Federal Trade Commission sued Walmart on Tuesday, accused the retailer of allowing its money transfer services to facilitate fraud.
The FTC said the complaint, filed in the Northern District Court of Illinois, US, alleges that Walmart’s money transfer service was used to facilitate scams such as impersonating the Internal Revenue Service or other government entities requested the money, the FTC said. Between 2013 and 2018, more than $197 million in payments sent or received at Walmart were the subject of fraud claims, it said. The agency said Walmart was aware that scammers were using its system and did not do enough to stop it.
https://www.wsj.com/articles/ftc-accuses-walmart-of-letting-scammers-use-its-money-transfer-services-11656467843?mod=pls_whats_news_us_business_f FTC accuses Walmart of letting scammers use its money transfer services