According to the FBI, Shaikh was one of YouSendIt's founders when the company was established in 2004. He served as the company's chief executive officer until August 2005. He then served as the company's chief technology officer until he left the company in November 2006.
In August, Mobile Crunch reported that Shaikh had been banned from the iPhone app store after creating more than 900 useless apps that were mostly links to websites. How they got through the app approval process is another story.
For his part, Shaikh claims he is innocent. The maximum penalty for each count of mail fraud is five years imprisonment, three years of supervised release and a fine of $250,000, plus restitution if appropriate.
[Via The Alarm Clock]