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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: Prime Minister Morrison & Shipton - ASIC and the Australian Government are a disgrace and an embarrassment!

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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To: Prime Minister Scott Morrison and Mr James Shipton.

 

ASIC and the Australian Government are a disgrace and an embarrassment!

The Facts.

ASIC knowingly allowed Sterling First and predecessor companies to continue ripping people off for over a decade!

ASIC failed to do their job correctly with devastating consequences!

Victims of the Sterling First fraud are left with NO MONEY and NO HOME!

The ASIC, Government members and Government departments DO NOT CARE!

The corrupt protect the corrupt!

 

The Joke.

Australian Securities and Investments Commission

Independent Australian Government Body

 

“The Australian Securities and Investments Commission is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors”.

 When did they do this to save the Sterling first victims? They knew and did NOTHING!

 

 The Government

Prime Minister Scott Morrison’s vision for Australia.

My vision for Australia is for a nation that is strong, prosperous and generous: strong in our values and our freedoms, strong in our family and community life, strong in our sense of nationhood and in the institutions that protect and preserve our democracy; prosperous in our enterprise and the careful stewardship of our opportunities, our natural environment and our resources; and, above all, generous in spirit, to share our good fortune with others, both at home and overseas, out of compassion and a desire for justice.

— His maiden speech, February 2008.

Strong values?  Institutions that protect and preserve?  Compassion and a desire for justice?

Was this vision for all Australians or just a select few?

Do the right thing!  Compensate the victims of the Sterling First Fiasco!

P.R

 

 

 



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Guest Saturday, 21 September 2019