The APP of Zhitong Finance learned that the Federal Trade Commission (FTC) sued on Tuesday local time.$Walmart Inc (WMT.US) $, claiming that it failed to stop the remittance fraud, asked the court to impose civil penalties on Walmart Inc and ordered Walmart Inc to return the money to customers, while Walmart Inc said he would defend the anti-fraud work after FTC filed a lawsuit.

The agency claimed that Walmart Inc allowed his money transfer service to be hijacked by fraudsters who in turn took advantage of consumers. The lawsuit alleges that Walmart Inc's employees were not properly trained to warn customers and that executives turned a blind eye to popular scams, including impersonating IRS employees and lottery fraud.

"when fraudsters absconded with money using Walmart Inc's money transfer service, Walmart Inc turned a blind eye and earned millions of dollars from it," said Samuel Levine, director of the consumer protection bureau of FTC. " "consumers lost hundreds of millions of dollars, and FTC held Walmart Inc responsible because it allowed fraudsters to deceive consumers."

The FTC pointed out that its lawsuit against Walmart Inc was similar to previous lawsuits against money transfer services such as MoneyGram and Western Union. The latter paid a fine of $586 million in March to settle a similar case.

Walmart Inc received or sent $197 million in fraud complaints between 2013 and 2018, "of which more than $1.3 billion in related payments may also be related to fraud," according to the Federal Trade Commission. "

Walmart Inc firmly denied the allegations, saying the FTC lawsuit was "flawed in fact and has no legal basis".