Submission of Evidence of Fraud to the Securities and Exchange Commission (SEC)

Complaint Number: 17381-056-735-238

Also: Submission Number: 17386-160-312-848

 [Your Full Name]

[Your Address]
[City, State, ZIP Code]
[Date]

Securities and Exchange Commission
Office of Investor Education and Advocacy
100 F Street, NE
Washington, DC 20549

Subject: Complaint Regarding Securities Fraud by Federal Reserve System and Banking Institutions

Dear Sir/Madam,

I am submitting this complaint to formally request an investigation into the issuance and management of Federal Reserve Notes (FRNs) as securities claims by the Federal Reserve System and its associated banking institutions. Specifically, I allege that these entities have committed securities fraud by issuing FRNs that explicitly claim equivalency to constitutionally defined U.S. dollars but fail to provide convertibility into lawful dollars (gold and silver coinage) on demand.

Background and Legal Framework

1. Definition of Securities Fraud
   Under the Securities Exchange Act of 1934, Section 10(b), and Rule 10b-5 promulgated thereunder, securities fraud occurs when a party employs deceptive practices in connection with the purchase or sale of securities, including the misrepresentation of material facts.

2. Federal Reserve Notes as Securities
   Federal Reserve Notes are securities because they represent obligations of the United States backed by its full faith and credit. These notes are issued as claims to lawful dollars as defined under Article I, Section 8 of the U.S. Constitution and the Federal Reserve Act of 1913.

3. Constitutional and Statutory Requirements

   • Article I, Section 8 grants Congress the authority to "coin Money" and regulate its value, requiring tangible backing by gold or silver.
   • Article I, Section 10 prohibits states from making "any Thing but gold and silver Coin a Tender in Payment of Debts."
   • The Federal Reserve Act of 1913 initially mandated that FRNs be redeemable in gold or silver coinage, ensuring they represented a legitimate security claim.

4. Unconstitutional Suspension of Redeemability

   • In 1933 (domestically) and 1971 (internationally), the U.S. government unilaterally suspended the redeemability of FRNs into gold or silver coinage, severing their connection to lawful money.
   • This suspension undermines the validity of FRNs as securities, rendering them misleading instruments that no longer fulfill their statutory and constitutional obligations.

5. Relevant U.S. Code and SEC Regulations

   • 31 USC § 5112(a): Defines lawful money as gold and silver coinage, including American Gold and Silver Eagles.
   • SEC Rule 10b-5: Prohibits fraudulent practices and misrepresentations in the issuance of securities.

Allegations Against Banking Institutions

The following institutions, in coordination with the Federal Reserve System, have participated in this securities fraud:

• Alliant Credit Union
• JP Morgan Chase
• Porsche Financial Services
• American Express
• Capital One
• Harley-Davidson Financial Services

These institutions have:

1. Issued Loans in FRNs Misrepresented as Lawful Dollars: By issuing loans and accepting repayments in FRNs, these institutions perpetuate the false equivalency of FRNs to lawful dollars without offering redeemability in gold or silver coinage.
2. Failed to Demonstrate Adequate Lawful Money Reserves: They have not provided evidence of holding lawful money (gold or silver coinage) on their accounting books as required by constitutional and statutory mandates.
3. Deceived Borrowers and the Public: By misrepresenting FRNs as equivalent to lawful dollars, these institutions have misled borrowers into accepting irredeemable fiat currency as though it represented real value.

Specific Evidence of Fraud

I have requested lawful money equivalent to my loans from these institutions, calculated as follows:

1. JP Morgan Chase (Auto Loan):

   • Loan Amount: $80,000
   • Remedy: 1,600 Gold Eagles or 80,000 Silver Eagles

2. JP Morgan Chase (Credit Card):

   • Loan Amount: $60,000
   • Remedy: 1,200 Gold Eagles or 60,000 Silver Eagles

3. American Express (Credit Card):

   • Loan Amount: $60,000
   • Remedy: 1,200 Gold Eagles or 60,000 Silver Eagles

4. Porsche Financial Services (Auto Loan):

   • Loan Amount: $94,000
   • Remedy: 1,880 Gold Eagles or 94,000 Silver Eagles

5. Harley-Davidson Financial Services (Auto Loan):

   • Loan Amount: $20,000
   • Remedy: 400 Gold Eagles or 20,000 Silver Eagles

6. Alliant Credit Union (Loan):

   • Loan Amount: $805,000
   • Remedy: 16,100 Gold Eagles or 805,000 Silver Eagles

7. Capital One:

   • Loan Amount: $10,000
   • Remedy: 200 Gold Eagles or 10,000 Silver Eagles

These institutions have either failed to provide lawful money on demand or to prove the existence of lawful dollar reserves.

Requested Action

I respectfully request that the SEC:

1. Investigate the Federal Reserve System and the aforementioned financial institutions for securities fraud related to the issuance and management of FRNs.
2. Require these entities to redeem FRNs in lawful money as defined under 31 USC § 5112(a).
3. Mandate full disclosure of their financial positions regarding lawful money reserves.
4. Implement corrective actions to ensure compliance with constitutional and statutory requirements for lawful money.
5. Hold the Federal Reserve System and participating institutions accountable for misleading the public and borrowers.

Final Note

This case underscores a systemic issue involving the misrepresentation of FRNs as lawful money, in violation of constitutional and statutory provisions. I trust the SEC will act decisively to protect the integrity of the financial system and restore public confidence in the legitimacy of U.S. currency.

Thank you for your time and attention. I look forward to your response.

Sincerely,
[Your Full Name]
[Your Contact Information]

**************

Please select the option that best describes your complaint. Material misstatement or omission in a company's public filings or financial statements, or a failure to file

Please select the specific category that best describes your complaint. Internal Controls/Books and Records

Is this supplemental information to a previous complaint? No

In your own words, describe the conduct or situation you are complaining about. Dear Sir/Madam,

I am submitting this complaint to formally request an investigation into the issuance and management of Federal Reserve Notes (FRNs) as securities claims by the Federal Reserve System and its associated banking institutions. Specifically, I allege that these entities have committed securities fraud by issuing FRNs that explicitly claim equivalency to constitutionally defined U.S. dollars but fail to provide convertibility into lawful dollars (gold and silver coinage) on demand.

Background and Legal Framework

Definition of Securities Fraud
Under the Securities Exchange Act of 1934, Section 10(b), and Rule 10b-5 promulgated thereunder, securities fraud occurs when a party employs deceptive practices in connection with the purchase or sale of securities, including the misrepresentation of material facts.

Federal Reserve Notes as Securities
Federal Reserve Notes are securities because they represent obligations of the United States backed by its full faith and credit. These notes are issued as claims to lawful dollars as defined under Article I, Section 8 of the U.S. Constitution and the Federal Reserve Act of 1913.

Constitutional and Statutory Requirements

Article I, Section 8 grants Congress the authority to "coin Money" and regulate its value, requiring tangible backing by gold or silver.
Article I, Section 10 prohibits states from making "any Thing but gold and silver Coin a Tender in Payment of Debts."
The Federal Reserve Act of 1913 initially mandated that FRNs be redeemable in gold or silver coinage, ensuring they represented a legitimate security claim.
Unconstitutional Suspension of Redeemability

In 1933 (domestically) and 1971 (internationally), the U.S. government unilaterally suspended the redeemability of FRNs into gold or silver coinage, severing their connection to lawful money.
This suspension undermines the validity of FRNs as securities, rendering them misleading instruments that no longer fulfill their statutory and constitutional obligations.
Relevant U.S. Code and SEC Regulations

31 USC § 5112(a): Defines lawful money as gold and silver coinage, including American Gold and Silver Eagles.
SEC Rule 10b-5: Prohibits fraudulent practices and misrepresentations in the issuance of securities.
Allegations Against Banking Institutions

The following institutions, in coordination with the Federal Reserve System, have participated in this securities fraud:

Alliant Credit Union
JP Morgan Chase
Porsche Financial Services
American Express
Capital One
Harley-Davidson Financial Services
These institutions have:

Issued Loans in FRNs Misrepresented as Lawful Dollars: By issuing loans and accepting repayments in FRNs, these institutions perpetuate the false equivalency of FRNs to lawful dollars without offering redeemability in gold or silver coinage.
Failed to Demonstrate Adequate Lawful Money Reserves: They have not provided evidence of holding lawful money (gold or silver coinage) on their accounting books as required by constitutional and statutory mandates.
Deceived Borrowers and the Public: By misrepresenting FRNs as equivalent to lawful dollars, these institutions have misled borrowers into accepting irredeemable fiat currency as though it represented real value.
Specific Evidence of Fraud

I have requested lawful money equivalent to my loans from these institutions, calculated as follows:

JP Morgan Chase (Auto Loan):

Loan Amount: $80,000
Remedy: 1,600 Gold Eagles or 80,000 Silver Eagles
JP Morgan Chase (Credit Card):

Loan Amount: $60,000
Remedy: 1,200 Gold Eagles or 60,000 Silver Eagles
American Express (Credit Card):

Loan Amount: $60,000
Remedy: 1,200 Gold Eagles or 60,000 Silver Eagles
Porsche Financial Services (Auto Loan):

Loan Amount: $94,000
Remedy: 1,880 Gold Eagles or 94,000 Silver Eagles
Harley-Davidson Financial Services (Auto Loan):

Loan Amount: $20,000
Remedy: 400 Gold Eagles or 20,000 Silver Eagles
Alliant Credit Union (Loan):

Loan Amount: $805,000
Remedy: 16,100 Gold Eagles or 805,000 Silver Eagles
Capital One:

Loan Amount: $10,000
Remedy: 200 Gold Eagles or 10,000 Silver Eagles
These institutions have either failed to provide lawful money on demand or to prove the existence of lawful dollar reserves.

Requested Action

I respectfully request that the SEC:

Investigate the Federal Reserve System and the aforementioned financial institutions for securities fraud related to the issuance and management of FRNs.
Require these entities to redeem FRNs in lawful money as defined under 31 USC § 5112(a).
Mandate full disclosure of their financial positions regarding lawful money reserves.
Implement corrective actions to ensure compliance with constitutional and statutory requirements for lawful money.
Hold the Federal Reserve System and participating institutions accountable for misleading the public and borrowers.

This case underscores a systemic issue involving the misrepresentation of FRNs as lawful money, in violation of constitutional and statutory provisions. I trust the SEC will act decisively to protect the integrity of the financial system and restore public confidence in the legitimacy of U.S. currency.

Thank you for your time and attention. I look forward to your response.

Are you having or have you had difficulty getting access to your funds or securities? Yes

Did you suffer a loss? Yes

Enter amount of loss to nearest dollar without characters (e.g., 15000, not $15,000.00). 1119000

When did you become aware of the conduct? (mm/dd/yyyy) 09/28/2023

When did the conduct begin? (mm/dd/yyyy) 04/28/1933

Is the conduct ongoing? Yes

Has the individual or firm acknowledged the conduct? No

How did you learn about the conduct? You may select more than one answer. Conversations, Publicly available information

Have you taken any action regarding your complaint? You may select more than one answer. Complained to firm, Complained to other regulator, Complained to SEC, Complained to law enforcement, Complained to other, Legal action

Provide details. Efforts to Inform Institutions, Regulators, and Others

Regulatory and Law Enforcement Bodies
Office of the Comptroller of the Currency (OCC):
Filed complaints regarding the failure of banks to honor lawful obligations to redeem Federal Reserve Notes (FRNs) in lawful dollars.
National Credit Union Administration (NCUA):
Submitted a complaint specifically targeting Alliant Credit Union for failing to provide lawful dollars or proof of gold or silver reserves.
Securities and Exchange Commission (SEC):
Alleged securities fraud by the Federal Reserve and financial institutions due to the misrepresentation of FRNs as lawful dollars without convertibility.
Consumer Financial Protection Bureau (CFPB):
Filed complaints against financial institutions for engaging in deceptive practices related to FRNs and for failing to honor lawful money obligations.
Federal Bureau of Investigation (FBI):
Contacted regarding potential criminal activity involving systemic fraud in the issuance and management of Federal Reserve Notes.
Department of Justice (DOJ):
Reached out to request investigation into systemic fraud perpetrated by financial institutions and the Federal Reserve.

Federal Reserve Board of Governors
Contacted the Federal Reserve Board of Governors directly to highlight the systemic fraud involving Federal Reserve Notes and their lack of redeemability into constitutionally defined lawful money.
Financial Institutions

Communicated with the following institutions demanding lawful dollar equivalents or proof of reserves:
JP Morgan Chase
American Express
Porsche Financial Services
Capital One
Harley-Davidson Financial Services
Alliant Credit Union

Think Tanks and Advocacy Groups
Reached out to think tanks for advocacy and education, including:
The Cato Institute
The Mises Institute
Other constitutional think tanks focused on monetary reform and economic policy.

Media and Legislators
Contacted members of the media to raise public awareness about the financial fraud involving Federal Reserve Notes.
Reached out to state and federal legislators to advocate for monetary reform and enforcement of constitutional principles regarding lawful money.

Person or Firm 1

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NameAlliant Credit Union

Street Address11545 West Touhy Avenue

CountryUnited States

Zip / Postal Code60666

CityCHICAGO

State / ProvinceIL

Work Phone8003281935

WebsiteWww.alliantcreditunion.org

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Person or Firm 2

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Identifier TypeTicker Symbol

Ticker SymbolJPM

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NameJP Morgan Chase

Street Address383 Madison Avenue

CountryUnited States

Zip / Postal Code10179

CityNEW YORK

State / ProvinceNY

Work Phone2122706000

Websitewww.jpmorganchase.com

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Person or Firm 3

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Identifier TypeTicker Symbol

Ticker SymbolAXP

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NameAmerican Express Company

Street Address200 Vesey Street

CountryUnited States

Zip / Postal Code10285

CityNEW YORK

State / ProvinceNY

Work Phone2126402000

Email Addressir@aexp.com

Websitewww.americanexpress.com

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Person or Firm 4

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Identifier TypeTicker Symbol

Ticker SymbolP911

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NamePorsche Financial Services

Street AddressOne Porsche Drive

CountryUnited States

Zip / Postal Code30354

CityATLANTA

State / ProvinceGA

Work Phone8007677243

Email Addresspfs.customerservice@porsche.com

Websitewww.porsch.com/usa/accessorieandservices/porschefinancialservices

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Person or Firm 5

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Identifier TypeTicker Symbol

Ticker SymbolHOG

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NameHarley Davison Financial Services

Street Address1801 Alma Drive

Address (Continued)Suite 200

CountryUnited States

Zip / Postal Code75075

CityPLANO

State / ProvinceTX

Work Phone8886914337

Websitewww.myhdfs.com

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Person or Firm 6

Are you complaining about a person or a firm?Firm

Select the title that best describes the firm the complaint is about.Bank

Are you or were you associated with the person or firm when the alleged conduct occurred?No

Identifier TypeTicker Symbol

Ticker SymbolCOF

Are you a current or former Employee, Officer, Partner, or Employee Director of any entity you are complaining about?No

Are you a current or former Non-Employee Director, Consultant, Contractor or Trustee of any entity you are complaining about?No

Firm NameCapital One Financial 

Street Address1680 Capital One Drive

CountryUnited States

Zip / Postal Code22101

CityMC LEAN

State / ProvinceVA

Work Phone8006552265

Websitewww.capitalone.com

If the complaint is about an entity or person that has custody or control of your investments, have you had difficulty contacting that entity or person?Yes

Select the type of product involved in your complaint. Banking and consumer finance products

Please select the category that best describes the security product. Traditional Mortgages

Are you filing this tip under the SEC's whistleblower program? No

Are you submitting this tip, complaint or referral anonymously? Being able to contact you for further information or clarification may be helpful. No

Title Mr

First Name Zachary

Middle Name Travis

Last Name Moore

Street Address 371 Buckskin Court

Country United States

Zip / Postal Code 80138

City PARKER

State / Province CO

Mobile Telephone 3375179919

Email Address zachtravismoore@gmail.com

What is the best way to reach you? Phone

Are you represented by an attorney in connection with this matter, or would you like to provide your attorney's contact information? No

Select the profession that best represents you. Accountant