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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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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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He's the police officer used to taking on criminals and being faced with tough situations, but Sean Mcardle is tackling something that would scare the toughest of men — he is going into battle against the Commonwealth Bank. Video of program: http://aca.ninemsn.com.au/article.aspx?id=8528557 Commonwealth Bank statement: Mr McArdle commenced litigation against CBA. CBA denies the allegations made by Mr McArdle and is defending the claim. As Mr McArdle has alleged that he does not have to repay his loans, CBA has lodged a cross-claim to protect its legal position. As these matters are currently before the Court, we do not consider that it is appropriate to go into further detail concerning the legal proceedings. It is important to your story to note that the Commonwealth Bank is the only bank, of all the banks involved, to have established a Resolution Scheme which has enabled almost 2000 individuals to resolve their claims. ...
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  • doyla66
    doyla66 says #
    Hi Sean, all the best. Royal Commission Petition would assist all "deceived" aggrieved (former) "Storm Investors".(ps) Same "ambul
  • doyla66
    doyla66 says #
    Dear Ms. Brailey and all. My Name is Sean McArdle and it is my privilege to be a lead litigant against banks involved in the demol
  • doyla66
    doyla66 says #
    Go Storm Financial Victims!! We are all behind you with support, good thoughts and well wishes..!!
  • doyla66
    doyla66 says #
    Did 'light-fingers' Mr CBA fully disclose the LAF fraud perpetrated & fully compensate? Naaaada!
  • Denise
    Denise says #
    2000 satisfied with CBA's resolution scheme??? I doubt it. Tell those who settled to join us....we will tell you the truth and s
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