MoneyGram Agrees to Pay $125 Million to Settle Allegations that the Company Violated the FTC’s 2009

Federal Trade Commission press release --------- MoneyGram International, Inc. has agreed to pay $125 million to settle allegations that the company failed to take steps required under a 2009 Federal Trade Commission order to crack down on fraudulent money transfers that cost U.S. consumers millions of dollars. The $125 million payment is part of a global settlement that resolves allegations that MoneyGram also violated a separate 2012 deferred prosecution agreement with the Department of Justice. To learn more click on the picture below to read the release.