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Western Union wire fraud victims to get their money back

Wednesday 22 November 2017 00:42 CET | News

The US Federal Trade Commission (FTC) announced that citizens who lost money to scammers in wire frauds via Western Union can get their money back.

Thus, individuals who lost money to fraudsters who told them to pay via Western Union’s money transfer system between January 1, 2004 and January 19, 2017 can now file a claim to get their money back by going to FTC.gov/WU before February 12, 2018.

The FTC says some people who have already reported their losses to Western Union, the FTC, or another government agency will receive a form in the mail, which will have a Claim ID and a PIN number to use when filing a claim online via FTC.gov/WU. The agency emphasized that filing a claim is free, so consumers should not pay anyone to file a claim on their behalf.

Scammers tend to rely on money transfer businesses like Western Union and MoneyGram because once the money is sent and picked up by the recipient the transaction is generally irreversible. Such tricks include transfers made for fraudulent lottery and prizes, family emergencies, advance-fee loans, and online dating, among others.


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Keywords: US Federal Trade Commission, FTC, wire fraud, money transfers, Western Union, US, payment fraud, online security
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions