Skip to content Skip to navigation

Fraudulent Payments or Money Transfers

MoneyGram Sign on Building

As the world has become smaller via electronic transactions, fraud and money laundering have become more of a concern for regulators. The complaint for this securities class action claims that MoneyGram International, Inc. provided false or misleading information to shareholders about its fraud- and money laundering-prevention measures. 

Western Union Office

The Western Union Company has agreed to forfeit $586 million as part of its agreements with the Department of Justice and Federal Trade Commission for violations of laws such as the Bank Secrecy Act and anti-fraud statutes. Fraudsters contacted victims and claimed to be family members in need of money, or promised them prizes or jobs if they first sent money for expenses.