(Portland, OR) -- An Oregon business that was taking payments from a Nigerian business with ties to elderly scams and money laundering will pay one-point-seven million dollars. Oregon Tool, which was formerly known as Blount, Incorporated, sells saw chains and agricultural products. They did business with an unlicensed Nigerian money transmitting company. The business was laundering money from romance and elderly scams in the U.S. Oregon Tool cooperated with the investigation by the FBI and U.S. Department of Justice. The money will go toward funds to help victims of the fraud scheme.