Nearly 40,000 consumers who lost money to scammers using MoneyGram’s payment system will receive a combined $115.8 million in refunds as a result of a 2018 settlement with the Dallas-based company.
The Federal Trade Commission announced Friday that refunds will be distributed to 38,889 fraud victims who submitted claims in 2021. Those claims occurred between 2013 and 2017.
The government’s case against MoneyGram dates to 2009, when the FTC charged the money-transfer company with failing to crack down on the fraudulent use of its payment system. As part of a deferred prosecution agreement in 2012, the company agreed to issue refunds and reduce scammers’ ability to receive money from consumers.
