Settlement Structure: Claims Made
Active: OpenCase Summary:
A Deferred Prosecution Agreement (DPA) was filed on November 9, 2012, between MoneyGram International, Inc. and the Department of Justice (DOJ) and Federal Trade Commission (FTC). However, during the term of the agreement, the company’s anti-money laundering and anti-fraud programs have remained weak, the FTC says, with a significant rise in consumer fraud transactions. The FTC also alleges that MoneyGram violated a court-ordered Stipulated Permanent Injunction of October 21, 2009 in failing to detect and prevent consumer fraud.Docket Number:
Company: MoneyGram International Inc.
Filing Deadline: August 31, 2021
Class Period: January 1, 2013 to December 31, 2017Proof of Purchase:
You must file a Petition for Remission. If you received one that was already filled out for you, you must file it by June 1, 2021. If you did not receive one, but wish to file one now, you can file it between June 1, and August 31, 2021. You must provide your eight-digit MoneyGram money transfer control number. You will be able to attach MoneyGram receipts, send forms, and historical reports.Eligibility:
You may be eligible if you
- Sent a money transfer from the US through MoneyGram,
- Sent the money to a scammer, between January 1, 2013 and December 31, 2017, and
- Used your own name on the money transfer.
You are not eligible if you do not meet all of the above conditions, or if you sent money you received from a third party.Typical Settlement Amount:
The amount you claim on your Petition for Remission will be compared with MoneyGram records. Payments will be sent out for some or all of the losses on approved petitions.
Amounts paid out will probably be for less than the amount lost. They will not include any refunds you previously received from MoneyGram or refunds for other expenses such as money transfer fees or incidental losses. Also, your petition must be reviewed by the Treasury Offset Program to make sure that you do not owe money to the federal government. If you do, your remission will go to cover the amounts you owe, before any amount is sent to you.
Total Settlement Amount: Already paid: $70 million; to be paid by May 8, 2021: $55 millon.Class Representative Proposed Incentive Fee:
Federal Trade Commission
Claim Form: MoneyGram Petition for Remission
Case Name: United States of America v. MoneyGram International, Inc.
Settlement Website: MoneyGram Remission Website
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