Feds shutter spyware ring | CNET News.com
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The Federal Trade Commission has wrapped up its first major spyware lawsuit with a $4 million judgment against spam king-turned-spyware master Sanford Wallace.
A judge in the U.S. District Court for the District of New Hampshire has ordered Wallace and his company, Smartbot.net, to give up $4,089,500 in ill-gotten gains, the agency said Thursday.
“We got what we believe is a judgment for the full amount of disgorgement–the amount of money we believe he took in through the unfair distribution of spyware,” Rick Quarefima, the assistant director in the FTC’s division of advertising practices, said in an interview. The actual judgment was passed in late March, he said.
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