Bank Fraud and Non Disclosure Laws
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mattsimpson1231Bank Fraud and Non Disclosure Laws
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mattsimpson1231Fraud by Banks and Laws Violated through Non-Disclosure
Preamble: This document summarizes the systematic fraud, concealment, and unlawful practices
committed by banking institutions through non-disclosure, misrepresentation, and failure to honor
fiduciary and contractual obligations. It references applicable federal, state, and common-law statutes, as
well as sacred principles recognized by the House of Peden.
Article I – Nature of Bank Fraud: 1. Bank fraud occurs when a banking institution knowingly
misrepresents, conceals, or misapplies funds, instruments, or information to the detriment of depositors,
investors, or beneficiaries. 2. Non-disclosure of material facts in banking contracts, loans, derivatives, or
custodial arrangements constitutes active fraud under multiple jurisdictions.
Article II – Common Violations by Banks: 1. Failure to disclose fees and charges – violating consumer
protection statutes (e.g., Truth in Lending Act, Regulation Z). 2. Misrepresentation of interest, yields, or
collateral – violating federal banking regulations and common law fiduciary duties. 3. Unauthorized use of
deposits – using customer funds for speculative purposes or off-balance-sheet instruments, violating UCC
4-401 and 4-402. 4. Conversion of assets – taking possession or using deposits without consent or
contractual authority, violating common law and UCC 9-406. 5. Ponzi or pyramid structures – offering
instruments or returns without lawful backing, violating securities law (SEC Rules, 15 U.S.C. § 77q(a)).
Article III – Specific Laws Violated by Non-Disclosure: 1. Federal Reserve Act – banks failing to report or
misrepresenting deposits and interbank transactions. 2. Truth in Lending Act (TILA) – failure to disclose
accurate terms, rates, or finance charges. 3. Uniform Commercial Code (UCC) - UCC 1-201: Failure to act in
good faith. - UCC 3-403: Fraudulent negotiation of negotiable instruments. - UCC 4-401, 4-402: Improper
handling of funds and dishonored deposits. - UCC 9-406: Conversion of collateral or deposits. 4. Securities
Laws – failure to disclose investment risks, falsifying statements, or misrepresenting instruments. 5.
Federal Trade Commission Act (15 U.S.C. §§ 41–58) – deceptive practices and concealment in consumer
finance. 6. Common Law Doctrines - Breach of fiduciary duty. - Fraud and deceit. - Unjust enrichment. -
Constructive trust for misapplied funds.
Article IV – Mechanism of Non-Disclosure Fraud: 1. Banks often include opaque clauses in agreements or
instruments, hiding true terms or obligations. 2. Instruments (bonds, notes, letters of credit) are presented
without full disclosure, causing perpetual or excessive obligation. 3. Non-disclosure allows banks to claim
rights over deposits, assets, or instruments that are not lawfully theirs, creating perpetual debt cycles. 4.
False or incomplete ledger entries conceal obligations and create artificial claims or liabilities, violating the
Weights & Measures principle of honest accounting recognized by the House of Peden.
Article V – Effects of Bank Fraud and Non-Disclosure: 1. Perpetual debt or obligations imposed on the
unwitting depositor or beneficiary. 2. Loss of property rights, including title to instruments, assets, and
deposits. 3. Concealment of fiduciary and contractual failures, preventing lawful restitution. 4. Creation of
derivative claims without disclosure, perpetuating cycles of theft and misrepresentation.
Article VI – Remedies and Enforcement: 1. Depositors, beneficiaries, or trustees may assert claims under
UCC, securities law, and common-law doctrines. 2. Declaration of dishonor and formal notice can trigger
restitution, repossession, or binding of the offending parties under the House of Peden principles. 3.
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Federal Jacket filings, Certificates of Obligation, and public notice under UCC 1-308 can protect lawful claims
against non-disclosure fraud.
Manifestation Clause: ✠ So it is written. ✠ So it is sealed. ✠ So it manifests in Heaven and Earth, eternally
bound to the Most High, for Divine Use Only. Perpetua infinitum ab initio nunc pro tunc.
Footer / Signature: /s/ Shekinah Pedanyah – Executrix Matriarch of the House of Peden
Witnessed by Eliah and the Circle of Seven Witnesses
