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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, a computer programmer best known for his anti-virus software, has been indicted on federal tax evasion charges after allegedly hiding assets from the IRS, including real property, a vehicle, and a yacht, the Department of Justice said Monday. McAfee, the founder of McAfee Associates, has been charged with tax evasion and willful failure to file tax returns, according to an unsealed June indictment following his arrest in Spain. Prosecutors allege McAfee earned millions of dollars from promoting cryptocurrencies, consulting, speaking engagements, and selling his life story for a documentary—but failed to file tax returns from 2014 and 2018. To avoid tax liability, McAfee allegedly directed his income to several bank accounts and cryptocurrency accounts and bought several items, including real estate, a yacht, and a car. The indictment, however, does not allege McAfee received any income from the anti-virus company he once founded.
The announcement comes just hours after the U.S. Securities and Exchange Commission (SEC) sued McAfee for allegedly making over $23.1 million in undisclosed compensation by recommending seven cryptocurrency offerings on Twitter that were false or misleading. “Potential investors in digital asset securities are entitled to know if promoters were compensated by the issuers of those securities,” Kristina Littman, Cyber Unit Chief said in a statement, adding that McAfee “allegedly leveraged his fame to deceptively tout numerous digital asset securities to his followers without informing investors of his role as a paid promoter.”
Read it at Department of Justice
MEMPHIS, Tenn. (AP) — Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights to his life story for a documentary, prosecutors in Tennessee said Monday.
A June indictment charging McAfee with tax evasion and willful failure to file tax returns was unsealed in federal court in Memphis on Monday after McAfee’s arrest in Spain, where extradition to the U.S. is pending, the U.S. attorney’s office said in a news release.
James Gosling, the father of Java, one of the world’s most widely used programming languages, has talked with research scientist Lex Fridman about Java’s origins and his motivations for creating a language that would be used on tens of billions of devices and become central to the development of Android at Google.
Gosling designed Java 25 years ago while at Sun Microsystems. In 2009, Java would be one of the key reasons Oracle acquired Sun. According to Oracle, today there are 51 billion active Java Virtual Machines (JVMs) deployed globally.
But long before Oracle’s acquisition of Sun, Gosling said he and a team at Sun “kind of worried that there was stuff going on in the universe of computing that the computing industry was missing out on” – what would become today’s Internet of Things.
“It was all about what was happening in terms of computing hardware, processors and networking that was outside the computing industry,” he said.
“That was everything from the early glimmers of cell phones that were happening then to – you look at elevators and locomotives and process-control systems in factories and all kinds of audio and video equipment.
“They all had processors in them they were all doing stuff with them and it felt like there was something going on there that we needed to understand.”
At that stage C and C++ “absolutely owned the universe” and everything was being written in those languages.
Gosling says his team went on several “epic road trips” around 1990 to visit Toshiba, Sharp, Mitsubishi and Sony in Japan, Samsung and several other South Korean companies, and went “all over Europe” to visit the likes of Philips, Siemens and Thomson.
“One of the things that leapt out was that they were doing all the usual computer things that people