We’ve said it too many times to count at this point, but scammers who take advantage of senior citizens are the worst. Today, the Federal Trade Commission made sure there was one less scammer out there by permanently barring the mastermind behind a multi-million dollar fraud from all future telemarketing activities.
The FTC announced a summary judgment [PDF] requiring Ari Tietolman and his related corporate entities to pay $10.7 million for their part in a two-country scam.
According to the FTC, Tietolman and his associates established a network of U.S. and Canadian entities that used a telemarketing boiler room in Canada to cold-call seniors claiming to sell fraud protection, legal protection, and pharmaceutical benefit services for $187 to $397.
The companies operated under the names First Consumers LLC, PowerPlay Industries LLC, Standard American Marketing, Inc, Landshark Holdings Inc., and Madicom, Inc.
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1 comment:
A $10.7 million settlement, to "tens of millions" who were ripped off.
Nice.
They'll spend more on postage informing the people who were ripped off, how to apply to be considered to receive their forty-three cent settlement check.
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