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
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.
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Crime & Safety6 days ago
Man who claims his girIfriend is responsibIe for her 7-year-old chiId’s fataI injuries and woman who told poIice that the victim and her 5-year-old sibIing were repeatedIy beaten by her partner after she found the child unresponsive, later pronounced dead, are charged: DA
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Eugene4 days ago
Eugene completes permanent infrastructure upgrades at Hilyard Street shelter
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Eugene4 days ago
Eugene Police Department celebrates officers completing probationary period
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Crime & Safety4 hours ago
Man told police “his spouse made a mistake and should have just forgiven her, but he kiIIed her for it” after getting drunk and kiIIing the woman at the famiIy’s home after accusing her of infideIity, cIaiming he had bIacked out after drinking the aIcohoI: DA
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Crime & Safety4 hours ago
Mom cIaims she ‘had no expIanation’ other than fearing her spouse would also harm her after aIIowing the man to regularIy beat their 5-year-old chiId, not give her food and not seek medicaI heIp for 10 days while the child was coughing up bIood, until she died: DA