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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: PM Morrison "ASIC came to our home and told us STERLING was safe to invest money with" # 1

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13th July 2019.



Hon.Scott Morrison MP

Department of Prime Minister and Cabinet

PO Box 6500

Canberra ACT 2600


Dear Mr Morrison,




I’m sure by now that you are aware of our dire situation regarding the complete collapse of Stirling of which over 100 aged pensioners have lost our complete life savings after working for over 50 years paying tax for the country that we love and cherish only to be scavenged by Ponzi dealers of which your so called department ASIC have been aware of for over 8 years at least and avoided doing anything about.

Please tell me why are we as a nation paying them 450. Million dollars a year for not doing their job and policing these scum bags. ASIC called me and many others to see how we were going with Sterling,when they are telling me that all was good,shouldn’t they have been telling me how Sterling were going?

They ought to have been on their bikes and shutting them down that’s why they are employed isn’t it?. After ASIC telling me that all was OK we decided to invest another $25,000 on ASICS assurance that all was safe.

It is another case of forget about the Pensioners it doesn’t matter about them,even after 50years of taxation and no pension rises of any significant use for years,when the likes of yourself and others getting bigger rises per week than we get per year,and the cost of living sky rocketing.

And on top of everything else we are told by Centrelink that we no longer will receive any rent allowance,that’s a double whammy thanks very much Prime Minister what do you intend doing about all this? You will probably just sit on your hands and forget about your people once again

We expect there to be a Royal Commission about these PONZI scheme immediately.


Also we expect our money to be returned from the pockets of ASIC because they are responsible for this complete failure of DUTY OF allowing all this to happen when they were fully aware of what was happening.

We have also sent letters to your Treasurer Mr Frydenberg and ASIC Chairman Mr Shipton neither of which have replied which I find disgusting and we expect them to respond with some good news for all the Pensioners that are now struggling to survive.

After Losing our houses which we have signed a 40 Life Long Lease for which was our rent for a life time and lost our lifetime savings  we cannot recover and we are also having to pay more rent so we are paying twice and cannot afford.


We await your favourable response ASAP.

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