Consumer Alert
Notice Regarding Sigue Corp.
The New York State Department of Financial Services (NYDFS) has reached a final agreement with money transmitter Sigue Corp. for failing to fulfill its obligations to customers during its collapse in 2024. As its financial condition deteriorated, the company failed to complete multiple money orders and transmissions and to maintain adequate net worth and permissible investments to cover outstanding liabilities, both violations of state money transmission law. Under the final agreement, customers can file claims for full refunds.
The Department has been in touch with known affected customers. Additional customers who have been impacted can get information on filing claims for refunds by contacting NYDFS’s Consumer Assistance Unit at (800) 342-3736 or via email.