Feds indict John McAfee for cryptocurrency pump-and-dump fraud

“I am not pumping for my gain,” McAfee wrote. Prosecutors say that wasn’t true.

John McAfee on his yacht off the coast of Cuba in 2019.

Enlarge / John McAfee on his yacht off the coast of Cuba in 2019. (credit: Adalberto ROQUE / AFP / Getty)

Federal prosecutors have indicted noted cybersecurity eccentric John McAfee for securities and wire fraud for misleading investors at the peak of the last cryptocurrency boom. In late 2017 and early 2018, McAfee urged his hundreds of thousands of Twitter followers to invest in a number of obscure cryptocurrencies. Prosecutors say he failed to disclose his own financial stake in those tokens—and in some cases outright lied about it.

McAfee has been in custody in Spain since his arrest at a Barcelona airport last October. He was already facing extradition to the United States on tax evasion charges; the self-described Libertarian hasn't filed a tax return for several years. Now he will face additional charges of securities and wire fraud alongside bodyguard Jimmy Watson, who allegedly helped McAfee carry out some of his pump-and-dump schemes.

The criminal complaint covers much of the same ground as a civil lawsuit filed by the Securities and Exchange commission at the time of his arrest last October.

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Antisemitische Kontinuität

Zur Diskussion über eine uneindeutige Kunstfigur, verpackte Ressentiments gegen Juden und eindeutige Fortsetzungen von Propaganda-Botschaften

Zur Diskussion über eine uneindeutige Kunstfigur, verpackte Ressentiments gegen Juden und eindeutige Fortsetzungen von Propaganda-Botschaften

China’s and Russia’s spying spree will take years to unpack

Full extent of SolarWinds hack, Hafnium’s attack on Exchange Server may never be known.

China’s and Russia’s spying spree will take years to unpack

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First it was SolarWinds, a reportedly Russian hacking campaign that stretches back almost a year and has felled at least nine US government agencies and countless private companies. Now it’s Hafnium, a Chinese group that’s been attacking a vulnerability in Microsoft Exchange Server to sneak into victims’ email inboxes and beyond. The collective toll of these espionage sprees is still being uncovered. It may never be fully known.

Countries spy on each other, everywhere, all the time. They always have. But the extent and sophistication of Russia's and China’s latest efforts still manage to shock. And the near-term fallout of both underscores just how tricky it can be to take the full measure of a campaign even after you’ve sniffed it out.

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Search Engines Won’t Face Monopoly Investigation Over Pirated Content

Pirated eBooks and similar content will remain in search results after Russia’s Federal Antimonopoly Service declined to take action following a complaint from an anti-piracy group. According to FAS, Yandex and Mail.ru did not abuse their dominant positions by denying access to takedown tools because unfair competition can only take place when the parties operate in the same market.

From: TF, for the latest news on copyright battles, piracy and more.

SearchSending DMCA takedown notices for infringing content is something that happens millions of times every week in the West and while copyright holders feel the process is labored, huge quantities of content are quickly removed from search results.

In Russia the process has been streamlined following the signing of an anti-piracy memorandum and the introduction of a centralized takedown system. The signatories, which include the country’s largest tech and media companies, agreed to the creation of a database of infringing content, with the tech companies querying it and taking content down automatically.

While this system appears to be working as planned, publishers are currently excluded from the scheme, something which prompted them to file an unusual complaint in 2020.

Publishers File Complaints With Federal Antimonopoly Service

Under the umbrella of the Association for the Protection of Copyright in the Internet (AZAPI), last year major publishers Eksmo and AST (which together control 30% of the market), Alpina Publisher, Hachette subsidiary Azbuka Atticus, Mann, plus Ivanov and Ferber, filed complaints with the Federal Antimonopoly Service, claiming anti-competitive behavior by Yandex and Mail.ru.

Signed by AZAPI chief Maxim Ryabyko, the complaints alleged that Yandex, Russia’s leading search engine, was “abusing its dominant position” by not removing pirating eBooks from search results. This encouraged “unfair competition” from pirated content to flourish in its indexes.

The publishers said that while they have a site-blocking initiative underway with the assistance of the Moscow Court, pirate sites keep deploying mirrors to counter blocking. These quickly appear in Yandex’s indexes, undermining their work.

Mail.ru was accused of similar failings. As the owner of social media giants vKontakte, Odnoklassniki (Classmates) and Moi Mir, the company implements anti-piracy fingerprinting technology on vKontakte but AZAPI wants that to be expanded to other services and Mail.ru is currently not complying. According to AZAPI, this creates discriminatory conditions for copyright holders.

Federal Antimonopoly Service Rejects AZAPI’s Complaints

The recently published decision by FAS, as reviewed by Kommersant, states that while the publishers are not allowed to participate in the anti-piracy memorandum (and therefore have access to the expedited takedown program) that does not amount to discrimination on the part of Yandex.

The publishers are still able to file takedown notices with Yandex against pirated content via the company’s regular complaints system, FAS notes, which means that the companies aren’t left without an option to tackle infringing content.

More fundamentally, the Federal Antimonopoly Service found that since Yandex and Mail.ru operate in completely different markets to the publishers, there are no reasons to initiate proceedings against either for acting in an anti-competitive manner.

Yandex and Mail.ru Welcome The Decision

As expected, both companies welcome the decision by FAS not to open cases against them, arguing that the conclusion drawn by the anti-monopoly service makes perfect sense.

“We support the FAS decision and are confident that AZAPI’s accusations of unfair competition are groundless. Yandex is not a participant in the book market and does not distribute electronic or audio books,” Yandex’s press office said in a statement.

The search giant added that while it takes down copyrighted content as part of the memorandum, all other copyright holders can make use of its regular takedown system.

Mail.ru noted that the monopoly service is not the correct platform for this type of dispute.

“In our opinion, the FAS decision is obvious: we said earlier that AZAPI’s requirements are not subject to antimonopoly regulation. We always strictly comply with copyright protection legislation,” Mail.ru’s statement reads.

Publishers Demand Inclusion

Predictably, AZAPI is not happy with the FAS decision and has already indicated it will file an appeal. However, the problem from an enforcement perspective appears to lie with the exclusion of the publishers from participation in the memorandum, the terms of which are being written into law. On that front, progress is on the horizon.

During a meeting last December, Maksut Shadayev of the Ministry of Digital Development received a request for publishers to be included in the memorandum and the draft legislation based on it, when it is eventually passed into law.

In January 2021, telecoms watchdog Roscomnadzor confirmed that when the bill is eventually passed, it will enable copyright holders who were previously excluded – including publishers – to take part.

“With the adoption of the bill, the mechanisms of combating pirated content worked out during the Memorandum’s validity will be extended to companies that have not signed this document,” the watchdog said.

From: TF, for the latest news on copyright battles, piracy and more.

Westsahara: Marokko im Streit mit Deutschland

Die Bundesregierung zeigt sich besorgt über die Lage im besetzten Gebiet und hält an der Referendums-Lösung im Rahmen der Vereinten Nationen fest, die Marokko hintertreibt

Die Bundesregierung zeigt sich besorgt über die Lage im besetzten Gebiet und hält an der Referendums-Lösung im Rahmen der Vereinten Nationen fest, die Marokko hintertreibt