Complaint Review: LOIG LLC / Ledwin Oviedo

Our organization signed a contract with Mr. Ledwin Oviedo of LOIG, LLC, based in New York to provide a $75 million SBLC for the bridge financing of an apartment building in a major North Eastern US City. Our organzation had secured the necessary monetization of the SBLC with a Top 50 bank as required under the Term sheet for all parties. Mr. Oviedo behaved unprofessionally and in an un-business like manner in all of his actions as we moved to closing procedures. His conduct, we believe was, the result of his inability to prove up his SBLC as being a real instrument. We are now certain that he is trying to peddle false instruments in the marketplace. He offered unreasonable excuses for his delays and his conduct, arrogance and ambivalence toward the parties involved were deplorable. All closing parties confirmed to close and to the dismay of all parties concerned, Mr. Oviedo neglected to even respond to the professional approaches by counsel, funding parties and intermediaries . When Mr. Oviedo was finally reached after several days he was rude, ambivalent to his actions and in the opinion of all involved he is running a fictitious operation. His actions were viewed by our valued relationships involved as nothing other than a scam. We strongly suggest that anyone attempting to work with Mr. Oviedo and his operation refrain from further involvement so as to avoid the damage that his actions are now known to cause. We did not pay any up front fees in the transaction, however his malfeasant procedures did have a significantly negative impact on our valued relationships and financing partners. CAVEAT EMPTOR.