The Federal Trade Commission says it has sued Walmart for allowing its money transfer services to be used by scam artists who the agency says fleeced hundreds of millions of dollars from consumers
FILE - Cars fill up a parking lot in a Walmart location in Philadelphia on Nov. 17, 2021. The Federal Trade Commission said Tuesday, June 28, 2022, that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole hundreds of millions of dollars" from customers.
“While scammers used its money transfer services to make off with cash, Walmart looked the other way and pocketed millions in fees,” Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said in a statement announcing the action. “Walmart will defend the company’s robust anti-fraud efforts that have helped protect countless consumers, all while Walmart has driven down prices and saved consumers an estimated $6 billion in money transfer fees," it said.