Where’s my money honey?

Western Union Financial Services (a part of the Denver-based First Data Corp.) has entered into an agreement with the State of Washington and forty six other states, to post clear warnings, cautioning customers against fraudulent telemarketers. Western Union, as a part of its drive against money-wiring frauds (foreign lotteries, fake advance-fee loans and fraudulent sales agreements), will contribute close to $8.2 million towards a national consumer awareness program. The move comes after numerous complaints against money-wiring frauds, followed by a review of all money transfers in 2003 between the United States and Canada, which revealed that over 38% of these transfers were of fraudulent nature.

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Source: IIPM - Business & Economy