Tuesday, February 3, 2015

Cross-Border Telemarketing Scheme Targeting Seniors Is Shut Down

The FTC just announced a settlement for the seniors targeted in a multi-million dollar telemarketing fraud scheme. Seniors were targeted and money was withdrawn from accounts without authorization. The scheme consisted of cold calling seniors to sell fraud protection, legal protection, and pharmaceutical benefit services. Marc Ferry and Robert Barczai used the information to create checks drawn on the seniors' bank accounts.

“Scammers thought they could cover their tracks by operating across borders, but law enforcement caught up with them,” said Jessica Rich, Director of the Bureau of Consumer Protection, according to the announcement.
The FTC also filed suit against First Consumers LLC; PowerPlay Industries LLC; Standard American Marketing, Inc.; Quebec Inc., doing business as (d/b/a) Landshark Holdings Inc; and Quebec, Inc. d/b/a Madicom, Inc.

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