GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
632334

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Angry Letters from Victims of Lazy ASIC re Sterling Collapse # 8

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
  • Font size: Larger Smaller
  • Hits: 94
  • 0 Comments
  • Print

Re – Sterling First Group Collapse & ASIC’s Negligence

 

Dear Mr Shipton,

 

My husband and I are victims of the Sterling First Group financial collapse.

 

My husband wrote to you recently in relation to the Sterling First Group’s collapse in particular how ASIC’s utter neglect resulted in us entering into a Life Lease arrangement with Sterling First Group at a time that ASIC were fully aware that the Sterling First Group were under investigation by ASIC.

 

I am writing to you not to repeat what my husband has already said but to let you know the significant impact this has had on us and our family, emotionally/physically and financially.

 

We have a large family – 5 children and 13 grandchildren all living within 2km of us and it was for this reason that we moved from Morley WA (30km from where we now reside) and entered into the life lease with Sterling assuming we would be near our family for the remaining years we would be alive.

 

Our dream of living out our retirement close to our children and grandchildren has been shattered, we can’t afford to be paying rent out of our pensions, we don’t know if we are going to be evicted and if we are evicted where we will live, we are anxious and stressed about what happens to us now which is creating health issues we didn’t have before.

 

My husband feels he has let me and our family down and is blaming himself for this when in actual fact the blame is with ASIC’s neglect and total lack of open communication to warn people such as us of the situation within Sterling First group before we committed to the Life Lease in April 2018.

 

At the meeting recently held in Mandurah WA on 21 June of life lease tenants and owners it broke my heart to see so many retirees totally distraught and bewildered as to what the future holds for us if this wrong is not put right.

 

We are now in your hands hoping that you will rectify this wrong that should have been dealt with 3 years ago.

 

Yours sincerely

 

Last modified on
Rate this blog entry:

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Saturday, 21 September 2019