MoneyGram will pay $100 million to settle consumer fraud case

Article by: JENNIFER BJORHUS , Star Tribune
Updated: November 10, 2012 - 6:24 AM

Tens of thousands lost money in swindles, federal prosecutors say.

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jock1mnNov. 9, 12 7:05 PM

This Company isn't just going to explode, it will implode. They cannot get their act together. Anyone working there, should be held accountable and secondly, shut the place down.

kjjkjjNov. 10, 12 8:58 AM

Can we find out who the executives were that 'rejected this advice' and how much money they walked away with in bonus after they left the company? Some local thieves possibly? No reparations required on their behalf on all this fraud they allowed to be committed that misled and hurt people?

easyed321Nov. 10, 1211:03 AM

It's no secret that the crooks running this place walked away with a big payout. Phil Milne got his golden parachute in excess of 10 Million and the company went from a $30 stock to .97 at it's low point. The greed of the execs drove them to put their daily float into the sub-prime market ... and we all know how well that went. Don't let the current price fool you either, the current regime hasn't done that well turning things around, the $14 price is a result of a reverse 8:1 stock split, putting the comparative value at less than $2 from that original $30 price.