Preying upon the elderly and people who aren't native English speakers, telemarketing scams use the telephone to defraud people out of their money, and might cause all sorts of havoc like drained bank accounts and stolen identities. Despite the thousands of people who have signed up for the National Do Not Call Registry, complaints about telemarketers and scammers associated with telemarketing are quite common.
Scammers will often use the internet to learn about their target and will then "cold call" that individual with a scam such as an investment scheme or fake lottery winnings. One of the only ways to make sure that a person never experiences a scam over the telephone is to never offer any unknown individual money over the phone and to only make purchases over the phone when the call has been initiated by the buyer. Even though some telemarketers are legitimate, it's best to deny a potential scammer the chance to defraud. If you've been the victim of a telemarketing scam, visit ScamGuard.com to find out more about this type of scam and to share your story.