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BANKS Make Loans Disappear: Admissions of Guilt: Federal Police must investigate.

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Allegedly, either STORM FINANCIAL or the BANKS changed their financial records.

They then closed their offices in Brisbane & the Gold Coast, allegedly putting the rest of their money into Challenger Annuities.



Pam Longmore of Broadbeach, Gold Coast, Qld,  was yet another victim of this scam.



Pam had 2 or 3 Loans that she didn’t even know the details of, through Macquarie Bank, NAB, & the CBA. 

She was 63 yrs old & still had to work full time just to make ends meet.

Pam was incredibly demoralised.  Distraught.


After talking to a friend of hers about her situation, the friend introduced her to a Financial Advisor.

They had meetings at Pam’s home.

The Financial Advisor, Robyn Cleeland, allegedly claimed that she could re-structure the loans & get rid of them. 


Robyn Cleeland charged Pam around $3,500.  And in Pam’s opinion – never did much for it at all! 


By chance,  Pam was invited to dinner with a friend who is also a well respected business advisor, Mr Russell White, of the National Federation of Independent Businesses (NFIB).

At that dinner was Russell’s uncle, an experienced property investor.

During the course of the dinner, Pam’s predicament was discussed.  Pam was extremely distressed.

Russell agreed to help Pam, resulting in Russell going through all of her evidence & investigating thoroughly.

He asked Pam to give him all of her documentation from Storm Financial, the  CBA,  NAB  &  MACQUARIE BANK.

After a thorough investigation, Russell found that there was clear evidence that Pam’s documents were clearly fraudulent & had been tampered with.


He introduced her to a Brisbane Solicitor, Simon, and also used his Forensic Accountant, to record and detail her losses, as evidence.


They found that some of the fraud involved showed :  vastly inflated property values.

The actual value was around $350-380,000, yet it was detailed in the LAF as being $480,000 - $540,000.

Documents were discovered to be photoshopped! 

Income details were totally fabricated.

There was also a further loan of $270,000 with blatantly false information on the documents. 

This eventuated in Mr. White & Pam contacting ASIC to make a formal complaint.

ASIC then requested that Pam supply all her evidence to ASIC, as evidence, which she did.


ASIC investigations revealed a lot more, resulting in ASIC  looking into prosecuting the banks.

When ASIC formally decided to prosecute, 

Pam was then asked to be a key witness for the prosecution.



This also coincided with the first news reports & stories in the media.


Slater & Gordon (SLAG) then got involved


There was a meeting in Burpengary, Qld,  with SLAG and around 700 to 800  people, all Storm casualties.

SLAG allegedly did a deal with the banks to do a class action, but a conflict of interest arose.

At that meeting, there were some probing questions asked.

One of those questions was asked to SLAG by Mr. Russell White, that being : 

“ What percentage of the claim will SLAG be taking ?”     SLAG refused to answer!



After  ASIC, the newspapers & media had got involved, within 2 days Russell got what he described as a “panicked” phone call from the NAB Disputes Manager.


Russell then threatened  COURT ACTION against the banks involved.

He was then contacted by Lisa Pasade, NAB Lawyer, Head of Dispute Resolution.





The CBA loan still existed.  Pam didn’t realise that the loan was there!

Pam had been banking with the CBA for 20 yrs.

In Jan. 2010, the loan still showed on Pam’s bank statements.

Russell forced  CBA / STORM – through letters & court orders to agree to reduce the loan to under $129,000.




Russell then threatened to NAME those people involved in approving the fraudulent loans.


The next bank statement that Pam got was showing a monthly balance of $ 000,000.   ZERO.  Nothing. 

The bank had paid out the balance of $129,000  to  $ 000,000.


Pam & Russell checked with the CBA to make sure that this was correct.  It was.

Russell’s solicitor then received a letter from the CBA denying that the bank had ever had anything to do with it!


The CBA wanted a Confidentiality Agreement signed, but both Pam & Russell refused to sign it!


Pam has had to sell all of her shares just to survive.

Her shares, which she paid over $ 58,000 for – she only got $30,000 for.



Note : Pam’s cousin is a Mr. Ron Jelich, who also got ripped off in the Storm fiasco.



In my opinion :

This is amounts to an ADMISSION OF GUILT !

The Banks wiped these loans only to stop the real TRUTH coming out when it got to court.

If it had got to court then the fraudulent documents & fraudulent loans would have been revealed.

(There are hundreds & hundreds of other fraudulent loans now being exposed.)

They then tried to hush it all up & silence Pam & Russell by trying to get them to sign confidentiality agreements.


To the Government & all politicians :

The regulators are absolutely useless & are covering up & lying to you.  There IS SYSTEMIC evidence of Loan Application Fraud.

YOU MUST act now  to stop the criminal, fraudulent activities of the banks & other lenders. 

This is a crime against the Commonwealth, and a crime against the People of Australia.

Therefore, this must be investigated by the FEDERAL POLICE .

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  • doyla66
    doyla66 Thursday, 13 September 2012

    Have noticed of late Bank of Queensland has stopped sending my monthly statements to me ever since I questioned them about fees they put on the loans without informing us or what they exactly were for.

  • doyla66
    doyla66 Thursday, 13 September 2012

    Hoping our loan disappears too - sooner rather than later!

  • doyla66
    doyla66 Thursday, 13 September 2012

    Hi Wayne, Send it to the Politicians - enclose it with your template letter to Julia Gillard!!

  • doyla66
    doyla66 Thursday, 13 September 2012

    I agree with this - please send a copy of what you blogged to the PM & the Deputy PM plus those in opposition.

  • doyla66
    doyla66 Thursday, 13 September 2012

    Lovin' the SLAG!! :-)

  • doyla66
    doyla66 Thursday, 13 September 2012

    Send it on - let's get this happening :D

    Any silent seethers or "victims" of confidential agreements out there?
    Would you like to anonymously tell your stories?
    I bet there are some doozies!

  • doyla66
    doyla66 Wednesday, 19 September 2012

    I wish the NAB had provided me with compensation regarding my storm financial loans ....when I had my margin loan reviewed by the bank they had their own agenda and I received no financial support or formal feedback ..I am now seeking independent legal advice which is going to cost $10000 -$20000 just to open my file!

  • doyla66
    doyla66 Thursday, 06 February 2014

    Loan Application Documents

    How can one access the loan application documents? Answer: Thanks for ringing me Hanuman. We know how to achieve this. Let me know what you find on your copies. It will be grossly exaggerated I can assure you and easily explains why no-one in Australia was ever given a copy of their LAF by the banks or brokers on instructions from bankers. [email protected]

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