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Software Icon McAfee Charged in Cryptocurrency Scam

Software Icon McAfee Charged in Cryptocurrency Scam
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Software Icon McAfee Charged in Cryptocurrency Scam

Software Icon McAfee Charged in Cryptocurrency Scam

The creator of McAfee computer security software was facing charges Friday that he cashed in on a "pump-and-dump" scheme, by promoting cryptocurrencies on Twitter to drive up their value.

John McAfee, founder of the antivirus firm that bears his name, and Jimmy Watson face charges of conspiracy, fraud, and money laundering in connection with schemes to trick cryptocurrency investors, according to an indictment unsealed by the US Department of Justice.

"McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception," US attorney Audrey Strauss said in a release.

McAfee, Watson, and other members of their "cryptocurrency team" allegedly "raked in more than $13 million from investors they victimized with their fraudulent schemes," according to Strauss.

Pump-and-dump schemes typically involve over-hyping the value of stocks or, in this case cryptocurrency, by holders so that they can be sold at artificially high prices.

"McAfee and Watson used social media to perpetrate an age-old pump-and-dump scheme," FBI assistant director William Sweeney said.

"When engaging in illegal activity, simply finding new ways to carry out old tricks won't produce different results."

McAfee and Watson also used Twitter to promote digital tokens on behalf of initial coin offerings without disclosing they were being paid for their efforts by the startups, according to the indictment.

McAfee, 75, is in custody in Spain pending a decision on his extradition to the United States where he is wanted for tax evasion.

He has been held at a prison near Barcelona since he was arrested in the Spanish city in October just as he was about to board a flight to Istanbul.

The arrest followed his indictment in June in the United States for tax evasion and willful failure to file tax returns between 2014 and 2018, despite earning millions from consulting work, cryptocurrencies and selling the rights to his life story.

Since making a fortune with his eponymous antivirus software in the 1980s, McAfee has become a self-styled cryptocurrency guru.

He has one million followers on Twitter, where he describes himself as a "lover of women, adventure and mystery."

McAfee made headlines after he moved to Belize and his neighbor in the Central American country was mysteriously murdered in 2012, a crime that remains unsolved.

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World

US Lawmaker Says He Was ‘Detained’ by Israeli Settlers in West Bank

US Representative Ro Khanna (D-CA) speaks with a Palestinian resident of Turmus Ayya, near Ramallah, during a visit in the Israeli-occupied West Bank, July 9, 2026. (Reuters)
US Representative Ro Khanna (D-CA) speaks with a Palestinian resident of Turmus Ayya, near Ramallah, during a visit in the Israeli-occupied West Bank, July 9, 2026. (Reuters)
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US Lawmaker Says He Was ‘Detained’ by Israeli Settlers in West Bank

US Representative Ro Khanna (D-CA) speaks with a Palestinian resident of Turmus Ayya, near Ramallah, during a visit in the Israeli-occupied West Bank, July 9, 2026. (Reuters)
US Representative Ro Khanna (D-CA) speaks with a Palestinian resident of Turmus Ayya, near Ramallah, during a visit in the Israeli-occupied West Bank, July 9, 2026. (Reuters)

A prominent Democratic US lawmaker from California, Ro Khanna, said Saturday he was "detained" by armed Israeli settlers along with other Americans during a visit to the Israeli-occupied West Bank and said the military was complicit in the incident.

"Israeli settlers, brandishing American made M4s, detained me & other Americans on my trip to Palestine," Khanna said in a post on X.

When the Israeli military arrived at the scene, he added, "they sided with the settlers & continued our detention. They made a huge mistake."

Footage and accounts provided to The New York Times by Khanna and his team shows a group of armed men blocking the road outside a small village in the southern West Bank and swearing at them in Hebrew and Arabic.

Khanna told the Times that when the Israeli troops arrived at the scene, the soldiers spoke to the settlers and subsequently blocked the road themselves when the settlers left.

After calls to the US embassy and Israeli police, Khanna said he was allowed to pass.

The Israeli army did not immediately respond to an AFP request for comment.

The United States is a staunch ally of Israel, but some lawmakers, especially Democrats, have vehemently criticized Israel's military offensive in Gaza, and more generally the treatment of Palestinians in the occupied territories.

World

Floods in Bangladesh Kill 44, Leave Over a Million Stranded

11 July 2026, Bangladesh, Dhaka: People wade through floodwaters in Dhaka, after torrential rain caused severe flooding and waterlogging across parts of the country. (dpa)
11 July 2026, Bangladesh, Dhaka: People wade through floodwaters in Dhaka, after torrential rain caused severe flooding and waterlogging across parts of the country. (dpa)
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Floods in Bangladesh Kill 44, Leave Over a Million Stranded

11 July 2026, Bangladesh, Dhaka: People wade through floodwaters in Dhaka, after torrential rain caused severe flooding and waterlogging across parts of the country. (dpa)
11 July 2026, Bangladesh, Dhaka: People wade through floodwaters in Dhaka, after torrential rain caused severe flooding and waterlogging across parts of the country. (dpa)

Floods and landslides triggered by days of torrential monsoon rain have killed at least 44 people in southeastern Bangladesh and left over a million stranded as authorities raced on Saturday to deliver aid to devastated communities.

The disaster management ministry said on Saturday that flooding across seven districts — Chattogram, Cox’s Bazar, Bandarban, Rangamati, Khagrachhari, Moulvibazar and Habiganj — has disrupted daily life, isolated thousands of families, and stranded 267,918 households.

Power outages, damaged roads and broken communication ‌links have slowed ‌rescue and relief efforts. Many residents have been unable ‌to ⁠cook for days ⁠as flood waters submerged their homes, while others are struggling after thick layers of mud covered kitchens and living spaces.

“There is still water inside our home and we have no way to cook. The dry food we had has run out, and we spend the nights in the dark with our children because there is no ⁠electricity,” said Nurul Islam, a resident of a flood-hit ‌area in Chattogram.

Thousands of families are ‌relying on dry food — flattened rice, puffed rice or biscuits that do ‌not require cooking — and emergency relief. Washed-out roads and damaged bridges, ‌however, have made it difficult for aid workers to reach some of the hardest-hit communities.

Army and navy personnel are ferrying food, drinking water, medicines and other essential supplies by boat to isolated communities, as authorities step up relief ‌efforts.

"The government is doing everything possible to support flood victims. Relief, safe drinking water and medical supplies are ⁠being distributed, ⁠and we urge people whose homes have been inundated to move to the nearest shelter," Disaster Management and Relief Minister Iqbal Hossain said during a visit to affected areas in Chattogram.

The heavy rain also triggered landslides in Rohingya refugee camps in Cox’s Bazar earlier this week, killing 16 refugees, including women and children. More than one million Rohingya refugees live in the camps, where makeshift shelters on steep, deforested hillsides are especially vulnerable during the monsoon season.

Bangladesh is one of the world’s most disaster-prone countries, with seasonal monsoon rains regularly causing floods, river erosion and landslides. Scientists say climate change is making extreme rainfall more frequent and intense, increasing the scale and severity of such disasters.

World

Iran Warns It Will Not Be Bound by Deal with US if Violations Continue

An Iranian woman walks near an anti-US mural in a street in Tehran, Iran, 09 July 2026. (EPA)
An Iranian woman walks near an anti-US mural in a street in Tehran, Iran, 09 July 2026. (EPA)
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Iran Warns It Will Not Be Bound by Deal with US if Violations Continue

An Iranian woman walks near an anti-US mural in a street in Tehran, Iran, 09 July 2026. (EPA)
An Iranian woman walks near an anti-US mural in a street in Tehran, Iran, 09 July 2026. (EPA)

Iran warned that it would no longer be bound by a deal with the US aimed at ending the Middle East war if Washington's violations of the agreement continued, state TV reported on Saturday.

Referring to the deal struck with the help of Pakistani mediation, Tehran's UN ambassador said in remarks in New York on Friday "that if the United States continues to violate its obligations under the Islamabad Understanding, Iran will no longer consider itself bound by its commitments under that understanding", according to a statement carried by state broadcaster IRIB.

The Iran-US deal was preceded by an April ceasefire, but the two sides have exchanged significant fire in recent days over the Strait of Hormuz, threatening talks laid out under the deal aimed at finding a permanent resolution to the war.

Following the exchanges, US President Donald Trump declared the ceasefire over, but said talks with Iran would continue.

In his remarks to reporters on Friday, Iranian UN representative Amir Saeid Iravani said Washington had "violated its obligation by launching and continuing large-scale military attacks against Iran's sovereignty and territorial integrity".

"Iran remains committed to the faithful implementation of (the) Memorandum of Understanding provided that the United States fully and faithfully complies with its own obligations," he added.