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The Federal Trade Commission announced it is sending $9.8 million in restitution to consumers harmed by scammers who exploited Walmart's wire transfer service to siphon hundreds of millions of dollars. The redress follows allegations that Walmart failed to implement adequate safeguards to prevent fraudulent wire transfers, leaving vulnerable customers without protection against criminal activity.

1 outlet · 1 article · first seen Oct 16, 6:39 AM ET

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