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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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Subscribe to this list via RSS Blog posts tagged in ASIC Slackers
  Former Stingers and Underbelly actor Peter Phelps says his financial future is in ruins after claiming to have fallen victim to disgraced Queensland investment adviser Brad Sherwin. The Australian actor, who currently appears in the Network Ten series Wonderland, has claimed his 35 years' worth of superannuation - more than $400,000 - was "stolen" by former financial adviser Brad Sherwin, who chaired the now-defunct Wickham Securities. "Superannuation stolen by bankrupt 'financial adviser' Brad Sherwin," Phelps wrote on Facebook on Tuesday. "Was property investing super ... [and] the **** frauds us. "Kids future. Farm. Gone." More than 300 self-funded retirees lost up to $27 million after investing with Mr Sherwin's company Wickham Securities - a mortgage finance lender providing funds for borrowers buying or refinancing commercial property. Mr Sherwin ran Brisbane-based Wickham Securities with his brother-in-law Peter Siemons.   Wickham collapsed in December 2012, owing millions to investors. Related entities, including DIY Superannuation Service and Sherwin Financial Planners, went bust a month later, owing...
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  • Louie2U
    Louie2U says #
    So what will ASIC do this time? Probably get an attack of the willbees! Either that or they will simply write more of those useles
  • Aries
    Aries says #
    Dirty crooks the whole damn lot of them.......all corrupt helping each other to get away with crime.
  • Wayne
    Wayne says #
    Hopeless ASIC again & again & again shows their a dud....The doctor believes the regulators, the ASX and ASIC, failed to properly
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British investors trapped in Oz seek legal redress 2COMMENTS 2RECOMMEND Print this articleEmail this articleFacebookLinkedin           Many British nationals have joined a campaign to recoup their life savings after an Australian property fund collapsed last year. Investors have been told that they are likely to receive no more than 5p for every £1 invested in Queensland-based LM Investment Management (LMIM), particularly with regards to its Managed Performance Fund (MPF). The MPF, a wholesale product, is an unregistered managed investment scheme, according to Australia’s regulator, the Australia Securities & Investments Commission (ASIC). Because such schemes are not offered to retail investors in Australia, they are not required to be ASIC registered. However, the MPF was promoted outside of Australia, with assets under management of approximately A$396.6m (£222.3m) at the end of March 2013, when LMIM filed for administration. LMIM is now in the process of being liquidated and...
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  • Jetfighter
    Jetfighter says #
    ASIC has been way too slow to take up the slack on theses issues
  • Duped
    Duped says #
    Lazy ASIC gone on holidays, back later?
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