Affected Consumers Can File a Complaint With the Department Online
Harrisburg, PA - On January 31, 2023, the Pennsylvania Department of Banking and Securities issued an Order to Cease and Desist against Diamond Money Order Company, LLC, a Pennsylvania-licensed money transmitter located in Levittown, Pennsylvania, and its owners, Han-Young Huang and Michael Blicharski.
The department found that Diamond and its owners have engaged in conduct in violation of the Money Transmitter Act, and they have been ordered to immediately cease and desist from all money transmitter activities. Diamond’s money transmitter license has also been revoked.
Diamond has sold money orders to numerous individuals without the money to fund them, making the money orders valueless upon deposit. The department urges any recipient of a money order from Diamond, or a “DMC Money Order”, which was provided as payment of rent, a utility bill, or otherwise, that is not being honored by the bank, to recognize that the consumer who purchased the money order is not at fault and has, in good faith, attempted to make requisite payments.
The department is urging any consumers who have purchased or are holding a money order from Diamond, or a “DMC Money Order”, that is not being honored to file a complaint with the department online.
If you have questions on how to file a complaint, contact the Consumer Services Office at 1-800-PA-BANKS (1-800-722-2657).
Read the full Cease and Desist Order.
MEDIA CONTACT: Madeline Williams - 717.214.6036, DoBSComm@PA.gov
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