Conduit Itself is not bad, what is bad is the toolbars that use it to exploit you, which it will. It acts as an injection point for malicious code.
I use a Conduit Toolbar I made myself, and it never causes me any problems.
You will ahe to use "Unlocker" to delete the folder, look for it on Major Geeks - Read the messages, especially the one I posted, the warning, it has Babylon added to it. Use Custom Install and then OPT OUT of Delta Toolbar.
Babylon will install "Tarma Installer" - And it will show up under Program Data folder.
But if you OPT OUT properly from the spamads in the Unlocker Installer, then you can use the Unlocker Assistant to vanquish that empty folder.