Investment schemes may appear particularly tempting to seniors because they are frequently on a fixed income but would like to make more money for the sake of their future security. High profit, no-risk investments Act now and other high pressure sales tactics Request for credit card number for identification purposes or to verify that you have won a prize. Refusal to provide written information or even the most basic details about an organization. Organizations that are unfamiliar to you and have only a P.O. Box for an address. Every day, elders receive telephone calls from solicitors who tell them that this is their lucky day.
Telemarketing is a huge business within the United States.
However, there is no way to tell how much of telemarketing is fraudulent, because often victims are too embarrassed to report their losses to the police. These fraudulent telemarketers are often difficult to catch because they have a fly by night style of operation. Once under investigation, they can shut down easily, change their company name, and move to another town or state. In addition, the Attorneys General have taken action in the past years against an estimated 150 operations. It is estimated that last year alone, fraudulent telemarketers stole over a billion dollars from hardworking Americans.