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John McAfee Flees U.S. On Boat To Escape Tax Fraud Charges

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Internet security expert and cryptocurrency enthusiast John McAfee announced that he has fled the United States as he is facing tax fraud charges by the country's tax authorities.

McAfee, who has already announced his 2020 presidential bid, released a series of videos on Twitter that shows him "living in exile" on a luxury boat, so that US authorities cannot arrest him.

McAfee has posted photos of him with his wife Janice and possibly the four unknown campaign members accompanying him.

In one of the tweets, he has hinted that he is heading to Venezuela.

McAfee said he was charged for "using cryptocurrencies in criminal acts" by a Tennessee court. He also said that his wife and four members of his presidential campaign have also been charged with "unspecified charges of a felonious nature".

In the video published on Tuesday, McAfee said he plans to release campaign videos every day while in exile.

"I do not want to be president! I just want the stage. I just need to run. I did it once before in The Libertarian Party," according to him.

The founder of the computer anti-virus company named after him, McAfee says he has got problems with the Internal Revenue Service (IRS).

The 73-year-old tycoon, who openly defies US tax system, admits that he has not paid taxes for eight years.

"I'm challenging the agency responsible for fueling our Government's madness — the IRS. The IRS will not sit idly by. I know this. But I have prepared my entire life for this battle," he tweeted.

McAfee is currently the CEO of MGT Capital Investments, which also mines bitcoin and other cryptocurrencies. He has been extremely bullish about bitcoin, predicting in July 2017 that the price of one bitcoin would jump to $500,000 within three years.

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