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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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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: Australian Federal Police overlook Banking Fraud & Corrupt Practices

Posted by on in Corrupt Regulators
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WHERE ARE THE TRUE INDEPENDENT FIGURES RE LOW DOCS?  Are you telling BFCSA that there is no independent AUDIT?  That we are trusting the Banks to be honest?  Are you kidding me?  Let's not wait until it all comes crashing down USA fashion.  We are asking serious questions here?  Where is the Treasurer?  Where is the Prime Minister?  Who is minding the shop?

The "Force" has received hundreds of complaints re service calculator fraud run by Major Banks and total of 30 non bank lenders.  Maybe the Australian Federal Police need a lesson in priorities.  Ignoring this problem will only serve to damage the economy as senior economists have warned re sub-prime lending practices.  

Alarmingly, the figures from the RBA suggest only 10% of loans from a pool of $1.28 TRILLiON Mortgages are Low Docs - what rubbish.  

Reserve Bank Australia ("RBA") get their unaudited figures from the Australian Prudential Regulatory Authority ("APRA").  APRA collect these same figures from the untrustworthy doyens of the banking sector and no-one asks for AUDITS.  

No-one is checking the Banks...............................10%?????  That's what Bank of America said for years prior to 2008 GFC DAY and look at the mess.  No audits and everyone blamed the Securities Exchange Commission ("SEC").  UK, Spain Greece etc.....ditto!

Have a gander at the AFP website: AFP have a duty to investigate fraud that involves the internet and computers.

Families are suffering under the weight of the fraud.  AFP are also covering up for the banks.  The new laws forced the service calculator underground but the game plays on.  Bank profits are riding on a cloud with a silver lining....made up of Low Docs and No Docs and 36% FULL DOCS.  Our figures do not lie as we are the peak consumer protection body in Australia.  

APRA, ASIC, ACCC, AOFM, RBA and Treasury are all on song: "NO SYSTEMIC ISSUES."       

AFP is a bludge job!  Why do we say that?  Because; if you see their list of warnings re scams they say - "do not send your complaint to us - go to your financial institution."  Nice one chaps.   They go on and on about losses $18 million in Nigerian Scams....have done for years, yet this scam is worth $200 Billion.  AFP chose to mention Nigeria as they do not have jurisdiction there and once again do not have to do any work except run a website.  Yet they are mandated to investigate computer fraud.  The service calculator is the fraud.................................perhaps too dumb to figure that one out?  Its a computerized scam using Speedy and hurry chaps.  Its here in Australia big time and in your jurisdiction.


Internet fraud and scams

The term 'online fraud' refers to any type of fraud scheme that uses email, web sites, chat rooms or message boards to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.

Online fraud is the jurisdiction of the state or territory police if the victim is a not a Commonwealth Government department or a Commonwealth Authority.

The Australian Federal Police investigates frauds committed against a Commonwealth Government department or a Commonwealth Authority.

In general, state or territory police jurisdiction exists:

  • in the state or territory where the offender has committed the crime, and
  • in the state or territory where the victim has been defrauded - this includes situations where the offender is located overseas

We rest our case.....again!  But we are not going away.  Our group is sadly growing at an alarming rate.  Since January 2012 when we first pushed this message out there we have grown 94.2%    No systemic issues?   Who is minding the shop?      This email address is being protected from spambots. You need JavaScript enabled to view it.

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  • doyla66
    doyla66 Sunday, 07 July 2013

    If the AFP catch one Nigerian scammer it's plastered all over the Current affair shows. Is that so the public are made to think the AFP are doing something? AFP says they paste warnings but no jurisdiction to do anything.
    Hellllooo does anyone out there fight white collar crime in Australia? Why the silence? Why did we get more bugger off letters from the AFP? How corrupt is all this sub prime lending?

  • doyla66
    doyla66 Sunday, 07 July 2013

    Australian Loan Fraud Time Bombs - An Uncomfortable Truth for Canberra and co.

    Regulators and Law Enforcement - APRA, ASIC, ACCC - all head in sand.
    Accountable to the Senate Committee - why did they permit these agencies to get away with it?
    No audits, and no independent audits of the auditors. Does that sound more than a little fishy?
    "Can't see what we're not looking for because we've been told it doesn't exist and if it does it's not our problem."
    Tough luck, guys, we've got the evidence and we're telling everyone we know who are then telling everyone they know and so on.
    Ever heard of the Butterfly Effect? Well this is even bigger ...
    Government tried to cover up fraud with refinancing, by offering the no exit fee carrot.
    What happens when those refinances fall over, Bill Shorten?
    You're hoping they fall over slowly? Avoid the rush and a crisis? Not a bad idea, in theory. You might have a job somewhere else, perhaps?
    Fine. Just ensure that there's someone to catch the frightened and injured survivors when they do fall over - starting now!
    Set up proper systems to deal with this fraud in lending - multiple forms, the kind of sophisticated crime that scammers fantasize about creating - and from the conversation I had years ago, just the ticket for the AFP staff, who understand what this does to victims of crime. Why deny us access to their superior skills and knowledge? That's just plain mean and bloodyminded.
    Whether it's Nigerian, South East Asian or Australian if it's federal law criminal breaches it's the AFPs turf.
    Pure and simple.
    No point politicians posturing and smiling, most of them have never been through this experience. What would they know?
    This is real, we are real, Australia is asking real questions about it and ignoring it won't make it go away.
    You've all been lied to by the regulators because they don't want to wear the blame. It's not rocket science, Senators.
    Now, instruct the AFP to stop filling in the day with trivial pursuits and get their teeth into the biggest heist in Australian history.
    All around the world people are watching to see when the Australian situation is going to blow itself apart because the government are doing NOTHING about it. So it seems ... if you are, let us in on the secret, because the present system is both unjust and an attempt to cover up crime while victimising the victims. I wonder what the AFP staff think of that treatment? And the dreadful state some of us will be in by the time AFP finally get the ok to stop trying to look busy and get stuck into the actual cases.
    No excuses. The working week starts Monday for public servants.
    As an Australian voter, a Mum and a Nanna, I want to see real and appropriate handling of all Bank loan fraud within 7 days - or else!

  • doyla66
    doyla66 Sunday, 07 July 2013

    It has been ordered from higher up to ignore Bank crime. This luxurious racket is allowed to continue because there are too many greedy players involved who each get a bite of the cherry.
    Why elses are all other crimes dealt with but not this one - too much at stake - greedy crims can't bear to give up their portion of their illegal takings which do not belong to them. It is money from stolen innocent victim's homes. Shame on you all - wake up Australians and stay away from banks. Do not trust them.

  • doyla66
    doyla66 Sunday, 07 July 2013

    AFP are only interested in easy visible tasks. I've written three times and got rubbish replies. If we commit Fraud they jump but if its a Bank then they kindly look the other way and fob us off. Are they too getting Paid Off by the Banksters like the Pollies, FOS, ASIC , et al.
    If the police won't do their job then this country has gone down the drain and where do we go from here!

  • doyla66
    doyla66 Sunday, 07 July 2013

    From: [email protected]
    To: Subject: RE: Banking maladministration/fraud and the necessity for a Royal Commission
    Date: Sun, 7 Jul 2013 11:03:40 +0000

    Thank you for your email which details your concerns regarding alleged maladministration and fraud by the Commonwealth Bank in their lending practices.
    I understand this matter is of high importance and for that reason I have forwarded your concerns to the Attorney General, the Hon. Mark Dreyfus QC MP and the Shadow Attorney General, Hon. Senator George Brandis for their perusal and action.
    I shall be in touch with you as soon as I receive a response from both the Attorney General and Shadow Attorney General.
    Thank you again for detailing your concerns to me and in the meantime if there is any further assistance you require please feel free to contact me.
    Yours sincerely

  • doyla66
    doyla66 Sunday, 07 July 2013


    Good one Jean the only response I have seen with a pollie referring on to Attorney General. Hopefully it doesn't get the ordinary flick response so we will find out if Dreyfus and Brandis turn a blind eye or get silenced. I'm sure that they have already received plenty of letters on this fraudulent scam before and done nothing. At some stage soon they will have to wake up and take on board.

  • doyla66
    doyla66 Monday, 08 July 2013

    Thanks Duped. My son has been busy with all this and he doesn't give up lightly. Ross will get back to him or my son will follow it up. He does seem genuinely interested so maybe other members can get on this bandwagon and submit their stories to him too. His email address is provided. Maybe if we can collectively make him and Attorney General, the Hon. Mark Dreyfus QC MP and the Shadow Attorney General, Hon. Senator George Brandis aware of the scale of the problem just with us we may have better ammunition for a Royal Commission.

  • doyla66
    doyla66 Monday, 08 July 2013

    That's great, Jean.
    I got no reply from my latest letter to PM.
    Another letter going to MP this weekend.
    Attorney General ... looking better :)

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