How Much Does Telemarketing Fraud Cost The Public Each Year ?  

How many of us feel irritated when we receive unwanted calls from some marketing company and receive unwanted information.

          When the phone rings, most people expect to hear their near and dear ones calling. However, when it turns out to be a telemarketer, it becomes extremely frustrating to answer hundreds of their questions. For all you know you may not be interested in what they have to offer. However, not many people have heard or know about the telemarketing scams that sell fake products.Telemarketing fraud is just like an Internet fraud. In this case, an imposter will be trying to extract information like bank account or credit card details so that they can misuse it. It may not be a telemarketing company in reality.

        Here are some of the findings about the telemarketing fraud that occurs every year:

  • The cost of telemarketing fraud to the consumers is pegged at a whopping $40,000,000,000 each year.
  • Usually senior citizens are targets and victims of telemarketing fraud.
  • Telemarketers involved in fraud have a list known as mooch list, which contains names of consumers, who are considered to easy prey.
  • As per the American Association of Retired Persons, 56 percent names on mooch lists are of people who are aged 50 years and above.
  • The Department of Justice undertaken many operations to investigate and prosecute perpetrators of telemarketing fraud. Some of the operations are Operation Disconnect, Operation Upload and Operation Senior Sentinel.
  • The FBI has lent support and resources to help numerous organizations like the American Association of Retired Persons to conduct awareness programs to warn seniors whose names are present on mooch lists that were confiscated during various investigations.
  • The Administration on Aging was established for seniors to offer information, assistance and awareness based on each person's special circumstances so that they will not become easy victims of telemarketing frauds. The Administration also takes it upon itself to impart information to seniors about the dangers associated with telemarketing fraud.

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How Much Does Telemarketing Fraud Cost The Public Each Year
 

Protect-Yourself-From-Telemarketing-Fraud      As an individual it is your responsibility to protect yourself from any kind of fraud or getting cheated. If you are vulnerable, then you will get cheated. So, one should constantly increase their awareness to the newer types of fraud that are taking place, and also keep updated on how to protect themselves. Seniors and older people are most susceptible to telemarketing and Internet frauds. One of the main reasons is that they are not completely aware of they types of fraud. More..

 


 

 

 
   
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