Western Union fined $586 for consumer fraud violations

Western Union fraud settlementOn January 19, Western Union agreed to pay $586 million to settle an investigation by the Department of Justice (DOJ) and Federal Trade Commission (FTC). Western Union, the world’s biggest money-transfer company, is headquartered in Englewood, Colorado.

According to a DOJ press release, Western Union has admitted to violations of federal anti-fraud and money-laundering laws. The DOJ alleges that, between 2004 and 2012, Western Union violated the Bank Secrecy Act (BSA) and anti-fraud statutes by processing thousands of transactions for Western Union agents and others involved in an international consumer fraud scheme.


FTC enters orders against mortgage relief scammers

On January 11, the Federal Trade Commission (FTC) issued a press release announcing that it has agreed to a pair of stipulated orders with individuals who participated in alleged fraudulent mortgage relief schemes.

According to the FTC’s stipulated order, Damian Kutzner and four attorneys operating as Brookstone Law and Advantis Law, operated a mortgage relief scheme that “bilked millions of dollars from financially distressed homeowners.”


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