The following companies are on our BLACKLIST -
Dunmore Trust SA - after 60 days of dragging feet for an allocation, this company attempted to have our buyer post a bank to bank transaction with a non-bank officer. Our buyer provided proof of funds and we never received proof of product. While we did confirm the refinery from which the allocation came from, they would not confirm the executed contract. Also, the contract was missing specific seals needed. It appeared that the seller was attempting to conduct a transaction and not pay taxes to the Russians. If you can wait 3 to 4 months and be willing to play with your buyers money, you might get that low price they claim. Maybe, but we doubt it. No website. They appear on Alibaba, Petrotrader, and other trade sites.
The following brokers are on our BLACKLIST -
Ernest Babbini and Abdul Rahman- represented themselves as direct to Kern Energy and produced fraudulent SPA and payorder on a D2 transaction. Apparently Ernest had some fun in the morgage loan industry before perpetrating fraud in commodities: http://www.fbi.gov/phoenix/press-releases/2011/px030911.htm Check out the section on US V Rogers, Et Al and look and see whose name pops up again.
Andres Garcia, Barcelona Parts - presented fraudulent information on a buyer with a refinery contract.
Rasheed Ariwoola - Represented himself as mandate for seller and produced fraudulent SPA for sale.
Pedrag Nicolic - Was part of a company that attempted to by fuel from NWWSL. Sent an ICPO, got a CI, and then sent a false POF to the seller. Later, this guy hacked and edited the docs issued by this seller to play false seller. He issued a fraudulent ICPO and CI to a RWA buyer. When the buyer sent the signed CI back - he vaporized. Imagine that.
The following buyers are on our BLACKLIST -
CYMEX Group - Entered into a JP54 and D2 contract with Mondial Trade and never provided the required MT760 that was part of the procedures and that they had agreed to up front prior to the order.
Erdemo Oil & Gas out of Turkey and their president Saban Sen. - Misrepresentation of a seller's name without the seller being aware of the intent. They engaged to the point of receiving a CI and then vanish. No money, no assets, and no way of closing a deal.
TSE Community Development Corporation, Texas- This organization claims to buy property that will qualify for government funding. They have no money, no assets, and no way of closing a deal.
The following funding sources are on our BLACKLIST -
Faith Capital Funding Corporation and its President T Lynn Redmond - This group claims to have billions in mineral interests that they can use to monetize your loan. They have nothing and will be a huge waste of time. Here is their site - http://www.faithcapitalfunding.com/
