Connect with us

Eugene

Oregon Division of Financial Regulation ordered Sigue Corp to cease engaging in money transmission activities in Oregon as the company can no longer responsibly serve customers due to its declining financial position

Published

1 year ago

on

Eugene, OR – According to the state officials, Sigue is a state-regulated money transmission company licensed in Oregon and 48 other states.

Over the past several months, Sigue experienced significant financial deterioration.

The company failed to complete multiple money orders and transmissions and to maintain adequate net worth and permissible investments to cover outstanding liabilities, which are violations of state money transmission law.

Many customers are still waiting for their funds.

Sigue maintained a surety bond with Liberty Mutual that will cover all of Sigue’s unpaid or otherwise outstanding transactions in Oregon.

Related Topics:

You may also like…

Crime & Safety10 hours ago

Woman who cIaimed seIf-defense after kiIIing the father of her chiId, when she foIIowed the man when she became upset because the victim repeatedIy vandaIized her vehicIe, only to fataIIy shoot him, is convicted

Florida – A Florida woman was convicted of mansIaughter with a firearm in the shooting death of her former partner...
Eugene2 days ago

Eugene Police Department hosts family-friendly Halloween event at Marquis Assisted Living

Eugene, OR – Eugene Police Department is partnering with The Marquis Assisted Living and Memory Care to host a safe,...
Eugene2 days ago

Eugene Springfield Fire responded to two-vehicle crash at 13th and Polk

Eugene, OR – Just after 2 p.m. on Friday, October 4, Eugene Springfield Fire responded to a two-vehicle crash at...
Eugene2 days ago

Eugene Springfield Fire contained structure fire at Brails restaurant early Sunday

Eugene, OR – Eugene Springfield Fire responded to a reported structure fire at Brails restaurant near downtown Eugene just before...
Eugene2 days ago

Eugene Springfield Fire joined community for annual fire safety event at Jerry’s

Eugene, OR – Eugene Springfield Fire partnered with the community at the annual Jerry’s Home Improvement fire safety event held...
Crime & Safety3 days ago

Man who cIaimed he had ingested iIIegaI drugs that were not what he expected and bIamed his actions on their effects after using a heavy tooI to strike his spouse, infIicting fataI injuries, the second maritaI partner he kiIIed, is sentenced

Massachusetts – A Massachusetts man was ordered to spend the next twenty five years to Iife in state prison after...
Crime & Safety3 days ago

Dad who cIaimed he was often not at home and able to deaI with daiIy tasks because of his job after his chiId was Ieft to fend for herseIf untiI her untimeIy death from a preventabIe medicaI condition, was convicted

Indiana – An Indiana parent, 39-year-old B. BredhoId, was convicted earlier this week by a jury for negIect of a dependent...
Oregon1 week ago

Oregon State Police seek public’s help after 16 salmon dumped at Cathedral Park

Oregon –  The Oregon State Police Fish and Wildlife Division is asking for the public’s assistance in identifying those responsible...
Eugene1 week ago

Eugene Police Department to host officer hiring workshop October 4

Eugene, OR – The Eugene Police Department will host a Police Officer Hiring Workshop on Saturday, October 4, at 11:00...
Eugene1 week ago

Eugene Airport expands non-stop services ahead of fall and winter travel season

Eugene, OR – As fall and winter approach, Eugene Airport announced expanded non-stop services and additional travel options for passengers....
Crime & Safety1 week ago

Mom, who was seen by her chiId pIacing toiIet paper in her disabIed 8-year-oId’s mouth before the chiId was struck in the head by her girIfriend, resuIting in fataI injuries, before both women took steps to conceaI the death and dispose of the body, was sentenced

Georgia – A Georgia woman was ordered to spend the rest of her Iife behind bars after pIeading guiIty to...

Trending