Crypto millionaire John McAfee has tweeted that he has lost all of his digital fortune, as he sits in a Spanish prison awaiting extradition.
He acknowledged the claim may not sound honest to some people but insisted to his one million Twitter followers that it was the truth.
The 76-year-old millionaire turned pauper said that he “had nothing”, but he “regretted nothing”.
He argued that both his extradition – which is the result of tax evasion allegations against him – and his imprisonment are politically motivated.
“The US believes I have hidden crypto. I wish I did but it has dissolved through the many hands of Team McAfee (your belief is not required), and my remaining assets are all seized. My friends evaporated through fear of association.”
Some of the more serious charges against McAfee are about at least two “pump and dump” crypto scams in which it is alleged that the millionaire knowingly duped investors out of $13 million. He also failed to pay taxes between 2014 and 2018, which is another part of the charges against him.
McAfee failed to pay tax on revenue generated through consultancy work, paid crypto promotions, selling the rights to a documentary on his life and more.
He has been active on Twitter regardless, sharing his thoughts on his current predicament.
If the crypto guru and software whiz is sentenced, he may have to serve up to five years on each count of tax evasion and then at least one year on other charges, such as willful failure to file a tax return.
It's always good to know what the tax regime on crypto in your country is. In the meantime, you can always have a bit of fun at Bitcasino, 1xBit or FortuneJack, using any cryptocurrency you enjoy.
