Penalty Amount
$5,200
The New Jersey Attorney General and FTC settled with app developer Equiliv Investments and Ryan Ramminger for distributing the Prized app that contained malware to mine cryptocurrency without user consent. The settlement prohibits such activities, requires record-keeping for 20 years, and imposes a $5,200 penalty with an additional $44,800 suspended.
Defendants are prohibited from marketing or selling malware products and from making misrepresentations in software sales. They must provide financial, personnel, and other records to authorities for 20 years and pay $5,200, with an additional $44,800 suspended pending compliance.
Entity
Equiliv Investments and Ryan Ramminger
Also known as: Equiliv Investments
Industry
TechnologyOfficial Press Release
https://www.njoag.gov/new-jersey-division-of-consumer-affairs-federal-trade-commission-reach-settlement-with-developer-of-mobile-app-that-allegedly-hacked-new-jersey-smartphones-with-harmful-malware-2/
New Jersey Attorney General Enforcement Page
https://www.njoag.gov/about/divisions-and-offices/division-of-consumer-affairs/
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