GLOBAL SUB-PRIME CRISIS

BANKILEAKS

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 

BFCSA
MORTGAGE
DISTRESS SOS

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.

Visitors

Articles View Hits
639218

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: Mr HASTIE MP I am appalled at your Dorothy Dixers (should be banned) - we have serious Qs

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
  • Font size: Larger Smaller
  • Hits: 203
  • 0 Comments
  • Print

Andrew Hastie MP

Federal Member for Canning

PO Box 968

Mandurah

WA 6210

 

Dear Mr Hastie

 

The Sterling Group Collapse and ASIC Fiasco: $28.6 Million Compensation

 

I am following up on my email and letter dated 14th July 2019. I do not want to be fobbed off with a reply from an assistant. It is time to man up, stand up for us and fight for us. Do you remember this from your first speech in Parliament:

 

“I have been taught how to identify a problem, create a solution and then work closely with others to get things done. I have not been afraid to ruffle feathers when needed and I am no stranger to accepting responsibility

 

We need an immediate solution to the problem of over 100 elderly retirees who have lost their life savings and potentially losing the roof over their heads through no fault of their own.

 

At a rally in Mandurah on 26th July 2019 the devastated victims of the Sterling collapse, under the guidance of consumer advocate Denise Brailey, identified and discussed that the following are Federal issues. They have also been included in her letter to the Prime Minister:

 

Centrelink: Landlords inability to seek rental assistance; 

Impact on the national economy re “Lease for Life” scams; 

ASIC negligence; Fake rescue offers from $2 companies; 

Liquidators accepting bogus offers;

Dangerous Buyer Beware policies; 

ASIC permitting constant streams of companies to rise and fall; 

Corporation breaches by directors; 

Failure to call in the AFP; 

Failure to protect out international reputation re white collar crime; 

Banks approval of the leases in relation to lending; 

Landlords being groomed in “secure future;” 

False claims re ASX fundraising; 

Information Memo’s used instead of Prospectuses – outlawed in 1999?

Using TRUST in the P/L name but no proper trust account in place;

Worthless and misleading guarantees; 

Characters known for collapses and registration of multiple companies in the stream;

Banks involved with inappropriate lending and credit checks. Verification; 

Property Management all linked into the system via shares; 

Lawyers who designed and profited from the inappropriate Contracts;

You may have contacted Hon Michael Sukkar MP about our plight but he has bare faced lied to us by saying that an internal inquiry within ASIC was taking place.

 

This is not happening and an inquiry has never been ordered. Madeline King MP read out a strong message of support in Parliament on 29th August, we need more people like her on our side. I am appalled by your lack of empathy for us and your ridiculous contribution in Question Time of a Dorothy Dixer.

 

We are an angry group and we will not give up; we will not go away. Please use your position and influence to fight for us and help us obtain $28.6 million compensation from ASIC or Treasury, it matters not where the funds come from.

 

A Royal Commission into ASIC is also required as ASIC is clearly not performing in its job of consumer protection.

 

 

 

 

 

 

 

Last modified on
Rate this blog entry:
0

Comments

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

Leave your comment

Guest Monday, 14 October 2019