Consumer complaint received 2025-06-12 00:00:00
Product: Credit reporting or other personal consumer reports — Other personal consumer report
Issue: Identity theft protection or other monitoring services — Problem with product or service terms changing
Company: STATE BANK OF INDIA - NEW YORK BRANCH
State: CA

Complaint narrative:
CONSUMER COMPLAINT To : Consumer Financial Protection Bureau / State Attorney General / Federal Trade Commission Subject : Systemic Consumer Harm via Networked Zero-Sum Financial Scheme and Constructive Fraud Complainant ( s ) : The undersigned represents a member of the general public affected by the conduct described herein, and asserts this complaint on behalf of the public interest under standing afforded by the Consumer Protection Acts and analogous state provisions. 

I. SUMMARY OF COMPLAINT This complaint alleges a system-wide, institutional financial scheme operating through the Federal Reserve System , private commercial banks, mortgage institutions, and quasi-governmental regulatory bodies that collectively constitute a constructive fraud and zero-sum scheme targeting consumers. The apparatus unlawfully converts intangible credit into enforceable debt obligations without full disclosure, mutual consideration, or legitimate consent, violating core principles of contract, consumer protection, and equity law. 

II. KEY ELEMENTS OF FRAUD PRESENT Each of the five elements of fraud are satisfied in this scheme : False Representation Consumers are led to believe banks lend actual money, when in fact banks create ledger-entry credit ex nihilo through fractional reserve banking.

This misrepresentation is material and obscured behind legalese and omission. 
Knowledge of Falsity ( Scienter ) Financial institutions, attorneys, and regulators are fully aware that loan instruments are monetized and securitized, not " loaned '' in the traditional sense. 
Banks profit from both the issuance and resale of debt while withholding this knowledge from consumers. 
Intent to Deceive or Induce Reliance Consumers are deliberately not informed that their promissory notes are monetized as negotiable instruments with intrinsic asset value. 
Instead, institutions act as if the borrower is receiving value, when in fact the borrower is the value-generator. 
Justifiable Reliance Consumers sign under the assumption that the bank is parting with lawful consideration ( XXXX XXXX ), which it is not.

They rely on misleading paperwork and fiduciary silence from institutional actors. 

Injury and Damages Consumers are locked into repayment of a fictitious obligation.

Properties are foreclosed without proof of consideration, while securitized instruments are sold on secondary markets. 
The result is usurious extraction with no equitable remedy or title transfera lifetime of payments on property they never fully own. 

III. NATURE OF THE SCHEME : ZERO-SUM NETWORK This is not a localized scam, but a distributed legal-financial regime operating through : Federal Reserve and monetary issuance Fractional reserve lending Mortgage-backed securities ( MBS ) Securitization and collateralized debt obligations ( CDOs ) Federal Housing Administration ( FHA ) and government-sponsored enterprises ( GSEs ) Quasi-governmental foreclosure courts and servicers Every dollar loaned originates as debt. 
The system creates principal, but not interest, making default inevitable unless new debt is created. 
Thus, this is a mathematically rigged, zero-sum structure. 

IV. REMEDIES SOUGHT Full forensic audit of major financial institutions for false representations in consumer contracts Moratorium on enforcement of debt instruments where no lawful consideration can be proven Public hearings into the institutionalization of constructive fraud through the banking and legal system Affirmation of the public 's right to access and use their consumer credit without predation or gatekeeping V. CONCLUSION This complaint does not challenge the legitimacy of contract, property, or commerce. It challenges the weaponization of law to construct false obligations, hide asymmetries, and extract lifelong value under color of financial literacy.

The People are not debtors in a casinothey are producers, and they deserve redress. 

Respectfully submitted, XXXX XXXX XX/XX/scrub>XXXX XXXX XXXX

Company response to consumer: Closed with explanation