FTC Says NYC-Based Telemarketers Scammed Thousands

The Federal Trade Commission is suing to shut down an alleged $220 million telemarketing scheme operating out of the Empire State Building called The Tax Club Inc., saying it has victimized thousands of people, including the elderly and disabled.

The scheme targets those who are interested in working at home or setting up Internet businesses, charging them thousands of dollars for phantom small-business development services.

Court papers were filed in federal court in Manhattan by the FTC and the Attorney General’s of New York and Florida.

Source: Bloomberg