Money wire company fined by FTC

October 20, 2009 10:28:03 PM PDT
MoneyGram International has agreed to pay a fine, for "looking the other way" as internet scammers used its money-wiring service.

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People have seen the emails proclaiming they have won the lottery or been guaranteed a loan.

The Federal Trade Commission said on Tuesday MoneyGram knew about these scams and did little to stop them.

They've been fined $18 million and have been ordered to launch an antifraud program.

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