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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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BFCSA: Mr Cormann You have left us out to dry - fr MVO Recipient slams ASIC

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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06/8/2019

SENATOR MATHIAS CORMANN

PO Box 6100

Senate

Parliament House

Canberra. ACT 2600

THE STERLING LIFE FIASCO.

 

I am writing to you in hope you may be the one to bring about a change of fortune to the victims of this fraud, because to date no one has taken the responsibility to help the innocent, and pursue the criminals. There is total neglect   from parliament, ministers and departments.

Not to mention ASIC who take the cake ‘hands down ‘for neglect and failure on all fronts, not under achiever’s but non achievers. Assisting the unscrupulous operators to go free range with their scams to fleece people of their money, all the while all those corrupt operators of Sterling New Life playing with our money and ASIC assisting them to do so. To busy rotating in their plush leather chairs. The media, the community. And ‘Blind Freddy ‘can see the corruption and the detrimental effect it is having on the elderly citizens that have been duped, and we are seeking help desperately to recover our money.

This is homeless week. After planning my retirement around my savings, and choosing supposedly the best housing opportunity for my life style, I now sit here, one step away from swelling the numbers of the homeless that is a problem for society and growing at an alarming rate. Also newsworthy is George Colombaris who has had to pay all his staff he deceived, and rightly so. That is all we want as a group of tenants, that have been ‘hung out to dry’. We are requesting the $28.6 million be returned to us NOW. It is rightfully OUR MONEY.

 

Yours sincerely

Diana  MVO

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