his name.

According to the indictment, McAfee allegedly evaded his tax liability by directing his income to be paid into bank accounts and cryptocurrency exchange accounts in the names of nominees. The indictment further alleges McAfee attempted to evade the IRS by concealing assets, including real property, a vehicle, and a yacht, in the names of others.

If convicted, McAfee faces a maximum sentence of five years in prison on each count of tax evasion and a maximum sentence of one year in prison on each count of willful failure to file a tax return. McAfee also faces a period of supervised release, restitution, and monetary penalties.

An indictment merely alleges that crimes have been committed. The defendant is presumed innocent until proven guilty beyond a reasonable doubt.

Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Dunavant commended special agents of IRS-Criminal Investigation, who conducted the investigation, and Trial Attorney William Guappone of the Tax Division and Assistant U.S. Attorneys Matthew Wilson and Damon Griffin, who are prosecuting the case.

Additional information about the Tax Division and its enforcement efforts may be found on the Division’s website.

Attachment(s):
Download Indictment
Topic(s):
Financial Fraud
Tax
Component(s):
Tax Division
USAO – Tennessee, Western
Press Release Number:
20-1052
Tags: John McAfee Indicted for Tax Evasion
Previous Post

How U.S. vice presidents went from irrelevant to influential

Next Post

US Green Card Lottery (DV-2022) Registration Opens on Wednesday, October 7, 2020

Related Posts

Dr.Caroline Mumbi Waweru Wayoike Doctorate in nursing practice minor in education from Capella University. DNP MSN BSN RN.
Announcement

Capella University Celebrates Dr. Caroline Mumbi Waweru Wanyoike’s Remarkable Academic Achievements

September 27, 2023
King Charles III
Diaspora

Royal Visit:King Charles III to Embark on Historic Visit to Kenya

September 26, 2023
Judy Musyoki RN, BSN,
AFRICA RISING

Congratulations to Judy Musyoki RN, BSN on Her Outstanding Graduation Achievement

September 26, 2023
LUCY KUBAI and MUBEA PAUL
Christian News

Another hit Song by our own Diaspora celebrity LUCY KUBAI and MUBEA PAUL.

September 22, 2023
Screengrab of CCTV footage that captured the suspect going over a perimeter wall circumvented with razor wire fence at Woodley Annexe on September 15, 2023.
Diaspora

How girl suspected of killing Eric Maigo escaped:Detectives have identified her as a minor aged between 15 and 17 years old.

September 22, 2023
Elsa Kiprotich, a resident of Houston, Texas,
Diaspora

Elsa Kiprotich: From Charcoal Seller to Real Estate Agent in the US

September 22, 2023
Next Post
US Green Card Lottery (DV-2022) Registration Opens on Wednesday, October 7, 2020

US Green Card Lottery (DV-2022) Registration Opens on Wednesday, October 7, 2020

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT

Latest News

Capella University Celebrates Dr. Caroline Mumbi Waweru Wanyoike’s Remarkable Academic Achievements

Royal Visit:King Charles III to Embark on Historic Visit to Kenya

Congratulations to Judy Musyoki RN, BSN on Her Outstanding Graduation Achievement

Another hit Song by our own Diaspora celebrity LUCY KUBAI and MUBEA PAUL.

How girl suspected of killing Eric Maigo escaped:Detectives have identified her as a minor aged between 15 and 17 years old.

Elsa Kiprotich: From Charcoal Seller to Real Estate Agent in the US

Kenyan Student Orville Kimutai Dies While Swimming in Western Australia

Kenyans Who Won US DV 2023 Green Card Blocked From Migrating to America

Transition/Death Announcement of Mrs Susan Njeri Njuguna of Turi Molo

On Civilian Casualties in Sudan

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

On Civilian Casualties in Sudan

On Civilian Casualties in Sudan

by samrack
September 13, 2023
0

On Civilian Casualties in Sudan The United States is alarmed by the recent increase of indiscriminate air and artillery strikes...

President William Ruto of Kenya

Kenya reinstates small fuel subsidy in government U-turn

by samrack
August 16, 2023
0

Kenya reinstates small fuel subsidy in government U-turn Kenya has reinstated a small subsidy to stabilise retail fuel prices for...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.734 seconds. Stats plugin by www.blog.ca