Walmart sued by Federal Trade Commission

by Kim Souza (ksouza@talkbusiness.net)

The U.S. Federal Trade Commission (FTC) said Tuesday (June 28) that it sued Walmart Inc., alleging the retailer allowed scam artists to access its money transfer services, resulting in fraud that cost consumers “tens of millions of dollars” each year.

The complaint said that for years Walmart did not adequately train employees, failed to warn customers and used procedures that allowed fraudsters to cash out at its stores.

“While scammers used its money transfer services to make off with cash, Walmart looked the other way and pocketed millions in fees,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection. “Consumers have lost hundreds of millions, and the Commission is holding Walmart accountable for letting fraudsters fleece its customers.”

https://talkbusiness.net/2022/06/walmart-sued-by-federal-trade-commission/