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Cramming: How The Justice Department Helped Birth A Multibillion Dollar Phone Scam (VIDEO)

First Posted: 07/28/11 03:46 PM ET Updated: 09/27/11 06:12 AM ET


Recently, the Federal Communications Commission, the Federal Trade Commission and the Senate have all taken aim at "cramming," a multibillion dollar industry that cheats phone customers by adding bogus fees to their bills. But the groundwork for this massive swindle -- which affects an estimated 17% of all households -- began with the much-ballyhooed breakup of AT&T (T). Now, almost 30 years after the Justice Department unwittingly opened the floodgates to a tidal wave of fraudsters, several other government organizations are trying to close them.

Read the whole story: DailyFinance

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Filed by Chris Gentilviso  |