Additionally, the Commission alleged that the tech titan engaged in a practice called scalping of at least one digital asset security. He allegedly accumulated a large amount of digital asset security and boasted about it on Twitter without disclosing his intention to sell it.
The SEC also named McAfee’s driver Jimmy Gale Watson, Jr. as a defendant in the case.
In a statement, SEC Cyber Unit Chief Kristin Litman said, “Potential investors in digital asset securities are entitled to know if promoters were compensated by the issuers of those securities. McAfee, assisted by Watson, allegedly leveraged his fame to deceptively tout numerous digital asset securities to his followers without informing investors of his role as a paid promoter.”
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