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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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Subscribe to this list via RSS Blog posts tagged in Timbercorp Investors dudded
Bad Bank of the Week is ANZ re its TIMBERCORP maneuvers. Wants confidential settlements to settle for pocket money, bury the bodies and then COVER IT ALL UP.     Timbercorp victims get four-week respite from writs Author: Adele Ferguson, Ruth Williams Date: 13/12/2014 Words: 688 Source: AGE       Publication: The Age Section: Business Page: 9   http://newsstore.fairfax.com.au/apps/viewDocument.ac?sy=nstore&pb=all_ffx&dt=selectRange&dr=1month&so=relevance&sf=text&sf=headline&rc=10&rm=200&sp=brs&cls=3238&clsPage=1&docID=AGE141213LG5HT47A57I   Thousands of victims of collapsed agribusiness spruiker Timbercorp have been given a four-week reprieve from the threat of being served a writ to repay a combined $394 million in loans owed to creditors that include ANZ Bank. Timbercorp's liquidator, KordaMentha, has also appointed former senior executive of Consumer Action Law Centre, Catriona Lowe, as an independent hardship advocate to help strike a "compassionate" deal for victims who are facing hardship after losing their life savings from shoddy advice to invest in the company's schemes. But at least one Timbercorp investor...
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  • Louie2U
    Louie2U says #
    This is precisely why a full Royal Commission is required. One that includes all these 'hangers on' to the process such as the lee
  • organza
    organza says #
    Makes you wonder how many have been silenced for a pittance. It's all part of the corrupt system making people believe their offe
  • Wayne
    Wayne says #
    Great to see someone taking it on... DON"T settle for pittance & most of all "EXPOSE" them for us all to see ..GOOD LUCK
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Timbercorp victims set to sue financial planners, while liquidator presses for loans to be repaid Date August 10, 2014 Ben Butler http://www.smh.com.au/business/timbercorp-victims-set-to-sue-financial-planners-while-liquidator-presses-for-loans-to-be-repaid-20140810-102gco.html Lawyers representing victims of failed forestry group Timbercorp plan to sue financial planners who reaped $92 million in commissions after advising their clients to invest in the company.  The move comes as Timbercorp liquidator KordaMentha ramps up the pressure on victims to repay loans they took out to finance their investment by launching a flurry of legal action in the Victorian Supreme Court. Financial planning networks whose members sold Timbercorp products include the CBA’s scandal-plagued Commonwealth Financial Planning and Sentry Group, which is owned by the bank that financed Timbercorp, ANZ.  BusinessDay has seen loan application forms filled in by clients who used financial planners that have blank spaces where the investor’s assets and liabilities are supposed to be disclosed.Timbercorp paid planners and advisers commissions of up to 10...
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