Racket Clause Samples

Racket. And with reference again to ▇▇▇▇ Mortgage and its collapse / shutdown in 1997, how can the Provincial Minister responsible today conceivably not know that VERSATILE / UPTON are prima facie engaging in the same obviously illegal techniques and practices that had cost ▇▇▇▇’▇ investor-victims some $222 million when it all fell apart? What does the Minister think ▇▇▇▇▇▇▇▇▇ / ▇▇▇▇▇ is doing with the illegal interest-in- advance other than using it to fuel and leverage yet another pyramid / Ponzi-scheme as a balanced fraud between nominal borrowers and nominal investors? $62,820 accounted for as payments-in-advance Another special criminal nexus occurs with respect to the $62,820 that was paid or withheld from the nominal proceeds as payments in advance. It is clearly a fraud against you, but it is also a significant fraud against the financial markets. The only reference that I could find to it is under the BAYFIELD OFFER OF FINANCING letter dated July 11, 2017: OFFER OF FINANCING - SCHEDULE ADDITIONAL TERMS/CONDITIONS 1) Mortgage to be prepaid from proceeds for 12 months. The rate defined by the quasi-actual / constructive transaction where you received $737,180 (i.e., $800,000 minus just the $62,820 of payments-in-advance) and were required to pay another $800,000 on the maturity date in one year’s time, was 8.52%, and not 7.45% as claimed and declared under the registered mortgage. The interest rate is 11.3% when the other $20,000 or so of nominal loan fees are factored in. It is such an obvious and naked fraud against the financial markets. Otherwise anyone could register, say, a $1 million principal amount security, on the basis of a net $1 loan and an undisclosed $999,999 interest reserve account.39 And most of the information legally required to be declared and disclosed is regardless rendered near meaningless under the fact of the interest-reserve or pre-paid-principal and interest (which is an absurdity regardless) device, and completely so where, as here, the device is concealed and denied by omission from the registered security. The mortgage on its face declares that the required payments are $5,235.00 per month, and that the interest calculation period is “Monthly”, when in fact all of the interest- called-interest under the contract was both calculated and received / converted by VERSATILE / UPTON (under the omitted / unregistered side-agreement), and as a conversion of and from the falsified security itself. If the mortgage as sworn and registere...