Consumer complaint received 2023-05-24
Company: JPMORGAN CHASE & CO.
State: OK
Product: Credit card or prepaid card
Sub-product: General-purpose credit card or charge card
Issue: Problem with a purchase shown on your statement
Sub-issue: Card was charged for something you did not purchase with the card

Complaint:
Amazon rewards by chase card was open in my name. After becoming aware of the account we paid the account and finally chase closed the account. We never signed up for this card. Chae closed the account due to idenity theft and kept all of the payments us made on an account that I didn't open but bc I didn't want my credit ruined i paid the account. I'm looking for a refund for all the monies paid on an closed due to idenity theft but is still charging my bank account and they have put this on my consumer report. If it's not idenity theft why did they choose the account. Why wasn't my money returned why are they still charging my bank account and his is this on my credit. Here 's my message to Chase Bank and Amazon rewards by chase bank card if the account did belong to me XX/XX/XXXXXXXX  Dear Sir or Madam : It has come to my attention after reading a publication titled Modern Money Mechanics published by the Federal Reserve XXXX XXXX XXXXXXXX that this bank and other banks within the Federal Reserve System may be perpetrating a fraud on the American public. I have some questions which need to be answered before I continue to make payments on or use my Bank credit card. My account number is ( listed below ). The following are my questions : 1. Was an individual depositor 's money deposit used in order to pay the vendors when I made charges to my account? 
XXXX. Was the money that was loaned created by my signing of the voucher when I made the purchase? 
XXXX. Is it your Bank policy to create checkbook money in amounts equal to the charges made by Bank customers? 
XXXX. Does this Bank have on file a contract signed by me with a bona fide signature? 
XXXX. Will your Bank provide a copy of the journal entry that is made when I charge to my account? 
Please answer these questions within ten ( 1O ) days so that I am not late in making my payment. If I do not hear from you, I will assume that what I have learned is the truth and will, therefore, rescind my contract with your Bank, as I do not wish to be a party to fraudulent practices. 
Thanking you in advance for your cooperation, I look forward to your immediate response to this most disturbing revelation. My hope is that you can dispel my fears and refute this troubling circumstance in which we find ourselves. 
When applying for my credit card I was under the impression that the credit card company would be loaning me depositors money which it received from depositors or investors I found case law published by the Federal Reserve XXXX XXXX XXXXXXXX that the credit card company created money that I borrowed by using that's you generated computer interies to my account using the credit and to take creating money out of thin air. In none of my transactions did any officer or employee notify me that the bank creates money out of thin air by journal entry after discovering this Im prepared to proceed against your company for bank fraud. The banks transactions relating to me like are missing 2 essential components to make a valid contract. you should be aware of the following USC 32 section 24 paragraph 7 confers upon a bank the power to lend its money and not credit and XXXX XXXX XXXX XXXX XXXXXXXXXXXX XXXX XXXXXXXX XXXX ; XXXX XXXX ( XXXX ) The court stated the provision referred to does not give power to a bank to guarantee the payment of obligations of others solely for their benefit and no such power incidental and the business of banking the banking and its own money not credit also see how would enforcer XXXX XXXX XXXXXXXX XXXXXXXX XXXX XXXX XXXXXXXX, XXXX. XXXX ; XXXX. XXXX ( XXXX ) The credit card company did not notify me that it created money by journal entry defined as bank credit to do so would have disclosed that there was no consideration from the bank or the credit card company to meet it has been shattered beyond controversy by the court that a National Bank under federal law being limited to its power and capacity can not lend its credit by guaranteeing the debt of another all such contracts and you're into by its officers or ultra VIRES and not binding upon the corporation. see merchants XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX ) also see XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX ( XXXX ) A lawful consideration must exist and be tendered to support the note if there is no full disclosure and there is no consideration then there is no contract. RETURN ALL MONIES PAID TO YOU CANCEL THESE CONTRACTS AND SIGNATURES AND REMOVE INFORMATION DEFAMING MY CHARACTER PLEASE AND THANK YOU VERY VERY MUCH Sincerely, XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Company response to consumer: Closed with non-monetary relief