“Walmart Agrees to $10 Million Settlement in FTC Money Transfer Fraud Case”

Walmart has agreed to pay $10 million to settle a lawsuit filed by the Federal Trade Commission (FTC), which accused the retail giant of enabling fraud through its money transfer services. The FTC alleged that Walmart failed to adequately monitor and prevent scams involving money transfers sent via its in-store services—many of which were exploited by fraudsters to steal millions from vulnerable consumers. According to the complaint, Walmart allowed high-risk transfers to go through without proper oversight, despite warnings from law enforcement and internal red flags. As part of the settlement, the company has not admitted wrongdoing but has agreed to improve its anti-fraud practices, increase employee training, and enhance its monitoring systems. The FTC stated that the $10 million will be used to compensate victims of fraud who were misled into using Walmart’s transfer systems. This case highlights growing federal pressure on large retailers and financial platforms to take greater responsibility in detecting and preventing consumer scams.

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