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MoneyGram $125 Million Settlement

Class Action Settlements

MoneyGram $125 Million Settlement – Fraud & Scams Class Action Lawsuit

The Class Action Settlement

MoneyGram, an American money transfer company, will pay out $125 million to settle claims of customers who were victims of fraudulent activities.

In 2009, the Federal Trade Commission (FTC) ordered MoneyGram to implement stricter security measures to make it harder for swindlers to scam customers using their money transfer service.

Nevertheless, it was observed that the company failed to follow this order, and their service was continuously used for fraudulent activities.

This resulted in a $125 million class action settlement that MoneyGram has agreed to pay to compensate customers who lost money.

The claims administrator, Gilardi & Co., released a statement that will begin sending out claim forms via mail to affected customers who lost money using MoneyGram’s service.

Claim Eligibility

Eligible class members who will receive a part of the $125 million settlement are customers who have lost money thru fraud and have sent it to scammers using MoneyGram’s money transfer service. 

The transaction should have occurred from January 1, 2013, to December 31, 2017. 

Eligible customers can expect to obtain a pre-filled claim form in their mailboxes from Gilardi & Co. 

The claim form will contain the amount that will be reimbursed to them and be used to retrieve their portion of MoneyGram’s settlement.

Claim Process

The pre-filled claim form contains the amount that will be reimbursed to the affected customer.

This amount is based on the reports that were filed due to fraudulent activities encountered using MoneyGram. 

Individuals who will receive the claim will need to check if they agree with the amount stated or not.

If they agree with the amount, they will need to do the following:

  • Sign and fill-up required details.
  • Mail back the claim for using the return envelope within 90 days or before June 1, 2021.

If they do not agree with the compensation amount, they will need to do the following:

  • Sign and fill-up required details.
  • Include documentary evidence that will show why you do not agree with the amount stated. Evidence can include a copy of the transaction history, receipts, or send forms obtained from MoneyGram’s website. The money transfer control number (MTCN) should be included.
  • Mail back the claim form, including supplementary documents, using the return envelope within 90 days or before June 1, 2021.

Claim Rules

Individuals who will receive a claim form are required to do or give the following information when making claims:

  • Fill up, sign, and date the claim forms.
  • Give their social security number (SSN)

Social Security Number (SSN) is required for the federal Treasury Offset Program to check if the individual has any outstanding balance to the government.

Individuals who have not received a claim form but would like to be reimbursed can file a petition online using the claims website.

The claims website will be open to the public from June 1, 2021, to August 31, 2021.

The 8-digit MoneyGram money transfer control number (MTCN) must be included when filing online, together with additional documentation like copies of receipts, transaction history, or send forms that will support the claim.

Editor’s Note on MoneyGram $125 Million Settlement:

This article is published to inform you of the latest update on the MoneyGram Settlement resulted from the class lawsuit over frauds & scams.

Are you affected? Do you think you’re eligible to take part in this settlement?

Please send us a message by clicking the ‘Contact Us’ button below. We’d love to hear back from you!

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