Seniors Taking on Phony Marketers Act of 2007 - Amends the federal criminal code to increase from 10 to 15 years the additional term of imprisonment for telemarketing fraud aimed at individuals over the age of 55.
Authorizes appropriations for FY2008 for: (1) 50 new postal inspectors to investigate telemarketing fraud; (2) 30 new assistant U.S. attorneys to prosecute telemarketing fraud cases; and (3) public awareness and prevention initiatives to educate senior citizens about telemarketing fraud.