TOPEKA, Kan. (WIBW) – Kansans that may have sent money to scam artists through MoneyGram from 2013-2017 could be entitled to money from a federal agreement.
Attorney General Derek Schmidt says Kansans that have sent money to scam artists through MoneyGram between 2013 and 2017 could be eligible for compensation.
According to AG Schmidt, the funds come from a $125 million administrative forfeiture from MoneyGram as part of an agreement with the U.S. Department of Justice and the Federal Trade Commission filed in 2018. He said the agreement came after a similar agreement in 2012 when MoneyGram agreed to implement a new fraud interdiction system. However, he said that the system proved ineffective and MoneyGram failed to block a significant number of transactions with entities they previously identified as receiving fraudulent transactions.
Schmidt said MoneyGram failed to disclose the system’s weakness to the U.S. DOJ and instead portrayed the increase…