Michael Tellinger faced Standard Bank in the Supreme Court of Johannesburg on the 13th Feb 2013. This was in response to Michael's Summons against the bank which includes 5 counts of fraud and more. The bank was represented by a gallery of 5 lawyers, the top litigating lawyer from Norton Rose, and one of the most senior advocates in South Africa -- Shem Symon. Standard Bank were trying their best to have the case thrown out based on a list of exceptions they drew to the Summons -- the exceptions were that the allegations were "vague and embarrassing". Because of the fact that Michael Tellinger represented himself as a "layperson" he was given lenience by the judge who refused the bank's request to have the matter thrown out -- but instead, gave Michael 30 days to submit a new Summons.
This was a big setback for STD bank. The next step is to ensure that the next set of documents is watertight and allows us to finally cross examine the bank in a trial. This has never happened in South African courts and this is what the bank cannot afford. Their fraud will be exposed in a cross-examination and questioning on the subject of SECURITISATION.
The bank has no legal right to start legal action against anyone if the loan/bond/contract has been sold into securitisation. They are no longer the owner of the contract or bond and are committing fraud by continuing to extort money from people for such loans or acting against people and causing their homes to be repossessed and auctioned off.
It is this kind of criminal activity that has destroyed the lives of millions of people around the world.

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