Saturday, December 13, 2008

Frederick Woman accused of million $ fraud

The Federal Trade Commission claims a local Frederick woman participated in a Internet business that tricked people into buying computer anti virus programs.

Accused of being involved in a $100,000,000 scheme, known in the online advertising business as scareware, the FTC says over 1,000,000 people were hustled into thinking their computers were under attack from a non existent virus.

A company known as Innovative Marketing Incorporated, based in the Central American country of Belize, and operates an Ohio based company: ByteHosting Internet Services, according to FTC papers.

Kristy Ross of Walkersville is alleged to be the companies vice president of business development.

A Baltimore federal court judge ordered six absent defendants yesterday - including one from Maryland - to shut down Internet businesses that the Federal Trade Commission claims are part of a vast $100 million "scareware" scheme that tricked more than a million people into purchasing useless security software by making them think their computers were under attack.

"The evidence in this case is quite overwhelming," said U.S. District Judge Richard D. Bennett.

He also extended a freeze on the defendants' assets and signed an order requiring them to show why they shouldn't be held in contempt of court for missing the hearing and ignoring an earlier restraining order.

Bennett promised he would issue arrest warrants within five days if this round of orders in the civil case is ignored

For the rest of the story click here

Issue #31
December 13, 2009
Life in Frederick Maryland

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