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Wed Oct 2, 2019, 06:52 PM

Phoenix police bust telemarketing ring that scammed seniors out of $40 million

Source: Arizona Republic/CBS 5

PHOENIX (3TV/CBS 5) -- Phoenix police say they have busted a telemarketing fraud ring that has scammed thousands of senior citizens out of more than $40 million. Thirteen people have been arrested.

The investigation started in 2014 with a 75-year-old woman from Iowa.

Phoenix Police Detectives of the Commercial Crimes Detail say that the woman had been scammed out of thousands of dollars by a criminal enterprise operating as a telemarketing business or called WyzeMoney.

The telemarketer convinced her to invest money in the company with the promise of no risk and guaranteed money back.

Phoenix police detectives, working with the Arizona Attorney General’s Office and The Better Business Bureau, identified additional victims who had filed complaints.

The victims, numbering in the thousands, ranged from their late 60s to their 90s and lived out of state. The total monetary damages are estimated at more than 40 million dollars.

Read more: https://www.azfamily.com/news/phoenix-police-bust-telemarketing-ring-that-scammed-seniors-out-of/article_d500c5b6-e54b-11e9-a9e9-db3e3450e6de.html



Although this is our local paper, the 9000 victims were from the entire US.

12 replies, 2254 views

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Reply Phoenix police bust telemarketing ring that scammed seniors out of $40 million (Original post)
Coventina Oct 2 OP
rampartc Oct 2 #1
Yeehah Oct 2 #2
chowder66 Oct 2 #3
not fooled Oct 2 #4
keithbvadu2 Oct 2 #5
yaesu Oct 2 #6
AllaN01Bear Oct 2 #7
marble falls Oct 2 #8
gfwzig Oct 3 #9
Mosby Oct 3 #10
JonLP24 Oct 3 #11
FakeNoose Oct 3 #12

Response to Coventina (Original post)

Wed Oct 2, 2019, 06:55 PM

1. they need to be punished severely

no telephone or internet either.

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Response to Coventina (Original post)

Wed Oct 2, 2019, 06:57 PM

2. Good work, Phoenix Police!

Seems like something the FBI should have been doing.

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Response to Coventina (Original post)

Wed Oct 2, 2019, 07:00 PM

3. There should be a PSA about scams for senior citizens that runs frequently. nt

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Response to chowder66 (Reply #3)

Wed Oct 2, 2019, 07:32 PM

4. Including

deceptive fundraising mailers from the GOPee including the conman-in-chief.

Talk about a scam!

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Response to Coventina (Original post)

Wed Oct 2, 2019, 07:55 PM

5. ...ripped off people in lottery scam because they needed to 'learn their lesson'

Virginia Beach woman ripped off people in lottery scam because they needed to ‘learn their lesson’

https://www.pilotonline.com/news/crime/vp-nw-jamaican-lottery-scam-sentence-20190930-a6mn6dcnfbgelgthqlp5bssy5e-story.html

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Response to Coventina (Original post)

Wed Oct 2, 2019, 08:02 PM

6. If it were up to Barr not only would he not bust this outfit, he would join them. nt

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Response to Coventina (Original post)

Wed Oct 2, 2019, 08:10 PM

7. thank you phoniex pd.

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Response to Coventina (Original post)

Wed Oct 2, 2019, 09:28 PM

8. Where's the forty mil?

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Response to Coventina (Original post)

Thu Oct 3, 2019, 07:51 AM

9. Why did it take 5 years to bust them?

these kind of scams and drug ring investigations take years to be acted upon, The investigators act like they are getting a piece of the action by taking so long to "bust up" the ring. all on the pretext that they are after the Big Fish. meanwhile the scam / drug ring preys upon the public for YEARS making millions while doing so. If you catch them today--- bust them within a reasonable amount of time. They operated in this case for 5 years extra with 9000 USA victims alone and 40 million dollars profit

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Response to gfwzig (Reply #9)

Thu Oct 3, 2019, 05:50 PM

10. +1

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Response to gfwzig (Reply #9)

Thu Oct 3, 2019, 06:00 PM

11. I can say why drug investigations take so long

If not then you get simply street level arrests drug users and small time drug dealers. Even those aren't simple because they have to work behind the fourth amendment which the drug wars have done a good job of eroding.

High end drug investigations take time you can make all the street level arrests all you want the ones at the top are still going to be making money & running a criminal conspiracy.

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Response to Coventina (Original post)

Thu Oct 3, 2019, 06:06 PM

12. The phone companies have enabled these scammers for way too long

Where and how do the scammers get their calling lists - from the telephone companies. The robodialing scammers have had access to our information and used it to steal from countless Americans who are a little bit gulllible. My mom used to fall for those magazine subscription "deals" over the phone, and of course that put her on even more call lists. They figured out long ago that senior citizens are an easy mark.

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