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ProPublica
ProPublica
@ProPublica@newsie.social  ·  activity timestamp 2 days ago

Walmart has long been a facilitator of fraud on a mass scale, a ProPublica investigation found.

More than $1 billion in fraud losses were routed through the company’s financial services between 2013 and 2022.

(Published Jan. 2024)
https://www.propublica.org/article/walmart-financial-services-became-fraud-magnet-gift-cards-money-laundering?utm_source=bluesky&utm_medium=social&utm_campaign=propublica-bsky

#Walmart #Fraud #Scam #MoneyLaundering #Business #Crime #News

ProPublica

How Walmart’s Financial Services Became a Fraud Magnet

Scammers have duped consumers out of more than $1 billion by exploiting Walmart’s lax security. The company has resisted taking responsibility while breaking promises to regulators and skimping on training.
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