FTC shuts down robo-calling company

March 28, 2012 6:10:52 PM PDT
The Federal Trade Commission has shut down what it says is a huge robo-calling company accused of selling bogus car warranties.

The company is based out of Los Angeles and is known as SBN Peripherals. It also does business as Asia Pacific Telecom.

Federal investigators say nearly 13 million people bought into the scheme. They ended up buying what investigators say were worthless auto warranties.

The FTC has confiscated $1 million from the company's bank account. It's also put a lien on a home and taken 50 percent interest in an office building.