John McAfee arrested, indicted on tax evasion charges, sued for fraud

Cybersecurity eccentric, John McAfee, is under arrest in Spain awaiting extradition to the United States after being indicted on federal tax evasion charges. The filing alleges that McAfee deliberately not only avoided paying federal taxes from tax years 2014 through 2018 but also tried to hide considerable assets from the IRS. He allegedly hid those assets, including a yacht, a vehicle, real estate, bank accounts, and cryptocurrency, by purchasing and titling them under another name. McAfee has in the past taunted the IRS and bragged on Twitter about not filing tax returns for eight years. The DOJ alleges that he made millions in unclaimed earnings. There are also allegations that $23 million of his income was from committing fraud. If he is found guilty of the tax charges, McAfee could face up to five years in prison and a fine of $250,000 on each of the five counts of tax evasion and up to one year in prison and a fine of up to $100,000 on each of the five counts of willful failure to file a tax return.

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