Walmart (NYSE:WMT)
Walmart (NYSE:WMT) filed a motion on Monday to dismiss a complaint from the Federal Trade Commission that claimed the business had permitted con artists to utilize its money transfer services.
The retail behemoth described the FTC case as an outrageous example of agency overreach and drew attention to what it claimed were legally questionable statements regarding a minuscule portion of money transfers. WMT listed a number of legally dubious assertions in a 41-page document submitted to the Northern District of Illinois Eastern Division of the U.S. District Court, including that the agency lacked “constitutionally valid authority to sue for money or injunctive relief.”
Accusations by the FTC
The FTC claimed in its case that Walmart (NYSE:WMT) failed to adequately secure the money transfer services it provided at its shops for years, causing customers to lose hundreds of millions of dollars. The particular charges were that Walmart (NYSE:WMT) failed to properly train its staff, failed to warn customers, and employed policies that made it possible for fraudsters to withdraw money from its stores.
The FTC has requested that WMT be ordered to pay back money to customers and that civil fines be levied as part of a judicial remedy. the business. Walmart(NYSE:WMT), on the other hand, asserted that a variety of anti-fraud procedures, such as customer warnings and employee training, have been devised and put into place.
The FTC claimed in its lawsuit that WMT stole “hundreds of millions of dollars” from customers by failing to protect its money transfer services for years. According to the agency, Walmart failed to adequately train its staff, neglected to notify customers, and exploited policies that made it possible for fraudsters to make purchases at its locations. Walmart had been ordered to repay customer funds, and the FTC had sought the court to impose civil fines on the corporation.
Featured Image: Megapixl @Alexeynovikov
Author Jowi Kwasu 
