Latest news with #ManishShah
Business Times
14 hours ago
- Business
- Business Times
Walmart to pay US$10 million to settle US FTC lawsuit over money transfer fraud
[NEW YORK] Walmart has agreed to pay US$10 million to settle a US Federal Trade Commission (FTC) civil lawsuit accusing the world's largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of US dollars. The settlement was filed on Friday (Jun 20) in Chicago federal court, and requires approval by US District judge Manish Shah. Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud. 'Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it's sent, it's gone for good,' said Christopher Mufarrige, director of the FTC's consumer protection bureau. 'Companies that provide these services must train their employees to comply with the law and work to protect consumers.' The Bentonville, Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart said that it was pleased to settle and shared the FTC's goal of protecting consumers from fraudsters, including from fraud-induced money transfers. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores. Walmart acts as an agent for money transfers by companies such as MoneyGram, Ria and Western Union. Money can be hard to trace once delivered. The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings. Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday's settlement would end the appeal. REUTERS
NBC News
17 hours ago
- Business
- NBC News
Walmart to pay $10 million to settle lawsuit over money transfer fraud
Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world's largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars. The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah. Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud. 'Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it's sent, it's gone for good,' said Christopher Mufarrige, director of the FTC consumer protection bureau. 'Companies that provide these services must train their employees to comply with the law and work to protect consumers.' The Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment. In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores. Walmart acts as an agent for money transfers by companies such as MoneyGram and Western Union. Money can be hard to trace once delivered. The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings. Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday's settlement would end the appeal.
USA Today
18 hours ago
- Business
- USA Today
Walmart to pay $10 million to settle FTC fraud lawsuit over money transfers
Walmart WMT.N has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world's largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars. The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah. Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud. "Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it's sent, it's gone for good," said Christopher Mufarrige, director of the FTC consumer protection bureau. "Companies that provide these services must train their employees to comply with the law and work to protect consumers." Average worker pay: Walmart reveals its highest paying job, excluding managers The Bentonville, Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment. In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores. Walmart acts as an agent for money transfers by companies such as MoneyGram, Ria EEFT.O and Western Union WU.N. Money can be hard to trace once delivered. The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings. Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday's settlement would end the appeal. The case is Federal Trade Commission v Walmart Inc, U.S. District Court, Northern District of Illinois, No. 22-03372. Reporting by Jonathan Stempel in New York; Editing by Marguerita Choy
Business Standard
12-06-2025
- Entertainment
- Business Standard
Pride@Godrej 2025: Beyond Symbolism, Empowering LGBTQIA+ Voices and Businesses
PRNewswire Mumbai (Maharashtra) [India], June 12: This year, Pride@Godrej builds on a decade-long project of cultural inclusion within the Godrej Industries Group, to create a meaningful platform for authentic queer storytelling, entrepreneurial spirit and artistic expression. The Group recently hosted a vibrant Pride March at its headquarters, Godrej One, led by Manish Shah, Managing Director of Godrej Capital, and joined by senior leaders across the organization. This march was a powerful demonstration of solidarity with the LGBTQIA+ community, including Godrej's queer employees in India and globally, alongside their allies. A key highlight of Pride@Godrej 2025 was the launch of Queer Directions--a pioneering publishing imprint in collaboration with Westland Books, dedicated to amplifying queer voices and narratives. The event began with the Pitch Bazaar, where over a dozen unpublished queer writers connected with publishers and media professionals. In parallel, a Queer Bazaar showcased products from queer-owned small businesses, fostering visibility and economic opportunities. The celebration culminated in a delightful performance of Jhumkewali, a play supported by Godrej Properties Limited, which explores themes of lesbian first love and self-discovery set in the 1970s. Performed in multiple Indian languages, the play embodied the event's inclusive ethos, celebrating the intersection of queerness with India's linguistic and cultural diversity. This day-long celebration seamlessly blended culture, conversation, and community through thoughtfully curated experiences. "What excites me most about this celebration is how we moved beyond just rainbow flags to create real opportunities," said Parmesh Shahani, Head of the Godrej DEI Lab and author of Queeristan. "When queer writers feel confident enough to pitch their stories to industry professionals, when small queer businesses get a platform to showcase their work, that's when you know inclusion is working. We are not just talking about diversity; we are actively creating pathways for queer voices to thrive." "The launch of Queer Directions represents our belief that great stories deserve great platforms," said Karthika V.K., Publisher at Westland Books. "This isn't just about publishing--it's about ensuring that authentic queer narratives find their rightful place in Indian literature and reach readers who need to see themselves reflected in books." Throughout June, the Group companies will engage in a series of impactful Pride-focused initiatives, moving beyond symbolic gestures to drive meaningful change. Godrej Properties is celebrating Pride Month across its zones with Pride marches, storytelling sessions, inclusive workshops, and creative activities such as art contests and wall painting. Godrej Capital is fostering inclusion through events at Pride@Godrej One, including Nukkad Nataks, allyship panels, LGBTQIA+ hiring drives, and wellness programs. Godrej Consumer Products is leading QueeRising 2025, a global campaign celebrating queer identity through conversations, connections, and inspiring change. Godrej Chemicals is championing Pride Month with awareness campaigns and LGBT+ sensitization workshops, while Godrej Agrovet Limited is organizing employee workshops focused on workplace allyship. This year too, a Pride flag and other queer-affirming signage have sparked meaningful conversations among employees and visitors alike, reflecting the organization's evolving commitment to visibility, dialogue, and genuine inclusion. About the Godrej DEi Lab The Godrej DEI Lab empowers inclusion ecosystems both within and outside the Godrej Industries Group. About Godrej Industries Group Godrej Industries Ltd. is the holding company of the Godrej Industries Group (GIG). We are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries. About Westland Books Westland Books is an award-winning Indian publisher with a diverse and exciting range of books from popular and literary fiction to business, politics, biography, spirituality, popular science, health and self-help. Its key publishing imprints include Context, Ekada, Tranquebar, Westland Sport, Westland Business, IndiePress, IF and Red Panda.
Malaysian Reserve
12-06-2025
- Entertainment
- Malaysian Reserve
Pride@Godrej 2025: Beyond Symbolism, Empowering LGBTQIA+ Voices and Businesses
MUMBAI, India, June 12, 2025 /PRNewswire/ — This year, Pride@Godrej builds on a decade-long project of cultural inclusion within the Godrej Industries Group, to create a meaningful platform for authentic queer storytelling, entrepreneurial spirit and artistic expression. The Group recently hosted a vibrant Pride March at its headquarters, Godrej One, led by Manish Shah, Managing Director of Godrej Capital, and joined by senior leaders across the organization. This march was a powerful demonstration of solidarity with the LGBTQIA+ community, including Godrej's queer employees in India and globally, alongside their allies. A key highlight of Pride@Godrej 2025 was the launch of Queer Directions—a pioneering publishing imprint in collaboration with Westland Books, dedicated to amplifying queer voices and narratives. The event began with the Pitch Bazaar, where over a dozen unpublished queer writers connected with publishers and media professionals. In parallel, a Queer Bazaar showcased products from queer-owned small businesses, fostering visibility and economic opportunities. The celebration culminated in a delightful performance of Jhumkewali, a play supported by Godrej Properties Limited, which explores themes of lesbian first love and self-discovery set in the 1970s. Performed in multiple Indian languages, the play embodied the event's inclusive ethos, celebrating the intersection of queerness with India's linguistic and cultural diversity. This day-long celebration seamlessly blended culture, conversation, and community through thoughtfully curated experiences. 'What excites me most about this celebration is how we moved beyond just rainbow flags to create real opportunities,' said Parmesh Shahani, Head of the Godrej DEI Lab and author of Queeristan. 'When queer writers feel confident enough to pitch their stories to industry professionals, when small queer businesses get a platform to showcase their work, that's when you know inclusion is working. We are not just talking about diversity; we are actively creating pathways for queer voices to thrive.' 'The launch of Queer Directions represents our belief that great stories deserve great platforms,' said Karthika V.K., Publisher at Westland Books. 'This isn't just about publishing—it's about ensuring that authentic queer narratives find their rightful place in Indian literature and reach readers who need to see themselves reflected in books.' Throughout June, the Group companies will engage in a series of impactful Pride-focused initiatives, moving beyond symbolic gestures to drive meaningful change. Godrej Properties is celebrating Pride Month across its zones with Pride marches, storytelling sessions, inclusive workshops, and creative activities such as art contests and wall painting. Godrej Capital is fostering inclusion through events at Pride@Godrej One, including Nukkad Nataks, allyship panels, LGBTQIA+ hiring drives, and wellness programs. Godrej Consumer Products is leading QueeRising 2025, a global campaign celebrating queer identity through conversations, connections, and inspiring change. Godrej Chemicals is championing Pride Month with awareness campaigns and LGBT+ sensitization workshops, while Godrej Agrovet Limited is organizing employee workshops focused on workplace allyship. This year too, a Pride flag and other queer-affirming signage have sparked meaningful conversations among employees and visitors alike, reflecting the organization's evolving commitment to visibility, dialogue, and genuine inclusion. About the Godrej DEi Lab The Godrej DEI Lab empowers inclusion ecosystems both within and outside the Godrej Industries Group. About Godrej Industries Group Godrej Industries Ltd. is the holding company of the Godrej Industries Group (GIG). We are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries. About Westland Books Westland Books is an award-winning Indian publisher with a diverse and exciting range of books from popular and literary fiction to business, politics, biography, spirituality, popular science, health and self-help. Its key publishing imprints include Context, Ekadā, Tranquebar, Westland Sport, Westland Business, IndiePress, IF and Red Panda. Photo:
