Complaint Review: RICARDO PARKS - Nationwide

It is with disdain and empathy that I must address the nefarious remarks made by Mr. Larry Jenkins. His statements are unfounded and very untrue. Therefore, please allow me to vindicate myself by presenting the following facts:

·         Mr. Larry Jenkins presented himself as a professional and sophisticated investor who had worked with leased investment grade Bank instruments, such as BGs and SBLC as well as LC’s to finance his movie operations.

·         Mr. Jenkins and I were introduced to the orbit of Roselynn Tanwar, who represented herself as Dr. Tanwar who had a business relationship with Mr. Omar Young, a provider of leased instruments. She indicated that he was a Banker who had a professional relationship with several banks, particularly Wells Fargo. She indicated that she had worked with Mr. Young for over ten years and that he was a proven provider of leased bank instruments.

·         There were several conversations between all parties mention above. Mr. Jenkins was presented in writing a proposal by Mr. Young and Dr. Tanwar that included a dollar amount of what it would cost to lease the bank instrument along with the terms and conditions. Mr. Jenkins also requested that the bank instruments be monetized by a third party to assist in the funding of several movies projects. After repeated conversations with Mr. Young and Dr. Tanwar, I suggested to Mr. Larry Jenkins to conduct his due diligence to determine if he wanted to engage their proposal and services.

·         At this point, Mr. Larry Jenkins brought forth his investor to engage in dialog with Dr. Tanwar and the provider Mr. Omar Young to discuss the terms and conditions for the leased instrument.  

·         Not only did Dr. Tanwar bring forth the provider of the leased instrument, she also brought forward her attorney that she had worked with for several years, Mr. Russell Rice. Once again, I suggested to Mr. Larry Jenkins to do his due diligence on the attorney, for it was his responsibility to make sure that his investor funds were safe at all time.

·         I advised Mr. Jenkins to be sure that the attorney provided escrow instructions that he, and he alone would be authorized to release monies out of the attorney’s escrow account. The attorney did prepare the escrow instructions that Mr. Jenkins approved and signed off on.

·         The specific of the escrow instructions call for the provider to deliver by swift a investment grade bank instrument into the monetizer’s account, this never happened. the provider, Mr. Young did deliver an instrument by way of express mail from a third party supposedly issued by Wells Fargo that proved to be fraudulent. The monetizer contacted the Letter of Credit Department of Wells Fargo and was informed that they never issued the letter of credit that was received by mail. At this point, Mr. Larry Jenkins, Dr. Tanwar, Mr. Omar Young and the attorney Mr. Russell Rice were properly notified. The monetizer and I ceased and desisted all efforts in working with Dr. Tanwar’s group. I did not want to be involved with anyone nor anything that might be construed as fraudulent. 

·         It was brought to my attention several months later that Mr. Jenkins had continued his relationship with Dr. Tanwar. Also, through a third party, I was informed that Dr. Tanwar attorney, Mr. Russell Rice passed away/deceased. 

·         In summary, Mr. Jenkins was the only person that had the authority to release monies out of the attorney’s escrow account under the terms and conditions of the escrow instructions, for it stated that the leased instrument had to be received by swift confirmed and verified before the release of any monies. Mr. Jenkins made the decision to continue to work with Dr. Tanwar and Mr. Omar Young. I never promised or made any guarantees, nor did I ever represent myself as a licensed financial entity. I feel sorry for Mr. Jenkins lost, I wish he had walked away when I walked away from Dr. Tanwar and Mr. Young but, he and he alone made the choice to continue that relationship.