Telemarketing Scheme

businessman signing a contract


A recent FTC Action charged various defendants in a telemarketing scheme targeting seniors.

“Defendants operate a fraudulent telemarketing scheme that bilks consumers
by offering bogus “risk-free” money-making opportunities. Defendants represent to their   consumer victims-many of whom are elderly or veterans-that the consumers will earn   substantial income through websites to be owned or invested in by the consumers.
Defendants collect hundreds or thousands of dollars from each victim, string their victims
along with bogus updates about the status of the victims’ investment earnings, and
ultimately cut off communications without providing the promised investment returns.

Defendants have charged individual consumers substantial amounts of
money, ranging from several hundred to more than $20,000, with total consumer injury  exceeding $9,000,000.


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