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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 # 39

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Att: Mr James Shipton (Chairman)

 Subject: The Sterling Group collapse


Dear Sir


I am writing to you to let it be known that I, as a concerned citizen, expect ASIC to take all necessary steps to bring to justice the perpetrators of the Sterling Group scheme.


The scheme was clearly designed to fleece stake holders of their collective contributions.  This was carried out in broad daylight for all to see.


Not only should the perpetrators be brought to account there needs to be some Commission or Government funds available to compensate the stake holders for their losses.


It is hard to imagine that on the beginning of your retirement with no real earning capacity left to recover from such a financial hit you find yourself in this predicament.


ASIC has not got a good reputation or track record in prosecuting corporate felons maybe this could be the opportunity to show the public that ASIC can achieve some tangible good.

 I conclude with the old adage “Justice delayed is justice denied”     


Members of the public care for these people.  They should not have to wait whilst you twiddle thumbs, nor wait years for court cases and no money.

The compensation asked for should be paid up next week due to their predicament.


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Guest Wednesday, 20 January 2021