John McAfee, the known name of the crypto industry and father of McAfee antivirus and Ghost Coin, has been trapped in the law cycle for concealing his earnings and non-payment of duty.
John McAfee is in Jail: McAfee is Guilty to Crypto Tax Evasion
It has been considered that John has not been paying charges always for a very long time, and he is persistently concealing his profit and counting on it and keeping it in the crypto in the exchange or wallet.
One has put resources into yachts, vehicles, and different properties and kept this data covered up.
The Security and Exchange Commission has also made a legal move against John. He expressed that John had promoted some ICOs among December and January 2018 on Twitter, and he was given $ 23 million for it.
John is a brand, and he says, But investors put away cash. John lied(John McAfee is in Jail) that he didn’t furnish these ICOs with any money, yet he resembles investors in these ventures.
If every one of these things is shown right, at that point, John could be jailed for a very long time due to non-payment of duty and one year due to non-payment of tax.
You have to pay tax to the government on your earnings,(John McAfee is in Jail) even if you are earning money in any way. The tax department does not take any instructions about making black or white; they say that you should pay tax on whatever source you have earned.
The government has not directly imposed any tax on the script. But you know that you are making money from crypto, then you must pay its tax; otherwise, you can get into trouble in the future like(John McAfee is in Jail) John.