In a federal lawsuit filed by the FTC against Western Union, Western Union and its subsidiaries were accused of helping to facilitate fraud by its failure to comply with anti-money laundering laws.
Some people who have already reported their losses to Western Union, the FTC, or another government agency will receive a form in the mail from the claims administrator, Gilardi & Co.
Con artists have adapted over the years to new technologies, but direct wire transfers have always been a popular way to take money from your pocket and put it in scammers' wallets.
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The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Finally, Sandy Spring Bank increased its position in shares of Target Corporation by 6.7% during the 2nd quarter.
Equities researchers at SunTrust Banks raised their FY2017 EPS estimates for shares of Western Union Company (The) in a research report issued on Thursday, according to Zacks Investment Research.
Alabama Attorney General Steve Marshall says at the time of the settlement, more than 7,624 complaints from Alabama consumers had been filed. "We are happy to be starting the process that will return this money to the legitimate hands of consumers". On Tuesday, the state's chief consumer protection official announced that New Hampshire scam victims who transferred their money via Western Union can apply for compensation. Administered by the Department of Justice's Victim Asset Recovery Program, this fund was created as a result of a multi-state settlement reached by Attorney General Schneiderman, 49 other states, and the District of Columbia with Western Union in January 2017. Victims who lost out from 2004 to January 19, 2017 are eligible for compensation. Just give as much information as you have and can remember and the Department of Justice will do its best to validate what you submit. Claims must be filed at FTC.gov/es/WU before February 12, 2018. If you've still got them, great. The form will have a Claim ID and a PIN number to use when filing a claim online via FTC.gov/WU. There's some good news for the unlucky ones who accidentally sent cash to scammers: You might finally be able to get some of that money back. It could take up to a year for payments to be sent. That agreement also required Western Union to develop an anti-fraud program that includes warnings on wire transfer forms, training for agents and monitoring of agents.
"This is a tremendous victory in protecting consumers from fraud", Morrisey said. I wrote recently about a woman who lost $2,000 by sending money to someone she thought was her grandson begging for bail money after a vehicle accident.