Comments on: SEC Charges Former VP Catherine L. Kissick of Colonial Bank for Role in Securities Fraud Scheme https://4closurefraud.org/2011/03/02/sec-charges-former-vp-catherine-l-kissick-of-colonial-bank-for-role-in-securities-fraud-scheme/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 17:14:46 +0000 hourly 1 https://wordpress.org/?v=7.0.3 By: pamela https://4closurefraud.org/2011/03/02/sec-charges-former-vp-catherine-l-kissick-of-colonial-bank-for-role-in-securities-fraud-scheme/#comment-22807 Fri, 04 Mar 2011 18:59:02 +0000 https://4closurefraud.org/?p=19678#comment-22807 ?what is the punishment?? for all who touched the files. even the robots. we could recycle them . or use them instead of judges governors senators.

]]> By: l vent https://4closurefraud.org/2011/03/02/sec-charges-former-vp-catherine-l-kissick-of-colonial-bank-for-role-in-securities-fraud-scheme/#comment-22674 Thu, 03 Mar 2011 19:13:36 +0000 https://4closurefraud.org/?p=19678#comment-22674 In reply to Tim Bryant.

I agree, they were soo deceptive about what they did, that alone is a crime. Esp. when many millions of us have clear proof we were scammed AT THE ORIGINATION and a pay-off letter from a second bank, to prove that bank charged us a nominal fee and paid off the original note and mortgage and all liens on the property so they could create the collateral they needed to join in on Ponzi Scheme robbery up on Wall Street. That deception is yet another crime because they covered that up in many cases with an all new PIN#, unknown to the homeowner that this transaction took place in our names AND THEN FRAUDULENTLY INDUCED ANOTHER MORTGAGE. That is what they did is not a valid argument because they did it with the intent to permanantly harm us for their own fraudulent gains and they did it in OUR NAMES.. Unfair and Deceptive practices that should alone be prosecutable under the RICO act. Though that is not the least of their crimes.

]]> By: Tim Bryant https://4closurefraud.org/2011/03/02/sec-charges-former-vp-catherine-l-kissick-of-colonial-bank-for-role-in-securities-fraud-scheme/#comment-22642 Thu, 03 Mar 2011 13:40:27 +0000 https://4closurefraud.org/?p=19678#comment-22642 It still amazes me how the SEC and the courts can take an action in court, or out of court, without involving the borrower as a necessary party. We maintain and secure the collateral for the transaction. Without the collateral to a contract, there should be no ability to prove an actual contract, showing a debt obligation, even exists. I think this fact proves that once your mortgage is securitized and sold, your obligation is extinguished, as you are not a necessary party to an action involving an MBS.

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