First round of $153 million Western Union refunds sent to consumers
Topics: WESTERN UNION
The affected consumers are receiving compensation for 100 percent of their losses.
The FTC’s complaint against Western Union alleged that for many years, Western Union was aware that fraudsters around the world used the company’s money transfer system to bilk consumers, and that some Western Union agents were complicit in the frauds.
The FTC’s complaint alleged that Western Union failed to put in place effective anti-fraud policies and procedures and to act promptly against problem agents. ■