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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.


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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.

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BFCSA: ASIC will face the music at the Senate Inquiry with decent MPs ready to pounce early next year

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ASIC have systematically and maliciously placed Consumers in harm's way for the past 14 years!  The allegations and submissions show, this was more than negligence.  We need all ASIC Chairmen to be questioned on why they systemically ignored consumer interests, on whose best interests were they acting upon.  Their bank accounts need to be tendered as evidence.............................

By ignoring the cries for help from Consumers, the obvious evidence of fraud,  ASIC will condemn thousands of Australians to LOSE THEIR HOMES, whether full docs or low docs.  ASIC has nowhere to run and nowhere to hide.  Every MP in the country needs to get a  grip on this phenomenon.

BFCSA Members will take time over Christmas to reflect as a group on how we can change the status quo of the regulatory and regular rejection of consumer complaints against BANKS & ALL LENDERS.  Every Loan has been tampered with, after it was presented by FAX to the banks.  The Banks have 85% of the toxic loan market share and made obscene profits along the way.  The CEO's and Chairmen of the Major Banks intend to retire with the "I am outta here" wave and rewarded by millions of dollars in bonuses for a "job well done."

Our future generations have been victim of the greatest property bubble this country has ever experienced.  ASIC told a BIG FURPHY to Parliamentarians last year: "There are no systemic issues..........................we only have 17 cases......"  What codswallop!  ASIC and the Banks are treating Consumers and future generations as sub moronic.  

How does ASIC explain that COSL is throwing out hundreds and hundreds of cases saying: "FRAUD is present....we cannot help you....we have no forensic ability.......SO SAD....................BYE BYE!

"Oh this Fraud is before 2007 so it does not matter......go away and lose your home........................"

FOS is saying in EVERY CASE:  YES FRAUD (thousands) BUT we limit our workload to only looking at 2007 onwards.  This has been going on for more than a decade with ASIC as the Overseer with Blinkers. 

The statute of limitations on fraud is 20 years.  ASIC’s sustained malfeasance in public office and worse, is a cover-up of monumental proportions and one that will lock out the following generations from ever owning their own home.

THE AUSTRALIAN DREAM OF HOME OWNERSHIP has been shattered due to the actions of Greedy Bankers and their public servant mates.  

BFCSA will be lifting the lid on even more skeletons rattling in the regulatory cupboard and there shall be no mercy to anyone remotely involved.

We have uncovered the greatest crime in banking in the history of our nation.  Our numbers are continuing to grow as more people come forward.  And yes now the Banks are trying to bleat: "oops the files are missing, shredded, no wet ink copies etc" same as in America five years ago.

Without the files we will be launching class actions: Bank on IT!  That is a key indicator banks cannot prove these loans were the result of prudent banking practices and even more sinister are the patterns of criminal activity to ensure no victim ever received a copy of their LAF ta the point of signing and ASIC stood by and watched the Ringleaders of the Gang of Four and their Circus Masters at the peak of their uniformly best of performances.

Someone will be paying the Piper because we now know how the Biggest bank Heist in our History.....the Crime of the Century came into being...............It is Mr & Mrs Citizen's role to come forward and check every mortgage ever written in Australia with one simple questions: "Please Sir (mostly Sirs) can I have a copy of my loan application form (11 pages) that was faxed to you, the Bank.  I am entitled to a copy in law.  My signature is thereon and also my financial details.  Our legislators contemplated I would get my copy at point of signing to safeguard and protect me from fraudulent bank practices.   This email address is being protected from spambots. You need JavaScript enabled to view it.

From my desk - read the comments from the aggrieved coming in daily, which we will publish to ensure we have an informed public and some serious open and accountability put back into a corrupt system of banking and financial products and services.

Wait until the whistleblowers come out from under the threats.....................................all will be revealed.

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  • doyla66
    doyla66 Saturday, 14 December 2013

    Missing, Lost. "After extensive searching we could not locate the hard copy or electronic file" Nab quote. 3 weeks of extensively searching. Can you believe that. What took so long? Nab you are rogues. Its called hit delete for electronic copy and SHRED for the hard copy. What a lot of rubbish and guess what FOS took Nab's word. This lost file was the missing piece to the puzzle which showed Nab's fraud to the max although the rest of their sordid and ugly files sure made Nab's assessors look idiots. Nab even got confused as to the parties to the alleged loan. Foolish Nab had my daughter married to my son and of course Nab never contacted us to verify anything. We did not find out this juicy bit of info until much much later. Hidden!!!!!

  • doyla66
    doyla66 Sunday, 15 December 2013

    According to sources legislation passed allows Banksters to destroy your originals

    Yes this is hard to believe I know but according to well versed sources our dirty Banksters have cut a deal with political dim witts to allow them to destroy your original documents and replace them with system electronic copies. I have just been informed that our politicians in their infinite wisdom found it acceptable to allow our salt of the earth honest Banks to get rid of customer originals (wet ink signed copies) and scan everything into their computers for records. Nothing untoward here just purely for convenience of course when you have any form of dispute how can you now prove that the signature on that copy is really yours, photoshop can do amazing things. I just cant believe our politicians are that stupid or was this all part of the plan from the start. I know it sounds like a major conspiracy theory but how deep does this asset grab go is it just the Banks or are the Government just as much part of the game. Everything is pointing to setting up a massive sting on the greater population the Banksters perpetrated the crime and our Government helping to cover the tracks with ridiculous decisions to take the individuals only form of verification away THEIR SIGNATURE ON THEIR DOCUMENTATION. A scanned copy of any nature can easily be tampered with is that the reason for Banks making a request of this kind, the majority of a file could be electronically stored but the pages written in your own hand and signed in wet ink MUST BE RETAINED IN PAPER COPY. Crooks Banks shame on you for making such a request its as bad as taking a vacuum cleaner to a murder scene and idiots Government how could you pander to such a request, this legislation must be rescinded immediately. A request of this nature can only be for the good of one party THE BANKSTERS and I still find it hard to absorb that any contract can even be considered valid if the original signed dated and approval by both parties is not retained.
    It should be considered that any loan that has had the original documentation destroyed has been done that way for unlawful means, the customers involved should have the opportunity to view their entire file, should that file contain information that is not completely true and correct that mortgage should be dissolved. As we have all found as victims of low document loans most or all of the information was produced and manipulated to suit the loan requirement and eligibility, not the real information that we had supplied. By being allowed to use scanned copies, information can be left out altered again from what we have supplied or manipulated in any way to suit the Banksters requirements then document altering programmes can be used to neatly place our (or at least what looks like our) signatures into place. This is just going to add another element for investigation for the Senate Committee to look into, in the time between now and the investigation though this practice should be stopped immediately. It is yet to be made clear exactly when this was legislated and by whom but it is certainly a poor decision that needs investigation and removal, it advantages no one bar a crook looking for a way of manipulating things to their own advantage.

  • doyla66
    doyla66 Sunday, 15 December 2013

    yes, broker has destroyed ALL our files... and we saw stacks of folders just relating to us on his desk at the time. He says he was told to destroy them when he stopped being a mortgage broker but won't say by whom. We later discovered that he is a BDM! He is bankrupt today.

    RAMS and Latrobe say our documents are commercially sensitive, told us this and FOS/COSL.. so we do not have all of our Loan Application Forms. I do manage to have a couple of wet ink originals (broker used carbon paper) when broker left them behind (accidentally by the looks) Comparing the Broker faxed copy to lender laf which we received 5 years later, to the originals we have, you can clearly see information had been added after our signatures were obtained.

  • doyla66
    doyla66 Sunday, 15 December 2013

    Silly Brokers still sucked in by Banksters

    We've asked both brokers politely to hand over the wet ink copies.
    One, a former finance broker, said "it's a long time ago" and "I only did a few loans" but still hasn't handed over the originals. Will leave that to the legal eagles and the police to sort out. Not really important as the white out and over writing/unsigned alterations can be seen clearly and very little of any LAF documents were completed by the borrower. Lender: Tonto / Firstmac
    The other broker has left the originating company. Requested the wet ink copies twice from there - no answer to date. No problem there either as the LAF complicated and clever stuff has been uncovered from other documents retained by borrower. A complete mini-drama ruse and paperwork intentionally sent to wrong address was set up by the BDM/Lender to manipulate the normally careful borrower into signing the agreement, which was also an illegal "contract". More fun and games for legal eagles and police.
    I agree with Sean, no Australian government has a vested interest in ensuring consumer rights are observed and Banksters get their just desserts behind bars at the prison cafeteria. Quite possibly some politicians and bureaucrats enjoy Bankster company so much they won't mind sharing cells with the "elite" of the prison culture!
    Only a few decent politicians will be hailed as heroes of this War. Based on what we've observed, the majority will be questioned, shamed and named, and even replaced in by the next election by more ethical and decent representatives who don't kowtow to Banksters and other forms of organised crime, mainly because they lack the "whatevers" to stand up to crime (just like ASIC, FOS, COSL, APRA and most academics and bureaucrats.) "Law and Order" cred in tatters Federally - everyone is watching this weakness. Could I suggest our Parliament second BFCSA members, nannas and pops, as political advisors and representatives who can demonstrate how not to cave in to Bankster pressure? Lose the collars and ties, Canberra: get your boxing gloves on and join Williams, Joyce and BFCSA for some Bankster biffo - ASIC showdown Canberra 2014!
    BTW Joe Hockey is on shaky ground: too many major errors in under 100 days even for Joe the Showpony. He'll backstep or be forced to change. Distractions like Holden and Indonesian spying are lame. Keep an eye on Joe. ;)

  • doyla66
    doyla66 Monday, 16 December 2013

    Government agencies, Police, The Tax Department and Organised crime agencies in Aus chase Bikies they are barking up the wrong tree.

    All of these departments spend millions of dollars and countless hours investigating outlaw motorcycle gangs while they allow WHITE COLLAR CRIMINALS to go about their day to day criminal proceedings totally untouched. I would prefer the company of a Bikie to a Bankster everyday or any day at least bikies wear their tag outwardly. The only difference that I can see between the two is the Bikie has a personality and ethics and the Bankster dosnt carry a gun.

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