Schmidt says MoneyGram settlement money available

Kansas consumers who sent money to scam artists through MoneyGram between 2013 and 2017 may be eligible to receive compensation, Kansas Attorney General Derek Schmidt said. The funds come from a $125 million administrative forfeiture from MoneyGram as part of an agreement with the U.S. Department of Justice and the Federal Trade Commission filed in 2018. That agreement came after a similar agreement in 2012, when MoneyGram agreed to implement a new fraud interdiction system. However, that system ultimately proved ineffective, and MoneyGram failed to block a substantial number of transactions associated with entities they previously identified as receiving fraudulent transactions.