PIERRE, S.D. (AP) -- South Dakota Attorney General Marty Jackley says the state has entered a settlement with MoneyGram International Inc. entitling some customers to get money back from advance fee schemes.
Jackley says MoneyGram has agreed to the forfeit $100 million back to eligible consumers. He says the agreements are from the company's involvement in mass marketing and consumer fraud causing tens of thousands of individuals to lose money.
A person must have been defrauded into sending money under the promise of getting a large cash prize, under the promise of purchasing a high-ticket item at an Internet discount or have been involved in a secret shopper scam.
The settlement affects U.S. or Canadian customers who sent money to a payee in the U.S. or Canada from January 2004 through August 2009.
- Financial Fraud Prevention