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Investman432

04/09/11 2:12 PM

#15272 RE: Greengo #15271

Thank for providing the irrefutable evidence that proves the S&P rating is for the $1.3 million CDO class and is not a corporate rating for the coincidentally named entity Fowler runs. This should help end any confusion that US Capital Trust SBLC is anything other than a fraud. Obviously, Herzog has not found anyone who is fooled by the worthless piece of paper that says SBLC -- I hope he didn't pay too much for it and doesn't otherwise get into trouble for presented fake collateral to banks.

Question - based on your knowledge, do you think US Capital Funding is a bona fide or fake - yes or no?


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Milosso

04/09/11 2:23 PM

#15274 RE: Greengo #15271

What part of my post do you not understand DD? The link that you cite is the AAA rating for a bond that is named US Capital Funding II Series Trust I. Notice the entry's classification under structured finance. This is a credit rating for a financial instrument--not a bank, a trust or a company.

This is is not the credit rating for the financial institution that is calling itself US Capital Funding II Series Trust I. Robert Fowler's "trust" is not S&P credit rated, but they are trying to make it appear as if they have an S&P rating by using the same name as the financial instrument.

If you do not believe me, call S&P and ask to speak to a credit analyst. I am not making this up. I did my own due diligence and I went straight to the horse's mouth.
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old man river

04/09/11 2:35 PM

#15276 RE: Greengo #15271

Unfortunately, the company for which the credit rating was provided for predates the incorporation of the company in Georgia where the facility is reputedly now being given.

From what I heard from S & P, the company that the rating was provided was formed offshore and not the Georgia firm.

Using the same name but in different juridictions does not necessarily mean that it is the same organization. If I create a company called Bergamo Acquisition Corp in say Gibraltar, can the Gibraltar company use in its web site and press releases that it is "the" Bergamo of Indian solar energy fame? Legally no. Too many investors have been scammed when familiar names are used to convey financial strength when no relation to the real company exists.