would a corporation from a rich European country cheat poor
educational institutions and students from developing countries?
This assumption proved to be wrong.
Due diligence research was required.
Oksana Obolenska send a written
message saying that her company STF Medical GmbH had sent the funds
to our institutions towards the job to be done. Though our
institutions haven't received the payment in due time, we believed
that was just a delay caused by funds transfer limitations
experienced by many developing countries. So we used our own
scarce financial resources to do the job because we believed the
funds would ultimately come. They didn't. Oksana Obolenska just
stopped responding to our messages.
Only then we did a due diligence
research on STF Medical and Oksana Obolenska - and regretted that we
hadn't done it in time.
STF Medical has no proper office and looks like a ghost company. The
multi-billion hospital construction projects listed in the
brochure don't exist. Oksana Obolenska is not a EU citizen, she is a
Ukranian citizen. Negative remarks about STF Medical's and Oksana
Obolenska's business practices are plentiful.
Here is a example.
All that and much more unpleasant
facts about STF Medical we discovered in no time by searching the
Here is a lesson we learned from this
experience and our advice to you: Trust but verify;
be wary of too-good-to-be-true offers, take time to do a due