Western Union to begin reimbursing consumers affected by money transfer scam

Western Union to begin reimbursing consumers affected by money transfer scam

Ohio Attorney General Mike DeWine says anyone who sent a fraud-induced wire transfer through Western Union between January 1, 2004, and January 19, 2017 is eligible to receive compensation from the settlement fund.

Completed claim forms must be submitted online or mailed back to the settlement administrator by February 12, 2018.

The $586 million nationwide settlement also requires Western Union to develop and put into action a comprehensive anti-fraud program created to help detect and prevent incidents of fraud from scammers.

The FTC alleges that fraudsters were able to use Western Union's money transfer system to get payments from their victims, even though the company was aware of the problem and received hundreds of thousnds of complaints about fraud-induced money transfers.

Lottery and contest scams: Consumers are told they have won a large sum of money but must first wire money to pay required taxes or fees before receiving their winnings.

As always, watch out for scammers taking advantage of this process.

“Knowing that its agents were involved in fraudulent schemes – and knowing that it had a legal obligation to detect and report this criminal conduct to the authorities – Western Union failed to act, leading to massive victim losses, ” says Acting Assistant U.S. Attorney General Kenneth Blanco. No one tied to this process will call you to talk about your claim or gather your personal information over the phone.

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