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  • Report:  #831

Complaint Review: Travelers Express Inc. of Minneapolis - Minneapolis Minnesota & Nationwide

Reported By:
- Tempe, Arizona,
Submitted:
Sun, October 10, 1999
Updated:
Sun, October 10, 1999

Travelers Express Inc. of Minneapolis
Minneapolis, Minnesota & Nationwide, U.S.A.
Web:
N/A
Categories:
Banks

Subj: Continuing Fraud

Date: 10/7/99 2:42:07 PM US Mountain Standard Time

I have encountered directly a nationwide scandal involving

Travelers Express Inc. of Minneapolis. They are the nation's

largest seller of money orders and they have worked out at least

one curious scheme for ripping-off their customers for up to $500

each occasion. This one happens when you need to place a stop pay

on a lost or stolen m/o.

The company will instruct you to rush request w/ additional fee.

They will next tell you that in your case they did not initiate a

stop-pay.(They are Lying to you about that, They did immediately

order a stop).

Next they will tell you that someone has cashed your money order and

that they have payed it. (FACT: SOMEONE HAS ATTEMPTED TO CASH YOUR

MONEY ORDER BUT THE FOLKS AT TRAVELERS EXPRESS HAVE DEFERENTT PLANS

FOR WHAT TO DO WITH YOUR MONEY AND THEY WON'T BE PAYING IT TO ANY

OTHER THIEVES).

This company will next provide you with a "Photocopy" of the m/o.

They will try to make you believe that this is the way this giant

cor-poration keeps records of money that they pay out. The

photocopy will of course prove untraceable (since no one has been

payed anything)and your police detective will find the money order

to be useless.

The detective should recognize the scheme at that point but, for

some reason, they don't.

The folks at Travelers Express will attempt to convince you that

you have been riped off by some clever thief who managed to leave no

traceable evidence. They want you to believe that they never heard

of computerized records or of electronic transfer of funds, just

poor quality "Photocopies".

Whether you buy any of this or not, the nice folks at Travelers

Express will, at this point, put your money in their own pockets.

The money orders are sold in amounts up to $500 and they recently

got me for almost that amount.

I understand that many, many hundreds of complaints similar to my

own have been filed with the Better Business Bureau and The Federal

Trade Commission. These agencies, for their own reasons, will

pretend ignorance of any problem and will do nothing, treating each

complaintas though it was the very first.

This company gambles that each of their victims will, at some point,

give up in frustration. That will prove a mistake in my case.

Dave Goggin

[email protected]

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