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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 # 28

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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To:The Prime Minister of Australia hon. Scott Morrison,

Gross abuse of basic human rights and criminal activity of large number of people including some in public service.

 

Copies to: department of public prosecutions,   law institute, ASIC, and every other legal body including all the victims of crime and national and international media in letters to the editor.

 

We the victims of crime committed against us by: unscrupulous business people, the government and legal profession DEMAND that the government of this country immediately engage the service responsible for the upkeep of the LAW AND ORDER in this country, to stop and further prevent the criminal activity started against the large number of elderly law obeying retired citizens.    

It all started as a good idea, to give the retired people the opportunity to downsize their property and enable them to use some of the money for whatever needs they desire. The company called themselves " Stirling First "

My wife and I have consulted a "reputable " solicitor, who highly recommended the idea and the company involved. We sold our house in Murdoch and entered into a Lease agreement with the above company. Total investment was over 210 thousand dollars   

We started hearing some rumors that ASIC was investigating some people in the management of the company and were told that everything was OK. This was as early as 2017. 

The time passed and in May this year we were invited to the meeting where we were told that there was an investigation into the activities of some of the eleven companies under this umbrella. 

On June 10th this year we were invited to another meeting where we were told that we may not see any of our money we invested in this project, because the cost of winding up the companies will take all of the remaining funds.

Let me now explain my view of this situation.  Through the years of my education and work I had to study the Law of the counties where I lived and worked including the regulations and charter of United Nations and observed that in civilized democratic society we have the government of the people for the people. This government is financially supported through taxes, fines and royalties. 

In the structure of the government there is a department responsible for the upkeep of the LAW and ORDER. In cases where they are NOT able to prevent the CRIME the government through this service aprehends and punishes the criminals. 

In our case the government failed to prevent the criminal activity started by the group of criminals, and then failed to support the victims of the crime, allowing legal professionals ( vultures ) to financially strip the finances left after crime. Failure to prevent or stop criminal actions is the same as assisting the crime, and I am of the opinion that the sad situation we are in now is manly the result of the failure of the people we the taxpayers of this country are paying. 

IN THE NAME OF MY WIFE! MYSELF AND ALL THE VICTIMS OF THE CRIMES COMMITTED BY THE PEOPLE WHO STARTED THIS CRIMINAL ACTION THE ONES THAT ARE NOW ILLEGALY  COLLECTING WHAT IS RIGHTFULLY OURS D E M A N D that you immediately stop this action and engage the department responsible for LAW AND ORDER  to clean up the mess. 

 

Further to the above information I would like to ask a few questions; if we call this country a civilised democratic society, should we not have a government of the people for the people. If we have than why doesn't the government support and protect the people THAT ELECTED this government, why do we have to pay taxes when the work is done by private companies that charge huge amount of money, the money that retired people can not afford to spend. 

Why was the police not engaged when the knowledge of the illegal activity was noticed? 

Why is justice in this " lucky country " in hands of legal professionals, whose charges are far above the financial ability of the average person. 

Why we can not have the protection from criminal elements guaranteed to the citizens of civilized democratic society in other countries. 

Why do the hundreds of LAW OBEYING  ANT TAX PAYING citizens of this country pay for JUSTICE when the government spent $55 millions on only five asylum seekers that never contributed to our economy. 

There are more questions, but we will wait until we receive the answers to the ones mentioned in the this letter. 

May I point out that WE THE PEOPLE WHO ELECTED the present GOVERNMENT  have the same power to DISELELECT !!!

Integrity Investigator

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Guest Monday, 16 September 2019