Walmart Hit with $10M Fine After Allegedly Enabling Wire Fraud

Walmart hit with $10 million fine after allegedly enabling wire fraud

BENTONVILLE, Ark. (KNWA/KFTA) — Walmart has agreed to pay $10 million to settle Federal Trade Commission (FTC) allegations that it allowed scammers to use its in-store money transfer services to defraud consumers out of hundreds of millions of dollars across the United States. The settlement follows a years-long investigation by the FTC, which claimed that Walmart failed to implement sufficient anti-fraud safeguards, including proper employee tr…

Walmart hit with $10M fine after allegedly enabling wire fraud

BENTONVILLE, Ark. (KNWA/KFTA) — Walmart has agreed to pay $10 million to settle Federal Trade Commission (FTC) allegations that it allowed scammers to use its in-store money transfer services to defraud consumers out of hundreds of millions of dollars across the United States. The settlement follows a years-long investigation by the FTC, which claimed that Walmart failed to implement sufficient anti-fraud safeguards, including proper employee tr…

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.