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ADVANCE/New trend in telemarketing fraud bilks victims who have already been scammed.


(ADVANCE) NEW YORK--(BUSINESS WIRE)--June 10, 1996--A disturbing new trend in telemarketing fraud Telemarketing fraud is fraudulent selling conducted over the phone. It most often targets the poor and elderly. Common types include:
  • Advance fee fraud (typically claiming that the victim will receive a lottery prize, government grant or loan, etc)
 -- an estimated $40 billion annual industry -- is called the "recovery room" because it bilks victims who have already been scammed.

"The pitch to victims is that they can recover their losses for a fee," says a report in the current (June June: see month. ) issue of New Choices: Living Even Better After 50, "little or nothing is recovered, and the scammer scam   Slang
n.
A fraudulent business scheme; a swindle.

tr.v. scammed, scam·ming, scams
To defraud; swindle.



[Origin unknown.
 keeps fees that can run to tens of thousands of dollars."

Edward Edward

killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302]

See : Patricide
 B. Gould Jr., a reformed telescammer who ran a recovery room before his arrest, says telephone fraud artists are masterful salesmen. The best ones "could probably get a doctorate in psychology without ever setting foot in a classroom. We are able to read people over the telephone and gear our pitch to the personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 psychological needs on the other end."

Gould says he never had trouble finding salesmen. Many who worked for him were drug addicts. "In fact, the worst addicts were my best salesmen because they needed the drug so bad."

(End of advance for release 6:00 p.m., June 10)

CONTACT: Howard Greene

Greene Inc.

516/825-0400 or

516/374-4230 (home)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 10, 1996
Words:198
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