Robocalls cause $350MILLION worth of telemarketing fraud

About 30 per cent of phone calls placed in the United States are fraudulent 'robocalls,' amounting to about 30billion total each year that cost U.S. consumers $350million in telemarketing fraud costs, according to figures from multiple sources.

The Federal Trade Commission noted that it received more than 3.4million robocall complaints in 2016 and, between January 2017 and August 2017, had received more than 3.5million.

The increase in complaints about robocalls - automated voice calls used by scammers to try to take people's money - came despite consumers adding themselves to 'Do Not Call' registries that make such calls illegal.

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