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According to a Securities and Exchange Commission (SEC) ruling, Jimmy Gale Watson, a former colleague of the now-deceased John McAfee, was fined for pump and The SEC ruled that Watson must pay approximately $375K in fines and that he should not be allowed to participate in any commercially or professionally offered security and ruled that he is not allowed to participate in any digital currency scheme.
Jimmy Gale Watson, a McAfee associate, was fined $375K and banned from professional securities and digital asset schemes
- The former “McAfee Team” associate entered a not guilty plea in March 2021, the case continued, andThe SEC’s Final Judgment, filed on July 13, 2022, required Watson to pay a fine of approximately $375K and ruled that the former McAfee associate is barred from handling securities and crypto assets in a professional manner.
- Manhattan U.S. Attorney Audrey Strauss detailed that when Watson was indicted, he allegedly utilized McAfee’s Twitter account to promote an ICO project. She noted that the McAfee Twitter account held “strong evidence.”
- “The defendant allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers promoting various cryptocurrencies by false and misleading statements to conceal their true, self-interested motives.” Strauss declared on March 5.
- Meanwhile, John McAfee reportedly committed suicide in Spain just over a year ago, but his widow Janice McAfee has not accepted the Spanish authorities’ story.” I don’t buy it,” McAfee’s widowexplainedin July 2021.
- Janice McAfee and other members of John’s family have petitioned the Spanish Superior Court to have a third party re-examine John’s body, and the legal matters behind the pending request have kept his body still in the morgue.
- Watson may face other fraud charges in the future, but adeath noticehas been issued. A death noticewas issued with respect to McAfee, and the SEC’s claim for relief from McAfee’s alleged crimes was waived.
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