• Report: #1028497
Complaint Review:

Moneygram International

  • Submitted: Thu, March 14, 2013
  • Updated: Thu, March 14, 2013

  • Reported By: Richard — San Digego California U.S.A.
Moneygram International
2828 N Harwood St, Dallas, TX 75201 Internet United States of America

Moneygram International Moneygram helping to fuel the "silroad anonymous markestpalce, i site where you can get ANY drug imaginable Internet

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hello, I don't know if there is any actual fraud going on here, but something just isn't right about what Moneygram is doing. i just wanted to let you folks know that people are buying and selling whats called "BITCOIN" using moneygram phones. it is a digital currency that is used to buy and sell illegal drugs on the "Silkroad anonymous marketplace. although it is not illegal to buy "bitcoin", YET,

95% of bitcoin is used to purchase Drugs on the largest underground drug site in the world. there is info posted below showing Moneygram, bitinstant, and zipzap are teamed up to make this happen. in my opinion it is borderline CRIMINAL if not criminal all together. I'm just cautioning you on what "BITCOINS" are used for. only one person i have contacted to date has ever even heard about the silkroad.

THIS IS A VIDEO ON HOW THE SCHEME WORKS. and there is NO way that Moneygram is not aware of this. it's a three stage procces desingned to throw people off. this is how moneygram and western union make there REAL money...!. [continued below]....

http://blog.bitinstant.com/blog/2012/7/5/bitinstant-tutorial-video-by-ladybytes.htmlHey there

YOU'VE "created a new culture Hugh"...? and nothing "ANGERS" you more than fraudulent activity Hugh...? your not fooling anyone. you and your partners are now helping fuel the "SILKROAD ANYONOMOUS MARKET PLACE" congratulations..! a virtual smorgasbord of illegal drugs you can buy only with "bitcoin" courtesy of bitinstant.com and your partner ZIPZAP that exchanges USD. to bitcoin for use on the silk-road. and it's all processed through your little red phones. is this part of your "VARP" program...? BITINSTANT AND ZIPZAP...?

Black Market: Anonymous Online Market Place Silk Road Rakes Nearly $ 2 Million Per Month Selling Drugs.

here is a video on how you've done it. http://blog.bitinstant.com/blog/2012/7/5/bitinstant-tutorial-video-by-ladybytes.html

and here is a look at the silkroad, witch thanks to your service is thriving.


a local news cast out od central pennsylvania


a report from the BBB, says there not even an accredited biuesness, even after 70 years. and the the BBB gives them the PROUD SCORE OF "D" (as if a score of "D" wasn't low enough") ALSO THERE IS A NOTICE ON THE BBB SITE in red letters sating " there is an alert for this buiesness". your all d**n lucky your not all in jail.!!!!

MoneyGram International.com

Additional Email Addresses patsley@moneygram.com mgosupport@moneygram.com cwarner@moneygram.com jsnyder@moneygram.com privacyprogramoffice@moneygram.com. spanos@moneygram.com media@moneygram.com ir@moneygram.com crebuffoni@moneygram.com tgallaher@moneygram.com LOBriant@moneygram.com

Article by: JENNIFER BJORHUS , Star Tribune

part of the story is below,

you can read the full story on this link to Jennifer Bjorhus Article.


Tens of thousands lost money in swindles, federal prosecutors say. Money-Gram International Inc. will pay $100 million as part of a government settlement in which the company admitted to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money-laundering program.

The consumer swindles that Money Gram was involved in defrauded "tens of thousands of victims" across the United States via telephone, mail and Internet between 2004 and 2009, according to federal prosecutors who announced the settlement Friday. The U.S. Department of Justice will be returning the $100 million to victims over the next three months.

Money Gram, the world 's second-largest money transfer company, was founded in Minnesota but shifted its headquarters from St. Louis Park to Dallas in 2011. The company 's chairman and CEO during the period, Philip W. Milne, stepped down in 2008 following record losses from investments the company made.

Money-Gram still employs about 700 people in Minnesota, with operations in St. Louis Park and Brooklyn Center. There are dozens of Money-Gram agent locations statewide, some in Walmart stores. "MoneyGram 's broken corporate culture led the company to privilege profits over everything else," Assistant Attorney General Lanny Breuer said in the government 's news release. "MoneyGram knowingly turned a blind eye to scam artists and money launderers who used the company to perpetrate fraudulent schemes targeting the elderly and other vulnerable victims." A two-count criminal information was filed Friday in U.S. District Court for the Middle District of Pennsylvania. As part of the deal, MoneyGram agreed to a five-year deferred prosecution agreement in which the government will dismiss the charges if the company complies with all its obligations during that time.

In 2010 MoneyGram agreed to pay $80 million to settle claims that it defrauded investors by allegedly hiding its exposure to the subprime mortgage crisis.

In 2009, it paid $18 million to settle allegations by the Federal Trade Commission that it allowed its money transfer system to be used by fraudulent telemarketers in Canada who allegedly bilked U.S. consumers out of more than $80 million from 2004 to 2008. MoneyGram would not provide a company official to discuss the latest settlement.

In a conference call Friday with industry analysts, MoneyGram 's current CEO, Pamela Patsley, said the company was cooperating with the government and has invested more than $84 million in a revamped compliance program. "We take compliance extremely seriously at MoneyGram and nothing angers us more than when people attempt to use our service to engage in illegal activities," Patsley said during the call. "Since 2009 we have created a new culture at the company."

this is an excerpt from the


Money Gram customers filed more than 60,000 complaints with the company from 2004 to 2009 involving losses of more than $128 million, according to court documents. The vast majority of the complaints were about losing money through such schemes. According to court documents, shows the company continued to reward MoneyGram agent James Ugoh in Toronto despite a pileup of consumer fraud reports involving.

By 2008, when it permitted Ugoh to open his 11th Money Spot, customers had filed more than 1,000 complaints involving his outlets. In another instance, MoneyGram executives at the senior and executive vice president level attended a meeting in April 2007 where the company 's fraud department recommended closing 32 specific Canadian outlets considered to be "the worst of the worst." The executives ultimately rejected the advice.

Chairman and Chief Executive Officer

Pam Patsley joined MoneyGram International in January 2009 as executive chairman of MoneyGram 's board of directors and assumed the additional role of chief executive officer in September 2009. Patsley is an experienced executive in the financial services industry. After leaving KPMG in 1985, she was chief financial officer of First USA, Inc. and then became president and chief executive officer of Paymentech, Inc. until it was acquired by First Data Corporation in 1999. She then led First Data 's global expansion, serving as president of First Data International until October 2007. Patsley currently sits on the boards of two other public companies: Texas Instruments (NYSE: TXN) and Dr Pepper Snapple Group, Inc. (NYSE: DPS). From 1996 to 2009, she served on the board of Molson Coors Brewing Company and its predecessor.

Juan Agualimpia Executive Vice President and Chief Marketing and Product Officer

Juan Agualimpia joined MoneyGram International in March 2010 to lead MoneyGram 's global branding and marketing strategy, including product management, advertising and integrated marketing. He brings to MoneyGram 20 years of leadership experience in marketing, brand management, customer relationship management and product development. Most recently, he spent five years with Newell Rubbermaid where he was vice president and general manager for the Art & Coloring Global Business Unit. His tenure with global consumer companies includes roles managing brands such as Listerine, Lubriderm, Schick, Trident, Halls, Clorox, Lysol, Woolite and Sharpie. Agualimpia holds a master 's of Business Administration in marketing and finance from F.W. Olin Graduate School of Business at Babson College and a bachelor 's in Business Administration from Universidad ICESI in Cali, Colombia.

F. Aaron Henry Executive Vice President, General Counsel and Corporate Secretary

Aaron Henry was named executive vice president, general counsel and corporate secretary for MoneyGram in August 2012. His in-depth industry experience, knowledge of MoneyGram and intimate dealings with regulatory and compliance issues are integral to Henry 's leadership of MoneyGram 's broad legal and compliance initiatives. Henry joined MoneyGram in 2010 as senior vice president, assistant general counsel, global regulatory and privacy officer. Prior to MoneyGram, he acquired deep industry knowledge during his 12 years of legal experience in the global money transfer industry with Western Union. At Western Union, Henry served as assistant general counsel and provided counsel on money transfer, money order, prepaid and stored value offerings, Internet money transfer, new products and marketing for the Americas business. In addition, he provided legal counsel worldwide for data protection, privacy and information security issues. During these roles, Henry worked in offices in France, Ireland and Colorado. Previously, he provided counsel at law firms in New Jersey and Denver. Henry holds a J.D. from The George Washington University Law School.

W. Alexander Holmes Executive Vice President and Chief Financial Officer

Alex Holmes was named Executive Vice President and Chief Financial Officer in March 2012. He is responsible for oversight of all finance-related functions, close collaboration with the companys business unit leaders, and the continued development and expansion of MoneyGrams involvement with the investor community. Holmes joined MoneyGram International in 2009 as Senior Vice President for Corporate Strategy and Investor Relations. In this role, he directed MoneyGrams business development, investor relations and strategic partnership activities. Having spent nine years at First Data Corporation and Western Union, Holmes has an extensive background in global financial services with in-depth experience in the money transfer and payments industries. While at First Data Corporation, Holmes held a variety of positions including chief of staff to the CEO, head of investor relations and senior vice president of global sourcing & strategic initiatives. From 2002 2004, he managed Western Unions Benelux region from its offices in Amsterdam. Holmes began his career at the University of Colorados system administration office where he led a number of ERP implementation projects. He is a graduate of the University of Colorado having earned a Bachelor of Science in Business Administration and Accounting and a Master of Science in Information Technology.

Steven Piano

Executive Vice President, Human Resources

Steve Piano joined MoneyGram in September 2009. He is responsible for all activities related to attracting, developing, motivating and retaining our diverse worldwide work force. He brings to MoneyGram more than 20 years of global human resources experience, most recently from National Grid, a multi-national utility company in Brooklyn, N.Y., where he served as the global lead partner responsible for all human resources activities for the global gas distribution, electricity generation and distribution businesses. Prior to that, he spent several years at First Data Corporation, a global electronic payment processing company with 28,000 employees worldwide, most recently as senior vice president of human resources for their International segment. Piano earned his bachelor 's of Business Administration from the Hofstra University School of Business in Long Island, N.Y.

Carl-Olav Scheible

Executive Vice President, Europe, Africa and Emerging Channels Carl-Olav Scheible joined MoneyGram in April 2012 as executive vice president, Europe, Africa and Emerging Channels. In this new position, he leads MoneyGrams growth in Europe and Africa and also has global responsibility for expanding the companys online opportunities and the formation of strategic global partnerships. Scheible is a seasoned professional with over 20 years of leadership experience in technology, financial services and payments businesses, with most of that time spent in European markets. For the last eight years, he has held a variety of leadership positions at PayPal, most recently serving as Managing Director for the UK & Ireland. Prior to this, Scheible was involved in a number of Internet and technology start-ups and started his career with the Boston Consulting Group and American Express. Scheible earned a bachelors degree in Political Science and International Relations from Michigan State University and a masters of Business Administration from Columbia Business School.

J. Lucas Wimer

Executive Vice President, Global Operations

Luke Wimer joined MoneyGram International in April 2010 to lead the global operations and technology teams, including consumer and agent service delivery, all call center operations, and development efforts for core products and the company 's enterprise systems. Wimer built his career over 10 years at IBM Business Consulting Services, formerly Pricewaterhouse Coopers, where he provided management consulting, global project and practice leadership in performance measurement, cost reduction, merger integration and restructuring to the financial services industry. He went on to lead infrastructure development for Capital One and most recently he was a principal at THL Partners, where he had responsibility for business transformation programs across the THL portfolio. Wimer holds a master 's degree in Business Administration from the Anderson School at UCLA and a bachelor 's degree in Economics from Connecticut College.

Inchttp://www.fool.com/quote/nyse/money gram-international-inc/mgi/key-executives

This report was posted on Ripoff Report on 03/14/2013 05:37 AM and is a permanent record located here: http://www.ripoffreport.com/reports/moneygram-international/internet/moneygram-international-moneygram-helping-to-fuel-the-silroad-anonymous-markestpalce-i-1028497. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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