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.
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