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 Dear PM Our absolute disgust at ASIC who as the Federal Regulator failed us dismally # 35

  • Font size: Larger Smaller
  • Hits: 450
  • Print

16th July 2019


Hon. Scott Morrison

Department of Prime Minister and Cabinet

PO Box 6500  Canberra ACT 2600


Dear Prime Minister, Mr Morrison


The Sterling Group Collapse and ASIC Fiasco: $36 Million compensation


 My husband and I are victims of the Sterling Group Collapse and ASIC Negligence.


In February 2018 we invested $158.000 being all of our savings into Sterling New Life's.40 year lease plan through Silverlink Investments.


We wish to express our absolute disgust at ASIC who as the Federal Regulator failed us dismally. Had they done their job properly and taken appropriate action when they were first made aware of this scam, none of us would be involved in this shameful debacle.

 We have been honest, hardworking and law-abiding Australian citizens and this venture was to set us up for our twilight years, to enable us to live safely and independently. Not to live the high life Mr Morrison, just to be able to actually get by on the pension.

 Buyer Beware plays no part in this chaos. Nowhere was there a red flag to warn us, not in the media on the internet or in some cases after seeking legal and/or financial advice.

Our money has been stolen from us by the directors of the Sterling Group.

This was preventable, but ASIC whose job is to protect us from these crooks has let us down.

 Mr Morrison we are not asking for anything that is not ours.

We ask on behalf of ourselves and other innocent victims for an immediate resolution by doing what is the right and decent thing to do and see that we are

justifiably compensated with a cheque of $36 million dollars immediately.



Yours Sincerely

Last modified on
Rate this blog entry:


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

Leave your comment

Guest Friday, 04 December 2020