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The U.S. Justice Department (DoJ) is distributing $18.5 million to around 3,000 international victims of historic fraud that involved Western Union.
So far, over $420 million has been distributed to more than 175,000 victims, including $40 million in the first distribution of this second phase in 2023.
The initiative aims to fully compensate all victims for their losses. The second phase opened in March 2022, allowing those who missed the first round to file for reimbursement.
The U.S. Justice Department (DoJ) plans to authorize more reimbursements for victims of fraud involving Western Union, stemming from a 2017 deferred prosecution agreement. In this agreement, Western Union admitted to various criminal acts, including violations of the Bank Secrecy Act, and agreed to forfeit $586 million to compensate victims of multiple scams.
These scams included:
The DoJ noted that some Western Union employees were complicit in these schemes by failing to take action against fraudsters.
Did you think their money was stolen irretrievably?
React if you’re interested in regular updates from the online fraud sector!
So far, over $420 million has been distributed to more than 175,000 victims, including $40 million in the first distribution of this second phase in 2023.
The initiative aims to fully compensate all victims for their losses. The second phase opened in March 2022, allowing those who missed the first round to file for reimbursement.
The U.S. Justice Department (DoJ) plans to authorize more reimbursements for victims of fraud involving Western Union, stemming from a 2017 deferred prosecution agreement. In this agreement, Western Union admitted to various criminal acts, including violations of the Bank Secrecy Act, and agreed to forfeit $586 million to compensate victims of multiple scams.
These scams included:
- Grandparent scams: Fraudsters posing as relatives in urgent need of money.
- Lottery scams: Victims told they won a prize but had to pay fees to claim it.
- Romance scams: Scammers pretending to be love interests asking for money.
The DoJ noted that some Western Union employees were complicit in these schemes by failing to take action against fraudsters.
Did you think their money was stolen irretrievably?
React if you’re interested in regular updates from the online fraud sector!
