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BFCSA
MORTGAGE
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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 Petition at 3051. Time every politician woke up to Elite Control Frauds in Australia

Posted by on in ROYAL COMMISSION URGENT
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If you were in any doubt there are giant PONZI's raging faster than bushfires right now, one only has to look at the corrupted FINANCIAL advice industry.  People's lives are lying in smoldering heap of ruin right now.  Over $200 billion has been lost in either savings and homes, and more carnage to be uncovered.  Retirees and Pensioners were the target market for 15 years of non enforcement of law.  Most of these scams are connected in some way to property and yet some were even connected to manipulation of the stock exchange.

If you are outraged by this you need to send our online petition to as many people as possible.   Lets do more to hit 3000.  

Every MP should be reading the comments on the petition.  I am putting together a submission for Sen. Sam Dastyari Inquiry into Financial Advice.  I gave ASIC 15 years of meticulous documentation including early warnings on Fincorp, Westpoint and 20 others as far back as 2000.  I have all my letters to and from Chairman, PM, Treasurer and Fiance Minister dating back to 1999. I then blew whistle on faulty Low Doc Loans.  My latest submission to Parliament explains the connection of the Control Frauds into giant Banking and Finance PONZI.  It was a grab for assets by white collar criminal people known as Control Frauds and for the past decade RECA, then BFCSA members have been joining the dots.  

These fraudsters are all interlinked with Elite Bankers at the helm.  Banks bank-rolled the spruikers, to bring in the target market and created the debentures as way of fund raising for initial development projects.  Then as if a miracle,  notice how banks sat on the FIRST MORTGAGE and all the investors landed on 2nd and 3rd ranking and suffered 100% loss?   Next developers needed to sell property "off the plan" and Bankers and their Lawyers (even Al Capone had crooked attorney and creative accountant) developed "products for sell and chose ARIP markets: pensioners with their only asset - their home.  

Meantime Debentures opened up more money channels for development and Low Doc Lending provided "buyers" - pensioner investors - as fodder for bank clientele developers with distressed properties to sell for $100k over-valued.  In different cities to what the target lived so no drive pasts could occur.  Control Frauds were Elitists: Bankers, Developers, Construction Moguls, Lawyers, Valuers and Accountants.  They used "friendly"  property spruikers, and the broker channel as sellers.  Most of the spruikers and brokers moved on and went broke, many falling victims to the same fraud.  

Storm victims were led into the risky area of margin lending and into the world of shares.  Our property market bubbles that the elites deny exist, are in a dangerous zone.  There will be long term consequences as none of the above was being properly regulated or policed.  

There was no enforcement of law.

This means a bleak future for many and we have quantified $40 billion in losses in the debenture scams, plus $100 billion in the Lending scandals where 85% of the mortgages were approved by the four major banks.  Those four banks collectively earned $30 billion profit in the past 12 months and their CEO's profit from the fraud at around $4 million in bonuses p. a.  

Most retirees who have been fleeced have lost their savings and super in DIY scams have now become pensioners.  

Most pensioners who lost their homes in mortgage scams are now homeless and looking for temporary shelter and government housing subsidies and accommodation.  At the bottom of this pile of carnage of people's lives there are greedy and lawless Bankers.

The Treasurer is now saying welfare is unaffordable.  Rampant white collar crime is unaffordable. Thank you for being part of an extraordinary group of Australians willing to say enough is enough.

PLEASE SIGN OUR PETITION TO THE DAVID MURRAY FINANCE SYSTEM INQUIRY

This is the link and thank you for support as this is sorely needed and long overdue

https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-recommend-an-urgent-royal-commission-into-australian-banks-australian-non-banks-collapsed-companies-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners

 

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Guest Friday, 28 February 2020