John McAfee Among Defendants Named in Pump and Dump Lawsuit

[kreslik.news]

Eccentric cryptocurrency prophet John McAfee, along with a company that he is associated with, is being sued over an alleged pump and dump scheme.

A complicated story

McAfee is one of the defendants named in a lawsuit filed by Rosen Law Firm on behalf of current and former shareholders of MGT Capital Investments, which is also listed as a defendant. The plaintiffs claim monetary losses caused by purchasing artificially priced shares.

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The suit is linked to an investigation which the Securities and Exchange Commission, one of the US’ main financial regulators, initiated in September 2018. The ... (read more)