The former compliance officer for money transfer company MoneyGram must pay $250,000 — the largest such fine imposed — to settle allegations that he personally failed to stop consumers from becoming victims of fraud. [More]
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Former MoneyGram Executive To Pay Record Personal Fine To Settle Money Laundering Accusations
By 5.5.17 — Updated: 5.9.17
Governors Ask Attorney General To Leave Their Legal Marijuana Alone
By 4.4.17 — Updated: 5.10.17
While federal lawmakers from both sides of the aisle are pushing for legislation to reform marijuana laws, the executive branch of the government has given every indication of a coming crackdown on recreational marijuana, even in states where it’s now legal. The governors of the first four states to legalize pot are now asking the White House to respect their states’ voters and not return weed to the dark ages. [More]
Western Union Will Pay $585 Million For Not Doing Enough To Stop Wire Fraud
By 1.19.17
Whether it’s the “distant relative stranded in a foreign country” scam or the “you’ve won the lottery but you have to pay us scam” or any other variation on this remotely operated ruse, wire transfer services like Western Union are often the conduit for getting that money from the victim to the scammer. After years of being accused of not doing enough to clamp down on fraud by its customers, Western Union has agreed to pay $585 million to federal authorities and admit that its policies — and some of its agents — aided and abetted wire fraud. [More]
