Malware Gang's $14.8 Million Bank Account Frozen !!!

[INDRANIL]

The US Attorney's office has today frozen a Swiss bank account belonging to Sam Shaileshkumar. Mr. Shaileskumar, together with Björn Sundin were the main figures behind Innovative Marketing Ukraine, a malware house that was operating from Ukraine. Neither Shaileshkumar or Sundin were nationals of Ukraine themselves. Shaileshkumar holds a US passport while Sundin is Swedish.

The amount of money in the frozen account? A cool $14,800,000. This is believed to be only part of the proceeds IMU did while using malware to push out rogue security products such as "Systemdoctor".

More & Source .

[Neo]

again a shocking discovery

[Ceyfer √]

Innovative Marketing Ukraine

The company built its wealth pioneering scareware -- programs that pretend to scan a computer for viruses, and then tell the user that their machine is infected. The goal is to persuade the victim to voluntarily hand over their credit card information, paying $50 to $80 to "clean" their PC.

XP Antivirus,Vitae Antivirus, Windows Antivirus, Win Antivirus, Antivirus Pro,  Antivirus Action, Antivirus Pro 2009, Antivirus 2007, 2008, 2009, 2010,  and 360, AntiMalware GO, Internet Antivirus Plus, System Antivirus,  Spyware Guard 2008 and 2009, Spyware Protect 2009, Winweb Security 2008,  System Security, Malware Defender 2009, Ultimate Antivirus2008, Vista  Antivirus, General Antivirus, AntiSpywareMaster, Antispyware 2008, XP  AntiSpyware 2008, 2009 and 2010, Antivirus Vista 2010, Real Antivirus,  WinPCDefender, Antivirus XP Pro, Anti-Virus-1, Antivirus Soft,  Antispyware Soft, Antivirus System PRO, Antivirus Live, Vista Anti  Malware 2010, Internet Security 2010, XP Antivirus Pro, Security Tool,  VSCAN7, and Total Security.

Serving fresh malwares ( scareware ) since inception. Nice to know that, Goodbye!

[JayCub]

Thank you Indra some good news, i only wish that the frozen assets will be used for a good cause, thank you for the additional links Ceyfer

[sm1]

Looks like scareware is competing with security software companies in terms of revenue

[INDRANIL]

Yes indeed Jay that would be great . Well said sm . Thanks for the additional links ceyfer .