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Report: #1449929

Complaint Review: STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL - Nationwide

  • Submitted: Mon, July 02, 2018
  • Updated: Mon, July 02, 2018
  • Reported By: alex — United States
  • STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL

    Nationwide
    United States

STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL.

*Consumer Comment: Your Experience with these banks

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STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL

These issuers are scam artists and commit fraud on a daily basis. They misled us and thousands of other victims by lying and misrepresenting their services.

They issue inoperable and conditional instruments such as Documentary Letters of Credit (DLC, LC, Letter of Credit), Standby Letters of Credit (Stand by letter of credit, SBLC, SLoC), Bank Guarantees (BG) and Proof of Funds (POF, Blocked Fund).

PLEASE SEE DETAILS BELOW.

Individuals involved are:
Peter Stern / Alex Silver AKA Alexander J. Silver / Drew Cohen / Stan Sherman AKA Stan Blitstein
Roy A. Hudson AKA Roy A. Laues AKA Roy Hudson AKA Roy Laues / Kristen G. Hudson AKA Kristen G. Laues AKA Kristen Hudson AKA Kristen Laues / Vishal Mahajan AKA Vishaal Mahajan
Govind Srivastava / Adhar Srivastava / Darren W. Grose AKA Darren Grose / ​Elizabeth Abercrombie / Liza Abercrombie / Dhwani Srivastava
Sanjay Thakrar / Pragash Somasundaram

Websites:
https://sternbank.com/
http://standardcommercebank.com/
https://www.euroeximbank.com/
www.soleilcapitale.com/
www.soleilbank.com/
https://suissecreditcapital.com/
universalcreditbank.com/
metro-bank.eu
metro-capital-bank.com
http://general-equity.com/
http://www.pacificeaglecapital.com/
https://www.bankwinter.com
https://europabankuk.com/
https://scpbank.com/
www.unitytradecapital.com

Here are some examples:

DLC

#1
CONDITION:
F47: AN AUTHENTICATED SWIFT MESSAGE SENT BY THE OPENING BANK TO THE ADVISING BANK, STATING THAT THE APPLICANT HAS INSPECTED THE GOODS PRIOR TO SHIPMENT AND THAT SHIPMENT IS AUTHORIZED, AND GIVING THE WAREHOUSE DETAILS FOR DELIVERY.

CATCH:
THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE. TOTAL SCAM.

#2
CONDITION:
FIELD 46A: ONE COPY OF CONTRACT SIGNED BY BENEFICIARY AND APPLICANT
SHOULD BE PRESENTED TO NOMINATED BANK TOGETHER WITH
SHIPPING DOCUMENT.
FIELD 47A: SIGNATURE OF THE APPLICANT TO BE IN ACCORDANCE WITH THE
RECORDS OF THE ISSUING BANK, AND COPY OF SIGNED CONTRACT
MUST CONTAIN SIGNATURE VERIFICATION OF THE ISSUING BANK.

CATCH:
ISSUING BANK WILL NEVER VERIFY THE SIGNATURE UNLESS YOU PAY THE FULL BALANCE TO THE APPLICANT AND/OR ISSUER (THEY ARE SAME PEOPLE), MAKING THE LC USELESS, UNLESS SELLER IS NAIVE ENOUGH TO SHIP THE GOODS AFTER WHICH SELLER AND SELLER'S BANK ARE ON THE HOOK.

#3
CONDITION:
PRE-SHIPMENT INSPECTION CERTIFICATE ISSUED AND SIGNED BY AN OFFICER OF XXXXX. ON THE LETTERHEAD OF XXXXX. STATING THAT THE GOODS HAVE BEEN INSPECTED PRIOR TO SHIPMENT AND THAT SHIPMENT IS AUTHORIZED, WHERE THE SIGNATURE OF THE OFFICER OF XXXXX. CONTAINS A VERIFICATION OR GUARANTEE STAMPED BY STERN INTERNATIONAL BANK AND SIGNATURE OF AN AUTHORIZED SIGNER OF STERN INTERNATIONAL BANK.

CATCH:
ISSUING BANK WILL NEVER VERIFY THE SIGNATURE UNLESS YOU PAY THE FULL BALANCE TO THE APPLICANT AND/OR ISSUER (THEY ARE SAME PEOPLE) MAKING THE LC USELESS, UNLESS SELLER IS NAIVE ENOUGH TO SHIP THE GOODS AFTER WHICH SELLER AND SELLER'S BANK ARE ON THE HOOK.

#4
CONDITION:
UPON RECEIPT OF DOCUMENTS IN FULL COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS CREDIT AND A COPY OF A SWIFT MESSAGE FROM US STATING THAT THIS LC IS AVAILABLE FOR DRAWING, WE WILL EFFECT PAYMENT AT MATURITY AS PER YOUR INSTRUCTIONS. DOCUMENTS MAY BE SUBMITTED ONLY AFTER RECEIPT BY YOU OF OUR SWIFT MESSAGE ACTIVATING THIS CREDIT FOR DRAWING.

CATCH:
THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#5
CONDITION:
UPON PRESENTATION OF COMPLYING DOCUMENTS AT OUR ADDRESS PROVIDED HEREIN WITH OUR ACCEPTANCE OF ENDORSEMENT (MT799) WE WILL REIMBURSE YOU IN ACCORDANCE WITH YOUR INSTRUCTIONS OR NOTWITHSTANDING UCP600 ART 35, IN THE EVENT OF LOST DOCUMENTS, AGAINST PRESENTATION OF COPIES OF ALL DOCS REQUIRED HEREIN THAT OTHERWISE CONFORM TO THE TERMS AND CONDITIONS OF THE LC.

CATCH:
IT REQUIRES ACCEPTANCE OF ENDORSEMENT VIA MT799 SWIFT MESSAGE. THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#6
CONDITION:
F46A: PACKING LIST 1 (ONE) ORIGINAL AND 3 (THREE) COPIES ISSUED BY THE
BENEFICIARY CERTIFYING THAT THE GOODS WERE DELIVERED ACCORDING TO
PROFORMA INVOICE NO : KD/SAM/23/02/18 DATED 31.01.2018, ENDORSED BY DLC ISSUING BANK.

CATCH:
IT SAYS ENDORSED BY DLC ISSUING BANK OR ENDORSED BY DRAWEE. MAKING THIS CONDITIONAL AND THE ISSUER WILL REJECT THE DOCUMENTS STATING THAT DOCUMENT XXX WAS NOT ENDORSED, MAKING THIS INSTRUMENT USELESS. FOR ENDORSEMENT THEY WILL REQUIRE TO MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

SBLC / BG

#1
CONDITION:
COPY OF SWIFT SENT BY ISSUING BANK TO ADVISING BANK, AFTER
RECEIPT OF APPLICANT'S INSTRUCTIONS, CONFIRMING THAT APPLICANT HAS
PRESENTED TO THEM A COPY OF THE SIGNED BENEFICIARY'S STATEMENT
(DOCUMENT NO.3 ABOVE [COULD BE ANY DOCUMENT THAT REQUIRES APPLICANT SIGNATURE]) AND THAT THE SIGNATURES OF APPLICANT'S
SIGNERS THEREON BEING IN CONFORMITY WITH BANK'S RECORDS AND INCLUDE
ALL AUTHORIZED SIGNERS, AS PER ISSUING BANK RECORDS, HELD IN THE
ISSUING BANK'S FILE AT THE DATE OF DEMAND.

CATCH:
THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#2
CONDITION:
FULL INSTRUCTIONS OF OUR DOCUMENTARY REQUIREMENTS WILL
FOLLOW. DOCUMENTS MAY BE SUBMITTED ONLY AFTER YOUR RECEIPT OF FULL
INSTRUCTIONS OF OUR DOCUMENTARY REQUIREMENTS.

CATCH:
THIS MAKES THE SBLC INOPERABLE AND WITH ZERO VALUE. DOCUMENTARY REQUIREMENT USUALLY DEMANDS FULL PAYMENT OF THE INSTRUMENT SIZE FROM CLIENT, WHICH MEANS THIS INSTRUMENT IS WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#3
CONDITION:
FULL DETAILS TO FOLLOW (UCP600.11) UPON RECEIPT OF APPLICANT’S
ACCEPTABLE INSTRUCTIONS AND APPLICANT’S FULFILLMENT OF OBLIGATION
TOWARDS THE ISSUING BANK.

CATCH:
THIS MAKES THE SBLC INOPERABLE AND WITH ZERO VALUE. DOCUMENTARY REQUIREMENT USUALLY DEMANDS FULL PAYMENT OF THE INSTRUMENT SIZE FROM CLIENT, WHICH MEANS THIS INSTRUMENT IS WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#4
CONDITION:
THIS SWIFT MESSAGE WILL BE ISSUED ONLY, UPON RECEIPT OF APPLICANT’S ACCEPTABLE INSTRUCTIONS AND APPLICANT’S FULFILLMENT OF OBLIGATION TOWARDS THE ISSUING BANK.

CATCH:
THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#5
CONDITION:
AUTHENTICATED COPY OF A SWIFT AMENDMENT, STATING THAT THE AMOUNT OF USD/EUR XXXXXX (US DOLLARS/ EUROS XXXXXXX), HAS BEEN
RECEIVED ON THE ACCOUNT IBAN XXXXXXXXXXXXXXX AT XXXX HELD WITH
US, FROM OR BY ORDER OF THE BENEFICIARY AND THAT THIS BANK
GUARANTEE IS NOW EFFECTIVE AND CAN BE DRAWN.

CATCH:
THEY WILL NOT SEND THE SWIFT MESSAGE UNLESS YOU MAKE FULL PAYMENT TO THEM MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

#6
CONDITION:
CLAIMS IF ANY, MUST BE RECEIVED BY US ON OR BEFORE THE EXPIRY DATE. THE CLAIMS MUST BE IN COMPLIANCE TO OTHER TERMS GOVERNING THE ISSUANCE OF THE STANDBY LETTER OF CREDIT.

CATCH:
AS YOU CAN SEE IT SAYS IN COMPLIANCE TO OTHER TERMS. OTHER MEANS AGAIN A DOCUMENT NEEDS TO BE PROVIDED. TO GET THAT DOCUMENT FULL PAYMENT OF INSTRUMENT SIZE NEEDS TO BE MADE MAKING THIS INSTRUMENT WORTHLESS. WHY YOU NEED AN INSTRUMENT FROM THESE PAPER BANK WHEN YOU ALREADY HAVE THE CASH VALUE OF THE INSTRUMENT SIZE.

 

STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL STANDARD COMMERCE BANK / STERN BANK / BANK OF WEST INDIES / SOLEIL CHARTERED BANK / EURO EXIM BANK / SUISSE CREDIT CAPITAL / UNIVERSAL CREDIT BANK / METRO CAPITAL BANK / GENERAL EQUITY / PACIFIC EAGLE CAPITAL / BANK WINTER / EUROPA BANK / POINT BANK / UNITY TRADE CAPITAL. Individuals involved are: Peter Stern / Alex Silver AKA Alexander J. Silver / Drew Cohen / Stan Sherman AKA Stan Blitstein Roy A. Hudson AKA Roy A. Laues AKA Roy Hudson AKA Roy Laues / Kristen G. Hudson AKA Kristen G. Laues AKA Kristen Hudson AKA Kristen Laues / Vishal Mahajan AKA Vishaal Mahajan Govind Srivastava / Adhar Srivastava / Darren W. Grose AKA Darren Grose / ​Elizabeth Abercrombie / Liza Abercrombie / Dhwani Srivastava Sanjay Thakrar / Pragash Somasundaram Websites: https://sternbank.com/ http://standardcommercebank.com/ https://www.euroeximbank.com/ www.soleilcapitale.com/ www.soleilbank.com/ https://suissecreditcapital.com/ universalcreditbank.com/ metro-bank.eu metro-capital-bank.com http://general-equity.com/ http://www.pacificeaglecapital.com/ https://www.bankwinter.com https://europabankuk.com/ https://scpbank.com/ www.unitytradecapital.com These issuers are scam artists and commit fraud on a daily basis. They misled us and thousands of other victims by lying and misrepresenting their services. They issue inoperable and conditional instruments such as Documentary Letters of Credit (DLC, LC, Letter of Credit), Standby Letters of Credit (Stand by letter of credit, SBLC, SLoC), Bank Guarantees (BG) and Proof of Funds (POF, Blocked Fund).

This report was posted on Ripoff Report on 07/02/2018 10:50 AM and is a permanent record located here: https://www.ripoffreport.com/reports/standard-commerce-bank-stern-bank-bank-of-west-indies-soleil-chartered-bank-euro-exim-bank-suisse-credit-capital-universal-credit-bank-metro-capital-bank-general-equity-pacific-eagle-capital-bank-winter-europa-bank-point-bank-unity-trade-capital/nationwide/standard-commerce-bank-stern-bank-bank-of-west-indies-soleil-chartered-bank-euro-e-1449929. 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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#1 Consumer Comment

Your Experience with these banks

AUTHOR: Gordon - (Canada)

Hi - I am just looking do deal with a couple of the banks mentioned here and I was hoping you might share more details for me - I am dealing with Bank of West Indies and I have noted several complaints, but I am curious on the others - Are you able to chat on this at all?

 

Many thanks!!

 

Gord Ferguson

12Peers Management Ltd.

Calgary, Alberta

gferguson@12peers.com

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