Federal authorities have seized all the cash in a Swiss bank account held by a scareware mogul and scam artist who is charged with selling phony Symantec security software.
The CEO of a company accused of making more than US$100 million selling harmful "scareware" antivirus products was already a fugitive from U.S. authorities, following his arrest in 2008 on criminal counterfeiting charges.
Three men are facing federal fraud charges for allegedly raking in more than US$100 million while running an illegal "scareware" business that tricked victims into installing bogus software.
Scammers have quickly piggybacked onto news of a buggy McAfee antivirus update that clobbered thousands of computers, security researchers said today.
A new scareware package tries to sell bogus antivirus software to its victims using an apparent endorsement of the software by Microsoft.
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