Securities Fraud

1. As defined in 15 U.S.C. §78c 10: Failure to disclose that the promissory note is a Security.
It is not a promissory note. A promissory note cannot exceed the life span of nine months.
Failure to disclose the promissory note is not a note but a security constituting lack of “full
disclosure” required in The Truth in Lending Act which gives an individual the right to
signature rescission. Failure to disclose is constructive fraud and fraud vitiates all contracts.
The National Bank Act specifically states that National Banks and subsidiary Mortgage
Companies cannot hold a note, period. Securitization of an individual’s promissory note is
constructive fraud, fraud by conversion, actual fraud and identity theft. Title 18 §§ 472, 473,
493, 494 and 513 is making, selling, uttering, possessing, publishing as true, altering, forging or
falsifying as true any note, document and/or security is criminal intent each with ten to twenty
years in prison and/or fines, knowledgeable, willful, intent to defraud, fraud in the factum and
the basis for 200 times penalty. Pacific Mutual Life Ins. Co. v. Haslip, 499 U.S. 1 (1991).
Admitted guilt regarding Title 18 §§ 472, 473, 493, 494 and 513 crime. Isleib sees no proof to
the contrary.
1. Title 18 USC § 472 uttering counterfeit obligations or securities. Whoever, with intent to
defraud, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or with like
intent brings into the United States or keeps in possession or conceals any falsely made, forged,
counterfeited, or altered obligation or other security of the United States, shall be fined under
this title or imprisoned not more than 20 years, or both. Isleib sees no proof to the contrary.
1. Title 18 USC § 473 Dealing in counterfeit obligations or securities. Whoever buys, sells,
exchanges, transfers, receives, or delivers any false, forged, counterfeited, or altered obligation
or other security of the United States, with the intent that the same be passed, published, or used
as true and genuine, shall be fined under this title or imprisoned not more than 20 years, or
both. Isleib sees no proof to the contrary.
1. Title 18 USC § 493 Bonds and obligations of certain lending agencies. Whoever passes,
utters, or publishes, or attempts to pass, utter or publish any note, bond, debenture, coupon,
obligation, instrument or document knowing the same to have been falsely made, forged,
counterfeited or altered, contrary to the provisions of this section, shall be fined under this title
or imprisoned not more than 10 years, or both. Isleib sees no proof to the contrary
1. Title 18 USC § 494 Dealing in counterfeit obligations or securities… Whoever utters or
publishes as true or possesses with intent to utter or publish as true, any such false, forged,
altered, or counterfeited writing, knowing the same to be false, forged, altered, or
counterfeited…, shall be fined under this title or imprisoned not more than 20 years, or both.
Isleib sees no proof to the contrary.
1. Title 18 USC § 513 Securities of the States and private entities. Whoever makes, utters or
possesses a counterfeited security of a State or a political subdivision thereof or of an
organization, or whoever makes, utters or possesses a forged security of a State or political
subdivision thereof or of an organization, with intent to deceive another person, organization, or
government shall be fined under this title or imprisoned for not more than ten years, or both.
Isleib sees no proof to the contrary.
All mortgage contracts and agreements and presentments are expressly induced by Fraud, Coercion,
Extortion and Failure to Disclosure Contracts and violations of 18 USC § 373 and RICO 18 USC §§
1956, 1957, 1964 upon Santos.
 1. Isleib agrees they created unsupported commercial documents that were relied upon by them
and/or third parties to deprive Santos of property.
They have used the US Postal Service and commercial electronic media to send fraudulent unsupported
commercial documents that were relied upon to deprive Isleib of property by a fraudulent presumption
of pledge that constitutes Bank and Mail Fraud.
1. They have used fictitious names on commercial documents to deprive Isleib of property.
1. Under the Federal Deposit Insurance Act (FDIA) under direction of the Federal Deposit
Insurance Corporation (FDIC) the contract had to disclose the insurance company information
and the fact that if Santos were to default, the mortgage company could collect damages from
the FDIC insurance – none of this has been disclosed and constitutes yet another violation.
Santos demands proof of insurance disclosure in his mortgage contract. Any account in a bank
is a Demand Deposit account and it is insured by the FDIA under the FDIC and Title 12.
TITLE 15 U.S.C. SECTION 78c 10
The term “security means any note……………., but shall not include currency or any note, draft,
bill of exchange, or bankers acceptance which has a maturity at the time of issuance of not
exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is
likewise limited.
TITLE 15 > CHAPTER 2B > § 78l
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§ 78l. Registration requirements for securities
How Current is This?
(a) General requirement of registration
It shall be unlawful for any member, broker, or dealer to effect any transaction in any security (other
than an exempted security) on a national securities exchange unless a registration is effective as to such
security for such exchange in accordance with the provisions of this chapter and the rules and
regulations thereunder. The provisions of this subsection shall not apply in respect of a security futures
product traded on a national securities exchange.
(b) Procedure for registration; information
A security may be registered on a national securities exchange by the issuer filing an application with
the exchange (and filing with the Commission such duplicate originals thereof as the Commission may
require), which application shall contain—
(1) Such information, in such detail, as to the issuer and any person directly or indirectly controlling or
controlled by, or under direct or indirect common control with, the issuer, and any guarantor of the
security as to principal or interest or both, as the Commission may by rules and regulations require, as
necessary or appropriate in the public interest or for the protection of investors, in respect of the
following:
(A) the organization, financial structure, and nature of the business;
(B) the terms, position, rights, and privileges of the different classes of securities outstanding;
(C) the terms on which their securities are to be, and during the preceding three years have been,
offered to the public or otherwise;
(D) the directors, officers, and underwriters, and each security holder of record holding more
than 10 per centum of any class of any equity security of the issuer (other than an exempted
security), their remuneration and their interests in the securities of, and their material contracts
with, the issuer and any person directly or indirectly controlling or controlled by, or under direct
or indirect common control with, the issuer;
TITLE 15 > CHAPTER 2B > § 78m

§ 78m. Periodical and other reports

(a) Reports by issuer of security; contents
Every issuer of a security registered pursuant to section 78l of this title shall file with the Commission,
in accordance with such rules and regulations as the Commission may prescribe as necessary or
appropriate for the proper protection of investors and to insure fair dealing in the security—
(1) such information and documents (and such copies thereof) as the Commission shall require to keep
reasonably current the information and documents required to be included in or filed with an
application or registration statement filed pursuant to section 78l of this title, except that the
Commission may not require the filing of any material contract wholly executed before July 1, 1962.
Title 15 U.S.C. Section 78(o)(d)
(d) Filing of supplementary and periodic information
Each issuer which has filed a registration statement containing
an undertaking which is or becomes operative under this subsection
as in effect prior to August 20, 1964, and each issuer which shall
after such date file a registration statement which has become
effective pursuant to the Securities Act of 1933, as amended [15
U.S.C. 77a et seq.], shall file with the Commission, in accordance
with such rules and regulations as the Commission may prescribe as
necessary or appropriate in the public interest or for the
protection of investors, such supplementary and periodic
information, documents, and reports as may be required pursuant to
section 78m of this title in respect of a security registered
pursuant to section 78l of this title.
Title 12 U.S.C. Section 92(a)(d)
Banks and Banking
(d) Prohibited operations; separate investment account; collateral for certain funds used in conduct of
business
No National Bank shall receive in its trust department deposits of current funds subject to check
or the deposit of checks, drafts, bills of exchange, or other items for collection or exchange purposes.
Funds deposited or held in trust by the bank awaiting investment shall be carried in a separate account
and shall not be used by the bank in the conduct of its business unless it shall first set aside in the trust
department United States bonds or other securities approved by the Comptroller of the Currency.
Title 12 U.S.C. Section 93(a)
Forfeiture of franchise; personal liability of directors
If the directors of any national banking association shall knowingly violate, or knowingly permit any of
the officers, agents, or servants of the association to violate any of the provisions of his chapter, all
the rights, privileges, and franchises of the association shall be thereby forfeited. Such violations shall.
However, be determined and adjudged by a proper district or Territorial court of the United States in a
suit brought for that purpose by the Comptroller of the Currency, in his own name, before the
association shall be declared dissolved. And in cases of such violation, every director who
participated in, or assented to the same, shall be held liable in his personal and individual
capacity for all damages which the association, its shareholders, or any other person shall have
sustained in consequence of such violation.
(b) Civil Money penalty
(4) Maximum amounts of penalties for any violation described in paragraph (3)
…….Summary of Paragraph 3 Title 12 U.S.C. Section 93……
[ any national banking association which, and any institution-affiliated party (within the meaning of
section 1813(u) of this title) with respect to such association who – ]
(A) Knowingly –
(i) Commits any violation described in paragraph (1)………
(ii) Breeches any fiduciary duty
(A) In the case of any person other than a national banking association
Is subject to a penalty in an amount to not exceed $1,000.000
Title 12 U.S.C. Section 1813((u)
(u) Institution-affiliated party
The term “institution-affiliated party” means.
(1) any director, officer, employee, or controlling stockholder (other than a bank holding company) of,
or agent for, an insured depository institution;
(2) any other person who has filed or is required to file a change-in-control notice with the appropriate
Federal banking agency under section 1817 (j) of this title;
(3) any shareholder (other than a bank holding company), consultant, joint venture partner, and any
other person as determined by the appropriate Federal banking agency (by regulation or case-by-case)
who participates in the conduct of the affairs of an insured depository institution; and
(4) any independent contractor (including any attorney, appraiser, or accountant) who knowingly or
recklessly participates in.
(A) any violation of any law or regulation;
(B) any breach of fiduciary duty; or
(C) any unsafe or unsound practice,
which caused or is likely to cause more than a minimal financial loss to, or a significant adverse
effect on, the insured depository institution.
Title 15 U.S.C.
Sec. 1611. Criminal liability for willful and knowing violation
Whoever willfully and knowingly
(1) gives false or inaccurate information or fails to provide information which he is required to
disclose under the provisions of this subchapter or any regulation issued there under,
(2) uses any chart or table authorized by the Board under section 1606 of this title in such a manner as
to consistently understate the annual percentage rate determined under section 1606(a)(1)(A) of this
title, or,
(3) otherwise fails to comply with any requirement imposed under this subchapter, shall be fined not
more than $5,000 or imprisoned not more than one year, or both.