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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: Dear Mr Prime Minister $36 million needed urgently as soon as possible re Sterling Collapse # 21

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The Prime Minister of Australia

Hon Scott Morrison MP

Dept of Prime Minister & Cabinet

PO Box 6500

Canberra ACT 2000


Dear Sir

The Sterling Newlife debacle has claimed myself and my wife as victims. During our working life we did not have the luxury of superannuation so depended on the value of our home to give us some comfort in our twilight years,  Thanks to ASIC's ineptitude we lost $240,000 and will be paying rent for the rest of our lives out of the pension, so instead of a comfortable life it will now be one of misery. 

We urge you Sir to look into ASIC's failure and compensate us for our loss.  Its appears we have all lost approx $36 million and we need to know this will be paid as urgently as possible

Yours sincerely


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Guest Friday, 27 November 2020