MoneyGram Agrees To $100 Million Wire Fraud Settlement

By  |  November 20, 2012
 | 

MoneyGram International has agreed to pay a $100 settlement after the U.S. Department of Justice charged the company with processing transactions from known fraudsters. 

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    The scams tended to target the elderly and other vulnerable groups, posing as victims’ relatives in need of immediate financial assistance, reports Finextra.

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