After a federal judge refused to dismiss criminal charges against him, Michael Reed took revenge by electronically filing a UCC financing statement listing the judge as the debtor on a $3.4 million loan. Reed himself was listed as the secured party. The lien became part of the public record. Reed was prosecuted for violating a statute prohibiting harassment of public officials. Reed argued that he was innocent because the financing statement did not list collateraland would never have succeeded in perfecting a claim. Is this a good argument?

NOTE:

-This problem is from Chapter 16 of Textbook: Introduction to Business Law, 6th Edition Jeffrey F. Beatty; Susan s. Samuelson: Patricia Sanchez Abril ISBN-10:1-337-40434-1