The SEC won a final judgment in federal court against Jimmy Gale Watson, John McAfee's assistant, for his alleged role in promoting initial coin offerings on social media.
The SEC won a final judgment in federal court against Jimmy Gale Watson, John McAfee’s assistant, for his alleged role in promoting initial coin offerings on social media.The US Securities and Exchange Commission on July 14 obtained a final consent judgment against John McAfee's former assistant Jimmy Gale Watson, Jr., for his alleged role in McAfee's initial coin offering promotion.
Watson will not have to pay a civil fine, the court ruled. McAfee is alleged to have earned more than $23 million from the scheme. A separate charge alleged the two men engaged in a"scalping" scheme by promoting crypto assets on Twitter without disclosing that they had accumulated a large position of digital assets in McAfee's accounts with the intent of selling it.
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