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FTC accuses Walmart of enabling scammers

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The Federal Trade Commission filed suit against Walmart, alleging the retailer looked the other way as scammers hijacked its money transfer business.

Walmart is accused of failing to monitor its money transfer services at its stores.

“While scammers used its money transfer services to make off with cash, Walmart looked the other way and pocketed millions in fees,” said Samuel Levine, director of the FTC’s bureau of consumer protection. “Consumers have lost hundreds of millions, and the commission is holding Walmart accountable for letting fraudsters fleece its customers.”

Read more from MarketWatch.


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