SEC Announces Final Decision on John McAfee’s ICO Case

SEC announced its final decision on John McAfee’s alleged ICO scam.

SEC entered a final consent judgment against Jimmy Gale Watson, Jr., for his role in John McAfee's alleged initial coin offering promotion and scalping scheme.

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SEC had filed a complaint against McAfee for promoting investments in ICOs without disclosing he was getting paid to do so.

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Jimmy Gale Watson assisted the late tech pioneer in getting promotion deals with ICO issuers.

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The SEC also accused McAfee and Watson of engaging in pump and dump schemes.

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SEC imposed a fine of $375,000 on Watson and permanently banned him from engaging in any digital asset trading.

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John McAfee, who had been on the run for many years over tax evasion charges, was found dead in Spanish prison in June last year.

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The authorities claimed that McAfee died by suicide but his family continues to dispute those claims.

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