US FTC Sued Walmart for Facilitating Scams of Money Transfer Worth $197-Million


The Federal Trade Commission (FTC) of the United States has sued Walmart, a retail commerce company, for allegedly allowing the company’s money transfer services to be used by fraudsters, who fleeced consumers out of over 197 million dollars.

In the lawsuit, the US FTC has alleged that, for years, Walmart has turned a blind eye as the scammers taking advantage of the company’s failure for properly securing the money transfer services that are offered at the stores of Walmart.

According to the complaint of the US FTC, the company has not properly trained its employees, who have failed to warn the customers and used the procedures that have allowed the fraudsters to cash out at the company’s stores.

Samuel Levine, director of the Bureau of Consumer Protection of the US FTC, said that the scammers used the money transfer services of Walmart for the purpose of making off with the cash, and the company has also looked the other way and has pocketed millions in fees.

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Samuel Levine said the consumers of Walmart have lost hundreds of millions and the US FTC is also holding Walmart accountable for letting the fraudsters scamming its customers. The US FTC is also asking the court to order Walmart to return money to the consumers and also to impose civil penalties for the violations of Walmart.

In the reports, Walmart has also described the lawsuit as legally baseless and factually flawed.


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