Last Updated on by SCARS Editorial Team
Western Union Repayment News
UPDATED NOVEMBER 13 2017 [UPDATED AUGUST 17, 2018]
FILING A CLAIM HAS BEEN EXTENDED – CLICK HERE
The United States Department of Justice Money LaunderingMoney laundering Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. Money laundering can be done through various mediums, leveraging a variety of payment vehicles, people and institutions. and Asset Recovery Section serves as the central decision making authority on all petitions for remission filed in judicial matters across the country. At times, the complexity of the matter or volume of victims necessitates the hiring of an outside claims administrator to assist with the processing of petitions. Listed below are matters where a court-appointed trustee, special master, or claims administrator has been hired to manage the petition for remission process. If you believe you are a victim of one of the matters listed below, please visit the listed website for additional information and frequently asked questions on the matter.
On January 19, 2017, The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, agreed to forfeit $586 million and entered into agreements with the Justice Department and the Federal Trade Commission. In its agreement with the Justice Department, Western Union admitted that it violated U.S. laws—The Bank Secrecy Act and anti-fraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim. statutes—by processing hundreds of thousands of transactions for Western Union agents and others involved in an international consumer fraud scheme. As part of the scheme, fraudsters contacted victims in the U.S. and falsely posed as family members in need or promised prizes or job opportunities. The fraudsters directed the victims to send money through Western Union to help their relative or claim their prize. The Department of Justice hired Gilardi & Co., LLC to serve as the remission administrator in this matter.
If you believe you were a victim of the fraud described above and you made a wire transfer through Western Union between January 1, 2004 and January 19, 2017, you may be eligible for remission.
In order to be considered for a remission payment, you will be required to submit a Remission Form along with any available supporting documentation. The process for filing a petition has not started. When the petition process begins, information about filing a petition online or in the mail will be posted here. You can contact the Remission Administrator at 1-844-319-2124, email info@WesternUnionRemission.com, or sign up to receive updates via email here.
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What is this case about?
Western Union has agreed to forfeit $586 million to the government, settled consumer fraud charges by the Federal Trade Commission (FTCFTC The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC can also act as a clearinghouse for criminal reports sent to other agencies for investigation and prosecution. To learn more visit www.FTC.gov or to report fraud visit ReportFraud.FTC.gov), and has entered into a deferred prosecution agreement with the Department of Justice (DOJ), in which it admits to criminally aiding and abetting wire fraud and violations of the Bank Secrecy Act. As part of the scheme, fraudsters contacted victims in the U.S. and falsely posed as family members in need or promised prizes or job opportunities. The fraudsters directed the victims to send money through Western Union to help their relative or claim their prize. Various Western Union agents were complicit in these fraud schemes, often processing the fraud payments for the fraudsters in return for a cut of the fraud proceeds.