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BFCSA: Who In Government's name is going to assist Maria? De Ja Vu ASIC?

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What do we do with rogue solicitors  - yet again?  ASIC was supposed to reign in dodgy solicitor mortgage scams and their promoters from 15 December 1999 onwards.  Perhaps some old timers at ASIC remember doing nothing then and now?

She writes her story from the heart,  It is her courage in speaking out against these injustices that will surely win the battle.

I find it very hard to clearly explain my whole story in just a few paragraphs. Also keep in mind English is my second language so when I am trying to express myself I find it extremely daunting. Because of this vital information is being left out and as a result people get the wrong ideas. Yes it makes sense to pursue the lender, which I would like to do but so far I am running against some huge brick walls, I do not seem to know who regulates private lenders who lend through solicitors. I am pursuing the broker as well because he has put the first loan together not at my request but by dealing with my ex-solicitor and his mad mate (the bankrupt, who I had no idea was a bankrupt at that point in time, the lawyer withheld that info from me when he forced me into this development.To save this guy from being sued for non performing he replaced him in the  contract with my company and the rest is history).

When I was asked by the lawyer to sign the loan offer and when I read that the interest rate will be 36% I refused to do so  but my lawyer and the other guy produced a letter given to them by the broker in which he advised that once this loan is settled he has a lender ready to refinance the whole deal at 7.6% on a LOW DOCS (I had no idea what this meant and I was never given any independent legal advice by my solicitor as he was implicated in this all the way to his neck).I was conned into signing a loan offer under the belief that a refinance is following at a much, much lower interest rate. This never eventuated  the broker actually tried to offer me 5 months later a loan from Provident Capital at 17% interest, thank God I did not accept the offer (which documents I still have).

Anyway my point is that there are not many people or places that we can go for justice and in the mean time these guys are running amok defrauding people like me who don't have a clue and rely on people in a position of trust to guide them. 

Doesn't matter! I will get there eventually. I am trusting God to come through for my family. When "push come to shove" He is the only constant we have.

All the best!


Just name and shame the whole lot of them Maria - give me their names and I will.  I know what you are going through.  You are just another of thousands of victims of ASIC being a dumb and useless regulator.  Report the solicitor to the Legal Practitioners Complaint Board in your state AND demand Greg Medcraft at ASIC takes a good long look at your case.  He says he wants evidence.  This will give him something to do.

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  • doyla66
    doyla66 Friday, 07 December 2012

    After learning more about Mr Medcraft every day, I am confident that with his "expertise" he knows exactly what tricks these dodgy solicitors and brokers use to scam everyday hard working people.

    The Aussie Gov. had faith in you Mr Medcraft, so please earn your keep and do your job as head honcho of ASIC. May I suggest that you can start by investigating Maria's case to reign in those dodgy solicitor mortgage scammers. Thanks in advance.

  • doyla66
    doyla66 Saturday, 08 December 2012

    Hi Maria, i agree with Denise, hound medcraft and force him to look at your evidence then send copies to Senator Williams and inform him of your predicament. Never give up and keep us posted.

  • doyla66
    doyla66 Saturday, 08 December 2012


    Thanks again for all you support!
    All the best!

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