Grand Capital Financial/Judy Wang

[TreadStone]

Judy Wang of Grand Capital Financial boast of being able to bring forward funding against Collateral Instruments for a “upfront fee“ .75% of Instrument Face Value with a remaining 18.75% of face value on the "back end" or close of escrow. Additionally, Ms. Wang guarantees liaison of the funding entity into the transaction that will fund against the SBLC(Stand By Letter of Credit). The great appeal is the relatively “small” upfront cost to take down of the SBLC on the front side and the “heavy“ fee of 18.75% on the back-end out of proceeds. Ms. Wang recommends the use of an Attorney regulated escrow account through the Law Offices of Kathleen Hinton-Braaton of which appeared to have added a layer of credibility …. In actuality, the escrow proved be of no insulation in the way of protection from the fraud perpetrated by Judy Wang. It should be noted that the law firm mentioned above does not appear to be complicit in the unscrupulous activities of Grand Capital Financial.

My client paid to Judy Wang an immediate non-escrowed fee of 25k, with an additional 150k placed into the established escrow , with specific escrow instructions pertaining to the “trigger” of the release of those funds. The trigger being;
“Stand By Letter of Credit Funding, applied for by [client] . Upon confirmation , the Escrow Agent shall, within 5 business days …. Deliver funds to Grand Capital Financial.”

Judy Wang submitted a fraudulent letter of commitment to fund against a yet to be acquired SBLC, the fraudulent letter was from Fifth-Third Bank, thus inducing the Escrow Agent to release the 150k directly to Judy Wang. Subsequently, the Fifth-Third Bank Letter was found to be fraudulent., and further Judy Wang, to this date, has NEVER produced a verifiable SBLC nor a funding source.
We engaged Grand Capital Financial April of 2008 and to date, Judy Wang has provided ZERO but has enjoyed the benefit of the 175k she was paid upfront . Point of fact, in Grand Capital Financials' “Fee Agreement” paragraph 4, it states;
“ If Grand Capital Financial cannot perform, the upfront .75% is refundable and the 25k is non-refundable”.

We have requested Judy Wang to honor the contract and refund the 150k to which she continues to send illegible faxed responses with nothing more than “jibber jabber” in very poor English , that amount to nothing more than stall tactics.

Bottom line: Judy Wang/Grand Capital Financial , is deceptive, a scam and CANNOT perform. Do not send them your money.

[straight Shooter]

Treadstone,

Yes, Judy Wang is known to my partner as an upfront-fee scammer who doesn't deliver. I have not met her, but the story seems consistent with what I've heard.

If it helps at all--but you probably already know this--she resides in Laguna Niguel, CA.
Good luck.

[TreadStone]

Here is the Link to "Rip-Off Report" should anyone like to add their experience with Grand Capital/ Judy Wang on that site as well as here.

Ripoff Report: Grand Capital ********** Judy Wang Cheated and Deceived Newport Newport Beach California

[TreadStone]

A 2nd "Rip Off Report" (scroll down for the other) entry as a caveat to all:

Ripoff Report: Grand Capital ********** Judy Wang Grand Capital Financial Stay Away; She will take your Money and I promise, you will not get what you want in return, unless you want to throw away your money Newport Beach, California

[TreadStone]

This is a Bump.

[razorfish]

I sure hope you have contacted the authorities! Creating fraudulent bank documents is a federal offense. File a complaint with the State Attorney's office, the FBI, whoever will listen - that is a lot of money for someone to take from you like that!

[ajithaj]

hi

Judy Wang of Grand Capital Financial boast of being able to bring forward funding against Collateral Instruments for a “upfront fee“ .75% of Instrument Face Value with a remaining 18.75% of face value on the "back end" or close of escrow. Additionally, Ms. Wang guarantees liaison of the funding entity into the transaction that will fund against the SBLC(Stand By Letter of Credit).


regards,

phe9oxis

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[straight Shooter]

Pinki and Ajithaj,

Please take your idiocy back to your own playground -- no one is amused or impressed.