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BFCSA
MORTGAGE
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What BFCSA Does...

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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  by Paul Barry The Monthly | The Monthly Essays | February 2011 | By mid March, America’s champion fraudster Bernie Madoff will have served two years of a 150-year prison sentence for stealing billions of dollars from his rich and famous investors. As he chalks up the anniversary on his North Carolina jail wall, our corporate cop, the Australian Securities and Investments Commission (ASIC), will have barely begun its action against Australia’s champion wealth destroyer Storm Financial Ltd, whose reckless advice cost 3000–4000 investors in Queensland, New South Wales and Victoria around $3 billion. Yet these financial collapses happened at almost exactly the same time: Bernie Madoff was led away in handcuffs in December 2008, just as Storm’s banks pulled the plug on the big Townsville-based financial planner and its unfortunate clients. There are, of course, huge differences between the two cases, not least that Bernie Madoff pleaded guilty and...
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  • doyla66
    doyla66 says #
    Bernie Madoff is serving 150 yrs in jail. Good. His son killed himself in shame. Good. Bank executives are next in line. Even bett
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IF PEOPLE who lost their homes in the Storm Financial collapse had instead lost them in a bushfire, would the government reaction have been different?
  Rae Wilson | 5th September 2012 7:00 PM "IF PEOPLE who lost their homes in the Storm Financial collapse had instead lost them in a bushfire, would the government reaction have been different?" Sunshine Coast police officer Sean McArdle, who was among 3000 clients who lost more than $3.5 billion when share markets fell in 2008, told a large crowd of victims at Redcliffe on Tuesday night he had no doubt the nationwide response would be "like nothing we've ever seen before". But he said this "tragedy" was not treated with the same compassion and victims, many small-time mum and dad investors with little understanding of the financial industry, instead had been viewed as greedy. Sydney law firm Levitt Robinson is running a class action against the Commonwealth Bank and Macquarie Bank for about 650 Storm victims. The action will run alongside the Australian Securities and Investments Commission case which...
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  • Denise
    Denise says #
    The original bank engineers have all jumped overboard with gold plated masts on their 5 star life-rafts and taken nice little bonu
  • doyla66
    doyla66 says #
    It's a crime, perverting the course of justice by way of CEO's knowingly suppressing &/or destroying relevant docs to cover-up the
  • doyla66
    doyla66 says #
    Good suggestion John W. Make those who were paid to show professional conduct and prudent decision making personally accountable f
  • doyla66
    doyla66 says #
    As a suggestion, why doesn’t ASIC or the other Lawyers involved PROSECUTE THE BANK’s CHAIRMAN, CEO, & EXECUTIVES, rather that the
  • doyla66
    doyla66 says #
    Instances of systemic parent-lender/broker endorsed LAF fraud ASIC's position: neglects, ignores or chooses not to 'ascertain' by
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