FTC: Cross-Border Telemarketing Scams Mount

Share this content:
Cross-border telemarketing fraud will result in an estimated $36.5 million in losses in 2001, the Federal Trade Commission told a congressional panel.


Speaking Friday before a subcommittee of the House Committee on Public Affairs, Hugh Stevenson of the FTC's Bureau of Consumer Protection said the phenomenon of cross-border telemarketing fraud appears to be growing. Last year, consumers reported $19.5 million in losses as a result of fraudulent telemarketing schemes based outside the country.


FTC statistics show that about 71 percent of all cross-border telemarketing complaints are made against Canadian companies, Stevenson said. Canada-based scam artists operate primarily out of Toronto, Montreal and Vancouver, British Columbia, and use a number of schemes, including those involving sweepstakes, advance-fee loans, lotteries and Internet auctions.


"The FTC has developed the ability to move quickly against domestic fraud, halting scams and recovering money," Stevenson said. "Pursuing those who victimize U.S. consumers from abroad is important as well, both to address the substantial harm foreign telemarketers now cause and to develop an approach to combating fraud in the emerging global marketplace."


Loading links....
close

Next Article in Postal

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here