The US Securities and Exchange Commission (SEC) filed a suit against cybersecurity entrepreneur John McAfee for his alleged role in manipulating cryptocurrency prices using his social media influence.
“From at least November 2017 through February 2018, McAfee leveraged his fame to make more than $23.1 million U.S. Dollars (‘USD’) in undisclosed compensation by recommending at least seven “initial coin offerings” or ICOs to his Twitter followers,” the court document read.
As per reports, McAfee was arrested in Spain on Monday night and is currently facing extradition to the US.
More:
https://cryptoslate.com/us-sec-arrests-john-mcafee-after-23-million-in-illegal-bitcoin-ico-gains/