CFTC ends case versus the departed McAfee’s pump-and-dump plans by fining previous bodyguard

The United States civil cases versus the evasive and now departed John McAfee have actually concerned an end.

On July 18, the Product Futures Trading Commission revealed a settlement and injunction versus Jimmy Wind Watson. A previous Navy Seal, Watson was McAfee’s bodyguard from 2017 prior to ending up being the executive consultant of the previous cybersecurity magnate’s cryptocurrency group.

The CFTC discovered he assisted McAfee promote preliminary coin offerings of suspicious tokens in exchange for concealed benefits in those tokens. The set would then offer those holdings upon the general public ICO, “disposing” their tokens onto unwitting retail financiers.

The supreme disgorgement versus Watson was just $146,000. The commission even more disallowed Watson from trading in products moving forward.

The Securities and Exchange Commission revealed a comparable, parallel settlement and restriction on Watson’s operate in securities. Watson still deals with criminal charges from the Justice Department, however those charges have actually stalled considering that their preliminary unsealing in March 2021. McAfee himself was jailed in Spain the previous October, however when the United States won the right to extradite him, the 75-year-old apparently dedicated suicide.