Moneygram International, Inc.
On 11/9/2012, the Department of Justice announced that Moneygram International, Inc., agreed to forfeit $100 million and enter into a five-year deferred prosecution agreement in which it admits to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program. According to court documents, MoneyGram was involved in mass marketing and consumer fraud phishing schemes, perpetrated by corrupt MoneyGram agents and others, that defrauded tens of thousands of victims in the United States. MoneyGram also failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act. The Justice Department will return the forfeited funds to the victims of the fraud scheme through its Victim Asset Recovery Program.