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BFCSA: Angry Letters from Victims of Lazy ASIC re Sterling Collapse # 39

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Att: Mr James Shipton (Chairman)

 Subject: The Sterling Group collapse

 

Dear Sir

 

I am writing to you to let it be known that I, as a concerned citizen, expect ASIC to take all necessary steps to bring to justice the perpetrators of the Sterling Group scheme.

 

The scheme was clearly designed to fleece stake holders of their collective contributions.  This was carried out in broad daylight for all to see.

 

Not only should the perpetrators be brought to account there needs to be some Commission or Government funds available to compensate the stake holders for their losses.

 

It is hard to imagine that on the beginning of your retirement with no real earning capacity left to recover from such a financial hit you find yourself in this predicament.

 

ASIC has not got a good reputation or track record in prosecuting corporate felons maybe this could be the opportunity to show the public that ASIC can achieve some tangible good.

 I conclude with the old adage “Justice delayed is justice denied”     

 

Members of the public care for these people.  They should not have to wait whilst you twiddle thumbs, nor wait years for court cases and no money.

The compensation asked for should be paid up next week due to their predicament.

Yours 

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Guest Tuesday, 17 September 2019