Telemarketing Fraud

Telemarketing frauds are innovative ways of committing crime that are not confined within national borders to any specific country. Such fraud is a significant problem internationally. Anyone located anywhere in the world can be victimized by this type of fraud. Telemarketing fraud may be defined as fraud typically perpetrated over the telephone by an individual who offers products for a seemingly good price to a potential consumer in exchange for a secure payment. The telemarketer (fraudster) promises the potential consumer that he or she will [Page 399]reap financial gains. It is one of the most deceptive marketing practices today and involves a wide range of deceptive acts. More important, telemarketing fraud is a “faceless” crime, in that it does not require any direct or physical ...