BALTIMORE — Hundreds of thousands of people duped into sending money to con artists could get some of it back.
MoneyGram agreed to pay a $125 million settlement, which is being used to issue refunds to consumers who sent money to scammers with the wire transfer service.
“Folks who are eligible to file a claim would’ve sent a fraud-induced MoneyGram transfer between January 1, 2013 and December 31, 2017,” said Todd Kossow, director of the Federal Trade Commission’s Midwest Region.
In 2009, a judge ordered MoneyGram to implement anti-fraud programs, but the FTC later found they weren’t fully complying with that order. According to the order, MoneyGram knew of some agent locations with fraud rates of more than 25 percent or even 50 percent and didn’t step in until mid-2013. MoneyGram then started a pilot program, but hadn’t suspended any of those locations until May 2017.
“What our investigation in this area has shown is sometimes these…