At the request of the Federal Trade Commission, a federal district court in Chicago has shut down an international robocall ring that allegedly conned consumers out of $995 each with false promises that it would reduce their credit card interest rates, but provided little or nothing in return.
The FTC charged that the robocall ring made bogus promises that it would provide refunds to consumers if they didn’t save at least $2,500. When consumers called to complain, however, the robocallers simply disappeared, the FTC charged.
The FTC alleges that this company has defrauded nearly 13,000 consumers out of almost $13 million from this scheme.
Since at least 2007, the defendants allegedly used at least 10 different company names, including AFL Financial Services, when pitching the service, according to the FTC.
The FTC is seeking to permanently stop the defendants’ allegedly illegal conduct and return their ill-gotten gains to defrauded consumers.
See the FTC’s “At FTC’s Request, Court Shutters International Robocall Operation” for details.
Copyright 2010, Rita R. Robison, Consumer Specialist