This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
02/10/2023
Over $115 million goes to MoneyGram users who paid scammers
FTC
Most of the time, if you send money to a scammer with a wire transfer, you don’t get money back. But if you paid a scammer through MoneyGram and filed a refund claim with Gilardi & Co., watch your mailbox. Refund checks worth over $115 million are on the way to almost 39,000 people whose claims were approved.
The refunds are distributing money from MoneyGram’s $125 million settlement with the FTC in 2018. In that case, the FTC and US Department of Justice charged that MoneyGram failed to meet agreements to crack down on consumer fraud involving money transfers. In 2021, people who paid scammers through MoneyGram between January 1, 2013, and December 31, 2017, were eligible to file claims with Gilardi & Co., which is the claims administrator for the settlement. Gilardi & Co. is now sending checks to every person whose claim was approved.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information