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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Dear members For once the shoe is on the other foot, in the online magazine 'The Advisor" ( just google it) brokers and advisors are whinging and bleating poor me after being caught out by a former financial industry person turned scammer. When I first started reading the article I assumed it must of  been large sums of money but no it sums of a thousand dollars or less. These poor souls are calling on everyone from ASIC to the police to act to bring this known fraudster to account, they are victims of fraud and want the courts to act. Well, well welcome to our world and we aren't talking little piddling amounts of less than a thousand dollars, we're talking in excess of a million dollars in some cases. The irony of this story is a lot of these people are the very people we trusted and yet they...
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  • doyla66
    doyla66 says #
    From The Adviser ... "In July 2013, Mr W was ordered to pay $198,331 to the director of Consumer Affairs Victoria as compensation
  • doyla66
    doyla66 says #
    http://www.theadviser.com.au/breaking-news/29123-known-scammer-linked-to-latest-lead-con
  • doyla66
    doyla66 says #
    Lisa: they will create a Consumer Financial Protection Bureau, headed by no less than a 3star-General.. everyone knows the system
  • doyla66
    doyla66 says #
    OLd saying.. "You can con a con, ..but a mug will get you hung."
  • doyla66
    doyla66 says #
    Thanks, Neil - 'scuse me while I laugh - how much?? Only 3% of brokers were found by ASIC to be dodgy. 97% apparently ok. After t
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