Violation Tracker Individual Record
Company:
MoneyGram Payment Systems, Inc.
Current Parent Company:
MoneyGram International
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 Parent:
USA
HQ State of Parent:
Texas
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
money transfer services
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
