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BFCSA
MORTGAGE
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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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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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BREAKING: SMSF "one-stop shop" sees assets frozen, founder's passport seized Australian Broker News by Adam Smith | 06 Feb 2014   A collapsed SMSF one-stop shop has had its assets frozen and travel restraints placed upon its founders.The Federal Court in Adelaide has frozen all assets of the Charterhill group, a group of companies providing advice to clients on the establishment of SMFS, rollover of existing superannuation funds into an SMSF, sourcing and purchase ofinvestment properties, property management, insurance and taxation. The court also ordered founder George Nowak and his wife Betty Nowak to surrender their passports, and has restrained their travel outside Australia.The move came following an ASIC application, and an ASIC investigation into the collapse of the group is ongoing. Companies operated by the group have been placed under external control. The companies include:  Lending Solutions International Pty Ltd – liquidators appointed (Andrew Heard and Anthony Phillips of Heard Phillips) Nova Real Estate Pty...
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  • doyla66
    doyla66 says #
    If ASIC do their job properly this time rather than just use one as a scapegoat to pat themselves on the back they might even need
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ASIC DETERRENCE AND ITS APPROACH TO SECURITIES LITIGATION Justin Brereton, Barrister CONTENTSINTRODUCTION .............................................................................................................. 2 PART 1 – BEFORE THE CASE BEGINS......................................................................... 3 INVESTIGATION PROCESS AND ASIC’S LITIGATION OBJECTIVES ............... 3 Notices to produce books ............................................................................................ 3 Compulsory Examinations .......................................................................................... 9 The types of search warrant available to ASIC ........................................................ 13 COMPETING CONSIDERATIONS WHEN COMMENCING LITIGATION .......... 16 The commencement of proceedings and the use of compulsory powers .................. 17 PART 2 – ONCE THE CASE HAS STARTED .............................................................. 20 ASIC’S APPROACH TO LITIGATION GENERALLY ............................................ 20 The obligation to act as a model litigant ................................................................... 20 CONSIDERATIONS RELEVANT TO SPECIFIC JURISDICTIONS ....................... 22 Civil, criminal and civil penalty proceedings – when jurisdictions collide .............. 23 Civil proceedings ...................................................................................................... 28 Administrative Hearings ........................................................................................... 30 ASIC AS ADVOCATE FOR THE INVESTOR .......................................................... 34 ASIC’S GROWING SPHERE OF INFLUENCE ........................................................ 35       INTRODUCTIONJustin Brereton, Victorian Bar 1. This paper accompanies a presentation given by...
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