Hawaii among states signing onto MoneyGram settlement
Advertiser Staff
Hawai'i is among the states that have signed onto a multi-state settlement with MoneyGram International Inc., which was being investigated for allegations that bogus telemarketers and others were using the company's money transfer services for fraud.
Under the terms of the agreement announced by New Jersey Attorney General Anne Milgram, MoneyGram will pay $1.1 million toward a national consumer awareness program and take steps to boost its company anti-fraud programs.
The probe involving MoneyGram looked at the problem of fraud-induced transfers, or money that consumers wired to fraudulent telemarketers and other scam artists that among other things told consumers that they had won a large sum of money in a lottery but needed to pay taxes first to receive it.