The FTC announced a crackdown on robo-callers, revealing many of the people and shell companies behind those annoying, incessant calls.
The FTC put names and faces last week on the many of the people and shell companies behind those annoying, incessant robocalls.
Joseph Simons, chairman of the Federal Trade Commission nominee for U.S. President Donald Trump, speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, D.C., U.S., on Wednesday, Feb. 14, 2018.The FTC announced last week a crackdown on robo-callers, giving one of the clearest pictures yet of the people and organizations behind the avalanche of nuisance phone calls to consumers.
The most recent FTC action drilled down into organizations that tried to push fake products or multi-level marketing schemes\, and those that sold real products but marketed them in illegal ways.In some cases, robocalls proliferate through programs that resemble multi-level marketing schemes, where business founders push robocall packages on "members" to spur quick growth.
Consumers who stayed on the line were were told they needed to make up-front payments of between $500 and $5,000 to pay off credit card bills, or even larger sums to enroll in a debt relief program. "In reality, the defendants sometimes made a rudimentary attempt to contact the consumer's credit card company, but consumers report that defendants were almost never able to obtain the promised rates or savings," the FTC said.
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