"DoJ Distributes $18.5m to Western Union Fraud Victims"

It has recently been announced that around 3000 victims of historic fraud facilitated by Western Union will receive millions of dollars in the latest round of reimbursements announced yesterday.  The Department of Justice (DoJ) said that the second distribution of the second phase of the Western Union Remission would compensate the victims another $18.5m forfeited to the government by the Colorado-headquartered money transfer business.  The remission fund has to date distributed over $420m to more than 175,000 victims, including $40m to over 25,000 victims in the first distribution of the second phase back in 2023.  The idea is to fully compensate all victims for their losses.  The second phase was opened in March 2022 to provide victims who had not filed petitions in the first phase an opportunity to get their money back.  US attorney Gerard M. Karam for the Middle District of Pennsylvania said, "Western Union allowed fraudsters to carry out schemes against the most vulnerable people in our society."

Infosecurity Magazine reports: "DoJ Distributes $18.5m to Western Union Fraud Victims"