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US Federal Trade Commission sues Walmart for facilitating money transfer scams worth USD 197 Million

Shortpedia

Content Team
Image Credit: business insiders

The US Federal Trade Commission (FTC) has sued retail commerce giant Walmart for allegedly allowing its money transfer services to be used by fraudsters, who fleeced consumers out of more than $197 million. In its lawsuit, the FTC alleged that for years, the company turned a blind eye while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores.