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.