Tag: creator

11
Oct
2020
Posted in technology

Fancy cars, fine dining, creator mansions, cash: Triller is shelling out for talent

When talk of a possible TikTok ban began in July, the leaders of a small social video app called Triller saw a growth opportunity.

To attract users, the company set its sights on TikTok’s biggest names. Some of the Sway Boys, a group of TikTok influencers, had been toying with the idea of building their own app to compete with TikTok, but after a discussion with Ryan Kavanaugh, the majority owner of Triller and a veteran entertainment executive, they decided the platform could be good for them.

Triller offered the creators a deal: Tell your audience on TikTok that you’re moving to Triller, and we’ll give you equity and roles within the company. You can still post on TikTok, they were told, but only if you post on Triller more frequently. In turn, of the Sway Boys, Josh Richards, 18, was named Triller’s chief strategy officer, and Griffin Johnson, 21, and Noah Beck, 19, joined as advisers with equity.

Soon, CNBC, Fox News and the Los Angeles Times were writing about TikTok defectors bound for Triller, an app they described as a viable replacement for TikTok should a ban be put in place. In August, Triller announced it was seeking a new funding round of $250 million, hiking its valuation to over $1 billion.

But could it live up to the hype?

Getting that ‘Triller money’

Founded in 2015, Triller bills itself as an app for making professional-looking music videos, quickly. Functionally, it’s different from TikTok: It has different editing tools; its users can’t “duet,” or react to videos; and while it offers top singles and hit songs, it lacks the extensive library of sounds and mash-ups that TikTok users employ to express themselves.

“I think there’s a lot of things on Triller that TikTok doesn’t have and vice versa;

06
Oct
2020
Posted in technology

U.S. indicts anti-virus software creator John McAfee for tax evasion

Federal prosecutors unsealed an indictment on Monday against John David McAfee, creator of the eponymous anti-virus software, over charges that he evaded taxes and willfully failed to file tax returns.

The U.S. Justice Department announced the charges shortly after the Securities and Exchange Commission revealed it had brought civil charges against McAfee, alleging that he made over $23.1 million in undisclosed compensation from recommending seven cryptocurrency offerings on Twitter that were materially false and misleading.

The indictment, filed under seal in June, was unsealed following his arrest in Spain where the United States is seeking to extradite him.

He is alleged to have earned millions in income from promoting cryptocurrencies, as well as through consulting work, speaking engagements, and selling the rights to his life story for a documentary. Despite this income, the Justice Department said he failed to file any tax returns from 2014 to 2018.

The SEC has alleged that from at least November 2017 through February 2018, McAfee recommended cryptocurrencies he was paid to promote, while falsely denying such payments.

“McAfee leveraged his fame to make more than $23.1 million in undisclosed compensation” by recommending at least seven initial coin offerings or ICOs to his Twitter followers, the SEC said.

McAfee’s recommendations were “materially false and misleading,” in that he tried to sell “virtually worthless” cryptocurrency tokens by encouraging investors to buy the securities without disclosing his own holdings, the SEC alleged.

The SEC is seeking to impose on McAfee a civil penalty as well as disgorgement of ill-gotten gains, with interest. The agency also wants to ban him permanently from serving as an officer or director of any listed company or any company that files reports to the agency.

The SEC is also pursuing charges against Jimmy Gale Watson, Jr., a bodyguard to McAfee, on charges

06
Oct
2020
Posted in software

Spain detains software creator McAfee wanted in US

Anti-virus software creator John McAfee, who is wanted in the United States for tax evasion, has been arrested at Barcelona airport, police said Tuesday.

Officers detained the 75-year-old on Saturday as he was about to board a flight to Istanbul and he was being held at a jail near Barcelona awaiting extradition to the United States, a Spanish police source told AFP.

His arrest comes a day after US prosecutors released an indictment against McAfee for allegedly failing to report income made from promoting crypto-currencies, making speaking engagements and selling the rights to his life story for a TV documentary.

The indictment, which was issued in June but only unsealed on Monday, said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several sources.

McAfee allegedly evaded taxes by directing his income to be paid into bank accounts and crypto-currency exchange accounts in the names of others, according to the indictment.

He is also accused of evading the US tax office by concealing assets, including real estate, a yacht and a car, by putting them in the name of others.

US officials issued an arrest warrant through Interpol and have asked for his extradition, according to Spanish police.

Since making a fortune with his eponymous antivirus software in the 1980s that still bears his name, McAfee has become a self-styled crypto-currency guru, claiming to make $2,000 a day. He has nearly one million followers on Twitter.   

He suddenly became tabloid grist after moving to Belize and his neighbour in the Central American country was mysteriously murdered in 2012, a crime that remains unsolved. 

When the police found him living with a 17-year-old girl and discovered a large arsenal of weapons in his home, McAfee disappeared on a month-long flight that drew breathless media coverage.  

06
Oct
2020
Posted in software

McAfee software creator jailed in Spain, sources say

FILE PHOTO: John McAfee, co-founder of McAfee Crypto Team and CEO of Luxcore and founder of McAfee Antivirus, speaks at the Malta Blockchain Summit in St Julian’s, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi

BARCELONA (Reuters) – John McAfee, an anti-virus software creator indicted for fraud in the United States, was in jail on Tuesday pending extradition procedures after being arrested in Barcelona airport at the weekend, sources said.

The McAfee software founder was detained on Saturday when about to board a flight to Istanbul with a British passport, a Spanish police source said.

A judicial source said McAfee was then presented to a high court judge through a video call and sent to prison without bail where he will await the extradition process.

A third source, from the Catalonia region’s justice department, said he was in the Brians 1 jail, which opened in 1991 in an industrial area 45 minutes by car from Barcelona. Some local politicians have been jailed there for corruption.

After he was arrested, McAfee’s official Instagram account posted a “Free McAfee” message with a photo of him. The person running the account did not return a message seeking comment.

No other representatives were immediately contactable.

U.S. federal prosecutors unsealed an indictment on Monday against McAfee over charges that he evaded taxes and wilfully failed to file returns.

That came shortly after the Securities and Exchange Commission revealed it had brought civil charges against McAfee, alleging he made over $23.1 million in undisclosed compensation from false and misleading cryptocurrency recommendations.

He is alleged to have earned millions in income from promoting cryptocurrencies, as well as through consulting work, speaking engagements, and selling the rights to his life story for a documentary.

Reporting by Joan Faus, Inti Landauro, Emma Pinedo; Editing by Ingrid Melander and Andrew Cawthorne