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Computer antivirus pioneer John McAfee tweeted last year that he hadn’t filed a tax return in eight years.
It was OK, he explained. He was “done making money.” His “net income is negative.”
“Taxation is illegal,” he said.
Now McAfee has been arrested in Spain on tax evasion charges. The U.S. Justice Department has accused him of failing to file tax returns from 2014 to 2018 despite making millions, according to an indictment unsealed on Monday.
He allegedly made money from “promoting crypto-currencies, consulting work, speaking engagements and selling the rights to his life story for a documentary.” His extradition to the U.S. is pending, according to the Justice Department.
Prosecutors said he evaded taxes by directing his income to be paid into bank accounts and cryptocurrency exchange accounts set up in others’ names, according to the indictment. He also allegedly concealed assets, including real property, a vehicle and a yacht, by putting them in other people’s names.
I have not filed a tax return for 8 years. Why? 1: taxation is illegal. 2: I paid tens of millions already and received Jack Shit in services. 3. I’m done making money. I live off of cash from McAfee Inc. My net income is negative. But i am a prime target for the IRS. Here I am.
— John McAfee (@officialmcafee) January 3, 2019
He could face up to 30 years in prison and $1.75
John McAfee, the cybersecurity pioneer who created the world’s first commercial anti-virus software, was arrested in Spain and charged with tax evasion, the Department of Justice announced Tuesday.
The British-born McAfee, 75, is facing extradition to the United States, where he is charged with tax evasion and willful failure to file tax returns
The entrepreneur’s arrest came after an indictment from June 15, 2020, was unsealed Tuesday.
According to the indictment, McAfee allegedly evaded taxes by directing his income to be paid into the bank accounts and cryptocurrency exchange accounts “in the names of nominees,” 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.
McAfee earned millions in income from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary, according to the indictment, the statement says.
From 2014 to 2018, McAfee “allegedly failed to file tax returns, despite receiving considerable income from these sources,” it says.
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The indictment “does not allege that during these years McAfee received any income or had any or had any connection with the anti-virus company bearing his name,” the statement says.
McAfee attempted to evade the IRS by concealing assets, including real property, a vehicle, and a yacht, in the names of others, according to the indictment, the statement says.
If convicted, McAfee faces a maximum 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,
Antivirus software pioneer John McAfee has been arrested in Spain and is expected to be extradited back to the U.S. on tax evasion charges, the Justice Department said Tuesday.
McAfee, 75, who founded the wildly successful computer anti-virus software company named after him, was arrested in Spain as he tried to board a flight to Istanbul.
A June indictment against McAfee in the U.S. court in Tennessee was unsealed by the Justice Department on Tuesday charging him with tax evasion and willful failure to file tax returns.
McAfee earned millions of dollars from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary, and from 2014 to 2018 allegedly failed to file tax returns, according to the indictment. None of the income in question is connected with the software company he founded, which McAfee resigned from in 1994.
The indictment also alleges that McAfee evaded his tax liability by routing his income into bank accounts and cryptocurrency exchange accounts that were set up by other people and attempted to skirt the IRS by placing his assets in other people’s names, including real estate, a vehicle, and a yacht.
He faces five tax evasion counts carrying a sentence of five years in prison or a $250,000 fine and five more counts of willful failure to file a tax return that could result in one year in prison or a $100,000 fine.
In 2012, McAfee went into hiding in Belize when police in the country sought him for questioning in the death of his neighbor. He reappeared in Guatemala City several weeks later.
The legendary Silicon Valley entrepreneur has twice attempted to run for president as a Libertarian Party candidate, first in 2016 and a second time this year.
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The antivirus software entrepreneur John McAfee, who has been indicted for tax evasion in the US after allegedly failing to declare earnings running into millions of dollars, has been arrested by Spanish police while attempting to board a flight from Barcelona to Istanbul.
A June indictment charging McAfee with tax evasion and wilful failure to file tax returns was unsealed in federal court in Memphis, Tennessee, on Monday after McAfee’s arrest in Spain, where extradition is pending, the US attorney’s office said.
McAfee, 75, has been charged with evading taxes after failing to report millions earned promoting cryptocurrencies, consulting work, speaking engagements and the sale of the rights to his life story for a documentary.
According to prosecutors, he hid assets from the Internal Revenue Service, including real estate property, a vehicle and a yacht, in the names of other people.
The securities and exchange commission has also brought civil charges against McAfee, alleging he made more than $23.1m (£18m) in undisclosed compensation from false and misleading cryptocurrency recommendations.
A Spanish police source said McAfee had been arrested at Barcelona’s El Prat airport on 3 October.
“He was travelling to Istanbul and when his documents were run through the database, it emerged that he was the subject of a US warrant on fraud charges,” said the source.
Judicial sources told Reuters McAfee had appeared before a high court judge via videolink after his arrest and had been remanded in custody in a Catalan jail pending the extradition process.
Following his detention, McAfee’s official Instagram account posted a “Free McAfee” message accompanied by a photo of him.
The US indictment alleges that McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several sources. The indictment does not allege that McAfee received any income or had
John David McAfee, an antivirus software pioneer who fled Belize in 2012 ahead of a murder investigation there, has been arrested in Spain on tax evasion charges, the U.S. Justice Department said on Monday.
Mr. McAfee, 75, is a Silicon Valley legend who earned millions from the computer virus-fighting software company that still bears his surname. In 2012, he disappeared from his home in Belize after the local police sought him for questioning over the death of his neighbor.
He resurfaced in Guatemala City a few weeks later, then largely dropped out of the public eye for years — until 2016, when he attempted to run as a Libertarian candidate for president of the United States.
The Justice Department said on Monday that Mr. McAfee’s extradition from Spain to the United States was “pending.” It did not provide a timeline, and Mr. McAfee could not immediately be reached for comment on Tuesday.
Prosecutors accused Mr. McAfee of failing to file tax returns from 2014 to 2018, even as he earned millions from “promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary,” according to a June indictment in the U.S. court in Tennessee that the Justice Department unsealed on Monday.
The indictment said that Mr. McAfee evaded his tax liability by accepting payments through bank accounts and cryptocurrency exchange accounts that were set up by others. It also said that he tried to dodge the Internal Revenue Service by dealing extensively in cryptocurrency and buying assets — including real estate and a yacht — in other peoples’ names.
Each count of tax evasion carries a maximum prison sentence of five years, and each tax evasion count carries a maximum one year sentence.
A separate complaint, filed by the Securities and Exchange Commission on