LifeLock founder resigns amid questions about his past

MSN Money ^ | June 12, 2007 3:05 PM ET | bizjournals

[APRPEH]

The decision comes amid a bevy of media stories scrutinizing his past, including three bankruptcies, a short stint in jail and 1996 Federal Trade Commission charges of false advertising in a prior business.

Employees of the identity theft-prevention firm were notified Monday of Maynard's resignation. LifeLock officials said Maynard wanted to spend more time with his family and the constant barrage of media inquiries "had become a major addition to his already heavy work load, as well as a distraction for the company."

[APRPEH]

for reference

[Incorrigible]

And thaaat my friends...
...
Is the rest.. of the story.

[APRPEH]

pinged due to an older post on this subject

[IllumiNaughtyByNature]

Isn’t this the guy who gave me his sSN number over the radio ad a few weeks ago?

[cmsgop]

Yup!

[theDentist]

Rush has been advertising this place for a month or so.

[IllumiNaughtyByNature]

Did you see at the bottom of the article, someone used his SSN to get a $500 loan at some payday type place in DFW? LOL!

[KarlInOhio]

Someone took him up on his offer and used his name and SS number at a payday loan place. Bwhahahahahaha!

[IllumiNaughtyByNature]

I saw that too (see post #7) and started LOL. That is just too funny. But, how did the user also get his wife’s cell phone number? That is the interesting part. The rest is just funny.

[cynwoody]

Did you see at the bottom of the article, someone used his SSN to get a $500 loan at some payday type place in DFW? LOL!

I didn't see it in the article, but there is an account here.

LifeLock blames the victim (the loan operation) for not actually running the SSN. If they had, they presumably would have seen the fraud alert in the credit report.

[Right Wing Assault]

So this loan place is stupid enough to give you a loan with an SSN and a phone number and no credit check? Good move. I guess they are trying to save money. I wonder if they will change their system. If not, they could get cleaned out in no time.

[IllumiNaughtyByNature]

Thanks for the link, I’m going to follow it now.

[NonValueAdded]

Thank you for posting a follow-up and sending out a ping. That was very thoughtful.

[FreePaul]

Kim Zetter isn’t much of a reporter if he/she/it can’t find and publish the name of the payday loan company. We all should have the opportunity to go there and get cash with a phony SS number.

[Chicos_Bail_Bonds]

Actually Nope. The guy who gave his SS # out is the current CEO of the company, not this guy that resigned. Different people.

[operation clinton cleanup]

Maybe its just me, but Lifelock seems to be on an add blitz the last couple weeks. I swear I heard Laura Ingraham doing a spot the other day.

[operation clinton cleanup]

Biltmore Venture officials told The Business Journal earlier this month that the latest round of funding would go toward beefing up advertising efforts.

Oh, thats why.

[A knight without armor]

Yes, that was part of his advertisement. Up until now I was planning in subscribing to Life Lock but now that’s on hold.

[Duke Nukum]

Don’t those places charge huge interest? A science teacher once told our class that fish are near sighted and they see the hook but they also see the work. I think this loan place is more interested in the high interest worm.

[IllumiNaughtyByNature]

There are plenty of credit watch companies. I’m sure a few FReepers could recommend a good one. I don’t kow of any. Possibly Consumer Reports rated some?