In the 1990’s telemarketing fraud was running rampant. “Boiler room” telemarketing crimes were so named because crowded rooms full of telemarketing scammers were in hot pursuit of victim’s money using high-pressure and illegal cons. Many of the telemarketing scam targets were the elderly. An estimated 40 billion dollars was stolen from American victims in the 1990’s through telephone fraud including an Ohio widow who lost her lifesavings $240,000 to telemarketers. Another 92-year-old California resident was scammed out of $180,000 and then another $5,000 by a second con pretending to help her recover her money.
The good news:
People started reporting these telephone scams and Continue reading Happy Ending to True Crime Stories: Reporting Telephone Fraud Gets Rings Arrested