Over $115 million goes to MoneyGram users who paid scammers

Most of the time, if you send money to a scammer with a wire transfer, you don’t get money back. But if you paid a scammer through MoneyGram and filed a refund claim with Gilardi & Co., watch your mailbox. Refund checks worth over $115 million are on the way to almost 39,000 people whose claims were approved.

The refunds are distributing money from MoneyGram’s $125 million settlement with the FTC in 2018. In that case, the FTC and US Department of Justice charged that MoneyGram failed to meet agreements to crack down on consumer fraud involving money transfers. In 2021, people who paid scammers through MoneyGram between January 1, 2013, and December 31, 2017, were eligible to file claims with Gilardi & Co., which is the claims administrator for the settlement. Gilardi & Co. is now sending checks to every person whose claim was approved.

The checks will say USPIS MoneyGram Remission Administrator and are drawn on Huntington National Bank. If someone says they can get you a refund if you pay them or give account information, that’s a scam. Don’t give money or information to anyone who promises to get you a refund. Read more about the case and these refunds at ftc.gov/moneygram. And if you filed a claim but don’t get a check, or if you have other questions about the refund process, contact Gilardi & Co. at moneygramremission.com.

If you think you paid a scammer, contact the wire transfer company. Tell them it was a fraudulent transfer. Ask them to reverse the wire transfer and give you your money back. Learn what else to do if you were scammed, and please report what you see to the FTC at ReportFraud.ftc.gov.

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