Sepp Straka won The American Express and its $1,584,000 first-place prize. Here’s a look at how the $8.8 million prize money was distributed at the PGA West Stadium Course in La Quinta, California:
The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its wire services.
The win earned the 31-year-old Straka his first title since the 2023 John Deere Classic and the $1,584,000 first-place check, the largest of his career.
Sepp Straka won The American Express by two shots over Justin Thomas on Sunday, finishing his third career PGA Tour victory at 25-under 263 with a final-round 70. Straka, the first Austrian to win on the tour three years ago,
Under a nonprosecution agreement the company is to pay a $77.6 million fine and forfeit $60.7 million for the revenue that could have been owed from its Payroll Rewards and Premium Wire programs.
American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.
The Justice Department said the company misrepresented its credit card rewards and fees and made false claims about the tax benefits of its wire transfer products.
Charley Hoffman and Rico Hoey both shot a 9-under 63 on the Nicklaus Tournament Course to share the lead Friday after two rounds at The American Express.
Sepp Straka was brilliant en route to a win at the American Express, but a loose shot and unlucky lie cost him a shot at PGA Tour history.
Straka’s round at La Quinta in many ways was the reverse of what might have been expected. Playing the back nine first, Straka made six birdies on the way to a 30, the kind of score generally associated with the front nine at the course that opened in 1959.
American Express pays $108 million to settle deceptive marketing charges. The Vanguard Group pays $106 million to settle charges related to misleading statements.