Scareware scammer makes 10 million bucks in 3 years

A hearty slap on the back must go to authorities in South Korea who have arrested and charged the 41 year old ex-CEO of an antivirus software company with distributing fake security scareware. Lee Shin-ja was formerly CEO with security outfit Media Port, and stands accused of distributing the 'free' bogus software to an astonishing 3.96 million users since 2005, with 1.26 million of them going on to buy the full product. Of course, they only reached for the wallet after being presented by fake security warnings in the free product which directed them to upgrade in order to clean the non-existent infection from their PC.