Kingpin in $100 million scareware scam was a fugitive |
| Kingpin in $100 million scareware scam was a fugitive Posted: 01 Jun 2010 03:04 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it.  The CEO of a company accused of making more than $100 million selling harmful "scareware" antivirus products was already a fugitive from U.S. authorities, following his arrest in 2008 on criminal counterfeiting charges. Shaileshkumar "Sam" Jain is one of three men who were charged by the U.S. Department of Justice on Wednesday for allegedly operating a massive scareware distribution ring. He's now thought to reside in Ukraine, but arrived there only after giving authorities the slip after being arrested by federal agents in 2008 on charges that his company sold counterfeit versions of Symantec antivirus products. Jain has been considered a fugitive by U.S. authorities since early 2009, when he skipped out on a $250,000 bond and failed to show up for a Jan. 12 California court appearance. Jain ran a Ukrainian company called Innovative Marketing, which prosecutors say sold an astounding 1 million copies of fake antivirus products such as WinFixer, Antivirus 2008 and VirusRemover 2008. According to court filings, Innovative Marketing was one of several companies that Jain operated, first selling counterfeit Symantec products and later moving into the scareware business with products such as WinFixer. Symantec had already gone after Jain in the courts, winning a $3.1 million judgment against him in 2005. Three years later, the U.S. Federal Trade Commission filed suit against Jain and the two other men charged Wednesday: Innovative Marketing Chief Technology Officer Bjorn Daniel Sundin and the man whose call center provided technical support for the products, James Reno of Amelia, Ohio. Sign up for our IT Business Newsletters
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