Consumer complaint received 2024-03-24
Product: Credit card — General-purpose credit card or charge card
Issue: Other features, terms, or problems — Problem with balance transfer
Company: AMERICAN EXPRESS COMPANY (NY)

I am an individual, located in XXXX XXXX state, and the intended Beneficiary, completed an application ( online ) for your office to act as a nominee, for the sole purpose of acting as a securities transfer agent to enable the activation and access to a trade and/or credit line, through your company, to the account of the entity with your offered American Express XXXX XXXX XXXX XXXX XXXX 

As the registered owner, signatory and benefactor to this entity, it appears that your record incorrectly reflects credit abandonment. To correct your record, and any false and invalid claim generated thereby, it is iterated that the application, if deemed gifted, is gifted with the inherent intent, and herein stated intent, that the gift is to the party of intent, I, Beneficiary. 

Your presumption that credit, as a usufruct, is to be diverted instead of given, to the customers account is hereby rebutted with prejudice. Without the customer accounting of your enumeration of data, including the intent that I, be and is the intended credit recipient, as stated, your claim of abandonment is a false claim and securities fraud, now known. 

The application submitted on behalf Beneficiary, XXXX, Applicant, pursuant to [ XXXXXXXX XXXX XXXX XXXX XXXXXXXX - Uniform Commercial Code Article 5 - Letters of Credit ], in accord with Article 5, section 5-102 ( a ) ( 2 ), is the person at whose request or for whose account a letter of credit is issued. ( The term includes a person who requests an issuer to issue a letter of credit on behalf of another if the person making the request undertakes an obligation to reimburse the issuer ).

I submitted, on behalf of Applicant, request for issue of the letter credit, thereby making Applicant your companys, American Express Company AMEX, ( undisclosed ) investor. 

Your correspondence, received thereafter, informed the undersigned XXXX, XXXX XXXX and Authorized Signatory that the Application was denied. 

On XX/XX/XXXX, name of agent, for AMEX, received a negotiable instrument, as a registered security in certificated form. You present neither consideration nor fair exchange of value from the issuance of credit requested by Applicant, nor the tendered security. 

The endorsed agreement delivered, and with authorization for AMEX to run the credit of the Benefactor, is commercial confirmation that the Applicants security, benefactor through the undersigned, is indeed active, held for, or traded by, AMEX.

This is notice informs AMEX that the application ( security ) submitted only for credit to the Applicant / Beneficiary, is an account receivable for the Beneficiary, and/or nominated person, from whom Applicant / Beneficiary is wrongfully omitted. and sold into a trust, while making money on the secondary market each month off my application/ security. Because AMEX is doing this AMEX has now inadvertently made me an investor. 

Your companys XXXX and XXXX are on file with the U.S. Security Exchange Commission. They reflect that your qualified agents are legally required to properly report your administration of the credit and eligible investments, ( i.e., application for letter of credit ), a negotiable instrument for transfer into a deposit account. These are obligations of the United States by pledge of the United States. I am, an intended Beneficiary and an investor ( undisclosed ) in your company, American Express Company. 

As a silent investor, the Applicant submitted to American Express Company its negotiated instrument as a registered security in a certificated form on behalf of the XXXX, XXXX. 

You are instructed to provide the Applicant ( XXXX ) with an open-ended extension of credit, to the American Express XXXX XXXX XXXX XXXX XXXX XXXX an identified, but undisclosed American Express Company investor XXXX You are further instructed to provide the associated and assigned XXXX  number confirming investment status to permit investor account access. Though you indicated that my application was denied based on my credit score, please confirm the factor that determined this deny, because my SS # and Authorization ( signature ) were submitted and turned into a security, the application is transferable, my application is still open, " Application means an oral or written request for an extension of credit that is made in accordance with procedures used by a creditor for the type of credit requested ''. Please proceed accordingly and honor my request.

Your disagreement is your legal obligation to return the security, in its original form, and the signature on the agreement ( or contract ), in its entirety is rescinded, nunc pro tunc, immediately. 
If American Express disagrees with these facts, you are notified that, I am requesting that AMEX return my security in its original form, as I will have no choice to rescind my signature, as I provided private information on that instrument and having it traded on the secondary market without personal value received is unacceptable. 

Please move forward with my request promptly as a new and silent investor of AMEX I am looking forward to a lasting relationship.