Antivirus software pioneer McAfee charged by U.S. with cryptocurrency fraud

FILE PHOTO: John McAfee, co-founder of McAfee Crypto Team and CEO of Luxcore and founder of McAfee Antivirus, speaks during an interview in Havana, Cuba, July 4, 2019. Picture taken July 4, 2019. REUTERS/Alexandre Meneghini

NEW YORK/WASHINGTON (Reuters) - John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money-laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Justice Department said on Friday.

Authorities accused McAfee and his bodyguard, Jimmy Gale Watson Jr., of exploiting McAfee's large Twitter following to artificially inflate prices of "altcoins" through a so-called pump-and-dump scheme, and concealing payments McAfee received from startup businesses to promote initial coin offerings.