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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 Blog

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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Rise of the vigilante   Email Print Normal font Large font John Collett SMHMay 2, 2007 Tracked down ... Kovelan Bangaru.Photo: Rob Homer   Fed up with the Australian Securities and Investments Commission's inaction, investors who lost their life savings in collapsed investment schemes are taking matters into their own hands. Having had their patience tested to breaking point, they are now tracking down promoters of failed schemes to their overseas hideaways and serving them with legal claims. Katya Barnes and her husband lost $160,000 with the property developer Streetwise, which collapsed in 2005 with more than $60 million in losses. Streetwise's founder, Kovelan Bangaru, fled to the United States soon after the collapse, after the regulator failed to freeze his passport. The Barneses went to California and, with the help of a private investigator, located Bangaru. He has since been arrested and is awaiting extradition back to Australia. In another example...
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