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Pennsylvania Department of Banking and Securities officials are handling claims against a Bristol Township money order company.
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Claims can be filed against Diamond Money Order Company LLC, which was located at 4034 Veterans Highway Suite C in Bristol Township’s Levittown section.
In February, state officials issued a cease-and-desist order against Diamond Money Order Company, which was a Pennsylvania-licensed money transmitter, and its owners Han-Young Huang and Michael Blicharski.
The order was issued after the department discovered the money order business “violated several provisions of the Money Transmitter Act and has been unable to fund any money orders since late January,” officials said.
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“Diamond and its owners were ordered to immediately cease all money transmitter activities and their transmitter license was revoked,” a statement said.
Earlier this year before the issue became public, state officials had reported at least 27 consumer complaints.
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In late January, Diamond Money Order Company reported that it was out of money and could not fund more than $200,000 in money orders.
The Pennsylvania Department of Banking and Securities has told the public it was working to recover funds to those who lost money.
Claims have begun to be processed by the state.
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As part of the state’s efforts to find consumers who were impacted, a mailer will be going out via the U.S. Postal Service this month to homes located within two miles of the business to advise them.
The Bucks County Department of Consumer Protection was advised the state will be sending the mailers.
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The Pennsylvania Department of Banking and Securities issued the below information on making a claim:
Claim information: The Department will work to recover funds for those who hold a money order issued by Diamond under Diamond’s money transmitter surety bond. (NOTE: In order to make a claim for the recovery of funds, claimants must have a copy of the money order that was returned by the bank/business or a copy of the uncashed money order.) The holder of the claim may be the person who originally purchased it or may be the recipient of the money order that was used by the consumer as a payment. Claims can be filed by individuals, or by the companies that received money orders as payments from multiple individuals.
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How to Make a Claim: The Department is urging those who hold a money order issued by Diamond to file a complaint with the department online. A complaint can also be filed by calling the Consumer Services Office at 1-800-PA-BANKS (1-800-722-2657). It is critical that claimants have a copy of the money order available and in hand prior to attempting to make a claim. Individuals who have already contacted the department and filed a complaint online do not need to submit another complaint. If additional information or documentation is needed, a representative from the Consumer Services Office will contact claimants through the contact information provided.
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