Issue Position: Cross-Boarder Fraud

Issue Position

Cross-border fraud is a serious problem -- and it appears to be growing. For example, consumers in the U.S. and other countries lose billions of dollars each year to telemarketers operating from "boiler rooms" across the border who pitch bogus products, services and investments. They also lose money to Internet scam artists who operate anonymously from places outside the U.S. The most common cross-border frauds pushed by telemarketers, spam emailers or misleading advertisements involve phony prize promotions, foreign lottery schemes, advance-fee loan rip-offs, travel offer scams, and unnecessary credit card loss "protection." Learn more about cross border fraud.

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