On June 20, the U.S. District Court for the Northern District of Illinois entered a stipulated order for injunction and monetary judgment, requiring a retail corporation, which provides financial services, to pay $10 million to the FTC and restricting the defendant’s money transfer services.

The FTC filed its complaint seeking a permanent injunction and monetary relief against the defendant, and later amended its complaint, alleging the defendant engaged in unfair or deceptive acts or practices in violation of Section 5(a) of the FTC Act, the Telemarketing Act, and the Telemarketing Sales Rule by providing money transfer services to consumers through its worldwide network. The defendant neither admitted nor denied the allegations.

The court ordered the corporation to pay $10 million to the FTC as monetary relief. Additionally, the order permanently enjoined the defendant, its officers, agents and employees from providing money transfer services without taking appropriate action to prevent fraud-induced transfers, from paying out any transfer known to be fraudulent.