You are here

Money Transfer Scams

Share this page

The U.S. Postal Inspection Service recently distributed thousands of checks totaling $46 million to people who lost money in scams that involved MoneyGram, a popular money transfer service.

According to law enforcement officials, from 2004 to 2009, MoneyGram turned a blind eye to scam artists and money launderers who used the company to commit fraud. During that time, tens of thousands of people in the U.S. lost money to a variety of money transfer scams, including fake lottery and prize scams, family emergency scams, and “guaranteed” loan scams.

How do these scams work? Generally, you get a call from someone who says:

  • you won a prize but you have to pay “taxes” on it
  • a friend is in trouble and needs your help
  • you can get a loan — even if you have bad credit — but you have to pay a small fee first

Whatever the pitch, the caller’s only goal is to get your money ­— not to give you something in return.

MoneyGram also agreed to step up their anti-fraud programs. Nevertheless, scammers continue to add new twists to old schemes and pressure people into sending money. Using a money transfer service is like sending cash ­— once you send the money, it’s nearly impossible to trace it or get it back.

Check out this video for more details:



Tagged with: money transfer, refunds, scam
Blog Topics: 
Money & Credit


Thanks fpr your help

There was some one in Malaysia who keep on calling me and asking me to pay a lot of money.Because there is a parcel send by frend of mine,i already deposite us dollar 1200,and i did not get the parcel and now they are threatening me to pay more money.

thats to bad youhave no recorse when thay have yourmoney your out it thay are big scum bags there is no pacage for you send the emails to the FBI in your town best of luck

Is there a way to claim enyrhing bk I'm dad of 4 and on benifets iv handed over 500 to fastcureyer express

You can report a scam to the FTC at Or you can contact your state Attorney General’s office about a problem.

HOW does CASH THAT IS SENT TO another US state VIA WESTERN UNION make it to another country???

The money is not meant for that state.... the person whom you are sending it also doesn't know that it is a scam.... they are told that the money they are receiving is for business which is in another country and they are given a small token so as they don't ask too many questions.
The money is then sent to the other country.... the person receiving the money from the other country is close to the scammer... could be a girlfriend. Reason to that it's because they don't to lose. Two things here.... the girlfriend might know that the boyfriend is a scammer or she doesn't know. She only knows that the boyfriend is receiving money from a distant relative.....

So r u saying that they will Western Union for example funds y you pick it up and send it somewhere else you have been scammed

I've been talking to someone for a while through text messages just recently asked me if I can Western Union money to West Africa he will send me the funds I just have to send it to West Africa.. I don't know if it's a scam or scammer

Some scammers want to send stolen money, but they don't want to get caught, so they recruit other people to do the work for them. The scammers might develop relationships and ask their new friend to accept a deposit and transfer the money. Other scammers recruit people with job ads that seem like they’re for legitimate jobs, but they’re not. They ask "employees" to transfer funds as part of their employment.

If you get involved and help a scammer transfer money, you could lose money and personal information, and you could get into legal trouble.

I am being asked to transfer money to my bank 750000lbs at first he ask me to send 2000. And I refused so now he said he will transfer his money from a bank in London so I can pay for equipment for his job. Is this a scam

Yes this is a scam. I went through the same thing. Your friend will get all of your personal information so his financier can transfer money in your account. I trusted my friend with my information. I later became apprehensive, because I was a member of a Military Credit Union, and they are aware of such situations and protect their members money very well. This financier had tried to deposit the money, but when the bank tried to collect it, it was declined. These people are working within a time line and want you to get the money fast so they can get away. But banks usually advise their members to let deposit, like wires from western union, moneygram or other banks stay in your account for 3 to 7 days to make sure it clears. Stop and think, why would a business man not have a financial plan to travel with equipment needed for the job. They are required to have money upfront to do any project or job. They can not start with no funds at all.

OMG, I think I made the very same mistake thinking this man really love so he say, I was just sitting here thinking this does not make sense I came across your comment this happened very same I gave him all my personal information every time I told him that I'm going to close my bank account he's trying to stop me from not doing it and he said he's in Africa oh my God what do I do

You already know what to do. You've known all along. Your spirit told you to close the account. Instead of following your instincts, you listened to someone whom you obviously had doubts about anyway. Dump the man, count your losses as payment for a lesson learned. I have been in contact for about two years now with a guy in Africa claiming that I have been awarded $17,000,000.00 in restitution funds. The money would be released to me after I paid the transfer fee. Over the years the years the fee has decreased considerably. The original fee was $400.00 having decreased in increments considerably because I have alternately told them to with draw any fees from the allotted funds or keep the money/ The scammer has posed as an Official of the Treasury, a few other African counsul members, he has purportedly sent me verification from the Secretary of the United States Treasury Department, and my replies have remained the same, if there is indeed funds belonging, I authorized them to withdraw any required fees and forward the proceeds. At one point I was instructed to send just $75.00 and they would transfer the money via Visa. I told them to send it via mail post for less than $1.00, but I would not ever send them one red penny. The guy even went so far as to send me an email allegedly from a Vice President of Bank of America, apologizing profusely for the problems I was having receiving my funds and that she would be handling the case from then on. I advised her of the same fact, I would not wire or by any means, send one red cent. Finally, the guy who stated he could not understand why I did not trust him said he was going to personally deliver the money to my home, he just needed to know what airport he should fly into. He again requested my name, address, occupation, phone number, age, etc. I suggested that if he was indeed holding that kind of money in my name, he would already have that information. I again suggested he just keep the money and I was no longer interested in playing the game. I also suggested he use Grammerly to assist with the many misspellings and misuse of grammer. If it sounds too good to be true, it probably is. And when your God given spirit warns you with via "you just got a bad feeling" about the matter and/or the person, RUN!

Yes !! Don't do it !!

What is this person's name?

Bridget Small - FTC: A friend in Accra Africa has asked me to receive a $2500 money gram from his friend in the UK and then money gram it to him in Accra. Is this a scam and could I be commiting a crime?

I don't know if this particular situation is a scam.


Some scammers use people to help them transfer stolen money. They meet people online, or ask a friend or  sweetheart to use their own bank account to receive money, and then transfer it to a third person.


If you do this for a scammer, your name is on the bank account and on the money transfer forms. If you get involved with one of these schemes, you could lose money and personal information, and you could get into legal trouble.

Hi I have the same case what did u do then?

Hello. So i get sent a fedex with just $200.oo to western union money to Russia. I think they are sending me stolen money? I keep telling the person i know there up to no good but they keep lying. I've been stupidly playing along but i don't want to get into any legal trouble over my stupidity. Please help.

Some scammers use people to help them transfer stolen money. They meet people online, or ask a friend or  sweetheart to use her own bank account to receive money, and then send it to a third person.


If you do this for a scammer, your name is on the bank account and on the money transfer forms. If you get involved with one of these schemes, you could lose money and personal information, and you could get into legal trouble.

Did you ever figure it out ? I think I just made the same mistake

It's a scam...same thing happened to me same country. On hook for 12K

Can someome take your money if they have you online baking password and user name?

If they have your online banking password and user name, and they can get access to your account, they might be able to transfer money from your account to another account. Or, they might be able to use the money in your account to buy things, or pay bills. If you think someone got into your account, contact your bank.

What if I dont have money in my online banking account, but they say they just want to load the online account with some cash?

Who would 'load" your account with cash? It sounds as if they are trying to unload your account of it's cash. Please be careful!! Once they have your account information you give them control of the account!

Asked me to open several checking accounts online with debit cards.He puts money in to pay business partners. Also wants me to add 5 more lines to my cell account

This is real but it's 50/50 on everything but one thing for sure is all the money and phones touch your account and hands first it's on you if you be loyal and send the money or phones back. Trust me I know

And what company thus is cause I've been looking for a legitimate work from home job.

I have been scammed. Talk to what i thought was a lady on ig about making more more money. Talk to her for weeks and decided to trust her gave her my info and she used mobile transfer and put money into my account and immediately took it out. Now 3 days later my account is overdrawn and in the negative all because i trust her later back fired. I contact my bank and they is now going to investigation is there a possibility that i have to pay all of the money back knowing its not my doings??

Do you have to pay all of it back or just what you spent

Yes u do have to pay it back i know because the same thing happend to me and now im stuck with a closed bank account a 900 dollar overdraft fee and was told i can no longer bank with suntrust bank again and the kicker is i cant even open another bank account anywhere eles now because of it

Please what is the name of this woman ? Miss_williams ?

I know all about miss Williams she did that to me. I even know her first name

Are you talking about Sandra Williams or SandyHomemadeNatutals @ She just ripped my company off for $9,000 and I am stuck on what to do now

Tara Williams??

Margret was her name from SunTrust bank

Yep Mrs Williams screwed me also. Now I have to pay back over $1,000.00 to my acct. If I can't get it paid back in time they will close my acct and I can't open another checking account for 7 years.

Yes, you can get another bank account. Go on the internet and search for second chance bank accounts. Good luck. Don't trust anybody that wants your money.

What was her name

I just had the same thing happen to me. It turned out to be some African dude instead of the Ashley Owens I knew her as. My account is overdrawn by 1360. It sucks and my bank won't do anything about it because they suck

same thing just happened to me, but mine is over drawn by $8,000 and the bank is going after me when I do not have any of the money. I don't know what to do now.

Same here, have you found out anything else on what will happen because I'm so upset this fell all on me and the scanners walks free and the credit card holder wins too I need help finding answers. My bank is now overdrawn $9,000 which I seriously don't have

Hello I was wondering if by any chance her handle on ig was sunshine_star

I have two small kids too and struggling for money we also handed over 500 how do we get money back I'm very heart broken

There are different ways to try for a refund, depending on how you paid. If you sent money with a wire transfer, contact the wire transfer company and ask them to stop the transaction. Usually when you send money by wire transfer you can't get it back.

If you used your bank account, contact your bank. If you gave your credit card number, contact your credit card company. If you gave out any account numbers, even if you can't get the money back, you may need to change account numbers to protect your accounts. Talk with your bank and credit card company.

This article about money transfer services has more information.

Thanks you saved me from a similar scam. Was thinking what's the worse that could happen. Didn't know that banks take so long to identify false checks. Banks give scammers too much time to do the scamming. Should go back on bank to tell customers withdrawls are ok before actual clear

Also got scammed but I was clever enough not to send $350, there was this old lady she told me she was dying of cancer and I had given her my personal details and she made me her beneficiary because apparently she doesn't have kids. So I gave her all my details she gave me her banking details then the bank she used told me that the money was in my name $5 000 000 and I had to pay $350 to unblock the account
How true can this be?

I just got scammed out of nearly 700 for a personal loan of 5000.00 the guy was very rude and when I said I want my money back he said I need a lawyer and they will deduct money out of my account for the loan because the money is in my name and pending for me to pay another 300 for insurance purposes and they are not able to get it back they call themselves Money today and Money network talked to a Derek foster if that is his real name I'm hurt I don't know what to do about my bills and kids school clothes


Leave a Comment