Feds set up $586M Western Union transfer to consumers
Published 7:12 am, Tuesday, November 14, 2017
The Federal Trade Commission is alerting any consumers who paid scammers through Western Union between 2004 and January 2017 that they can file claims for refunds, with details online at FTC.gov/wu.
FTC Acting Chairman stated Western Union “looked the other way” despite hundreds of thousands of complaints over crooks convincing people to wire money up front using Western Union on the promise of prizes, loans, jobs, discounted products or financial rewards. Some victims sent funds to fraudsters pretending to be family members in need of cash or law enforcement officers demanding payment.
Western Union accepted in January 2017 a $586 million settlement with the U.S. Department of Justice and FTC. The claim deadline is Feb. 18, 2018.
Individuals who have already reported losses will receive a form in the mail from Gilardi & Co., the DOJ-appointed claims administrator, with a claim ID and PIN number to use when filing a claim online.
FTC stated filing a claim is free and that consumers should not pay anyone to file a claim on their behalf or otherwise provide financial information.
Alex.Soule@scni.com; 203-842-2545; @casoulman