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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 # 25

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Mr Shipton,

 

At what stage in your life did your conscience take leave? How do you sleep at night? And do you have enough room at your house to accommodate ALL Stirling New Life tenants/investors that have lost everything and are facing homelessness?

 

Surely elderly people left in such an abhorrent circumstance is something you find unforgiveable and as a human being would take necessary steps to rectify immediately! It is apparent taking action and doing the right thing is a foreign concept to the ASIC but today would be a good time to start!

 

My parents worked hard their entire lives, paid their taxes, abided by laws, treated people with respect and decency, and at retirement age face homelessness and ruin, a situation which was avoidable had the ASIC done its job correctly! My parents are intelligent people who would not involve themselves in a scheme had they not investigated it thoroughly to determine its security. Trusting the ASIC was one of their biggest mistakes.

 

Currently my parents are suffering indescribable stress to the point both have raised blood pressure and take relaxants from a Doctor to cope. Their life savings is gone and the prospect of being thrown out of their home looms. What a disgrace!

 

This situation will not go away quietly or any time soon. Do not disgrace yourself any further!

 

(Retirees’ reasonable Demand for Compensation from ASIC of $26 million within 8 weeks.

ASIC to publicly explain their four-year regulatory negligence in this matter.)

 

DO THE RIGHT THING!

 

 

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Guest Monday, 16 September 2019