Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook

facebook3           facebook2 


What BFCSA Does...

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.


Articles View Hits

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Angry Letters from Victims of Lazy ASIC re Sterling Collapse # 35

  • Font size: Larger Smaller
  • Hits: 381
  • Print

25th June 2019



Mr James Shipton

Chairman of Australian Securities & Investment Commission


 Ref: The Collapse of the Stirling Life Group



Dear Mr Shipton

 We are writing to in Great Disappoinment of the Collapse of Stirling Life Group and the LACK of Communication regarding the investment.


 In January 2017, my wife and I Signed up to join the Income Stirling Trust for a 40 Year Lease, the start of our exciting retirement.  But this was not to be.  We invested All of the money we had from the sale of our home and All our Life Savings.


 We were NEVER informed of the Collapse of the Stirling Life Group and only found out from neighbours in general conversation.


ASIC has failed to consider the DEVASTATING effects and financial ruin this has caused to our family.  My wife Dawn has a Disability and this has Greatly added to our daily stresses.  This situation is not only putting us in a vulnerable state, but is also affecting the rest of my family .  We put everything into this and now don't which way to turn. One would think that there would be procedures and plans in place to stop things like this happening.


ASIC data base would have altered investigations to previous company collapses and breaches of the corporation law.   ASIC FAILED to take appropriate acton in 2007 and 2015.  The vunerable and older consumers were and are left unprotected.  Your Department  should have seen the red flags and if they did they were ignored.  Now we  are in a position where our retirement is not how we hoped it would be.



At the least the following should happen:

------    Obtaining our investment back plus pain and suffering that we enduring on a day to day basis.

------    ASIC  to be Proactive not Reactive.

------    Criminal Charges be laid to the Stirling Life Group of Directors.

------    ASIC to review all of their Operation Procedures.



Last modified on
Rate this blog entry:


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Monday, 28 September 2020