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Western Union to Pay $586 Million Fine for Aiding Wire Fraud

January 23, 2017 06:36PM
Wow –– this is big news!

Wire fraud has been such a huge issue in the mystery shopping world. It is fantastic to see such a huge action being taken.

Hopefully this will mean some victims will get their money back.

[www.reuters.com]
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January 23, 2017 09:17PM
The government tends to keep the money. All the fines against Toyota for example. I've received settlement checks from an insurance company and cell phone company. Both were less than $20 and a separate settlement from the huge fine paid to the government.

My posts are solely based on my opinions and for my entertainment, contact a professional if you need real advice.

When you get in debt you become a slave. - Andrew Jackson
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January 24, 2017 01:40AM
isaiah, it's actually the lawyers who keep the bulk of the money.

"I told myself to quit you; but I don't listen to drunks." -Chris Stapleton
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January 24, 2017 02:03AM
@HonnyBrown wrote:

isaiah, it's actually the lawyers who keep the bulk of the money.

Look up the difference between being fined and losing a lawsuit. Our government or certain organizations can set fines, the money goes to them. When we the people get paid is part of a separate reparations agreed upon in addition to a fine, or because of a lawsuit.

My posts are solely based on my opinions and for my entertainment, contact a professional if you need real advice.

When you get in debt you become a slave. - Andrew Jackson
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January 24, 2017 02:30AM
Look up the lawyers' fees for a class action lawsuit.

"I told myself to quit you; but I don't listen to drunks." -Chris Stapleton
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January 24, 2017 02:50AM
Actually attorney's fees for class action lawsuits are set by the court and the benchmark is 25%. Also that is what they took out of my brother's settlement from BP.

[class-actions.lawyers.com]

As Isaiah said though, this was a fine, not a lawsuit, and the money will go to the US Government.

There are reasons that a body stays in motion
At the moment only demons come to mind
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January 24, 2017 02:01PM
The stories I've seen state the money will be used to reimburse victims through a yet to be determined process. Who knows exactly how much will reach the victims. Some of the fine was for activity where there may not have been a victim per se. On the plus side, it means more work for mystery shoppers helping to check up on this type of activity.
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January 26, 2017 01:06AM
Most of that fraud occured in the State I'm living in......especially in the South Valley!
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January 26, 2017 01:53AM
@mystery2me wrote:

The stories I've seen state the money will be used to reimburse victims through a yet to be determined process. Who knows exactly how much will reach the victims. Some of the fine was for activity where there may not have been a victim per se. On the plus side, it means more work for mystery shoppers helping to check up on this type of activity.
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January 26, 2017 01:55AM
But the "Check up" shops pay nearly nothing and are very detailed. 10 foot pole IMO.
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