This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Former NYPD Detective Harry Houck To Serve As MoneyGram Anti-Fraud Spokesperson

Stocks in this article: MGI

MoneyGram (NYSE: MGI), a leading global money transfer company, today announced it has retained noted former New York City Police Department Detective Harry Houck as a spokesperson for the company’s ongoing anti-fraud efforts. In this role, Houck will work with MoneyGram and its anti-fraud consumer awareness programs to alert consumers about common scams and how to protect them from being victimized by fraudsters.

“At MoneyGram, we have zero tolerance for people who use money transfer services for illegal activities and deliberately defraud and harm consumers,” said Pamela H. Patsley, MoneyGram chairman and chief executive officer. “We’ve taken numerous steps to enhance our global anti-fraud programs, including investing in our consumer anti-fraud education program. Harry’s experience in law enforcement reinforces MoneyGram’s leadership position in fighting fraud and will be a tremendous asset to us as we help educate consumers in ways to protect themselves from becoming victims of scams."

During his more than 20 years with the NYPD, Houck – a former Marine Sergeant and Vietnam veteran – tested and implemented anti-fraud and investigative strategies and techniques with merchants, which resulted in hundreds of arrests and significantly reduced credit card fraud. Houck was recognized as one of the country’s leading experts and authorities on high-tech crimes upon his retirement as a Detective 1 st Grade in 2002. Recently, Houck developed an innovative investigative process for a major financial network that identifies patterns of customer behavior, which significantly reduced identify theft and prevented consumer loss.

“Once a consumer gives their money to criminals, there is no way to get it back,” said Houck, who often presents his identify theft investigation techniques at law enforcement agencies nationwide, including the internationally renowned NYPD criminal investigation course. “MoneyGram is committed to educating consumers about fraud and scams so that they do not become victims. The best way to stop fraudsters is to educate consumers on how scammers operate and what to be on the lookout for.”

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs