Men Settle "Scareware" Scam with FTC for $8 Million

Two men who set up an alleged online scheme to scare more than a million people into buying bogus software have agreed to pay more than $8 million in "ill-gotten gains," the Federal Trade Commission announced. The men, a father and son, agreed to pay the money as part of a settlement after federal investigators accused them and five others of creating "scareware" to trick people into thinking their computers were infected.