John McAfee - Cybersecurity Tech Company

1. JOHN MCAFEE Cybersecurity Tech Company Shield YOU ARE AT RISK Admittedly, that may be a little tongue in cheek blended with click-bait but, if you ever had a McAfee antivirus installed on your computer, you’ll see why this title makes sense. On March 5, 2021, John McAfee, the maligned founder of his eponymous cybersecurity tech company, was indicted on charges of securities fraud and money laundering. Over the years, McAfee, the celebrity and household name synonymous with anti-virus software, has had his share of bad publicity. THE RISE AND FALL OF MCAFEE As a society, we’re fascinated by stories of people who have beaten the odds, but we are titillated and wholly enraptured by stories of people who had it all – and lost it. McAfee falls into the latter camp. In 1992, he founded McAfee Security. In 2010, he sold it to Intel for $7.7 Billion. WHY HE ALLEGEDLY PERPETRATED MULTIPLE PUMP-AND-DUMP SCHEMES IN CRYPTO MAY BE EXPLAINED BY HIS “RICHES TO RAGS” DECLINE. THROUGH A SERIES OF ILL-TIMED AND BAD INVESTMENTS IN LEHMAN BROTHERS’ BONDS AND OTHER HOLDINGS AT THE HEIGHT OF THE FINANCIAL CRISIS, MCAFEE LOST NEARLY ALL THE WEALTH THAT HE HAD ACCUMULATED. HE SOLD REAL ESTATE, HIS JET, HIS AIRPLANE COLLECTION AND OTHER INVESTMENTS FOR PENNIES ON THE DOLLAR TO REMAIN SOLVENT. LAST YEAR, HIS NET WORTH WAS ESTIMATED UNDER $4 MILLION. NOT HIS FIRST RODEO McAfee, it seems, has worked hard to cultivate his “bad boy and bad actor” reputation. He’s had a series of encounters with the law – around the globe – and got the photo plus striped jumpsuit to prove it. As a named “person of interest” involving the death of his neighbor in Belize in 2012, McAfee went on the run. He beat the murder wrap but was in the hands of the police again a few years later. These two examples beg a bigger question. Why has the SEC not yet mandated – or at least secretly provisioned – the surveillance of social media to identify, document, report and halt the bad behaviors? HTTPS://WWW.SHIELDFC.COM/