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Alt-Weekly Investigation Reveals ID-Theft Entrepreneur's Shady Past

By AAN Staff
june 6, 2007  08:31 am
Alt-Weekly Investigation Reveals ID-Theft Entrepreneur's Shady Past
Last week, Phoenix New Times revealed that Robert J. Maynard, Jr., a founder of LifeLock, a company that offers to protect people from identity theft, is himself suspected of being an identity thief. Among New Times' findings: Another company Maynard owned, a credit-repair company called the National Credit Foundation, was investigated by state and federal authorities and was suspected of stealing money from its customers. Court records show that the company "withdrew funds from consumers' checking accounts without authorization." As Wired notes, Maynard denied wrongdoing, but the federal government issued a permanent injunction banning him from "advertising, promoting, offering for sale, selling, performing, or distributing any product or service relating to credit improvement services." In the meantime, one of LifeLock's competitors, Truston, seized the opportunity to offer a 50 percent discount to any current LifeLock customers.
View full article at Wired
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