MoneyGram

PP Blog Tag archives on references to "MoneyGram."

KABOOM! Money-Services Firm That Turned A Blind Eye To International Scammers Will Forfeit $100 Million After Probe By U.S. Postal Inspection Service

KABOOM! Money-Services Firm That Turned A Blind Eye To International Scammers Will Forfeit $100 Million After Probe By U.S. Postal Inspection Service

“MoneyGram knowingly turned a blind eye to scam artists and money launderers who used the company to perpetrate fraudulent schemes targeting the elderly and other vulnerable victims.” — Lanny A. Breuer, Assistant Attorney General, Nov. 9, 2012 BULLETIN: The price of willful blindness just went up if you’re a money-services business that facilitates international mass-marketing […]

BREAKING NEWS: Money-Services Business To Pay $18 Million To Settle FTC Claim It Facilitated International Fraud

BREAKING NEWS: Money-Services Business To Pay $18 Million To Settle FTC Claim It Facilitated International Fraud

So, you want to offer a money-services business to U.S. customers and not take international fraud seriously? Be prepared to pony up $18 million to settle fraud claims when they start rolling in. In a stunning announcement today, the Federal Trade Commission said “at least 79 percent of all MoneyGram transfers of $1,000 or more […]