Retail Giant Reaches $10 Million Deal to End Consumer Fraud Complaint

Walmart Agrees to $10 Million Settlement Over FTC Lawsuit on Money Transfer Scams

Walmart has agreed to pay $10 million to settle charges brought by the Federal Trade Commission (FTC), which accused the corporation of turning a blind eye to scammers using its money transfer services to steal funds from customers, the agency said in a June 20 statement. The lawsuit against Walmart was filed by the FTC in June 2022 at the District Court for the Northern District of Illinois Eastern Division. The suit stated Walmart was “well aw…

Walmart to pay $10 million to settle lawsuit over money transfer fraud

Walmart will pay $10 million to settle a suit accusing the retailer of ignoring signs that fraudsters used its money transfer services to fleece consumers.

Walmart paying $10M to settle lawsuit over scammers exploiting customers

Walmart has agreed to pay $10 million to resolve a long-running Federal Trade Commission lawsuit involving money transfer fraud. The case accused the retail giant of allowing scammers to exploit its financial services, costing consumers hundreds of millions.

Retail giant reaches $10 million deal to end consumer fraud complaint

WASHINGTON, D.C. — Walmart has agreed to pay $10 million to settle accusations brought by the Federal Trade Commission, claiming it allowed scammers to exploit its in-store money transfer services, causing widespread financial harm to American consumers, according to the FTC.

Walmart Settles FTC Wire Transfer Case for $10 Million

Walmart has agreed to settle a government claim that it ignores scammers within its money-transfer system. [contact-form-7] The retail giant will pay $10 million to settle the charges by the Federal Trade Commission (FTC), the regulator announced Friday (June 20). The commission had brought the case against Walmart in 2022, accusing the company of “turning a blind eye” as scammers stole hundreds of millions of dollars from consumers. “E…

Walmart Settles $10 Million FTC Lawsuit Over Alleged Fraud in Money Transfer Services

Walmart, the world’s largest retailer, has agreed to pay $10 million to settle a civil lawsuit brought by the Federal Trade Commission (FTC), which accused the company of ignoring warning signs that its money transfer services were being exploited by fraudsters, costing consumers hundreds of millions of dollars. The settlement, filed on Friday in Chicago […] The post Walmart Settles $10 Million FTC Lawsuit Over Alleged Fraud in Money Transfer Se…