Complaint Review: Grand Capital Financial Judy Wang

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.

Client representative
Phoenix, Arizona
U.S.A.