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Report: #1363289

Complaint Review: Cross Stone and Saber - Glendale Arizona

  • Submitted:
  • Updated:
  • Reported By: Crown Buisness Services — Fair lawn New Jersey USA
  • Author Confirmed What's this?
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  • Cross Stone and Saber Glendale , Arizona USA

Cross Stone and Saber, Vincent B. Whitaker, Alan Haarburger, Rising Sun Corp Limited, Jonathan Cannon Wellness Property Development Limited, Wang Xin Hua, Hang Seng Bank Limited, Chan Pai Lun(Dennis) VP SBLC Funding, Liars who could not do what they contracted with me to do, Scam atrists Glendale, Arizona, New Jersey, New York,Hong Kong

*Author of original report: I May have Jumped the Gun

*REBUTTAL Individual responds: Robert Hennen Not Stating All Accurate Facts

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The companies and people listed in this report conned me into having a 200M SBLC sent to their bank with the anticipation that I would get a loan for 6% LTV. They infomed me they have done this before with each other and it was a simple process of sending the SBLC/760 in the text of a  swift 998. I sent them  a copy with completed veribage for their banker to approve so there would be no problems. I received back emails and phone calls assuring me that the banker and bank had approved the veribage and all that was left was to have my banker send the swift. The swift was sent and for two weeks I was told via phone and email that everything was completed and funding was coming in 48hrs, three different times. I should have known after the first 48hrs. Today I received a swift receipt from my banker that the recieving banker sent out informing them that they did not accept the swift and the file was closed. These people are not professionals as they stated, and I'm now out alot of funds needless to say $12Million Dollars in funding.  They are now trying to blame everything on the Hong Kong Monetary Authority.

They are not to be trusted.

This report was posted on Ripoff Report on 03/22/2017 10:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/cross-stone-and-saber/glendale-arizona-85302/cross-stone-and-saber-vincent-b-whitaker-alan-haarburger-rising-sun-corp-limited-jon-1363289. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
0Consumer
1Employee/Owner

#2 Author of original report

I May have Jumped the Gun

AUTHOR: - ()

POSTED: Saturday, April 08, 2017

Correction to my post and a mutual agreement to complete our transaction based on my conversation with Vincent Whitaker from Cross Saber and Stone

 

To the people that read this report:

I, Robert Hennen after calling and talking to Vincent Whitaker from Cross Saber and Stone about our problem and a long  and much heated discussion, we have decided that we are both on the same side. I expressed my concerns about being told we will close in 48 hours over and over again and the delay in getting a credible timeline as to where this project is going and not being able to talk with Jonathan Cannon of Rising Sun  Corp Limited, I have requested and Vincent has agreed to ask for a letter from the Jonathan  as to either a timeline to fund or the return of my funds as offered by the Jonathan , so I can return it to our investors.

 I wish to express my sorrow in myself for not putting trust in my fellow human beings based on past experiences in this business.  I hope I can move past my faults and do the good that this transaction was to be used for.  4/07/17

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#1 REBUTTAL Individual responds

Robert Hennen Not Stating All Accurate Facts

AUTHOR: Vincent - (USA)

POSTED: Wednesday, April 05, 2017

Robert Hennen of Crown Business Services contacted Cross Stone & Saber inquiring on monetization of a 200M non-rated instrument.  Vincent Whitaker introduced Robert Hennen to Rising Sun Corp Ltd, Jonathan Cannon, via Alan Haarburger.  Thereafter, subsequent to Mr. Hennen's own due diligence on Rising Sun and Jonathan Cannon, Robert Hennen entered into a mutually agreeable contract directly with Jonathan Cannon for monetization  of his instrument  in the amount of 6% of the face value of instrument; i.e. $12 Million  non-recourse net.   Cross, Stone Saber, Vincent B. Whitaker made introductions only, there was no contract by and between Cross Stone & Saber nor was there any exchange of money between Robert Hennen / Crown Business Services and  Cross, Stone & Saber. Cross Stone & Saber's function thereafter was only in the  facilitation of communication regarding progress of transaction; i.e. posting of  Mr. Hennen's instrument into receiving bank located in Hong Kong. Mr. Hennen did indeed SWIFT a 998 to receiving bank as directed within contract.  What was communicated thereafter to Cross Stone & Saber by Monetization side  is that  the designated receiving bank of Jonathan Cannon received several SWIFTS of other transactions inclusive of Mr. Hennen's between February 28, 2017 through March 17, 2017, and unfortunately, one of those incoming SWIFTS was found to be fraudulent by the  Hong Kong Monetary Authority, who monitors all banking activity in Hong Kong, and consequently (after a period of approximately 2 weeks)  rejected ALL SWIFTS received by Rising Sun's designated bank account during that same period of time  of which, unfortunately, included Mr. Hennen's instrument of which was returned to his issuing bank. 

Mr. Hennen then contacted Cross, Stone & Saber demanding all other communication mediums of the Monetization side, inclusive of those located in Hong Kong, of which Cross, Stone & Saber immediately complied. Mr. Hennen, thereafter, communicated directly with Mr. Cannon working through to a resolution , of which, in my understanding, was in process, however, communications by and between Mr. Hennen and Mr. Cannon became somewhat strained. My understanding is that Mr. Hennen was offered an opportunity to fund against his instrument with another receiving bank  to be designated by  Mr. Cannon however, Mr. Hennen was not willing to wait the several banking days necessary to coordinate and solidify all. Therefore, Mr. Hennen chose not to proceed in moving forward in reaching successful funding. 

While I  appreciate Mr. Hennen's  frustration, there was absolutely no "con"  regarding Cross, Stone & Saber. Mr. Hennen's contract was by and between he and Mr. Cannon.  Mr. Hennen had ever opportunity to complete due diligence on Mr. Cannon, inclusive of the receiving bank and its officers designated within the contract.  Additionally, it would be impossible to predict or dictate the actions of the Hong Kong Monetary Authority. Mr. Hennen should know that this industry is replete with unforeseen  challenges and disappointments  and, though frustrated,  casting negative and simply untruthful assertions does not lend itself to arriving at a successful conclusion.  The irony is that the choice rests within Mr. Hennen's hands exclusively and,  thus far, Mr. Hennen has chosen to be a less than positive steward of that choice ... of which view is supported by his misguided posting here,  in and of itself. 

 Mr. Hennen's misplaced blame and accusations of "con" notwithstanding,   I have been and remain  more than willing to facilitate in the mending of any "broken fences" by and between Mr. Hennen and Mr. Cannon in an attempt to bring Mr. Hennen's transaction to a successful conclusion. Again, the choice of success or not  rests entirely in Mr. Hennen's hands and no one elses.  

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