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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 Members Call for Mortgage Payment FREEZE - Australian Banksters and Low Doc Mortgage Scandal

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BFCSA is calling on the Federal Government to ensure  FREEZE ON ALL FULL DOC AND LOW DOC MORTGAGE PAYMENTS where fraud is present.  Every bank should be made to hand over copies of the client files immediately.  ASIC refuse to do anything at all except spend tens of millions on office reno's.  The Prime Minister must direct policy of  such a nature as to protect consumers from further threats from the guilty Bankers and Lenders.

To all those miserable bank warlords who are trying to intimidate the holders of Fraudulent Loan Application Forms - do not even attempt to threaten anyone.  I can guarantee you that every such letter on bank letterhead will be BLOGGED for the entire world to understand this complex scam.  Bank Executives were the creators of these monstrous scams.  36% of all FULL DO AND LOW DOC liar loans were arranged by BANK MASTERS with not a Broker in sight.  The Banks intended to lump all the blame onto the hapless brokers and planners.  And. in doing so escape liability and avoid all manner of risk.  The risk of these dirty loans was sheathed home to the borrowers and brokers.

Everyone losses except the Banks - or so they wickedly planned....until BFCSA mushroomed out from ground level.  Collectively we decided to pool our resources and fight back.  We delved into what the banks were really doing.  Even the Greeks and Spaniards figured these scams were the banks at fault BUT have yet to discover the ultimate secret....,,,,,,,,,,,,,,,,,,,,,,,,,,how the Banksters almost got away with the World's Biggest Heist.....................Australians are made of stronger stuff.

We gathered up spades and shovels and rolled up our sleeves and guess what we found...........................yes more to come....................a lot more!


LisaMartin- Posted on Thursday, June 20, 2013


I wonder how IOSCO, IMF, Fitch, S&P etc are viewing this development with our corporate regulator?
As I understand it ASIC is the Australian equivalent of the SEC in the USA.
This inquiry is an important step for Australian financial regulation as its about so much more than the CBA Investors' case or liquidators misconduct.
This is for all the casualties of investment companies past and present and all those who lost billions, their lives, their families, their homes, their health, their retirement savings along the way.

BFCSA is not just a we did not wish to belong to at denial.  This is definitly a grass roots movement as there are so many of us.  But we never dreamed we would find so much in common.

Dr Laker (APRA) said we can't legislate against stupidity. Maybe not, but we can expect a corporate regulator with consumer protection as part of its brief to ensure that every effort is made to ensure rogue financial advisors, dodgy companies, risky investments and illegal financial conduct like fraud are eliminated promptly and decisively from our markets. 

There is so much that ASIC could have done and didn't, despite the warnings from Denise. We want to know why they were so unwilling to respond quickly and appropriately.  Why they didn't use their powers to deal with illegal financial conduct... and so much more.

Where they put the missing money from so many bank accounts this year and when it's being returned to the owners.
So many questions, so many complaints against ASIC, so many submissions, so much comment in the media.  
This inquiry is very important to the future of financial regulation in Australia. It is the thin edge of the wedge. Prise open the vaults before the documents are lost or shredded.

Without Denise most of us would be homeless now and ASIC would be conducting bureaucratic business as usual.
Without Senator Williams' relentless pursuit of financial muck-ups this Inquiry may never have gotten to first base.  He was the only one to fly over to WA and talk to Denise and ask questions and listen.

That said, every international trading partner, investor and borrower should be watching this situation develop very closely.

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  • doyla66
    doyla66 Thursday, 20 June 2013

    Well put

    Well put Denise and Lisa, you both show the true grit that Aussies are well known for. Always ready to get stuck into a good cause and take no lip or bull from anyone, especially from types like the ASIC executive who are in a world of their own.

  • doyla66
    doyla66 Thursday, 20 June 2013

    It's crystal clear that Australians have been too trusting and too tolerant of the unacceptable conduct of bureaucracy.
    ASICs willful blindness over Australian Home Loan Fraud is being watched by the world.

  • doyla66
    doyla66 Thursday, 20 June 2013

    Senators: ASIC's "parole board" must hand down LIFE SENTENCE: "Never To Be Released" ~~ on Aust. consumers again)

    Recidivist ASIC "on parole" roaming community at-large passing itself off as the-consumer-protector. Parole Board, throw away the keys, surely! ---LIFE SENTENCE WITHOUT CHANCE OF RELEASE + ROYAL COMMISSION ~ WIDE TERMS OF REFERENCE. No less.

  • doyla66
    doyla66 Thursday, 20 June 2013

    Yes, well said Denise and Lisa. It just show what can be achieved and you Denise have certainly have proof of that. Lets see now about this payment freeze on our accounts. You are worthy of the next Australian Award in my book Denise

  • doyla66
    doyla66 Thursday, 20 June 2013

    Dr. Laker (APRA) should be investigates as well.
    He must know there are poorly educated, honest,and trusting hard working people
    who without knowing of the scam, engaged brokers or bank staff to help them, and were
    taken advantage of.
    How dare he say we can't legislate against stupidity!
    What happened to duty of care?
    How did the "stupid" people know they were being lied too?
    After all it took "smart" banksters with their "smart" University degreed lawyers to come up with the thieving scam.
    How can "stupid" trusting people compete with such warped intelligence and guile !

  • doyla66
    doyla66 Thursday, 20 June 2013

    Bankers, get into your boardrooms and write down these fraud loans.
    You won't all be able to sell them to a greater fool.
    And if you are willing to sell these portfolios for 20c in the dollar, then why not reduce
    the loans by that and gain credibility along the way? Restore your credibility or suffer the consequences.
    The Zeitgeist is changing.

  • doyla66
    doyla66 Friday, 21 June 2013

    A big change in the Banking Corporate world is gradually forming - thanks to Denise for the intense investigative work.
    Banks, regulators and their mates - the party is coming to an end fellers. You all have been nothing short of cruel to these innocent, trusting hardworking people.
    You preyed on the uneducated, and took advantage of these honest unsuspecting people and you took their homes and threw them out onto the street without an ounce of guilt or remorse - shame on you all.
    I hate to think how many thousands of victims fell into your evil trap in the past years before BFCSA existed.
    I hope all these truamatised and lost people hear about BFCSA and come to us.
    Soon it'll be your turn to suffer the consequences - the time is near.

  • doyla66
    doyla66 Friday, 21 June 2013

    A new beginning is here. Out with the old, In with the new.
    The bankers have no clause to justify their wrong doings, the evidence we have is real and we are not going away.


  • doyla66
    doyla66 Friday, 21 June 2013

    I wonder if these bankers had their son/daughter/mother/father get one of these low doc loans and had happen to them what is happening to many of us. How would they feel then? Would they open their eyes and at least pretend to start to care about what the banks have done to so many innocent people in Australia? How dare they think they are above the law. We go to a bank believing they have integrity and that our legal system would never let something like this happen, but it has. If my mortgage was for 100 years instead of 30 I still don't think I would ever be able to pay it off! Shame on ASIC and our government watchdogs that are supposed to be protecting us against something like this ever happening in Australia, and properly investigating situations like this when they do!

  • doyla66
    doyla66 Friday, 21 June 2013

    ASIC and the banks have been laughing their heads off for years and years.
    ."This scam will never be uncovered" we're just too good!

    It has been uncovered and we will get justice thanks to the Denise and the Senators.
    Now all we need is for the media to help spread the word so all the other poor borrowers
    will know why they can't keep up the repayments, and know it's not their fault, it was a well worked out scam
    by thieves and liars.
    Hopefully the world is watching and learning. No doubt this was done virtually the same way worldwide.

  • doyla66
    doyla66 Friday, 21 June 2013

    I wonder if you're right on that Maria - I've been thinking the same.
    What if the overseas home loans were also fraud loans ........... and the farmer's loans and the business loans and even government loans - all inflated and bulked up to make the Banks look big and health and to keep takeover bids at bay?
    Have they looked at Denise's research and applied it to the overseas LAFs? LSCs?
    Just imagine all those former home owners in the US alone trying to get their LAFs from the Banksters there?
    At some stage our Banksters will have to offer us debt forgiveness, especially when we have them cornered :)

  • doyla66
    doyla66 Saturday, 22 June 2013

    When you think about it. The banks want to own and control everyone.

    Communisim in disguise perhaps!

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