The FTC reports robocall fraud swindled American consumers out of more than $38 million in 2019
By Julia Musto from Fox
Although dozens of little-known carriers serve the U.S. telecom system, they also can open the door to scams, a new report released Saturday suggests.
According to The Wall Street Journal, the business model of smaller telecom operations “illustrates a flaw” in the system.
While they work in the shadows of giants like AT&T Inc, routing phone calls in bulk from one part of the telephone network to another and charging customers a fraction of a cent each time, companies like Ecommerce National LLC have become channels for Social Security scam calls from overseas.
T-MOBILE KICKS OFF NEW MERGER WITH ROBOCALL KILLER
In January, the U.S. Justice Department filed a civil suit against ECommerce National, accusing it of carrying out hundreds of millions of fraudulent robocalls, and connecting con artists posing as Social Security Administration officials with unsuspecting victims who volunteered personal information or money.
Data from the Federal Trade Commission (FTC) and government officials showed scams like that swindled U.S. consumers out of over $38 million in 2019.
On March 24, a federal judge temporarily banned ECommerce National from carrying calls in the U.S., and the company was shuttered. Read more from Fox
