Cointelegraph.comCryptocurrenciesDepartment of JusticeGovernmentIRSJohn McAfeeMcAfeeSECUnited States

The things the DoJ’s latest move against McAfee has taught us

The actions against McAfee by the DoJ and the IRS represent a worrying shift in the view of the U.S. government’s criminal enforcement arm.
Earlier this month, antivirus pioneer John McAfee was officially charged by the United States Department of Justice on seven counts of fraud and money laundering. These charges have been filed with respect to his activities in the crypto space from 2017 to 2020.It could be some time before McAfee actually has to face these charges in court, as he is currently being detained in Spain under a different warrant issued by the U.S. Internal Revenue Service. While extradition from Spain to the United States should be easy, over the past few years the European Union has taken a much dimmer view on sending people back to the United States, given its seemingly “random” application of the law and what many consider to be an archaic penal system.In order to best understand how this impacts projects, those unfamiliar with the U.S. legal system should start by knowing who the players are. The DoJ prosecutes criminal matters, the IRS prosecutes and manages tax affairs, and the SEC is one of five civil regulatory bodies dealing with securities laws. To best understand that, let’s look at each element one at a time.BackgroundIn mid-2017, McAfee took to the social media platform Twitter to speak generally about crypto. He undoubtedly noticed the impact he was having on the crypto market and the amount of attention …
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