Scareware-monger to cough up US$8m

 

Operators of Winfixer, Drive Cleaner and Antivirus XP to pay up.

The operators of a “scareware” scam have been ordered to pay US$8 million to settle US Federal Trade Commission (FTC) charges.

Seven defendants were charged with running the scam, which conned over one million victims to pay between US$40 and $60 for a products such as Winfixer, Drive Cleaner and Antivirus XP.

Like many scareware tactics, the operation relied on “technologically sophisticated” web ads which falsely claimed to find viruses, spyware and illegal pornography on victims’ PCs.

The alleged heads of the scam were, Marc D’Souza and his father, Maurice D’Souza.

The pair had kept their distance from the actual scam, but were alleged to have profited from it.

The duo have been fined a total of US$8.2 million, which the FTC said would be used to reimburse victims. The FTC banned the younger D’Souza from making deceptive claims about computer security software, among other constraints he will face.

Copyright © iTnews.com.au . All rights reserved.


Scareware-monger to cough up US$8m
"That $40M to $60M isn't profit. I'm sure these blokes had overheads. Quote: The pair had kept their distance from the actual scam, but were alleged to have profited from it. Not that I ..."
By Slatts
 
 
 
Comments: 3
realitybites
Jan 31, 2011 11:03 AM
wait.. one million victims each paying $40 to $60 = $40 to $60 million. The fine was 8 mill? So profit for them after the fine in the order of $32m to 52m ? Don't see much deterrent there for others, or am I missing something?
Ace
Jan 31, 2011 11:44 AM
One million is the allegation. It is not proven. That probably requires a class action.
Slatts
Jan 31, 2011 7:43 PM
That $40M to $60M isn't profit. I'm sure these blokes had overheads.

Quote:
The pair had kept their distance from the actual scam, but were alleged to have profited from it.


Not that I disagree with your sentiment.
I reckon that they should be stripped of every cent they own then made to work the rest of their lives to pay off the remainder of the money they stole.
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