life lock

anyone use this I was thinking about getting the service.

 

From wikipedia:

Robert J. Maynard, Jr., one of the co-founders of the company resigned in June 2007 amid questions about his past.[18] Maynard spent several days in a Maricopa County Jail in 2003 because of an alleged unpaid $16,000 casino marker from The Mirage. Under Nevada law, casino markers are considered the same as checks. Maynard came up with the plan for LifeLock while sitting in his jail cell. An investigation by the Phoenix New Times revealed that $16,000 casino marker actually was his. The Mirage had gotten a copy of his Arizona driver's license when it made him the loan, and charges were dropped after Maynard repaid the marker. The New Times also found that Maynard had been banned for life from the credit-repair industry after an agency he owned was shut down for numerous deceptive practices. It also found evidence that he ordered an American Express card in his father's name and ran up $150,000 in fraudulent charges.[19]

In 2007, it was reported that the founder and CEO of LifeLock, Todd Davis, became the victim of fraud when someone used his published social security number to obtain a $500 loan.[20] LifeLock apparently investigated the crime and found the alleged criminal. In an agreement with LifeLock, the alleged identity thief agreed on camera to perform community service to avoid prosecution. However, police then claimed that the alleged identity thief could not be prosecuted because LifeLock coerced the suspect into making a videotaped confession that isn't admissible in court.[21]

In February 2008, the credit information company Experian sued LifeLock for fraud and false advertising. Experian alleged that LifeLock placed false fraud alerts on behalf of its clients, thus keeping LifeLock clients' files in a constant state of alert. It also charged that LifeLock used false and misleading advertising.[20][22] As part of a 2009 settlement, LifeLock set up a new proprietary service that doesn't rely on setting fraud alerts.[23]

A class action lawsuit alleges that as of 2008, there are at least 25 people using Todd Davis' social security number and that the advertising claims are misleading. The Company has responded demonstrating that the 25 alleged identity thieves are public records of failed attempts to use Todd Davis' identity.[24]

Later in 2007, the New Times reported that the services LifeLock provides are actually available for free with a few phone calls.[25] These findings were confirmed in 2008 by KGO-TV in San Francisco.[26][27]

In March 2010 LifeLock was fined $12 million by the Federal Trade Commission (FTC), "to settle charges that the company used false claims to promote its identity theft protection services, which it widely advertised by displaying the CEO’s Social Security number on the side of a truck."[6][7] FTC Chairman Jon Leibowitz, referring to the LifeLock TV ad showing the truck, said that "the protection they provided left such a large hole … that you could drive that truck through it.”[28] LifeLock will pay $12 million to settle charges by the FTC and 35 states that the company's Identity Theft Prevention and Data Security claims were false. [29]

In May 2010 the Phoenix New Times reported that LifeLock CEO Todd Davis has been a victim of identity theft at least 13 times since 2007, which is 12 more times than has previously been known.[30][31][32][33]

 

I read somewhere that the CEO of LifeLock had his identity stolen 12-14 times? because of him displaying is SS #?

 

thanks I will not be on life lock

 

Holy crap LOL.