Criminals use many different ways to steal your money. Bank transfers are a common method of asking you to send them money that is almost impossible to reclaim. Now, a new MoneyGram agreement with the FTC gives people a chance to try and get some of their money back.
“It has allowed people to get their money quickly and remain anonymous,” said Todd Kossow, the FTC regional director.
In 2009, MoneyGram reached a settlement with the FTC to make it more difficult for criminals to use its services.
“It required a comprehensive anti-fraud program,” said Kossow.
The company should do more scrutiny of its agents, train them on signs of fraud, and try to catch agents involved in the fraud. In 2018, the FTC and other federal agencies thought MoneyGram had failed to comply with the 2009 order. Kossow says known scammers are still allowed to collect money.
Now there’s a new $ 125 million deal with the FTC and MoneyGram. The commission alleged that MoneyGram did not do what it agreed to do to fight fraud. If you are a victim of a fraud and sent money through MoneyGram, here are some steps you can take to get your money back.
If you didn’t receive a pre-filled form in the mail but still lost money between January 1, 2013 and December 31, 2017, please visit MoneyGramRemission.com.
To qualify, you must have made the transfer from the United States and used your own name to make the transfer.
You will also need to provide your Social Security number to confirm to the Department of Justice and the Treasury Offset Program that you do not owe any money to the federal government. If you do this, your eligibility may be reduced by the amount you owe.
The process is also slow as they confirm that people who apply will qualify. The FTC says it will take at least a year to review and verify these claims.
“We want to make sure that the people who get the money back really made these transfers,” said Kossow.
Here is a list of frequently asked questions about the program Here.