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There's something called the Federal Do Not Call List. So it's a government list, and it says that if you're on this list, they're not allowed to call you, and if they do, you can charge them $1,500 for every call. So the first thing the robot will do is it will do all the clicking and sign you up to this government list.
Once you're on the list, the next time you get a call, you can trap them, like I said. You can pick up the phone and say, yes, I'm very interested in what you're selling. Here's my card number. Instead of giving your real card number, you're giving this honey trap. And that's how it gets all the details.
And then finally, the software and AI generates this demand letter saying, you violated the Telephone Consumer Protection Act. Please... give me the settlement money. What they're worried about is other people figuring out that they've done something wrong. And so they will often settle and sign a confidentiality agreement.
They'll say, I'm not going to give you $1,500, but I'll give you $750 if you don't tell anyone. And that's good for consumers because they could just sign it and get their money.
Hey, this is Matt Cox and I am here with Joshua Brower. He is the founder and CEO of Do Not Pay. He's got a really interesting thing that he's doing right now. So we're going to get into the interview. Check it out.
My company helps people fight back using AI. It gets people money from big companies and people scamming them, gets them justice. The first use case a few years ago was parking tickets, helping people get out of their tickets. And we've since expanded to over 200 areas of the law, including what you were mentioning, which is suing robocallers.
There's an amazing law that says you can get $1,500 every time someone calls you. But these robocallers, they hide behind spam identities. They don't tell you who they are. And so what we thought a do not pay is a trap.
and that is a credit card and when they try and sell you something you can give them the credit card and the transaction declines but it gets their business name, address and phone number and then the AI generates a demand letter and lawsuit to get you your money.
And this is really popular with people because these robocallers are just getting out of control and someone needs to fight back against them.
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