Western Union to pay $586 million to victims who sent money in scamsOn February 2, 2020 by Raul Dinwiddie
WIRE TRANSFER SCAMS ARE A BIG BUSINESS. PEOPLE IN NEW MEXICO BEING TARGETED EVERYDAY. NOW SOME PEOPLE WHO USED WESTERN UNION ARE GETTING SOME OF THEIR MONEY BACK. BUT NOW THAT COMPANY MUST ALSO HELP TRY TO STOP THE SCAMMERS. NEW 13’S SOYOUNG KIM IS HERE WITH THE STORY. SOYOUNG? KIM THE ATTORNEY GENERAL SAYS IT WAS A JOINT INVESTIGATION WITH 49 STATES. WESTERN UNION HAS AGREED TO PAY 586-MILLION DOLLARS TO PEOPLE WHO USED WESTERN UNION TO SEND MONEY AS PART OF A SCAM. ATTORNEY GENERAL HECTOR BALDERAS SAYS NEW MEXICO WILL BE GETTING A PIECE OF THAT PAYOUT. AND SAYS THIS SETTLEMENT HOLDS BUSINESSES… THAT DEAL WITH TRANSFERRING MONEY ACCOUNTABLE – WHEN PEOPLE ARE SCAMMED USING THEIR SERVICES. HE SAYS THEY HAVE AN OBLIGATION TO PROTECT CUSTOMERS AND THEIR INFORMATION. AND HOPES IT WILL FORCE THEM TO BE MORE VIGILANT ABOUT PROTECTING ITS CONSUMERS. 6:56-59 “This is a good historic move to good corporate stewardship.” 4:55 – 5:00 “There are still trusting grandmothers, there are too many trusting individuals who work hard for their money.” BALDERAS SAYS IT’S HARD TO ESTIMATE HOW MUCH MONEY NEW MEXICANS GET SCAMMED OUT OF EVERY YEAR. BUT HE SAYS NEW MEXICO HAS A HIGH POOR AND ELDERLY POPULATION — TWO OF THE MOST VULNERABLE GROUPS. 4:30 – 35 “Try to stay away from the internet or doing buisness over “It’s a big business, it’s an international market.” THE ATTORNEY GENERAL SAYS THEY ARE STILL NEGOTIATING WITH THE DEPARTMENT OF JUSTICE TO DECIDE HOW MUCH OF THAT SETTLEMENT THE STATE WILL GET. BACK TO YOU. OKAY SOYOUNG. AS PART OF THAT PAYOUT WESTERN UNION IS REQUIRED TO PUT NEW ANTI-FRAUD MEASURES IN PLACE. WHICH INCLUDES PROVIDING MORE TRAINING FOR EMPLOYEES TO RECOGNIZE SUSPICIOUS TRANSACTIONS.