FTC: Orders MoneyGram to return $115 million to scam victims
- FTC is a bipartisan federal agency with a unique dual mission to protect consumers and promote competition
- More than $115 million in refunds are being sent to consumers nationwide as a result of a 2018 action by the Federal Trade Commission
- The U.S. Department of Justice brought against MoneyGram for failing to crack down on scammers using their payment system
- The 2018 action charged that MoneyGram violated an settlement from 2009, along with a 2012 DOJ agreement
- The company agreed to take proactive steps to reduce scammers’ ability to use their payment system
- Pleased to be working with our law enforcement partners to provide refunds to claimants
