Oregon Tool Incorporated, a U.S.-based company that sells farming equipment and precision cutting tools, has reached an agreement with the U.S. Department of Justice to pay $1.7 million fine for shipping multibillion-naira worth of tools to two Nigerian fraudsters known as ‘Yahoo Boys’, without carrying out due diligence, documents obtained by Peoples Gazette showed.
Regulators from the U.S. government accused Oregon Tool Inc. of enabling two Internet scammers of Nigerian descent to use their company as an intermediary to collect fraud proceeds in exchange for agricultural equipment.
“The USAO (U.S. Attorney Office for the District of Oregon) will not criminally prosecute the Company or any of its parents, subsidiaries or affiliates for any crimes relating to the conduct described in the Statement of Facts attached hereto as Attachment A, including and Abetting an Unlicensed Money Transmitting Business, in violation of 18 U.S.C. §§ d 2,” the…
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