See If You Qualify For Monetary Reward
Please Upload related files below
Fill in below.
Looking for more?
Levi & Korsinsky announces it has commenced an investigation of MoneyGram International, Inc. (“MoneyGram” or “the Company”) (NASDAQGS: MGI) concerning possible violations of federal securities laws.
On November 8, 2018, the Federal Trade Commission announced that MoneyGram agreed to pay $125 million to settle allegations that the company “failed to take steps required under a 2009 Federal Trade Commission order to crack down on fraudulent money transfers.” The payment will also resolve allegations that MoneyGram violated a separate 2012 deferred prosecution agreement with the Department of Justice. MoneyGram also reported its third quarter 2018 financial results, including a revenue decrease of 15% compared to the third quarter 2017. Among other things, the Company stated that “enhanced compliance controls and introductory pricing reduced top-line growth in the quarter.”