On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The legal tussle between the U.S. authorities and John McAfee continues as his associate Jimmy Watson has entered a plea. The former antivirus tycoon’s bodyguard has pleaded not guilty to the alleged cryptocurrency fraud case.
McAfee and Watson Jr. Are Accused of Having Built a ‘Pump and Dump’ Scheme
According to court documents, Jimmy Gale Watson Jr. entered his plea before the Magistrate Judge Kevin Fox at the Southern District of New York.
Watson Jr., a former navy seal, was arrested in Texas early this month, as the authorities indicted him with multiple charges that include money laundering and securities fraud. Law enforcement stated both McAfee and Watson allegedly “raked in more than $13 million” from crypto investors.
The personal bodyguard of McAfee ostensibly served as an “executive adviser” of the “McAfee Team,” which was the website built to offer tips targeted to crypto traders, allegedly endorsed by the controversial tech entrepreneur.
The DoJ announcement published on March 5, 2021, detailed the charges filed against both individuals:
Conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and money laundering conspiracy offenses stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities.
Moreover, per the U.S. authorities, both McAfee and Watson Jr. allegedly used McAfee’s personal Twitter to endorse digital assets to boost their prices before selling them and profiting from the “pump and dump” maneuver.
US Govt Is Working on Getting McAfee Extradited From Spain
Currently, McAfee is jailed in Spain, as the Spanish authorities arrested him for separate tax evasion charges.
As the former antivirus tycoon is pending to face legal troubles in North America, the U.S. government is working on extraditing him, as he allegedly failed to file tax returns.
If convicted in the context of such charges, McAfee could spend over five years in prison. Also, the extravagant tech personality is also facing legal troubles with the Commodity Futures Trading Commission (CFTC), which brought separate charges against him.
What are your thoughts on this latest development in McAfee’s saga with the U.S. authorities? Let us know in the comments section below.
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