New FTC complaint against Walmart Money transfer Fraud


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The Federal Trade Commission filed an additional lawsuit, which it claims strengthens its argument that Walmart permitted scammers to exploit its money transfer services to defraud customers out of hundreds of millions of dollars.

The Federal Trade Commission sued Walmart last June, alleging that the retail behemoth “turned a blind eye” as scammers took advantage of its money transfer service to defraud customers. In its lawsuit, the FTC alleged that Walmart’s staff have been required to provide settlements regardless of a questionable money transfer for years.

A judge partially approved Walmart’s plea to dismiss the case earlier this year, eliminating one of the two allegations asserted by the regulator.

Read More: FTC files amended money transfer fraud complaint against Walmart

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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