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You are here: News > News > Hundred-million-dollar scareware criminals charged
| » IT Security NEWS |
| » 30 May 2010 |
| Hundred-million-dollar scareware criminals charged |
The three crooks, which were responsible for an incident of scareware, were charged with a case by the US federal prosecutors. These men were answerable for scamming many web users by having them purchase 100-million-US-dollar worth of counterfeited security products.
Bogus company as a cover for a scam
Based on the investigation, the three individuals created a fake company that they named as Innovative Marketing. This corporation was used to trade non-existent security applications namely the “DriveCleaner” and “ErrorSafe”. These so-called products were sold at around 50 US dollars per customer.
Vicious methods are formulated to take money from users
The security researchers determined this security program as a type of a scareware. This was utilized in a way that it scans the entire system of the soon-to-be victim and it claims that there is an existing malware within the computer. The scam goes further while it asks a certain amount of money in exchange of cleaning the machine.
Criminals can never get away
The first of the three alleged men was the 31-year-old citizen of United States Bjorn Daniel Sundin, who currently resides in the country of Ukraine. The second is Shaileshkumar P. Jain, 40 years old and a person based at Sweden as its citizen. The last of the three people was the resident of Amelia, Ohio, who is 26 years of age James Reno. These three were charged for manufacturing many bogus advertising agencies. In addition, these agencies occupied about 85,000 US dollars worth of the legal space that no one dared to pay for.
Common modus operandi is apparent
A new page will appear once an individual believes and click a certain web advertisement. According to the reports, the men utilized online ads in order to sell some forms of bogus drugs. A case of one computer fraud and scheme of performing such activity was filed against the men. These people were also charged with many wire fraud cases.
A punishment of a total of 20 years of imprisonment will serve as punishment for the men once they are found responsible for the cases they are accused of. In addition, there will also be a penalty of 250,000 US dollars for every case of wire fraud that they committed. This is done in order to gain back all the money that was lost by the authorities from a bank located in the country of Ukrain.
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