BFCSA Blog

Inquiry into THE POST – GFC BANKING SECTOR Submission 105 I note that many of the submissions already made to the inquiry deal with complaints about the behaviour and conduct of insolvency practitioners, and lawyers involved in enforcement action by secured creditors.  Some history of my involvement in insolvency and commercial litigation I have nearly 20 years experience dealing in the matters relevant to the terms of reference. Agtion became involved in the specialist consultancy discipline of a forensic analyst dealing in principally banking and insolvency matters as a result of it, and its associated companies being forced into so called “voluntary receivership” by a major bank in 1996.  The companies and I commenced litigation after the companies were released from receivership in 1999. The legal battle against the bank continued until it was resolved in 2007. I am experienced in litigation mainly due to my need to appear and represent...

0 0 0 0 0 0 The Human Race Film – a MATT NORMAN film Breaking News – High Court sets precedent against fraudulent banks 24 Jun 2010 High Court rules against financier of low-doc loans Message from Matt Norman; Before I let you read another great article by Anthony Klan, I just wanted to add my own thoughts on this outstanding result. This news comes just in time for my own high court application on the same grounds as below. The Supreme Court “MELBOURNE” are going to finally look at the professional misconduct of all cases against the banks they have deliberately turned away when they see the thousands of people who have all been led by the banks and the courts into losing homes, suicide, family breakups, bankruptsy because they are not allowing self litigants the chance to have their case heard. I also would like to say...

0 0 0 Hold Corrupt Bankers Accountable for Fraud   BY OLIMPIA LEE   Target: European Parliament   Goal :  Hold corrupt bankers accountable for their fraudulent actions   Big banks have been caught rigging global interest rates and ripping millions of people off, but they still have not been held responsible. Now, the EU finance regulator is standing up to big banks and taking action to bring much-needed reform. Urge the EU to stand up to the powerful bank lobby and hold corrupt bankers accountable.   It is public knowledge that big banks such as Barclays have tweaked global interest rates to receive more money from people paying their mortgages, student loans and other debts. This behavior should be punishable by jail, but Barclays only got fined a small fraction of its profits due to the powerful bank lobby. Considering the waves of banking crises that continue to affect our economies and livelihoods, a...

0 0 0 BANKS MAKE LOANS DISAPPEAR.   ADMISSIONS OF GUILT  in my view   COMMONWEALTH BANK AUSTRALIA, (CBA),  MACQUARIE BANK,   NAB.  STORM FINANCIAL SCAM.   Allegedly, either STORM FINANCIAL or the BANKS changed their financial records. They then closed their offices in Brisbane & the Gold Coast, allegedly putting the rest of their money into Challenger Annuities.     Pam Longmore of Broadbeach, Gold Coast, Qld,  was yet another victim of this scam.     Pam had 2 or 3 Loans that she didn’t even know the details of, through Macquarie Bank, NAB, & the CBA.  She was 63 yrs old & still had to work full time just to make ends meet. Pam was incredibly demoralised.  Distraught.   After talking to a friend of hers about her situation, the friend introduced her to a Financial Advisor. They had meetings at Pam’s home. The Financial Advisor, Robyn Cleeland, allegedly claimed that...