Facebook Spammers Make $20M, Get $100K Fine 74
jfruh writes "Adscend Media, which has been making up to $20M a year from so-called 'likejacking' spam on Facebook, has reached an agreement with the Attorney General of Washington to stop those activities and pay $100,000 in court costs. Among other nefarious techniques, Adscend would overlay Facebook 'like' buttons with provocative photos to spread links to ads from which Adscend would earn referral fees. Adscend also settled out of court with Facebook for an undisclosed amount."
Re:The world cators to con-artitst (Score:4, Insightful)
Sorry, you have to work on Wall Street from the inside. But every time there's a bull market in either stocks or housing, there should be another opportunity to hire "the smartest people in the room" who construct "fail-safe" financial instruments and strategies that nobody can understand, eventually managing to lose every cent of OPM (and require taxpayer bailouts) while raking in 8 or 9 figures USD for themselves for at least a few peak years.
Makes these spammers look like amateurs.
Better to ask forgiveness... (Score:5, Insightful)
Re:Bad summary? (Score:5, Insightful)
So you're saying that crime having a 95% return is OK?
Moral of the story (Score:5, Insightful)
Only in america.