Authorities: Debt-collector scam bilked millions

By: Associated Press Email
By: Associated Press Email

U.S. authorities say they've broken up a phone scam in which callers in India posed as debt collectors to bilk millions of dollars out of more than 10,000 U.S. residents.

Officials say callers used threats of arrest or the loss of their jobs, and that the first-of-its-kind investigation may have only uncovered the tip of the iceberg.

Federal Trade Commission official Steven Baker says callers drew on personal data snatched from payday loan websites, though it'
uncertain how that information was obtained. More than 20 million
calls may have been placed over the past two years, with collectors
demanding between $300 and $2,000 per call.

Baker says the fraud with so many millions of calls flooding in
from India is something investigators haven't seen before and was
fostered in part by the plummeting costs of international calls.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 139949623 -