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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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BFCSA: Angry Letters from Victims of Lazy ASIC re Sterling Collapse # 16

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Dear Mr Shipton,                                                                                                                27/6/2019

I am one of the pensioners that has lost everything through the Stirling First collapse. As the chairman of ASIC can you explain to me how you could let Stirling carry on selling their lies and deceit? ASIC have been investigating Stirling since late 2016 but had not said a word. Alarm bells must have been ringing. I have lost $315000 plus $10000 which was supposed to be shares that were to be listed on the ASX. That never eventuated. What where you officers do during this time. Sitting on their hands. Really Mr Shipton with the resources and power ASIC have at their disposal scams like these should be stopped from ever seeing the light of day. ASIC to me seem like a toothless tiger. At 69 it is too late to start over again. Thank God we have Denise Brailey on our side. Mr Shipton if you have any back bone at all you will chase down the directors of Stirling and jail the lot. One of which is sailing the Greek Islands at the moment in his yacht. Mr Shipton we as a group will not let this rest and we will keep fighting with every last breath. All we want is our money back no more no less. I am a proud Australian and have paid my taxes all my life and I expect a fair go. So Mr Shipton 26 Mil is what we are after so open up your purse. ASIC have been deplorable in the way they have gone about this fiasco.

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Guest Monday, 16 September 2019