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Showing posts with label loss. Show all posts
Showing posts with label loss. Show all posts

Friday, March 9, 2012

News Release from Symantec - GALAXY

Norton Mobile Security Protects Samsung GALAXY Smartphone Users Worldwide


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MOUNTAIN VIEW, Calif. – March 6, 2012 – Norton by Symantec (Nasdaq: SYMC) today announced that Samsung Electronics will provide Norton Mobile Security, an application for Android OS, to select smartphone users worldwide. Samsung will offer a full-featured, complimentary 90-day subscription of Norton Mobile Security in multiple languages to Samsung GALAXY users through Samsung Apps.

“We are pleased to extend our valued relationship with Samsung by helping to protect more of its customers’ devices and data from theft, loss and mobile threats,” said Janice Chaffin, group president, Consumer Business Unit, Symantec. “With smartphone sales now outpacing PC sales, cybercriminals are devising new threats everyday to steal from mobile users. Consumers need to be protected more than ever.”

Norton Mobile Security combines anti-theft features with powerful antimalware to protect user’s important data from loss, theft, viruses and other threats through the following features:
  • Remote Locate — Shows you the location of your smartphone so you can find if it’s lost or stolen.
  • Remote Lock — Lets you remotely lock your lost or stolen phone via the Internet or SMS to keep critical data safe and block unauthorized access.
  • Remote Wipe — Lets you remotely erase the data on your phone via SMS, blocking access to your private information. In addition, your phone is instantly locked if its SIM card is removed or replaced, so it can’t be used with another SIM card.
  • Anti-malware — Scans all files and application updates downloaded to your mobile phone and automatically detects and removes threats without slowing you down.
  • SD Card Scanning — Gives you the option of automatically scanning SD (Secure Digital) memory cards for threats when you plug them into mobile phone.
  • Automatic LiveUpdate — Automatically downloads and installs security updates keeping you a step ahead of cybercriminals.
Norton Mobile Security can be downloaded from the ‘Utility’ category in Samsung Apps or by entering ‘Norton Mobile Security’ into the search query at the Samsung Apps. Norton Mobile Security supports all Samsung Galaxy Android smartphones, including Galaxy S2 LTE, Galaxy S2, Galaxy Neo, Galaxy S Hoppin and Galaxy A. It is available in nine languages, including Korean, English, French, German, Italian, Japanese, Simplified Chinese, Spanish, and Traditional Chinese languages. A one-year license costs $29.99USD.

Wednesday, February 1, 2012

Man Indicted for $3 Million Ponzi Scheme

News release from the FBI, Kansas City:


Former Lee’s Summit Man Indicted for $3 Million Ponzi Scheme

U.S. Attorney’s Office February 01, 2012
  • Western District of Missouri (816) 426-3122

KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a former Lee’s Summit, Mo., man has been indicted by a federal grand jury for defrauding 39 investors in a $3 million Ponzi scheme.

Ronald W. Shepard, 72, formerly of Lee’s Summit, was charged in a 15-count indictment returned by a federal grand jury in Kansas City, Mo., on Tuesday, Jan. 31, 2012.

According to the indictment, Shepard’s company, Safety Solutions USA, LLC, in Lee’s Summit, developed and marketed a trailer hitch called Tow-Safe. A patent request for the trailer hitch safety device was filed, but rejected by the U.S. Patent Office. Shepard also operated a company called The Real Estate in Lee’s Summit.

Shepard received approximately $3,188,765 from approximately 39 investors from January 2006 through December 2009. Shepard returned approximately $1,235,853 to the investors, and lost or spent the rest, resulting in a minimum loss to investors of $1,825,883. Shephard is charged with 13 counts of mail fraud and two counts of money laundering related to the scheme.

Shepard, who prepared tax returns for individuals, discussed their investments and pitched his own companies as investments. Shepard allegedly claimed that investors would make anywhere from a 15 percent to 100 percent annual return on their investment. He allegedly failed to inform potential investors that the state had issued a cease and desist order that barred him from offering or selling any unregistered security.

Shepard allegedly told investors that their money was used to purchase property in Kansas City, the Lake of the Ozarks and Hawaii. Except for purchasing his own personal residence at the Lake of the Ozarks, the indictment says, Shepard did not purchase any real estate. Instead, the indictment alleges that Shepard used investor funds for personal living expenses, to pay other investors, to pay relatives, in disbursements of cash to himself and in real estate ventures.

According to the indictment, many investors liquidated their Individual Retirement accounts or 401(k) accounts and transferred the proceeds to Shepard for investment. Shepard allegedly told investors that if they liquidated retirement funds, thereby incurring penalties, he would refund their initial investment, plus the amount of penalty, plus interest.

The indictment also contains a forfeiture allegation, which would require Shepard to forfeit to the government any property derived from the proceeds of the alleged offenses, including $1,825,883.

Phillips cautioned that the charges contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.