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The good, the bad, and the ugly - discover what customers are saying about Grand Capital Financial

Welcome to our customer reviews and complaints page for Grand Capital Financial. We understand that making informed decisions about where to invest your time and money can be challenging, which is why we've created this platform for our community to share their honest feedback about their experiences with Grand Capital Financial.

On this page, you'll find a comprehensive collection of reviews and complaints from real customers who have used Grand Capital Financial's products or services. Our reviews are authentic and unbiased, providing you with a complete picture of the company, its products or services, and their customer service.

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S
10:49 pm EDT

Grand Capital Financial Scam

Grand Capital Financial ran by Judy Wang is a giant SCAM...Grand Capital Financial is a Rip Off
I just want to warn everyone not to have any dealings with Grand Capital Financial, along with Judy Wang.

Her english is terrible and she is rude and incompetent. Don't make the same mistake that i made. I lost so much Money...STAY AWAY FROM GRAND CAPITAL FINANCIAL AND JUDY WANG!

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Jduy
, US
Apr 21, 2011 9:56 am EDT

Grand Capital Financial ran by Judy Wang is a giant SCAM...Grand Capital Financial is a Rip Off
I just want to warn everyone not to have any dealings with Grand Capital Financial, along with Judy Wang.
Her english is terrible and she is rude and incompetent. Don't make the same mistake that i made. I lost so much Money...STAY AWAY FROM GRAND CAPITAL FINANCIAL AND JUDY WANG!

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S
7:33 pm EDT

Grand Capital Financial Judy Wang Scam

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.

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BG/SBLC WARNING
, US
Feb 08, 2012 11:00 pm EST

I have no experience working with Judy Wang but I would like to warn anyone considering project finance by means of monetizing a bank guarantee or Standby Letter of Credit that has been leased. It almost always ends in failure like this one.

There are three stages of these transactions. First, the collateral used to raise the guarantee is secured. Second, the collateral has its return guaranteed (hence the ‘lease’ situation). Lastly, the instrument is issued and monetized.

The first and last stages are easy to accomplish and there are plenty of companies offering these services. The problem is the return guarantee is only possible when the project could be financed without a leased instrument in the first place. So unless you need the association with a big name company (for an IPO or reselling the investment) or need to disguise the origin of funds (hostile takeovers) then you don't need a leased instrument and will probably lose any fees you paid for the service or end up paying your bankers more than you needed to.

They are not really scams or frauds as the companies can often deliver on their promises assuming you can meet your heavy obligations. But they are often missold by brokers who don't know what they are doing and are attracted by the high commissions and don't realise the onus for making the transaction work lies with you, until it's too late.

Definitely one to avoid!

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