Phone Scam Central

Ringing up losses to the tune of $1.2 billion a year

The Port Authority Bus Terminal in midtown Manhattan is a busy place -- a little too busy, as far as AT&T; is concerned. In recent years the terminal's seedy lobby has become a favorite gathering spot for "phone scammers," con artists who sell overseas calls at cut rates using other people's telephone- charge-card numbers. In 1990 some $11 million in fraudulent calls originated from the bus terminal's pay phones alone, according to a report in the New York Daily News -- more than $30,000 worth every day.

The same scam plays out at countless public phones, not just in New York...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!