Tag: Money Transfers

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A large-scale scam involving phony unemployment benefits claims has been making headlines. Criminals, possibly based overseas, are filing claims for benefits, using the names and personal information of people who have not lost their jobs. The investigation is ongoing, but this much...
There are perceptions some people seem to have about older consumers – and then there’s the data we see in fraud reports from consumers of that age group. Protecting Older Consumers 2018-2019: A Report of the Federal Trade Commission calls some common beliefs into question while...
In 2018, the Consumer Sentinel Network has seen a striking increase in the median dollar amount that people 70 and over are saying they lost to fraud. Digging into the data, we found some common stories with an unusual twist: people 70 and older report mailing huge amounts of cash to...
If you run a business that offers people a way to send money to other people, you may want to pay attention to whether your service is catering to fraudsters. It’s an important message because, for many years, money transfers have been a preferred payment method for scammers, who know...
Through Consumer Sentinel we hear from people across the country about frauds they encounter in the marketplace. One thing we learn from these reports is how scammers want to be paid. People are telling us that they’re increasingly being told to pay with gift cards – specifically, by...

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A new report from the Federal Trade Commission shows that adults aged 60 and older are less likely to report losing money to fraud than younger adults, but the amount of money they report losing is on the rise.The report, Protecting Older Consumers 2018-2019: A Report of the Federal Trade...
MoneyGram International, Inc. has agreed to pay $125 million to settle allegations that the company failed to take steps required under a 2009 Federal Trade Commission order to crack down on fraudulent money transfers that cost U.S. consumers millions of dollars.
A team of attorneys and other staff at the Federal Trade Commission today received a prestigious Samuel J. Heyman Service to America Medal (Sammie) for their public service in negotiating a historic $586 million settlement with Western Union that will provide refunds to hundreds of thousands of...
The Federal Trade Commission is alerting consumers who lost money to scammers who told them to pay via Western Union’s money transfer system between January 1, 2004 and January 19, 2017, that they can now file a claim to get their money back by going
A Florida man charged with helping telemarketers in India defraud cash-strapped American consumers will be banned from aiding any telemarketers in a settlement with the Federal Trade Commission.
The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and the U.S. Attorneys’ Offices of the Middle District of...

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Approximately $153 million is being mailed to 109,000 consumers in the first distribution of refunds resulting from the law enforcement actions brought against Western Union by the Federal Trade Commission (FTC), the U.S. Department of Justice (DOJ), and the U.S. Postal Inspection...

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Join law enforcement and consumer advocates for this free event to discuss issues affecting Michigan’s consumers. Learn about emerging trends and new and existing challenges. Explore ways to collaborate and share information and resources. Discussions will include recent consumer...
Join the FTC and NAACP Georgia’s Scam Jam to hear about scams that affect African American communities. Hear from experts how to spot, stop and report consumer scams – including imposter and wire transfer frauds, debt collection scams, mortgage refinance scams, business opportunity...
The Federal Trade Commission, in collaboration with 74 federal, state and local agencies, consumer groups, and national organizations, celebrates National Consumer Protection Week, beginning Sunday, March 2, and running until Saturday, March 8.
FTC to Host Twitter Chat-Tuesday, March 4, 2:00-3:00 EST To highlight National Consumer Protection Week, the FTC will host a Twitter chat to answer consumers’ questions about common scams. FTC Attorney Lesley Fair of the Bureau of Consumer Protection’s Division of Consumer and...
The Federal Trade Commission, in conjunction with the United States Postal Inspection Service, will host a two-day public workshop in Chicago, Illinois to examine what more can be done to protect consumers from falling victim to lottery, prize, and sweepstakes scams and other scams...

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