Three defendants charged in a multimillion-dollar telemarketing fraud scheme agreed to court-issued preliminary injunctions that will shut down the operation. The court also imposed a preliminary injunction against the final defendant, Ari Tietolman and his companies.

The operation targeted senior citizens across the U.S., scamming tens of thousands, according to the Federal Trade Commission. Those behind the scam allegedly lied to senior citizens to get their bank account information, which they then used to withdraw money from bank accounts, said Jessica Rich, director of the FTC's Bureau of Consumer Protection.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.