Consumer complaint received 2024-01-07
Product: Vehicle loan or lease — Loan
Issue: Managing the loan or lease — Loan sold or transferred to another company
Company: Foursight Holding LLC (TX)

FOURSIGHT CAPITAL LLC PRINCIPAL XXXX XXXX XXXXXXXX. On XX/XX/XXXX, I, the consumer XXXX XXXX signed a promissory note, giving value to the instrument that the dealership sold to FOURSIGHT CAPITAL LLC ( bank ) for payment & I received an automobile from XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX. FOURSIGHT CAPITAL LLC received the promissory note as a security with no limitations on trading the securities for additional revenue. I the consumer was not a part of nor aware of the transaction between XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX FOURSIGHT CAPITAL LLC. FOURSIGHT was made an assignee to the contract ( promissory note/security ). Per the law, I am a bona fide purchaser due to the fact that I had no disclosures of such transaction ( s ). FOURSIGHT CAPITAL LLC then mislead I, the consumer, into believing I owed an alleged loan to the bank for financing the car, however, by law is not true - as evidenced in 16 CFR 433.1. 

I never received any form of funds from the bank in order to use as proceeds to acquire the vehicle. I have no accounting records whatsoever that prove FOURSIGHT CAPITAL LLC ever gave me any alleged loan for the purpose of obtaining personal property. I also gave up my owned automobile as collateral worth {$1500.00} due to being deceived that it was a requirement to obtain the automobile I desired. The consumer credit transaction was solely between I, the consumer, & the dealership. This is also evidenced by XXXX XXXX XXXX XXXX ruling in XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXX. Once I became aware of the many violations & frauds that had/has taken place, I began to assert my rights as the bona fide purchaser & natural consumer. I have reached out on numerous occasions requesting FOURSIGHT provide proof of my account ENTIRE bookkeeping ledger, including the private side which shows whom is funding who, FOURSIGHT will not comply. I have requested that FOURSIGHT cures the error & inaccuracy in regard to billing, but the will not. I sent a valid negotiable instrument per Uniform Commercial Code Article 3 along with a memorandum & instruction, FOURSIGHT held on to the instrument for XXXX weeks until I inquired about it, then they tried to incorrectly process the instrument as a check which reflects in my transaction history but told me they could not process the item. I KNOW this is a lie and deceit, the balance sheet of the ledger is not balanced for my account. FOURSIGHT also did not return to me the instrument, they kept it. This is direct violation of U.C.C. 3-601 through 604. FOURSIGHT has made no attempt to work with me in regard to this matter though I have clearly stated on numerous occasions that I will gladly " pay '' the bill once we are able to clear up the accounting in question. 

FOURSIGHT CAPITAL LLC continues to threaten repossessing my personal automobile without a perfected lien on the vehicle which is evidenced by searching the XXXX XXXX XXXX website XXXX XXXX, this is also against the law & theft. FOURSIGHT CAPITAL LLC is engaged in securities fraud, beginning with the original promissory note signed by me the original creditor & they are still carrying out this debauchery after being caught. I have also requested FOURSIGHT rescind the security interest and proceeds arising from my promissory note & rightfully mine. They will not comply. After exposing FOURSIGHT for their securities fraud, they then locked me out of my public account, but still attempt to enforce me " gifting '' them additional payments each month. Yet FOURSIGHT will not accept my security interest coupons that I have submitted to them. They also have not sent me any form of 1099B for my own income tax filing purposes. FOURSIGHT CAPITAL LLC ( sponsor/servicer ) moves their notes to the FOURSIGHT XXXX LLC ( depositor ), then to FOURSIGHT XXXX XXXX XXXX XXXXXXXX ( issuing entity ) which is against the Securities and Exchange Commission rule 192. The indenture trustee is XXXXXXXX XXXX XXXXXXXX XXXX Americas in which they are not performing their fiduciary duty as trustee over the principal account, this is a breach of contract of the Indenture Trustee Act of 1939 and violates antitrust law. This has become a federal matter in which I must assert my rights & claims against this villainy. Please assist with investigating & resolving this situation. I have also notified the SEC complaint # XXXX, XXXX XXXX XXXXXXXX. complaint # XXXX & will place a report with the FTC as well, & any other additional federal governing agencies to STOP this fraud from continuing.