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  • 8/5/2023
The Federal Communications Commission (FCC) has imposed a record-breaking fine of $299,997,000 on a robocall operation involved in an auto warranty scam. The scam operation, described as "the largest illegal robocall operation" ever investigated by the FCC, involved an international network of companies, including Sumco Panama, Virtual Telecom, and others, making over five billion robocalls over three months in 2021. The operation breached federal laws by using over a million different caller IDs to obscure the origin of the calls. Despite proposing the fine in 2022 and offering the parties involved a chance to respond, the FCC received no such communication.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 The Federal Communications Commission has imposed a record-breaking fine of $3 million
00:07 on a robocall operation involved in an auto warranty scam.
00:11 The scam operation, described as the largest illegal robocall operation ever investigated
00:16 by the FCC, involved an international network of companies, including Semco Panama, Virtual
00:22 Telecom and others, making over 5 billion robocalls over a three-month period in 2021.
00:28 The operation breached federal laws by using over a million different caller IDs to obscure
00:32 the origin of the calls.
00:34 Despite having proposed the fine in 2022 and offering the parties involved a chance to
00:38 respond, the FCC received no such communication.
00:41 For all things money, visit Benzinga.com.
00:43 [BLANK_AUDIO]

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