Connect with us

Technology

John McAfee endorsed Bitfi wallet’s CEO was under SEC radar

Priya

Published

on

John McAfee endorsed Bitfi wallet's CEO was under SEC radar
Source: Unsplash

John McAfee, the Founder of McAfee Associations, a software company, and a well-known crypto influencer has endorsed a wallet whose CEO was previously under the U.S Securities and Exchange Commission [SEC] scanner.

The CEO of Bitfi, Daniel Kehsin, was previously the CEO and President of D.S Healthcare Group, Inc. The company’s board and management sought for the Federal Government in order to protect the shareholders after Daniel unlawfully took control of the D.S Healthcare Group, Inc.

SEC press release regarding Daniel Khesin

SEC press release regarding Daniel Khesin || Source: SEC

The company states that Khesin seized control of the company after unlawfully claiming that he had votes from the individuals who had a majority of the company’s outstanding common stock. Khesin further dismissed the Board of Directors of the company and announced that he would be creating a new one with his claims of having the majority votes. Following which, the board stated that this was a violation of Federal Securities law which required him to disclose the facts regarding the event.

Khesin also failed to issue a notice and holding a shareholders meeting before dismissing the company’s board. He was accused of accessing emails of the board member without any authorization and refused to give the employees full access to the computer network to do their work. He further used the computer networks to seek information to use against the board members. Furthermore, he defamed the audit committee and Chief Executive Officer by releasing a press statement.

Mr. Kehsin’s recent actions in his previous company

Mr. Kehsin’s recent actions in his previous company|| Source: SEC

Following this, the case was handled by the U.S. District Court of Southern Florida. The District Judge, William P. Dimitrouleas granted ‘Motion to Terminate Fox Rothschild and to strike Verified Emergency Motion for Temporary Restraining Order and Preliminary Injunction’.

Court records related to the case || Source: SEC

Court records related to the case || Source: SEC

Along with this, CryptoPujeet, a Redditor said that Bitfi wallet which claims to be unhackable and promoted by John McAfee is just a ‘marketing gimmick’. The ‘unhackable wallet’ claims to be an open-source wallet but has not released the code which is contrary to the statement.

CryptoPujeet said:

“BitFi’s CEO one Daniel Khesin was under the SEC scanner wherein he is alleged inter alia to have violated duty to shareholders, physically taking control of the company’s headquarters and misappropriating company’s property after his termination from the company.”

He further commented:

“Last but not the least, any crypto company choosing to hire McAfee for promotion needs to be seen with suspicion. Its really guilty until proven otherwise. No one is in a hurry to forget all the PND scams McAfee has been involved in. Since the SEC’s crackdown on celebs promoting ICOs and shitcoins, his stream of income has died down and this is nothing but a meek attempt to revive his image by promoting the least secure hardware wallet product out there.”



Follow us on Telegram | Twitter | Facebook



Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Advertisement
Advertisement

Trending

Subscribe to AMBCrypto's Newsletter