MoneyGram International Inc., a provider of cash transfers worldwide, agreed to forfeit $100 million to resolve U.S. charges that some of its agents defrauded customers, Bloomberg News reported on Friday. The forfeiture is part of a deferred-prosecution agreement between the Dallas-based company and the U.S. Attorney’s Office in Harrisburg, Pa. Prosecutors will withdraw criminal charges if MoneyGram complies with the agreement for five years, according to papers filed in federal court. The settlement stems from an investigation from 2003 to 2009 into transactions involving MoneyGram’s U.S. and Canadian agents, as well as its fraud-complaint data and consumer anti- fraud program.
