The Federal Trade Commission will host a press conference on Monday, April 15, at 2:00 p.m. EST to announce federal district court complaints targeting several companies for alleged "in-bound" telemarketing fraud. In-bound telemarketing occurs when consumers call telemarketers in response to classified ads, Internet banners, or other promotions. The event will also feature a victim of one of the alleged frauds, who will be available to answer media questions. According to the federal government, it is estimated that the annual loss from telemarketing fraud exceeds $40 billion, with much of this fraud resulting from in-bound telemarketing.
|Who:||Howard Beales III, Director, Bureau of Consumer Protection, Federal Trade Commission
Ken Hunter, President and CEO, Council of Better Business Bureaus
|When:||Monday, April 15, 2002
2:00 p.m. EST
(room will open at 1:30 p.m. for camera set-up)
Federal Trade Commission
Call-in Information: Reporters unable to attend the event can call-in to listen to the press conference. The toll-free phone number is 1-800-473-8494, the confirmation number is 11925838, and the chairperson is Bruce Jennings.
The lines, which are for media only, will open at 1:45 p.m. EST.
|Media Contact:||Mitchell Katz
FTC Office of Public Affairs