All posts tagged “$120”

FTC says two bogus tech support operations scammed $120 million from customers

The Federal Trade Commission has temporarily closed two operations alleged to have tricked customers out of $ 120 million by providing bogus technical support. The commission has brought two cases against the groups, both of whom reportedly offered specious advice and fake security software to computer users, before charging money to “activate” the useless programs.

Jessica Rich, director of the FTC’s Bureau of Consumer Protection said that both operations “prey on consumers’ lack of technical knowledge with deceptive pitches and high-pressure tactics to sell useless software and services to the tune of millions of dollars.” One of the FTC’s cases named a group that offered a piece of software known as “PC Cleaner” to consumers, a…

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Department of Energy kicks off five-year, $120 million battery research program

spectre battery 555

Work has begun at a new research hub coordinated by the US Department of Energy (DoE), with the aim of revolutionizing battery technology over the next five years. According to a Computerworld interview with Energy Secretary Steven Chu, the ultimate goal of the project is to produce batteries which are five times more powerful than current technology at a fifth of the overall cost, with work being focused on products for transportation and the national power grid.

Now known as the Joint Center for Energy Storage Research (JCESR), the organization was announced in February as the Batteries and Energy Storage Hub, alongside $ 120 million in funding — the DoE then solicited applications from universities, independent laboratories, and…

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