Feds Disconnect Robocall Ring that Took Millions

FTC cracks down on robocalls
FTC cracks down on robocalls

An international robocall ring that allegedly fleeced almost 13,000 consumers out of $995 apiece with empty promises to reduce their credit card rates has been shut down by a federal court at the request of the Federal Trade Commission.

The case is part of the FTC's continuing crackdown against fraudsters taking advantage of financially-troubled consumers, which in the past year has included action against marketers of worthless credit card interest rate reduction services.