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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 # 22

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Chairman of ASIC

 

RE:  STERLING NEW LIFE – 

 

We are writing to you in regards as victims of Sterling New Life.  We had numerous phone calls and emails from ASIC via Michael Darch .

In all speaking and emails Michael assured us our money was safe and in trust.  This was a blatant lie.  ASIC was aware that the company was

Going under as far back as 2015.   Why did ASIC not act as soon as they were aware of the problems thus leaving all of us victims involved broke and in many

Cases homeless.  ASIC was not doing their job and just swept it under the carpet just hoping that the problem would go away.  All the allocated funding you receive a

Year to ensure that dealings like this are thoroughly investigated especially when you were aware that Ray and Ryan Jones , Simon Bell had been in trouble prior to Sterling New

Life.  We are now emotional wrecks through lack of sleep and anxiety ,a day doesn’t go by without out us being in emotional turmoil.

Now through your negligence you have totally destroyed our lives, our money and our childrens inheritance.  I HOPE ASIC IS SATIFIED NOW.   

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Guest Monday, 16 September 2019