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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: Angry Letters from Victims of Lazy ASIC re Sterling Collapse # 13

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Mr Shipton

We are a couple in our retirement years who are now facing the prospect of homelessness and financial ruin.
With trust we placed our life savings into Sterling NewLife via Silverlink investments.

The situation we are now in was avoidable had ASIC done their job properly
having been given notice and failing to act on our behalf and allowing ourselves and many others to invest as late as 2018.

We have worked our entire life, paid our taxes and lived within the law of the land.
Due to the negligence of ASIC we are in this unacceptable and horrendous situation which has caused us such stress that we have had to seek medical advice.

We are facing homelessness for placing our faith and  trust in the protection we should of been given by ASIC,
Therefore ASIC must be held accountable and rectify their failure to do the job correctly.


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Guest Monday, 16 September 2019