money laundering CC new twist

[sadie]

Hey all

I saw this on another forum. Don't know if it has been tried but interesting approach.

I just researched some new materials that may help to prove the "alleged" c/c contract or agreement unenforci\eable and make the banks and bank's attorneys ears burn:

In the total make up of the c/c bank scheme, there seems to be some important points that are not addressed, which may help to prove their fraud without so much legal research.

In the "alleged" contract agreement the bank does not disclose the fact that they are getting/ charging the merchants a fee (usually 3% to 5%) for each transaction on an account that they say is yours.

Well, by law, this is called "omiting certain particulars" and to further this claim they are "Receiving Secret Commission While Acting As An Agent" Both of the above mentioned are acts of fraud on the bank's part.

You sign a transaction at Wal-Mart on your credit card -- W/M deposits this "bill of exchange" then the W/M bank will transfer it to your bank- your bank receives their part of the 3-5% and then Visa Intl or MasterCard Intl gets their part of the 3-5% fees. None of this is disclosed to you in the agreement so the agreement cannot be legal or enforceable.

These conversions are the same as money laundering. So I would suggest adding in any requests of the bank or collector to state" "Provide me with the information that you have not involved me in your banking fraud of "Receiving Secret Commission While Acting as an Agent" and the you do not intentionally omit these facts in any contract or agreement and prove this to me beyond any doubt and I will immediately pay any claims that you say that you have against me.

I think any collector lawyer will disappear to prevent being a known part of fraud.

[bulldozer]

that sounds interesting. the way i understand a contract is both parties have to be fully aware of the terms and conditions of the contract in order for the contract to be valid.

Very good Sadie! Keep up the good work!

[dochand]

I'm wondering if I should include this in my response to the arbitration invitation (summons) I received from Wolpoff.

Any suggestions?

Doc

They also don't disclose to the consumer at the time of the loan origination that they have the right to raise the intrest on your credit card(s) at any time and for any reason whatsoever! Also known as universal default; on money that was created out of your promise to pay with your signature, (creating an asset and a corresponding liability according to their bookkeeping entries.)

Meaning that they actually owe you money!

And not to mention fractional reserve banking which allows credit card companies to create 9X the amount of the promissory note and rip people's heads off with the intrest! No cap on the amount of intrest and no cap on the amount of fees for late charges and over the limit fees.

This is an outrage to the american people and needs to be strongly dealt with.

"My people perish for lack of knowledge."

[Bird]

dochand:

Was the summons properly served upon you? These shysters often attempt to proceed without the summons ever being properly served. Their arbitration code doesn't allow them to proceed with arbitration without proper service. This code requirement is waived if the respondent replies, to the albeit faulty summons.

[dochand]

Originally Posted by Bird

dochand:

Was the summons properly served upon you? These shysters often attempt to proceed without the summons ever being properly served. Their arbitration code doesn't allow them to proceed with arbitration without proper service. This code requirement is waived if the respondent replies, to the albeit faulty summons.

Hey Bird!

The summons was in my house when I got home from the office a few weeks ago. No one in the house signed for the 'DHL Express Envelope-Letter'. Apparently, it was left at the front door.

If I don't respond, it is my understanding, they will carry on with the arbitration without me and obtain a judgement against me.

So, even if I wasn't served properly, do I just pretend that I never received the summons and then fight the judgement on those grounds?

Thanks for the reply.

Doc

[bulldozer]

i believe they will proceed, reguardless of it was signed or not.

[seeker]

Check to make sure the arbitration 'summons' is from the Arbitration board itself, not just your friends are W&A -- and make sure to send the appropriate VoD to them in that regard. If you truly received something from the Board, there are letters in the download section for them.

As Jerseee always cautions, Critical reading of what you received and the true nature, intent and content need to be acertained before you do anything. I would caution you to do just that, Doc!

Seeker

[dochand]

Originally Posted by seeker

Check to make sure the arbitration 'summons' is from the Arbitration board itself, not just your friends are W&A -- and make sure to send the appropriate VoD to them in that regard. If you truly received something from the Board, there are letters in the download section for them.

As Jerseee always cautions, Critical reading of what you received and the true nature, intent and content need to be acertained before you do anything. I would caution you to do just that, Doc!

Seeker

Thanks seeker!

By all means they (W&A) are trying to get me to pay the alleged amount they claim is due. The return address is W&A. Therefore, may I assume that it did not originate at NAF? Me thinks so.

The appropriate VOD was sent to them already. I also made inquiry as to what MBNA had done with my CPN. They didn't return it - a-duh! So, I demanded that they answer the questions regarding the VOD sent to MBNA as well as their own VOD.

The question remains. Do I respond to them, or operate under the assumption that it was never received. Then again, doesn't that put me in the potential pickle of their having the arbitration without me?

What to do. What to do.

Doc