A federal grand jury in Chicago indicts three men on charges of using fake advertisements to deceive consumers into thinking their PCs had suffered a virus, malware, or performance hit. The men allegedly helped their company, Belize-registered Innovative Marketing, to sell over one million bogus products, priced at $30 to $70, to victims in 60 countries, generating over $100 million in revenue. The indictment also charges the men, Bjorn Daniel Sundin, Shaileshkumar P. Jain and James Reno, with operating a Belize registered company.”]
Source: https://www.darkreading.com/attacks-breaches/feds-bust-scareware-ring