How Walmart’s Financial Services Became a Fraud Magnet
Channel: ProPublica
Date: 2024-03-20

Customers were duped out of more than $1 billion because of holes in Walmart’s financial systems, through schemes involving money transfers and gift cards. You can become a victim even if you never even speak to a scammer.

Read our full investigation to understand how the scams work: https://propub.li/3Vj74Lw 

// Timestamps //
0:00 - The scammers are out here
0:15 - How-to: The Walmart scheme
1:14 - History of facilitating mass fraud
2:00 - Walmart resists cracking down
2:39 - Walmart’s defense
3:17 - Latest scheme: Card draining

-
ProPublica is an independent, nonprofit newsroom that produces investigative journalism with moral force.

+ Sign up for our weekly newsletter: http://propub.li/2oyN8DY 
+ Follow us on X/Twitter: https://twitter.com/propublica
+ Follow us on Instagram: https://www.instagram.com/propublica/
+ Follow us on TikTok: https://www.tiktok.com/@propublica
+ Follow us on Facebook: https://www.facebook.com/propublica  
+ Follow us on Threads: https://www.threads.net/@propublica
+ Follow us on Mastodon: https://newsie.social/@ProPublica
+ Follow us on Bluesky: https://bsky.app/profile/propublica.bsky.social
+ Follow us on Post News: https://post.news/@/propublica