Awww...are ILLEGALS and druggies NOT going to be able to collect their ill gotten money?
Question:
The Denver Business Journal - 11:26 AM MDT Friday
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Western Union said Friday that it hoped to delay an effort by Arizona officials to seize certain money transfers to Mexico as part of the state's investigation into illegal immigration and drug smuggling.
Western Union, which will be spun off from Greenwood Village-based First Data Corp. (NYSE: FDC) on Sept. 29, said in a filing with the Securities and Exchange Commission that it was seeking a stay of a seizure warrant granted to the Arizona attorney general's office on Sept. 21.
The warrant allows authorities to seize person-to-person money transfers originating in Arizona and 28 other states that are intended for recipients in 26 locations in the Mexican state of Sonora. It would require Western Union to pay the funds into a designated detention account instead of transferring them to the intended recipients.
Western Union on Wednesday asked a federal court to issue a temporary restraining order against the seizure plan.
"Although the issuance of the warrant, whether or not sustained, may adversely affect the volume of money transfers, Western Union does not believe the ultimate impact on the company will be material," the company said in a statement.
First Data stock has faced a headwind in recent months, as the national political debate over illegal immigration has hurt its Western Union money transfer business. First Data's chief executive officer, Ric Duques, told analysts in July that money-transfer business was down in the second quarter of the year as Mexican immigrants became reluctant to wire money home for fear of attracting the attention of authorities, or because they wanted to hold onto cash in case they were arrested.
Answer:
I love Arizona, I really love it here.Great article and I will not boo hoo for big business.
LOL wouldn't THAT throw a monkey wrench in the works! LOLOL
Awwwww.the constitution doesn't matter anymore....
boohoohoo for criminal law breakers.
and if our government has anything to do with it the illegals & druggies will win!
Hey, they gotta start somewhere, sounds good to me. I won't lose any sleep over them not getting the money.
good idea, time something positive happened.
Keep US Dollars In The US Economy
America First
Poor little criminals...LMAO
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