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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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Its time auditors moved into ASIC! Banksia is a  gorgeous Australian native shrub.  Yet there is nothing gorgeous about this company BANKSIA using the shrub name in vain and rhymes with Grub.  Wait until the borrowers come out of the wordwork and explain: "we were just pensioners and they enticed us into 2 year loans and we did not have to pay any payments, and then Banksia gave us blocks of land in worthless swamp territory."  Well that's according to the receivers of Banksia Securities in 2012.  I was there in the audience. ASIC was a distinct NO SHOW.  ASIC Commissioner told me face to face in Feb 2013: "Banksia Mortgages is safe - no, definitely nothing wrong with that one."  In answer to my question "what about Banksia Mortgages being a giant Ponzi?"  I explained what the receiver had said.  Commish just rolled his eyes, as one does.  Broker News...
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