The FTC, along with more than 30 law enforcement partners, announced on Tuesday, May 20th, that more than 180 cases had been filed against deceptive telemarketing operations in the largest fraud-sweep of its kind ever coordinated by the agency.
Dubbed â€śOperation Tele-PHONEY,â€ť the undertaking has so-far resulted in the filing of 13 FTC actions, 90 criminal actions, more than 80 state law enforcement actions, and eight international telemarketing fraud actions brought by Canadaâ€™s Competition Bureau and other Canadian agencies.
Regarding the thirteen cases filed by the FTC, the Commission estimated that the subject operations had defrauded more than 500,000 consumers and resulted in more than $100 million in losses. These schemes were accomplished in many ways, from companies sending unordered household goods to consumers to companies peddling phony tax rebates or prescription drug plans. Summaries of the FTC’s cases are provided in the press release. The Commission estimates that consumers will save approximately $30 million in the next year alone as a result of the multi-agency crackdown.