Complaint Review: Paul Nater, Nater Associates LLC - San Ysidro California
Paul Nater, Nater Associates LLC Steve Jones, 1st American Financial, First American Financial, Nater Associates, United Escrow Fraud against investor group San Ysidro California
As a disclaimer I would like to state that I have not personally dealt with Mr. Paul Nater, First American Financial, or the United Escrow Company. My only interaction with Mr. Nater was when he sent me an email finger pointing at someone else in reference to why he was unable to do his job. I would actually not be creating this report had he provided me accurate documentation and evidence to back up what he was saying in his email. However, at this point I am sick and tired of hearing his excuses and want to warn anybody who might be tempted in doing business with him.
A business transaction when done correctly is like a well-oiled machine. Every gear/cog is working to produce the final result that is the desired outcome for all parties involved. My investment with Mr. Olson was supposed to be a well oiled machine. We were supposed to invest in order to generate a Stand By Letter for Credit (here after “SBLC”) for a gold transaction that was going to happen in Dubai. This SBLC was to function as a form of insurance to guarantee the gold provider and the refinery in Dubai that the raw gold (AKA Dore Bars) would be legitimate and that the gold mine would be paid for the gold upon it being received and confirmed at a certain purity rating for 96%. This entire transaction required putting the gold shipment together, flying it from Africa to Dubai, unloading and inventorying the shipment, testing the gold for purity rating, and then paying the gold provider for the gold. This transaction only took a matter of 2 to 3 weeks. Why? Because that is what a well oiled machine does, all the gears are working and everyone involved is doing their promised part. So please explain to me why the hell producing a assets/cash backed piece for paper that is verifiable and legitimate has taken 4 GOD d**n MONTHS AND STILL NO VERIFIABLE SBLC HAS BEEN PRODUCED! Instead I am now wasting my time creating a report against Mr. Nater, First American Financial and United Escrow Company for failing to do their job.
I have had to review countless documents and proof of evidence from Mr. Richard Olson to make sure that he was not the one trying to commit fraud. When asked Mr. Olson provided me emails, text conversations, bank documentations, bank statements, a 120 page explanation with documentation links for what happened (I would like to add that it was an unfinished copy) and anything else at my request. What have I gotten from Mr. Nater who was ultimately given all this money to create this jointly invested SBLC? A half assed email pointing a finger at Mr. Olson. When someone invests multiple tens of thousands of dollars into an investment your first contact with that person needs to be far better than that. There is a magical invention that has been around and patented since the 1876. This device allows you to communicate a message to someone without having to physically see them. It is called a "telephone" and I expect it to be used when it comes to explaining why my money never produced the product that I paid for. An email with no factual documentation to back up the claim is just flat out cowardice Mr. Nater.
My business partner and I have now be greatly harmed due to this incompetence/fraudulent activity by Mr. Nater. We have had over a million dollars of losses because the SBLC was never generated and I want that to be paid back with interest. I made it clear to Mr. Olson that I wanted my funds to be refunded to me only to find out that the escrow company that was being used had released my funds to Mr. Nater before he produced a SBLC that could be SWIFT’ed! That is like someone going into a house closing and the funds to purchase that home are released to the seller before the title work was done! It is unacceptable, and I can not find any fault with what Mr. Olson has done. The root of this whole problem lies with Mr. Nater, First American Financial, and the United Escrow Company. They had literally ONE JOB! Produce a SWIFTable SBLC. Instead of doing that Mr. Nater and his associates would rather waste everyone’s time arguing with Mr. Olson and sending people finger pointing emails that don’t even have the accurate payment information, name spelling, or documentation to back up their claims. But then again they are protecting the $375,000 they received from Mr. Olson.
If I haven’t made this complaint clear enough the bottom line is I am finding Mr. Nater, First American Financial, and the United Escrow Company at fault for my loses. They have shown very clearly that they have something to hide and that they believe their fraudulent activity will not be exposed. They are wrong. This is my finally warning to them from me personally. Produced the SLBC, stop wasting my time arguing with Mr. Olson, or face my wrath as well as my other investors wraith alongside Mr. Olson.
This report was posted on Ripoff Report on 09/23/2018 09:43 AM and is a permanent record located here: https://www.ripoffreport.com/reports/paul-nater-nater-associates-llc/san-ysidro-california-92173/paul-nater-nater-associates-llc-steve-jones-1st-american-financial-first-american-finan-1462072. 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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