You may have heard of a recent scam that involved transferring money to scammers via Western Union. If you or someone you know fell victim to this, we may have some good news for you! The Federal Trade Commission recently announced that consumers who lost money to scammers who told them to pay via Western Union’s money transfer system between January 1, 2004, and January 19, 2017, can file a claim to be refunded. You can start the claims process by visiting FTC.gov/WU before February 12, 2018.
According to the FTC, the refund program follows a settlement with the Western Union Company, which in January 2017 agreed to pay $586 million to resolve charges brought by the FTC and the U. S. Department of Justice. More information about the scam, refunds, and claims process can be found at FTC.gov/WU. Filing a claim is free, so you should not pay anyone to file a claim on your behalf. And remember, no one associated with the claims process will call to you for your bank account or credit card number.
Scams like this can have lasting impacts on the lives of those affected. Here at Xceed, it’s our goal to help our members keep their finances and personal information safe, which is why we’ve put together a list of ways you can protect yourself and common scams to look out for at xfcu.org/education. We invite you to take the time to review this page, and contact us with any questions!