Company CEO Accused of Selling Scareware Already a Fugitive

Shaileshkumar "Sam" Jain, CEO of a Ukrainian company called Innovative Marketing, is accused of making more than $100 million selling "scareware" anti-virus products.

By  Kara Reeder | Jun 1, 2010
Print ArticleEmail Article
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Shaileshkumar "Sam" Jain, the CEO of a Ukrainian company called Innovative Marketing who is accused of making more than $100 million selling "scareware" anti-virus products, was already a fugitive from U.S. authorities. 

According to Computerworld, Jain gave authorities the slip following an arrest by federal agents in 2008 on charges that his company sold counterfeit versions of Symantec anti-virus products. Jain then moved on to selling a shocking 1 million copies of fake anti-virus products such as WinFixer, Antivirus 2008 and VirusRemover 2008.

Two other men face charges as well: Innovative Marketing Chief Technology Officer Bjorn Daniel Sundin and the man whose call center provided technical support for the products, James Reno of Amelia, Ohio.

None of the men are in custody.

Comment and Contribute
(Maximum characters: 1200). You have
characters left.
Get the Latest Scoop with Enterprise Networking Planet Newsletter
Helpful Links

  • Yankee Group Mobile WAN Optimization Report

    Mobile work continues to evolve. Your organization must keep up with the demands of its mobile workforce. This report introduces the concept of mobile WAN optimization and provides three case studies including RCM, PRTM and Einstein that highlight how this emerging technology can help IT departments achieve what previously appeared to be conflicting goals. Read >

  • Network Security Resources

    More threats than ever before pose a danger to today's enterprise network. Get the latest tips and intel on the newest risks in our guide to network security resources. Read >

  • Extreme Savings: Cutting Costs with WAN Optimization

    Did you know it's possible to cut IT costs without impacting day-to-day IT operations? In fact, when you download this whitepaper from Riverbed on cost-savings through WAN optimization, you'll discover how businesses of all different sizes have realized a return on investment in just a few months through significant hard cost savings in areas such as bandwidth reduction and IT consolidation. It's called Extreme Savings and its only from Riverbed. Read >