Source: http://jurist.org/paperchase/2012/11/moneygram-international-reaches-settlement-for-fraud.php
Friday, November 9, 2012
MoneyGram International reaches settlement for fraud
[JURIST] The US Department of Justice (DOJ) [official website] announced [press release] Friday that MoneyGram International, Inc. [corporate website; Bloomberg backgrounder] entered into a deferred prosecution agreement with the DOJ. According to the DOJ, MoneyGram admitted "to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program." From 2004 to 2009, MoneyGram processed thousands of transactions obtained by MoneyGram agents through fraudulent means: The scams—which generally targeted the elderly and other vulnerable groups—included posing as...
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