A.G. Beshear: Some Kentuckians could receive restitution followi - WDRB 41 Louisville News

A.G. Beshear: Some Kentuckians could receive restitution following MoneyGram settlement

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LOUISVILLE, Ky. (WDRB) -- Some Kentuckians who were victims of a MoneyGram wire transfer scam could be eligible to receive restitution under a settlement, according to Kentucky Attorney General Andy Beshear.

The announcement was made in a news release issued Tuesday morning.

Several states and the District of Columbia took part in a settlement with MoneyGram Payment Systems Inc., which is based in Dallas. The company has agreed to pay $13 million in restitution.

The funds will allow an independent third party to review records from MoneyGram and also send out notices to Kentucky residents who are eligible to get restitution under the settlement.

"Over the last six weeks we have seen a rise in the number of scams bombarding Kentuckians," Beshear said in a release. "As part of these scams, con artists use a wide variety of ways to persuade consumers to wire money, just as they did surrounding the investigation and settlement with MoneyGram. Besides providing restitution to Kentuckians, the company will now have effective anti-fraud measures to prevent Kentuckians from suffering financial losses as a result of these fraud induced money transfers."

The news release says it is anticipated that Kentucky residents will receive a full refund based on the transfer amounts provided in complaints to MoneyGram.

The number of claims filed and the total amount of money claimed will be taken into consideration. This could result in consumers receiving a pro-rated amount.

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