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.
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.
Former Stingers and Underbelly actor Peter Phelps says his financial future is in ruins after claiming to have fallen victim to disgraced Queensland investment adviser Brad Sherwin.
The Australian actor, who currently appears in the Network Ten series Wonderland, has claimed his 35 years' worth of superannuation - more than $400,000 - was "stolen" by former financial adviser Brad Sherwin, who chaired the now-defunct Wickham Securities.
"Superannuation stolen by bankrupt 'financial adviser' Brad Sherwin," Phelps wrote on Facebook on Tuesday.
"Was property investing super ... [and] the **** frauds us.
"Kids future. Farm. Gone."
More than 300 self-funded retirees lost up to $27 million after investing with Mr Sherwin's company Wickham Securities - a mortgage finance lender providing funds for borrowers buying or refinancing commercial property.
Mr Sherwin ran Brisbane-based Wickham Securities with his brother-in-law Peter Siemons.
Wickham collapsed in December 2012, owing millions to investors.
Related entities, including DIY Superannuation Service and Sherwin Financial Planners, went bust a month later, owing...
Sending everyone into poverty - no home no money: How does that assist the Australian Economy? Would the Prime Minister please explain what can be done to this ASIC REGULATORY problem? This email address is being protected from spambots. You need JavaScript enabled to view it. Our petition on chang.org at 830 persons ripped of and suffering regulatory corruption from white collar criminals: Calls for Royal Commission
This is the link and thank you for support as this is sorely needed and long overdue: https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-recommend-an-urgent-royal-commission-into-australian-banks-australian-non-banks-collapsed-companies-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners
Timid ASIC under fire over crackdown inconsistencies
Banking and Finance
Date September 6, 2014
Adele Ferguson
http://www.smh.com.au/business/banking-and-finance/timid-asic-under-fire-over-crackdown-inconsistencies-20140905-10ct4r.html
"What do you have to do to get banned for life?" federal politician Tony Smith asked the corporate regulator at a parliamentary inquiry in Melbourne on Friday. Smith was referring to a three-year banning order slapped on financial adviser Peter Holt for providing inappropriate advice to retail clients, including gearing them up with margin loans and high-risk managed investment scheme...
SWEEP UNDER THE CARPET ASIC Is the biggest blunder of all - yesterday's AFR - courtesy of Pierpoint
DOWN UNDER BLUNDERS - PIERPONT
This month's column is being quilled from Edinburgh, where a financial savant named Russell Napier is establishing the Library of Mistakes. The library is devoted to a history of notable financial mistakes, and your correspondent, as a savant in his own right in this field, was invited to give a paper. Pierpoint considered this a challenge. He had to prove that Australians were international contenders when it came to making business mistakes. Your correspondent decided to stick in relatively modern examples and emerged with the following list of 10 blunders that killed companies. Readers will be aware of plenty more, so your correspondent will not be surprised if there is some correspondence following this column. Anyhow here's Pierpoint's list.
Mistake number 1 - Misreading the market - Alan...
So what will ASIC do this time? Probably get an attack of the willbees! Either that or they will simply write more of those useles
Dirty crooks the whole damn lot of them.......all corrupt helping each other to get away with crime.
Hopeless ASIC again & again & again shows their a dud....The doctor believes the regulators, the ASX and ASIC, failed to properly
