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MoneyGram International Fraudulent Transactions Settlement

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  Read more

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MoneyGram Remission Settlement

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  Read more

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TD Bank Says Fraudulent Transactions Were Authorized Class Action

When a person perpetrates a fraud on a bank account, what is the limit of liability for the account holder? The complaint for this class action alleges that TD Bank, NA’s refusal to count a transaction as fraudulent violates both the Electronic Funds Transfer Act (EFTA) and the bank’s own agreements.  Read more

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Fake Celebrity Endorsement “Free Trial” Scam Class Action

Plaintiff Cindy Adam signed up for a “free trial” of Nuvega Lash products on August 24, 2017. The complaint alleges that she “was billed multiple times that day for their products.” A couple of weeks later, she was billed again, twice, without her permission, resulting in an insufficient funds fee for her account This class  Read more

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MoneyGram (MGI) Misleading Info on Anti-Fraud Efforts Securities Class Action

As the world has become smaller via electronic transactions, fraud and money laundering have become more of a concern for regulators. The complaint for this securities class action claims that MoneyGram International, Inc. provided false or misleading information to shareholders about its fraud- and money laundering-prevention measures.   Read more

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Western Union Consumer Fraud Scheme Settlement

The Western Union Company has agreed to forfeit $586 million as part of its agreements with the Department of Justice and Federal Trade Commission for violations of laws such as the Bank Secrecy Act and anti-fraud statutes. Fraudsters contacted victims and claimed to be family members in need of money, or promised them prizes or  Read more