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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: Maha's battle with COSL

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The public needs to understand where we are heading with all of the evidence we have gathered over the past decade.   The amazing group of people we have gathered together and the strength of that evidence they collectively have discovered, is beginning to have a voice and a powerful message: Mortgage Fraud has been a carefully managed fraud............................. legitimatized by Government regulators, and influenced by their Banker friends.

If you are struggling with mortgage fraud, calloius regulators, industry corruption; need to send in a submission to the Senate Inqury

Maha was busy rushing one of her six young children to hospital.  She intended to send in a letter from BFCSA to COSL responding to their questions. Maha is a Mortgage Fraud victim of Perpetual Trustees and Powerloans.  

It was on the day of deadline, she sent the letter the following morning after being at the hospital for many hours that evening.  Callous COSL closed the file stating she missed the deadline by one day!  The Credit Ombudsman's Service is licensed as an External Dispute Resolution Processes ("EDR") by Australian Securities and Investment Commission ("ASIC").

You can all be the Judge and the Jury!  Maha lives in NSW, and COSL knew that NSW consumers of banking products were protected and had been since 1980.  The Credit Ombudsman did nothing to assist her and, threw her case out because of a sick child.

You have my deepest respect Maha, for your courage and your stick-ability.  You are a beautiful woman in every way.  I am sure your children will all be very proud tonight.

remember you first spoke of your trials with Perpetuals in 2004 with Alan Kohler, but when he arrived, you were being bundled into the ambulance for the birth of your sixth child.  How long ago was that?  You are amazing.

COSL should be closed and amalgamated with FOS to have one EDR so that the deals cannot straddle two Ombudsmen services.  This system of consumer protection is nothing more than a SHAM and needs more people like you to speak out about these totalitarian injustices.

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  • doyla66
    doyla66 Tuesday, 26 November 2013

    COSL and FOS confusion

    Both FOS and COSL want separation from the end ruling. FOS tell you its the Broker who put the dodgey figures in place COSL say the other way around or try to devoid the Broker of any responsibility at all by telling you that you signed the acceptance of the loan documents. They both try to NOT understand the mechanics behind the FRAUD (make sure you never call it that "F" word or your case is instantly closed) with the figures being there displayed with our (the customers) signature in place. I can tell you right now that most banks LAF do not have one figure backing a page that contains your signature and if a page containing figures has a signature on that page or is signed on the reverse of that sheet the amount will be hand written in not typed or computer/printer generated. Please go back to the documents you secured from your Bank and check where your financial details are and where your signature is and if they are on the same page or backing they will without doubt be hand written.
    As Denise has stated above the easiest way to take confusion out of who's issue a Banking or Broker produced FRAUD is, that is simple if we have only the one Ombudsman Service then they will themselves decide firstly if the Fraud is there and which crook produced it.
    It really has come a long way we are now receiving regular AIRTIME with enormous amounts of information now flooding into the market about the bad practices being displayed by our Banking and Finance Industries. Although we all probably have a long way to go before all the truth is on the table it is still enlightening to see people like Denise and Maha starting to get recognised for taking the fight right up to the high and mighty that treat us all with such disregard.
    Every time we get one more win and get a story of victimisation to the screen or across a radio broadcast we are a step closer to the Royal Commission we so need. Only a Royal Commission will bring out all the dirty laundry as we are seeing at present what we thought was an honest attempt by our Treasurer Mr Hockey to have a seriously indepth investigation into the Banking and Finance Industries with his ROOT and BRANCH INVESTIGATION. Well didn't that take a turn south losing all its credibility by using a retired Commonwealth Bank CEO (not only an exbanker watching over bankers but a Commonwealth Bankster the one Bank most in the spotlight for devious methods) Mr Murray may well be an intelligent and astute mind and be credentialed to carry out such a procedures review but he is a Banker who took a massive 100 Million dollar payout from the very industry that he will preside over. If these crooked Fraudulent methods of ripping the unsuspecting public off are still rife today then it is an absolute no brainer that it was happening while Mr Murray was still employed within the industry, that period in question right in the middle of his employ. I am by no means pointing a finger at anybody but it is ridiculous to consider that someone from within an industry will give a truthful or critical report about that industry particularly if the crime being investigated was perpetrated during the time you yourself were in the watchtower.
    The Senators are the greatest hope we have of an honest and open investigation into the Banking and Finance Industries with people such as Senator John Williams a driving force behind a truly thorough account. We all must continue to do our bit for our own futures and for our future generations to feel safe and secure when they want finance for their homes or to set up their retirement funding as the pension is looking more shakey with every passing year.

  • doyla66
    doyla66 Tuesday, 26 November 2013

    Agree, Trevor, well said.
    Having David Murray at the helm in the Banking Inquiry would be like seeing an Archbishop heading up the current Royal Commission.
    Joe Hockey has not considered how the thousands of Victims of Bank Fraud feel about his choice.
    The other possibility is that he's on Planet Canberra, like the last mob were, and has failed to understand how big this Bank Fraud issue will turn out to be.
    But we know ... and Joe is in for one almighty shock when he starts to get his head around the implications and stops playing denial.

  • doyla66
    doyla66 Tuesday, 26 November 2013

    I think he knows how big this is

    Hi Lisa I actually believe Joe knows exactly how big this is and I think they (our Canberra representatives) know just how much of an impact the truth will have on the entire economy. By using one of the crooks who created the mess and knows the mechanics of its creation he is just the right bloke to know exactly what to look for and how to extinguish it before it becomes a raging inferno. Well done Joe you just lost everybody's confidence in your ability inside your 100 days promise.

  • doyla66
    doyla66 Wednesday, 27 November 2013

    Reality Bites, David Murray

    Hi Gordon, I think you're right. It sounds a little like the Medcraft/ASIC situation, where the 30yr poacher attempts to become the gamekeeper. At least with an Inquiry we will be able to cry "foul" if David Murray fails in his task. It galls me that Australian Taxpayers will be paying for his work. After the mess David Murray and his ilk have caused they should be volunteering to help clean up the mess! - plus doing voluntary work for BFCSA admin. David Murray could find himself rather out of his depth dealing with the coal face of CBA and other Bank Fraud. We'll be watching every move he makes.

  • doyla66
    doyla66 Thursday, 28 November 2013

    Just how informed will we be allowed to be

    Hi Lisa and Gordon I think both your points are very valid and yes David Murrays performance will be under the spotlight and heavily scutinised. The biggest concern is how will it be reported back to the people, will we get daily press on the findings so we the people can have input and force the investigation to put a forensic eye on the issues that need the greatest attention.
    It seems that with an ex-Bankster CEO at the helm its a recipe for knowing where the bodies are buried and steering the investigation in the opposite direction. Remember what period David Murray was CEO of the Commonwealth, that Banks record has not been good before, during or since his reign so what chance is there of an independent investigation when it is tainted from the very start.
    With the way that Joe Hockey has gone about this whole tax payer funded circus and an obvious jobs for the boys approach it seem to me and most people I have spoken with about this Root and Branch Investigation that we have not come far from the pack of idiots we voted out and replaced them pretty much with same, same.
    Joe I hope for your credibility that the results of every bit of information gathered is open and put on the table for public view and comment if not it will be seen for what it is a perfect Government diversion to protect their Bankster mates.
    The northern hemisphere has come to terms with Bankster Fraud its high time we grew up in this country and face up to our problems and fix them not cover them up as we are so prone to doing. Of course the Senate Committee Investigation is also just months away if things are done to cover up and not fix up in Joe's investigation we will not have to wait long for the great reveal that there has been a cover up of a cover up.

  • doyla66
    doyla66 Thursday, 28 November 2013

    I think you're onto it, Saverio. How honestly will it be reported?
    After all Inquiries also have private interviews, in addition to the public giving of evidence.
    It really is time Australia grew up and accepted, egg on face and all, that our Banks were probably no better than JPM or HBOS or any of the northern hemisphere Banks and that all politicians knew that. We did and probably still do have fraud - why pretend?
    It was clear to me from the way Neil was treated that the local members and others were interested until the word came down from Canberra not to get involved or support our heartfelt entreaties for assistance and support. We are not radicals - we are simply asking the Australian government and all their agencies to respect the rule of Law and force them to do their jobs in accordance with the expectations of the majority - not a handful of greedy Banks. And even though most of us are Seniors and older, we are not going to "behave ourselves" ie. shut up and "be good", while idiots from any political party think we'll put up and shut up, permitting the Banks to get away with criminal conduct, all in the National Interest! They really do have a lot to learn in Canberra :)

    On a similar note re ASIC Inquiry submission # 276 has been removed from the Senate site. Are we going to get an honest explanation for that? I only ask in the interests of Australian democracy and correct democratic process. If #ASIC and/or lawyers have been permitted to nibble at the evidence for that Inquiry what hope for a Banking Inquiry under a CEO from a Bank already facing lawsuits for their disgraceful treatment of borrowers and investors?
    Does anyone have a downloaded PDF of submission # 276? I think we should have a good look at it and why it was removed. Govt has yet to learn that the real truth can save them a whole lot of coverups, explanations, conspiracy theories and speculation - world wide! Unless, of course, that's the type of attention they enjoy for some reason?

  • doyla66
    doyla66 Thursday, 28 November 2013

    Maha story

    BTW, did anyone see the ABC story? If so do they have a link to it online please?

  • Denise
    Denise Thursday, 28 November 2013

    sorry members Episode has been put off until Monday

  • doyla66
    doyla66 Thursday, 28 November 2013

    Thanks, Denise. Looking forward to it. :)

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