Restoration of Money Order Funds Planned
A court-appointed receiver will begin trying to restore money to hundreds of customers of United Express Money Order Co. of Long Beach, a firm that the state shut down this week after finding that it lacked funds to pay for money orders its agents had issued.
Judy Hartley, senior counsel for the Department of Corporations, said Friday that the receiver, Joseph Avila, would be trying to recover money from the 12 United Express agents who allegedly were not passing along to the company the proceeds of the orders they issued. Hartley said the shortfall was about $790,000.
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