Settlement Structure: Claims Made
Active: OpenCase Summary:
MoneyGram International, Inc. is giving up $125 million to settle an action brought against it by the Department of Justice (DOJ) and the Federal Trade Commission (FTC). The parties had previously filed a Deferred Prosecution Agreement (DPA) in 2012, but during its term, MoneyGram’s anti-fraud and anti-money laundering programs had experienced weaknesses that led to an increase in fraudulent transactions.
Fraudsters allegedly contacted marks, pretending to be family members or law enforcement or the IRS and had told the marks to send money through MoneyGram to assist relatives, avoid imprisonment or arrest, claims prizes, pay taxes, or the like. This settlement is intended to provide remissions for those taken in by this fraud.Docket Number:
Company: MoneyGram International Inc.
Filing Deadline: August 31, 2021
Class Period: January 1, 2013 to December 31, 2017Proof of Purchase:
You will be asked to provide eight-digit Money Transfer Control Numbers (MTCNs) for each transfer on your Petition for Remission. These numbers are mandatory. If your MTCNs cannot be verified, you will be required to submit documentation such as send forms or receipts.Eligibility:
You may be eligible if you sent money to a scammer through MoneyGram between January 1, 2013 and December 31, 2017. Only money transfers sent from the US through MoneyGram are eligible for remissions. You do not have to be a US citizen to file for a payment.Typical Settlement Amount:
Remission payments will be for the amount of the transfer only. Other expenses, such as wire transfer fees, incidental losses, or money sent through any other company cannot be recovered through this settlement.
Total Settlement Amount: $125,000,000Class Representative Proposed Incentive Fee:
Federal Trade Commission
US Department of Justice
Claim Form: MoneyGram Petition for Remission
Case Name: United States v. MoneyGram International Inc.
Settlement Website: MoneyGram Remission Website
Gilardi & Co.