The Federal Trade Commission has settled a case involving two scareware scammers. The settlement will relieve the two defendants of having to fork over almost $1.9 million as part of a judgment made against them, but will still require them to forfeit $116,697 in assets to the FTC.
The two defendants, James Reno and ByteHosting Internet Services, LLC, were based out of Cincinnati when they began their “massive deceptive advertising scheme.” The two supposedly conned over a million customers into buying computer security software (such as WinFixer, WinAntivirus, DriveCleaner, XP Antivirus, and more) that ended up falsely claiming that they had found viruses, spyware, and porn on people’s machines. The software would then ask for money in order to rid the computers of these fake viruses.
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