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BFCSA: Prime Minister # 2. You ought to have been protecting us. Do not ignore us again!!!

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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PRIME MINISTER OF AUSTRALIA

 Hon. Scott Morrison

MP Department of Prime Minister and Cabinet

 

THE STERLING GROUP COLLAPSE:  $28.6 Million Compensation ROYAL COMMISSION INTO THE Australian Securities and Investment Commission (“ASIC”)



Dear Mr. Morrison,

I wrote you a letter addressed to your self via registered mail on the 15th July 2019

I also wrote one to your right-hand man the treasurer Mr. Frydenberg on the 5th July 2019

Plus, the chairman of ASIC Mr. Shipton on the 25th June 2019

As of today, the 6th august2019 I have received one response a generated email from the treasury on the 26th July 2019

Prime Minister this response was not even worth the paper it was written just a generic piece of useless information

But on the upside, I found a use for it

It helped start my fire Prime Minister as I have limited funds now and cannot afford fire lighters something by your lack of response and empathy that you would understand Mr. Prime Minister

As I stated in my opening

And as Parliament closes once again, Mr. Frydenberg has written an inappropriate response to the victims of Sterling collapse. He is falsely and mischievously claiming the Sterling collapse is a State issue.  I do believe they are federal issues Mr. Prime Minister

The FEDERAL ISSUES

 

• 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?

As you can see Prime Minister there are a few and none of them fall in to State issues

Correct me if I am wrong?

 Secondly, he is suggesting the Ponzi structure is a civil matter, when clearly, the deception involved is a highly recognizable criminal matter.  The Treasurer has been gravely misinformed, to the detriment of the aggrieved consumers.  Statements made by the Treasurer in public are inconsistent with active Consumer Protection.   

 

It matters not whether the Treasury or ASIC pay the $28.6 million compensation we seek. Yet these payments must be made within weeks, not months.  Two hundred elderly people need serious and immediate closure to the disastrous situation of being made penniless by stealth and being threatened with homelessness due to ASIC’s many years of neglect.  

 

The Sterling collapse of the Group of Companies has now risen to $28.6 million at last count of the register of victims.  As these matters and the urgency of the situation escalates, the demands for FULL compensation against ASIC will grow much louder over the coming weeks, and anger is building over the delay tactics and inappropriate excuses delivered.  We suspect there could be calls spread over three states.

 

The Sterling matter is easily solved by making an immediate one-off payment of compensation to the Sterling Victims and sorting out the ASIC debacle over the next two years.  We are also seeking an urgent ROYAL COMMISSION into ASIC.  

Mr. Hastie our local member  for canning  raised a ridiculous dorothy-dixer in Parliament this week, rather than mention his elderly and suffering constituents in Mandurah who are Sterling victims he doesn’t care for us

 Mr. Porter never raised his own constituents’ grieving either.  No FAIR GO from those MPs it seems.  Not one ounce of compassion.

AS a victim I  have had more experience in working hard for 50 years and as you suggest: “People who work hard deserve a FAIR GO.”  That’s why you got my vote in May Prime Minister

Its now your time to stand up and be heard 

 

I sold my family home to these (I will be polite here Prime Minister) . these people of sterling .

Sterling bosses targeted that particular demographic, and over the years revealed a pattern of setting up company streams and then collapsing them, aided and abetted by ASIC. Rentals are consistently over-estimated by $100 or more, per week. That’s right Prime Minister $425 per week more than the pension

 

Four things I now urge you to do Prime Minister

 

1: Please pay the compensation required to settle this matter and immediately

2: announce a Royal Commission into ASIC.

3: I urge you to respond to me Prime Minister not I some generated bullshit way but in a civil way an Australian way in a true way you are always welcome to come sit down and have a coffee and talk about it way

4: please get our local Andrew Hastie on side with us working with us for us not against us

 

As Prime Minister you ought to have been protecting us.  We have been calling out for you to help us.

 

 DO Not ignore us AGAIN!!!!

 

Sincerely

 

 

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Guest Monday, 14 October 2019