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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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Subscribe to this list via RSS Blog posts tagged in australian politics

Posted by on in Corrupt Regulators
This is a piece of the puzzle: Who Runs (or Ruins) ASIC ...  http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=corporations_ctte/asic/asic_2012_2_Aug/index.htm   Is Greg Medcraft really to blame for ASICs poor performance - or is he the scapegoat for political influence resulting from lobbyists and other self-interested parties?  ASIC had the powers but didn't use them - why? ASIC had been around for many years under other Chairmen and had been even less effective - why?  Where is the list of donations to political parties and the list of meetings and lunches with large corporations and self-interested parties?  Look behind the regulatory facades and you will find corruption and enmeshment involving politicians, unions, regulators, senior government managers, overseas interests: the less obvious side of "business as usual" in Canberra. Politicians complain that Australians have "disengaged" with Australian politics. What they really mean is Australians seems to be less interested in the spruiking from the major parties as they see...
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  • doyla66
    doyla66 says #
    I could not agree more with you Lisa. A good write up.
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For years Gadens have had the lion's share of the action in the Australian Mortgage Fraud. It is a matter of public record that they have defended the perpetrators of Fraud, orchestrated the bullying and repeated efforts to intimidate blameless and innocent home owners and witnesses to the Court hearings all in the name of "Justice" - and been allowed to get away with it by some of the "bank blinded" Australian judiciary! If you'd like a few samples of Gadens' handiwork on behalf of NAB, Bank West, Ing and others use the BFCSA blog search engine or see austlii.edu.au Gadens aren't the only lawyers willing to do this type of work.  After all this BANK SCAM has been going on for years under the watchful eye of both major Australian Political Parties. All borrowers and BFCSA members should check their documentation and report in with a list of all legal...
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  • doyla66
    doyla66 says #
    Sorry Gaby - I worded that wrong. I was just actually was refering to our case only and the issues that have arose from it. As exp
  • doyla66
    doyla66 says #
    We have now two law firms. (There is five in the group- so have spilt it up). One barrister via one firm use to represent the bank
  • doyla66
    doyla66 says #
    You can add HWL Ebsworth Lawyers and Leonard Legal, both from Melbourne to the list
  • doyla66
    doyla66 says #
    Gadens execs are very short sighted. Once the massive fraud, theft and corruption of Australia's banking sector really hits the fa
  • doyla66
    doyla66 says #
    Ah! but Cooper's Grace and Ward were Hunt and Hunt's franchisee in Brisbane,in 2006 Hunt and Hunt dropped them,one has to wonder w
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David Collyer was right. Denise's evidence and assertions are based in many years' research. There is no room for speculation in the black and white of her evidence. It's FRAUD. What is more it is intentional, premeditated and well organised systemic fraud. How can the regulators and the politicians deny the facts and keep their credibility? They can't. Further evidence has been revealed since the initial hearing at the Senate Inquiry. It underlines the even greater need for a Royal Commission. The Australian public want the truth. Investors want the truth. Borrowers want the truth. Our international reputation is also under scrutiny. Surely it is part of the job description of any chief regulator or parliamentary representative to supply informed, well-researched answers not off the cuff comments based on assumptions and their own opinion in order to protect their jobs! They are paid handsomely to supervise and ensure the stability our...
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  • doyla66
    doyla66 says #
    Thankyou Carol, Andy and Peter. Our parliament is handicapped by the past and by their party political histories. Those days are
  • doyla66
    doyla66 says #
    What an Increditable post Lisa, every one of our weak and gutless politicians,heads of APRA, ASIC,COSL, FOS and Federal Police sho
  • doyla66
    doyla66 says #
    Watch this Space: Vote[1]LisaMartin Vote[1]DeniseBrailey - perhaps sit opposing sides "broom the middle"(save the worthy/repentant
  • doyla66
    doyla66 says #
    Politicians and bank executives take note: KNOWING & FAILING TO ACT IS A FAR GREATER CRIME. If you work in a bank and can provide
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National Anti-Corruption Plan  Corruption is a serious global problem, which has devastating impacts for individuals, families, communities and regions. It discourages investment and distorts markets, leading to depletion of resources for important community services like schools, hospitals and roads. In combating corruption, the Australian Government takes a leadership role at the international, regional and domestic levels. At the international level, Australia is a party to both the UN Convention against Corruption and the OECD Anti-Bribery Convention. Australia is a key member of the G20 Anti-Corruption Working Group having participated in the negotiation and development of the G20 Anti-Corruption Action Plan. In cooperation with China and Indonesia, Australia is currently leading a review of G20 priorities to strengthen international cooperation against corruption, and is also working on the development of the G20 Guide to Mutual Legal Assistance. Furthermore, Australia is an active member of the APEC Anti-Corruption Working Group and the...
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  • doyla66
    doyla66 says #
    Judging by this document - Australia is failing badly. RBA corruption and bribes, Australian Banks allowed to profit from fraud.
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