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WESTERN UNION (WU)
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Western Union : has compensation for scam victims

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12/02/2017 | 06:48pm CEST

Dec. 02--North Dakota Attorney

General Wayne Stenehjem announced Friday that

people who were deceived into sending payments to scammers using Western Union's wire transfer

service may be eligible

for compensation.

The Victim Asset Recovery Program Fund has $586 million and was established by Western Union as a condition of a settlement the company reached with all 50 states and the District of Columbia related to fraud-induced money wire transfer services that occurred between Jan. 1, 2004, and Jan. 19, 2017.

The fund will be be administered by the U.S. Department of Justice.

Western Union acknowledged that it failed to take reasonable steps to prevent fraudulent wire transfers, to properly train staff to recognize potential fraud, or to investigate suspicious transactions, according to the Office of the North Dakota Attorney General.

Anyone who lost money in a scam using Western Union wire transfer services is eligible to file a claim. People who previously reported to Western Union or the attorney general's office that were the victims of a scam using Western Union should automatically receive a claim form in the mail. The claim form includes instructions on how to file the claim and receive compensation. Completed forms must but submitted to the settlement administrator by Feb. 12.

Go to http://bit.ly/2nmk0Sr to get a claim form or for more information call the settlement administrator at 1-814-319-2124.

___

(c)2017 The Jamestown Sun (Jamestown, N.D.)

Visit The Jamestown Sun (Jamestown, N.D.) at www.jamestownsun.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 5 687 M
EBIT 2018 1 124 M
Net income 2018 859 M
Debt 2018 -
Yield 2018 3,99%
P/E ratio 2018 10,04
P/E ratio 2019 9,64
Capi. / Sales 2018 1,47x
Capi. / Sales 2019 1,43x
Capitalization 8 373 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 20,7 $
Spread / Average Target 11%
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Managers
NameTitle
Hikmet Ersek President, Chief Executive Officer & Director
Jeffrey A. Joerres Non-Executive Chairman
Rajesh K. Agrawal Chief Financial Officer & Executive Vice President
Sheri Rhodes Chief Technology Officer & Executive VP
Betsy DeHaas Holden Independent Non-Executive Director
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