FBI Agents Search for Malicious Software Scammer - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

FBI Agents Search for Malicious Software Scammer

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Surfing the Internet is a great way to find information or products that you want. But along with all the legitimate websites and retailers, there are also countless hidden dangers.

The FBI said it is searching for a man that was all about harm in the name of help.

It said Shaileshkumar Jain, or Sam Jain as he's been known, was an internet entrepreneur who set up a company called Innovative Marketing.

Here's what the FBI alleges: From 2006 to 2008, Jain and his accomplices placed fake advertisements on legitimate websites and when people clicked on thee ads, it caused "malware" or malicious software to be placed on their computers which deceived people into believing their computers had been hacked or were experiencing critical errors.

The malware then encouraged people to purchase software products that had limited or no ability to fix the purported problems. This malware is commonly called "scareware."

Jain and his alleged co-conspirators were indicted for defrauding a lot of people, as part of an international cybercrime conspiracy.

The FBI said Jain may be responsible for defrauding more than 1 million people in 60 countries out of possibly $100 million, money they paid to buy bogus software to fix the supposed problems on their computers.

In addition Jain is charged with bilking legitimate companies out of $85,000 for the ads they placed but never paid for.

The FBI said Jain also sent emails in February and March of 2007, to purchase internet ads from a Chicago company, ads that contained that hidden software that caused infections on people's computers.

In addition the indictment lists half a dozen victims in the Chicagoland area who were defrauded by purchasing the bogus anti-virus software from innovative marketing for anywhere from $50-$110.

The indictment in this case came down in 2010, but this was not the first time Jain was charged with cybercrimes. He is accused in California of committing similar crimes, but jumped bail forfeiting $250,000.

Jain is United States citizen. He also has ties to Brazil, Canada, India and the Ukraine. The FBI said it's not sure where he might be, but said there's a good chance some people in Chicago may know where he is.

There is a $20,000 reward being offered for information that leads to his arrest.

Jain is described as a white male of Indian descent.

He's 5’8” and weighs about 180 lbs. with black hair and brown eyes. He speaks English, Hindu and Portugese.

If you see him, you're asked to call police.

 

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