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Violation Tracker Individual Record

Company: MoneyGram Payment Systems, Inc.
Current Parent Company: Madison Dearborn Partners
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $1,100,000
Year: 2008
Date: July 2, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: MoneyGram agreed to set up a $1.1 million consumer education fund as part of the settlement of multistate litigation relating to the use of money transfer systems by fraudulent telemarketers and other scam artists.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.