Conversation

Instead of crying about shop lifting, Walmart should probably stop scamming its own customers.

"In the aftermath of this crackdown, federal officials warned Walmart that fraudsters were using its stores to send and receive money transfers. Walmart assured the officials that it already had a “comprehensive” anti-fraud program and would bolster its efforts by training employees to identify suspicious transactions and providing warning signs and brochures in its stores. But those claims, according to the FTC, “turned out to be false.”

Fraud soared. Walmart outlets at one point accounted for the top 20 locations for fraud nationally among chains that partnered with MoneyGram, according to internal documents. In a single week in March 2017, consumers claiming they’d been duped into a money transfer filed 610 complaints about Walmart, according to documents obtained by ProPublica. CVS ranked second, with 47."

https://www.propublica.org/article/walmart-financial-services-became-fraud-magnet-gift-cards-money-laundering