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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: EVIDENCE OF ASIC'S FOUL PLAY in covering up for Banks. We have ASIC fingerprints on every document!...See "BankiLeaks"

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ASIC claim the emails I gave to their executives are "merely marketing by banks."  Dear Reader, I invite you to be judge and jury.  I have over 2000 emails between various Bank BDMs and Middle Management to Broker Channel - all brokers all states in Australia.

In February 2013 I travelled 400km round trip to deliver to ASIC Commissioner a PACK OF 200 emails.  I placed all of these documents into my storage files in PDF form.

I then placed them on to this website for the world to READ.  ASIC had their crack team of five investigators pour over these documents, including the SERVICE CALCULATOR FORMS and ICW worksheets.  ASIC kept these documents for 4 months.  I then travelled same distance to ask ASIC to hand back my originals.  These are in a SEALED PACK.  I have not opened the PACK - its in a safe house - waiting for the ROYAL COMMISSION into BANKING to commence.  The documents will contain ASIC fingerprints.

ASIC's answer to me was "the documents are just marketing that's all..........................not evidence."

Cast your eyes upward to close to top of home page of this website.  CLICK ON THE LINKS  "ASIC Emails" and "LAF's"

These are a small portion of the documentation we have gathered.  If the Banks and ASIC have nothing to hide they will not object to me allowing the victims of scams including Broker victims of Bank Scams, to read the evidence for themselves.  Remember we have another 1800 documents to reveal over the coming months.

Thousands of broker have been stitched up with similar toxic loans.  I am now in touch with brave band of Whistleblowers.  BDM's had no idea they were being set up by their employers.  Yes indeed, the Brokers were the agents of the Bank and evidence by "Agent Numbers," on certain documentation.

Pay attention to service calculator and also the PASSWORDS into the Banking System……………………

Has ASIC been covering up for the Banks?  YOU BE THE JUDGE AND JURY.

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  • doyla66
    doyla66 Monday, 10 March 2014

    Gfs246

    Your work is priceless for millions of Aussies.
    Extraordinary work.
    You are a breath of fresh air in to many many households .

  • doyla66
    doyla66 Monday, 10 March 2014

    Gfs246

    And I have a 2014 "ANZ Stupid response " to add to the collection......
    2014 and it's all still happening.....

  • doyla66
    doyla66 Tuesday, 11 March 2014

    I have one of those marketing letter only loans and let me tell you its real

    Due to marketing only I have been embroiled in a life of confusion and heartache, just trying to hold onto my home that myself and my wife have worked a life time to achieve. The marketing may be bullsh#t but the situation is very real and once you are caught in it there is no help from regulatory bodies. How can the people we believe are setting the rules of trade and are here to protect us when the rules get broken just ignore what is happening and class us victims of this deceptive as the criminals. No one ever intentionally sets out to be deceived, that comes about by people who have cleverly laid a plan to trap innocent honest people that don't think of deceiving others. We need the protection of the LAW, crime is crime I did not have $750k laying around in my lounge room for some low life to come in put into his kit bag jump my back fence and run away with. However I did meet a crook of another type (white collar, the worst kind too lazy to even jump a back fence) he sold us an overpriced property then the Bank said yes that's ok, then changed our income and assets and liabilities to make sure we could have the loan, then altered our paperwork to suit without our knowledge. This is not MARKETING ASIC this is straight out deception and it is criminal in its composition, it should have been stopped before it ever started but still it is continuing even today unrestrained. When will our regulator do its job, there is more than enough information and evidence to show the widespread misuse of lending practices by our Banks. Our Broker/Introducer sold us the property but we did not give him the Loan that was done directly with the Bank, the Broker did not approve the loan the BANK DID. We never received our paperwork until we demanded it 5 years on after speaking with Denise Brailey it was only at that point the alarm bells really began to ring when we saw the incomes tripled and our assets pumped up by around $700K. IF THIS IS NOT DECEPTIVE THEN I DONT KNOW WHAT IS, if we did not qualify for the loan based on the TRUTH then it just shouldn't have happened end of story.

  • doyla66
    doyla66 Tuesday, 11 March 2014

    It sure is real Shaun! I lost my home through being spotted as perceived to be a nice ripe juicy target under an ANZ spot and refer referral program for brokers! All on line if anybody cares to get heads out of clouds and take a look!

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Our case exactly... we did not have the income at the time to afford such a loan.... We were told, oh don't worry, we use projected income... and besides, why use the banks money, they will give you extra so you can afford the loan and you can write off the interest paid as an expense to the ATO... and we fell for it!!!

    My question, why have loan application forms in the first place if regulators let the banksters get away with writing on it what ever they please to ensure the deal fits.. Soon I will be homeless. I knew I could never afford the loan from day one... the bank duped me into believing that I could.. now I see it was all just based on my asset and had nothing to do with my income. 5 years interest only and I now owe more than my home is worth! All these years of struggling to do the right thing and make the repayments as best I could on my low income, maxing out my credit cards along the way.. I panicked... I didn't want to lose my home... In the end, I was only just delaying the inevitable I realise that now! If I bought a faulty product I could get a refund... Low doc loans are a FAULTY PRODUCT!

  • doyla66
    doyla66 Tuesday, 11 March 2014

    BDMs are talking to Denise? Looking forward to hearing more. :)

  • doyla66
    doyla66 Tuesday, 11 March 2014

    That's right Shaun, it was not the broker who approved our loan, it was the Credit Assessor who tampered with and inflated our income figures on our Loan Application forms 10 fold using a Service calculator and then the loans manager approved it.
    We have both of their names.
    Our loan was clearly unaffordable and based on deception, therefore should have been rejected.
    It is now up to the Senators to take this criminal activety to a higher level of scrutiny.

  • doyla66
    doyla66 Tuesday, 11 March 2014

    ASIC is barely paying lip service to Australia. They are soooo hard pressed that when they collect all the damning evidence against the ANZ or CBA Bank all they can say is it is not in the Public Interest to proceed. ASIC takes every document that is provided to them by the Banks as being completely True and Correct. "We don't check to see if the documents are genuine, that's not our concern." Maladministration: Yes ASIC says but that is their favourite "throw away" line. Letter full of Fraud and Lies written to we the poor victims and matter finished......when are we having that holiday with the Bank Bosses.
    ASIC is only out the get their Bonuses, keep their Bank buddies happy and screw the rest of us.
    So why are we surprised that Medcraft happily Lies to Parliament time and time again.
    If the Senate doesn't take action and enforce the Laws and send these Criminals to Gaol then we all need to find another country to live in as there will be no hope for ordinary Aussies.

  • doyla66
    doyla66 Tuesday, 11 March 2014

    No way in the world I would ever have put my signature onto an application form or ANY form containing all the lies I discovered the week after sold settled gone done and dusted and I took my approval forms into a local branch for signing just as told to do by the Broker and I still have every page. Could go on and on but I won't other to say every cent made on 19 years of mortgage payments, rates, improvements, landscaping not to mention maintenance ended up flushed down the big slippery dip right into Uncle Scrooge McSmith's vault so he could get his daily kicks and say bingo! All ANZ needed do is check what went through my accounts for years to know a few truths but guess they were in such haste to steal all I had they omitted to think about that! The only reason I still bank with them is because I am out for the jugular and have not made the big mistake they did in shredding any paperwork. Must sit on their brains is all I can say for they still continue to send me statements in the snail mail to add even more to the pile of evidence of what I then was and am still earning!

  • doyla66
    doyla66 Tuesday, 11 March 2014

    In October, 2007 we went to the broker who had us sign 3 or 4 pages - THESE WERE NOT BLANK PAGES. They were not page numbered and appeared to be stand alone pages. It wasn't until March 2011 when I requested a copy of the LAF from the NAB in Melbourne (Customer Advocate's office) that I saw that these pages were part of a larger document. We also discovered that other pages that we had not seen before contained my husband's income which had been inflated by $6000 above his tax assessment statement for the 2006/07 financial year from the tax department and it also contained my income which was never to be included anyway and that had been inflated by $8000.

    Only yesterday, I was going through a previous lawyer's files at my current lawyer's office to find several papers I had not seen before. In September, 2007, he had requested and received another copy of the LAF, received from the Brisbane Head office, and the income had been changed from $61,776 to $67,776. We also have copies from the NAB of fraudulent tax assessment notices where both our taxable income has been increased from $56,000 to $67,000 (Daz) and from $11,000 to $19,000 (mine). The genuine ones were given to the broker in 2007 and he sent them to the NAB.

    Also, a copy of the registered mortgage that we had never seen before, sent to him from the NAB in 2011, that was registered and dated almost 3 weeks after we had signed it.

    In the Asic Act 2001, this is a breach. It states that a copy of the mortgage must be received by us within 14 days or the whole thing is void. Also, all they sent us at the time was a "mortgage" if you could dignify it with the word, which was not signed or dated by anyone, not stamped, and didn't even have the property description on it - only our names and address and the bank's name and address.

    I contacted FOS who are dealing with the case at the moment - I use "dealing" in the loosest possible way - and it is before the ombudsman now. I was given to understand, however, that they probably won't do anything - it appears that the banks can just do anything against their own banking code and get away with it and the gatekeepers don't give a damn. Their argument is that apparently it hinges on whether we could service the loan.

    I told them and provided evidence of the above, that there were clear breaches of the code everywhere, and that another one was that the NAB never tried to contact us to verify our income - in which case all this would have been sorted, and the whole thing would never have happened.

    ASIC are useless - NONE OF US SIGNED BLANK PAGES. In fact, they were very full pages to have to read. There was no provision in the ones we signed for any "blankness".

    COSL ARE USELESS AND NOW, IT APPEARS, FOS ARE USELESS.

    I THINK I MUST BE LIVING IN A PARALLEL UNIVERSE and what I see as plain language must be different to what they see. I have university english, so where does that leave me?

    I will be going to the police this week and making a formal complaint for fraud. We will probably also have to join the NAB to a lawsuit we have going against 4 other parties, which is a pretty costly business. I am also contacting my local member who has known of this for some time and he will take it to the Minister. At least this time he's in government and he's in a position to kick a goal.

    Lyn

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Duped

    Shaun has put this scam in a short precise way , exactly how it happened and to the point that ASIC or more to the point Medcraft should be jailed post haste for not only lying (along with Kell) to parliament but for knowing the banks deceptive fraudulent scheme and doing jack shit to stop it. Everyone must remember that Medcraft's pet scam was securitisation of mortgage loans where banks can make even more money by selling these toxic loan packages, including to Austn Government, so this is the probably the main reason Medcraft does not want this fraud exposed and will lie cheat and still to protect his objectives. Someone, sooner or later will be jailed, justice works slowly at times but eventually it does bubble to the surface.

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Duped

    Go for it Lyn, nail these a### holes to the wall

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Yes Lyn sock it to them. They had the gall to put an income of $150,000 pa on my LAF and had even worked out a monthly net figure! Hello - even my deceased husband had not been earning that and he had then been gone for almost 3 years AND the existing mortgage had been approved primarily on his salary. for I had only ever worked p/t since 1989. If they want to know all about how skippy has been programmed to hop backwards the Senators should be asking Greg Medcraft AND with a lie detector AND the fire brigade on hand for it would blow right off the richter scale as soon as he dared open his mouth! Clue is all in the surname of course - crafty as a fox!

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Medcraft the designer of deception and the overseer trust

    Sorry Greg you cant be both, you must make your decision you are either going to peddle your disgusting Fraud riddled securitisation product which still hides at the back of Wayne Swans dresser so no one will find the toxic mess you two sold to the world. Or you are going to be the enforcer of all that is good and make your accomplices in securitised crime down at Banker Land come clean and spill the considerable pot of beans on Low Doc, No Doc and even some Full Doc criminal activity that you have known about for years. Well the choice is yours go on get it off your chest you will feel better, my mum always said if you have done something naughty tell someone and face your problem before it gets too big otherwise you will have to tell a fib followed by another fib to cover that one up and it just keeps getting bigger. So do yourself a favour before you start talking in your sleep and one of the Banksters you are in bed with hears you.

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Gfs246

    ANZ knew all along my loans were unaffordable.
    They issued a DECLINE (that I never knew about) when I asked for all my flies they sent the DECLINE paperwork with it.
    But they continued with the application and falsified our incomes to "get it across the line"
    This is what the email says that I have in my possession from Broker to BDM.....
    We defaulted within months....
    It also didn't help that FRUDULANT approvals were sent to our builder...(this is a whole other story)
    The trail of destruction of a family was implemented from that one approval......with the BANKS logo to fool everyone....
    3 years on I owe $40k on credit cards
    $30k on a buffer loan
    Over $100k to my family
    Will I ever recover from this trail of destruction inflicted on my family caused by these greedy, nasty, bastard banks......
    Yes I will
    I will never let this go.....

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Gfs246

    Hi Strike....
    Medic rafts lies are already to big.
    It tooooooo late.
    He has been busted as my young kids would say.
    Busted big time.
    Jail time awaits Greggy......

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Gfs246

    ASIC....Greggy you need to stop "PUSSY FOOTING" around.
    Face the music
    Stop the carnage
    GROW SOME BALLS
    It's not all about your pay packet.....
    How do you sleep at night?
    How do you look your children in the eye knowing what you are doing?
    Shame on you!!!!!

  • Denise
    Denise Tuesday, 11 March 2014

    Please read GREG MEDCRAFT'S evidence in Chief to the Senators on 19th Feb in Senate Inq into ASIC. Read the Transcripts. Pick out the obvious untruths and BLOG them into the spotlight so we can all compare the untruths. Very simple really. Also highlight the glaring OMISSIONS. Omissions are a crime when used to cover-up a criminal offence. Do some homework [email protected]

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Gfs246

    I wonder if Greg Medicraft thinks he has FOOLED the good Senators?
    I don't think so Greggy boy......
    Bad boys go to jail......
    Telling furphys to the good Senators is not a good look......
    They will not like that you have lied and mislead them......

  • doyla66
    doyla66 Tuesday, 11 March 2014

    Talk about blankety blank! Check this out -

    Senator WILLIAMS: Was your appointment advertised or were you just appointed to the position?

    Mr Medcraft: I was actually headhunted. I was running the Australian Securitisation Forum. I was headhunted by Heidrick & Struggles, I think it was!

    Senator WILLIAMS: Headhunted by whom?

    Mr Medcraft: I think it was Heidrick & Struggles!

    Mr Medcraft: On the question of the headhunters, I will come back to you with exactly which one it was, if you like!

    Senator WILLIAMS: Did you read about how you got the job in The Financial Review?

    Mr Medcraft: I DID read about it in The Financial Review!

    Well guess what Mr. Medcraft, we all read about it in The Financial Review also and it’s never been top secret so quit swanning around the pointy end of a stick for the only person you fool is yourself! And why were 1330 rooms at the Swissotel really needed to be booked last year dare I ask? Don’t tell me all those rooms were stuffed full of LAF’s until able to be whisked away in the cargo hold of those 52 overseas trips you took that WE paid for in 6 months last year and are now stashed safely away in IOSCO County being safeguarded by your cheersquad!

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