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BFCSA
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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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The emails have been flowing and the comments are from those suffering: eg from Peter: Unbelievable interview and Alan Jones actually understood what is happening. The blog by Aries has a hell of a lot of major points, all extremely important and is showing that this government doesn't care a dam about people who have been scammed by the banks.  The day of reckoning is upon us. If you missed out on ALAN JONE'S amazing and passionate please for Royal Commission which took up 45 minutes of explanation on what the Cowboys of the Banking world have been up to and why it is "so shocking - we need a Royal Commission."  The $30 billion - yes $30 billion profit from the Major Banks is disgraceful - "some one is cheating."  That Cameron Clyne resigned after five years of work with $7 million per year, $22 million bonuses, $1.1 million income...
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  • Aries
    Aries says #
    Alan Jones can't stand the ordinary people being victims of fraud or corruption. He fights tooth and nail until the wrong has been
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To:  Federal Treasurer Hon. Joe Hockey and Minister for Finance Sen. Mathias Cormann,  What are you prepared to fork out for aggrieved Older Australians caught in:- a) Retiree Bad Banking Advice and Strategies from Banker Engineered scams =  LOSSES of retirement funds? b) Pensioners and low income families - victims of Low Doc Mortgage  Lending scandal = LOSS OF HOMES? When is the inevitable ROYAL COMMISSION INTO BANKING products and services and superannuation scams likely to start please? http://policiesandregulatorycompliance.banking-business-review.com/news/bofa-offers-13bn-to-settle-residential-mortgage-disputes-170714-4319720 BofA offers $13bn to settle residential mortgage disputes BBR Staff Writer Published 17 July 2014 Bank of American (BofA) has reportedly offered to pay $13bn to the US reglators to resolve the long running defective residential-mortgage-securities sale investigations.  Sources familiar with the negotiations were quoted by The Wall Street Journal as saying that a meeting between the bank lawyers and the US Department of Justice (DoJ) aimed at settling the matter ended without any progress.  While...
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http://www.standard.co.uk/news/london/london-bank-executive-who-moved-to-us-shot-his-wife-dead-before-killing-himself-9596515.html Thursday 17 July 2014   JP Morgan bank executive from London shot his wife dead before killing himself in the US   A bank executive from London shot his wife dead before turning the gun on himself.  Julian Knott, 45, an executive director for J P Morgan, shot 47-year-old Alita repeatedly, police said................. The father-of-three was found dead alongside her in their home in Jefferson Township, New Jersey, on Sunday. He had worked in the City for almost 20 years before moving to the US in December 2012.  Mr Knott joined J P Morgan as a network services manager in 2001. He moved to New Jersey when he was promoted to be executive director of the global network operations centre.....................In a statement, police said: “Preliminary investigation has revealed that the two adults died as a result of gunshot wounds and the incident has been determined to be a murder/suicide. Julian...
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http://www.smh.com.au/business/intelligent-investor/banks-structured-to-deliver-poor-advice-20140526-38ye5.html Banks structured to deliver poor advice Intelligent Investor Date May 26, 2014 - 1:15PM  John Addis Something odd occurred last week, something that almost never happens in business, let alone financial planning, a sector famously impervious to the needs of its customers.  An industry body - in this case the Financial Planning Association (FPA), representing over 6,000 planners – argued the case for more regulation.  As a recent World Bank study noted, many of Australia's major industries are dominated by a handful of companies. They prefer to be free from pesky regulation so they can carry with their over-charging ways.   This tendency is nowhere more in evidence than in the 'wealth management' arms of the major banks, which have run a relentless battle against the proposed Future of Financial of Advice reforms.  So why would the FPA, which is arguing for better educated planners, the separation of products from advice...
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Bank Mortgage Fraud is a world wide phenomena....so what are we to do about that.  Numbers?  There are many more victims of Bank Fraud than there are banks but why is there a startling LACK OF PROSECUTIONS against Bankers for this criminal activity run by the Banking Cartels? No one Banker prosecuted in Europe, USA, Ireland, UK, Greece, Spain and Australia.  Why not?  If any one of us robbed a bank of a few thousand, the police would be breaking down the front door.  Are our Bankers above the law?  A secret bankers protection racket?  Why? And what are we all going to do about this world wide problem our children are no facing?  The evidence of foul play is overwhelming. http://www.blacklistednews.com/GAO_and_Wall_Street_Journal_Whitewash_Huge_Criminal_Bank_Frauds/34874/0/0/0/Y/M.html GAO and Wall Street Journal Whitewash Huge Criminal Bank Frauds April 30, 2014 By Bill Black, the author of The Best Way to Rob a Bank is to Own...
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1.  The Bank copy of the LAFs which were missing and never sent to Storm or the customers remained hidden despite a Senate Inquiry 2.   Banks Officers known as Business Development Managers BDM's frequented Storm offices - to teach Brokers how to use the CBA Service Calculator 3.  The Faxed copy of LAF from Bank (those who have secured their copy) differs from the originals. 4.  Only Brokers who kept their originals and ignored bank warnings to "shred the wet-ink LAF" have proof.  Proof the Broker was not the culprit 5.  Brokers are saying they were under instructions from Banks that ALL LAFs faxed to bank must have SERVICE CALCULATOR page and ICW (worksheet) attached to the LAF.   6.  Bank customers were told to sign  "we have read and understood everything" yet Banks only asked for three pages to be presented to all clients, knowing all other pages had to be then collated...
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  • doyla66
    doyla66 says #
    The more this unravels the more obvious it is that Operation Keep Lips Zipped has been on in earnest trying to cover A### and all
  • doyla66
    doyla66 says #
    There are plenty of questions to be asked isn't there. Why have regulators failed to take action, the reason is they are too close
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The public have deep sympathy for bush fire victims losing their home.  The public also arrive with buckets and mops to help strangers that are victims of floods.  Australia is a land that does suffer tremendously devastating weather curve balls and disasters at times. Another one for the salvation Army to pick up.  Victims says: "So I'm moving too .... no home, no $155K refund ......to who knows where now???  Another financially ruined, middle aged person who will soon be homeless.... How does that help our economy?? Yet when one loses one's home (as an older person) from a Bank driven Service Calculator Fraud on a deliberate TOXIC Mortgage, two porters at ASIC crack their knuckles.  Why is that?   Well failure for the public to understand this phenomenon of widespread bank looting of homes is all of the reasons Australians will be much worse off during the next 50 years. This...
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  • doyla66
    doyla66 says #
    That's dreadful. Ripped off by the lender then ripped off by the Australian injustice system. Perhaps the only way to deal with t
  • doyla66
    doyla66 says #
    Appalling how these banks string you along just to claim the maximum amount from borrowers who started off trusting these parasite
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Court dismisses Goldman Sachs hedge fund appeal CLANCY YEATES January 31, 2014   SMH An Australian hedge fund that lost $US67 million when it bought toxic mortgages from Goldman Sachs is a step closer to having its day in court against the investment bank, after a New York court quashed Goldman’s attempt to have the case thrown out. In a case launched in 2010, Basis Yield Alpha Fund is claiming the Wall Street giant engaged in fraud when it sold sub-prime securities it knew were junk in 2007, and then bet against the assets when the global financial crisis hit. Goldman had appealed for the case to be put into arbitration, and for the fraud allegations against the bank to be dismissed. But overnight, five judges from a state appeals court upheld a previous ruling, rejecting Goldman’s argument that disclosures it made to Basis could shield it from potential liability. The decision...
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