MONTPELIER — Vermont will receive $1.3 million as part of a multistate settlement with Cash App over allegations that the popular currency transfer platform failed to protect its users from fraud and misled them about the platform’s safety.
Charity Clark, Vermont attorney general, announced the settlement with Cash App’s parent company, Block, on Wednesday. She said it was the culmination of a yearslong investigation by her office and attorneys general in other states. In all, Block will pay 46 states a total of $45 million.
The company knew that fraud had been rising on its platform for years, Clark said. Block could have taken more steps to curb it, she said, but instead rolled out promotions to hype its services that exposed users to…
Be skeptical of “Work from Home” offers that require you to receive money into your personal account and transfer it elsewhere, as this makes you a “Money Mule” in a money-laundering operation.