Blog | G5 Cyber Security

Feds Seize Swiss Bank Account of Scareware Mogul

U.S. authorities seize $14.8 million stashed in a Swiss bank account by Shaileshkumar “Sam” Jain. He is charged with trafficking in counterfeit goods, wire fraud and mail fraud. Jain ran Innovative Marketing, which prosecutors say sold a million copies of fake antivirus products. The agency hopes to use the seized money to compensate Symantec for sales it lost due to the scam. Anyone with information is urged to contact ICE’s 24-hour tip line — 1-866-DHS-2ICE.”]

Source: https://www.csoonline.com/article/2128745/feds-seize-swiss-bank-account-of-scareware-mogul.html

Exit mobile version