The U.S. Securities and Exchange Commission filed a lawsuit against a colleague of the late John McAfee for engaging in initial coin offering (ICO) fraud.
- Top financial supervisor argue that Watson has helped John McAfee by working on promotional deals with various ICO publishers.
- He also allegedly helped McAfee to cash in some of the cryptocurrency payments it received.
- The final judgment against Watson barred him from buying, selling, or even offering digital assets in any professional capacity, and also slashed the total financial penalty to $ 375K.
- However, they can still buy or sell crypto on their personal behalf and with their personal accounts.
- The SEC also accused Watson and McAfee of promoting and engaging in various pump and dump schemes while accumulating large positions and then promoting them on Twitter to millions of followers owned by antivirus tycoons.