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On Monday, the Federal Trade Commission (FTC) announced that consumers who were victimized by fraudsters through MoneyGram International Inc. between 2013 and 2017 can now file claims to have their money returned. In November 2018, the money transfer service agreed to pay $125 million to settle allegations brought by the FTC and the Department of Justice that it violated a previous governmental agreement to reign in fraud.
The news release explained that “money transfers are a preferred method of payment for fraudsters because money sent through money transfer systems can be picked up quickly at locations all over the world, and once the money is paid out, it is all but impossible for consumers to get their money back.” Additionally, the money transfer systems permit scammers to remain anonymous when receiving money from their victims.
HONOLULU – Hawaii Attorney General Clare E. Connors joined a coalition of 47 Attorneys General urging congressional leaders to support the Fraud and Scam Reduction Act. This legislation, comprised of the Stop Senior Scam Act and Seniors Fraud Prevention Act of 2021, will assist stakeholders in training employees to recognize the warning signs of elder […]
SOM - AG Nessel Joins Bi-Partisan Coalition Urging Congressional Support for Fraud and Scam Reduction Act michigan.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michigan.gov Daily Mail and Mail on Sunday newspapers.