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MoneyGram Fined $100 Million for Wire Fraud

September 11th, 2018
Categories: News

Link: https://krebsonsecurity.com/2012/11/moneygram-fined-100-million-for-wire-fraud/

U.S. Justice Department announced that MoneyGram International had agreed to pay a $100 million fine and admit to criminally aiding and abetting wire fraud. U.S. Attorney’s Office for the Middle District of Pennsylvania brought conspiracy, fraud and money laundering charges against 28 former MoneyGram agents.”

“MoneyGram has 293,000 agent locations in 197 countries and territories,” “more than twice the locations of McDonald’s, Starbucks, Subway and Wal-Mart combined.” The company has settled a bevy of other fraud-related lawsuits, including a case in 2008 with 43 U.S. states, and an $18 million fraud case brought in 2009 by the Federal Trade Commission.

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