Three Indicted In Scareware Scam That Netted $100M
alphadogg writes “Three men are facing federal fraud charges for allegedly raking in more than $100 million while running an illegal ‘scareware’ business called Innovative Marketing that tricked victims into installing bogus software. The company’s products generated so many consumer complaints that in 2008 the FTC brought a civil action against Innovative Marketing and call center partner Byte Hosting, effectively putting them out of business. On Wednesday, a grand jury in Chicago handed down criminal charges, meaning the three men now face jail time if convicted.” One of the men indicted is in Ohio and the others are believed to be in Ukraine and Sweden. Microsoft’s Digital Crimes Unit helped out with the case.