Did you lose money to scammers via Western Union? The FTC may get your money back

Western Union Sign in Jakarta

Victims who lost money to scammers by sending them their hard earned cash through Western Union may be able to get their money back.

The Federal Trade Commission announced Monday that victims who paid scammers via Western Union between January 1, 2004 and January 19, 2017 can now file a claim to get their money back. The claim must be filed before February 12, 2018.

The refunds are apart of a settlement the FTC reached with Western Union in January 2017, which required the company to pay $586 million to resolve charges brought by the FTC and the U. S. Department of Justice. The charges alleged scammers were able to use Western Union’s money transfer system to get payments from their victims, even though the company was aware of the problem and received hundreds of thousands of complaints about fraud-induced money transfers made for a variety of scams.

“American consumers lost money while Western Union looked the other way,” said FTC Acting Chairman Maureen K. Ohlhausen.

According to the FTC, filing a claim is free and no one with the claims process  will call to ask for consumers’ bank account or credit card number.

To file a claim or get more information, consumers can click here.

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