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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: Mr Shipton your Response to my first letter is appalling! There has been NO internal investigation
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Mr. James SHIPTON
Chairman of Australian Securities & Investments Commission,
120 Collins St,
Melbourne
VIC 3000
Dear Mr. Shipton
Re my letter dated 25th June 2019 Sterling First Collapse
First of all MR Shipton I would like to acknowledge your generated response to my letter one of the things I found very appalling was you stated in your generated letter this was a state issue am I correct?
I would like to ask you this can you tell me what the following are state or federal?
• 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?
To me theses are all federal issues can you prove me wrong?
Another point I would like to raise with you Mr. Shipton is on Sunday night the 4th August there was a news report on seven news
The report was in revelation about ASIC not carrying out an internal investigating into their handling of Sterling First group
It was a good view Mr. Shipton I suggest you take time out to watch it
It also went on to state that Mr. Michael Sukkar stated not once but at least twice on a radio interview that there had been the internal investigation in to ASIC taken. That was a lie. Its bad enough Sterling thieves stole our money, now the Government is covering up.
This has since been reported FALSE That there has never been an internal investigation.
Mr. Shipton how about coming out of the closet and revealing the truth and nothing but the truth we need to know now. You should resign immediately.
Sincerely
KG
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