By CCN Markets: Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie cryptocurrency ICO — and he doesn't want to hear any lip about it. The hilarity erupted this morning (Aug. 24) when McAfee tweeted that he had accepted an advisory…
By CCN Markets: Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie cryptocurrency ICO — and he doesn’t want to hear any lip about it.
The hilarity erupted this morning (Aug. 24) when McAfee tweeted that he had accepted an advisory position with China Zombie to create and promote their CZ Coin ($CZ).
McAfee told his Twitter followers not to criticize his forthcoming marketing of the ICO (initial coin offering). Why? Because he promises it’s going to be obnoxious and in-your-face.
McAfee cautioned his fans that, “You have been warned. I want no flack. Thank you.”
Basically, China Zombie insists that zombies exist and can be taught to use cryptocurrencies.
McAfee added that while he’s obviously shilling the China Zombie ICO because he’s getting paid, he says he’s “fascinated” by the zany concept.
“I only take jobs that fascinate me,” he claimed. “I’m fascinated. Who wouldn’t be?”
It’s unclear where China Zombie’s corporate headquarters are located. However, McAfee says the company is flying him to its Bhutan research facility next week, where he’ll allegedly be exposed to “real zombies.”
Here’s a suggestion: If McAfee channels Michael Jackson’s zombie music video “Thriller,” maybe the ICO could take off.
While McAfee is joking about shilling a dubious ICO, keep in mind that fraud is alarmingly widespread among crypto investment promoters, according to a report by the Texas State Securities Board.
Texas leads the United States in cryptocurrency crackdowns.
Moreover, celebrity ICO endorsers could be sued if they promote sham crypto products. As CCN reported, celebrity promoters could be charged with aiding and abetting alleged fraud.
Beth-ann Roth, a former SEC prosecutor and partner at Capital Fund Law, said, “[the lesson for celebrities is to] “know what you’re endorsing.”
While McAfee is shilling his zombie ICO, he’s still running for U.S. president.
Of course, in order for McAfee to win the U.S. presidency, he’d have to return to the United States. But that’s unlikely, since he’s a fugitive from the law for tax evasion.
In January 2019, McAfee admitted that he hasn’t filed a tax return in eight years. McAfee has also repeatedly slammed the U.S. government, claiming the Justice Department is manufacturing a bogus case against him for money-laundering and racketeering.
Last month, McAfee spent four days in a Dominican Republican jail for gun possession. Authorities discovered McAfee’s sizable gun collection while his yacht (which is his home) was docked in Puerto Plata, the New York Post reported.
Naturally, McAfee posted a series of shirtless jailhouse photos and videos because YOLO!
All jokes aside, John McAfee is an intriguing fixture of the crypto world. The bitcoin bull rose to fame for creating the McAfee anti-virus software program.
At the peak of his wealth, McAfee’s net worth reportedly topped $100 million. After the 2008 US financial crisis, McAfee claimed he lost most of his fortune.
Last modified: January 10, 2020 2:59 PM UTC