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Telemarketing fraud is fraudulent selling conducted over the telephone. The term is also used for telephone fraud not involving selling.
Telemarketing fraud is one of the most persuasive deceptions identified by the Federal Trade Commission (FTC).[1] Telemarketing fraud often involves some sort of victim compliance whether it involves the victim initiating contact with the perpetrator or voluntarily providing their private information to the offender; thus, fraud victims may experience feelings of shame and embarrassment that may prevent them from reporting their victimization.[2]
Older people are disproportionately targeted by fraudulent telemarketers and make up 80% of victims affected by telemarketing scams alone. Older people may be targeted more because the scammer assumes they may be more trusting, too polite to hang up, or have a nest egg.[3] Many older people have money to invest and are in need of profit. Also, they are less likely to report the fraud because they don't believe that consumer complaints would be solved.[4]
^Varney, Christine (3 March 1998). "Prepared Remarks of Federal Trade Commissioner Christine A. Varney" (PDF). FTC. Retrieved 30 March 2016.
^"Roles, Rights, and Responsibilities: Introduction". www.ncjrs.gov. Retrieved 2021-09-05.
^Reed, Tim (March 25, 2013). "Elder Abuse: Financial Scams Against Our Seniors". brigantinepolice. Retrieved March 30, 2016.
^Alves, Linda; Wilson, Steve (2008-02-22). "The Effects of Loneliness on Telemarketing Fraud Vulnerability Among Older Adults". Journal of Elder Abuse & Neglect. 20 (1): 63–85. doi:10.1300/j084v20n01_04. ISSN 0894-6566. PMID 18551907. S2CID 6749119.
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