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.
http://www.crikey.com.au/2010/12/22/new-york-shows-asic-the-way-to-pounce-on-gfc-villains/
New York shows ASIC the way to pounce on GFC villains
Adam Schwab| Dec 22, 2010
The announcement yesterday that New York Attorney-General Andrew Cuomo is seeking $US150 million in damages from mega accounting firm Ernst & Young over the collapse of Lehman Brothers is indicative of just how irrelevant Australian corporate regulators have become. While US authorities have taken legal action against the likes of Ernst & Young, Goldman Sachs, Ponzi-scheme operators Bernie Madoff, Alan Stamford and Marc Dreier and Countrywide’s Angelo Mozilo — ASIC, Australia’s so-called corporate watchdog, has laid no criminal charges and only a smattering of civil actions against the villains of the GFC. In the claim against Ernst & Young, Cuomo claimed that:
E&Y substantially assisted Lehman Brothers Holdings Inc, now bankrupt, to engage in a massive accounting fraud, involving the surreptitious removal of tens of billions of dollars of securities from Lehman’s balance sheet in...
Hi Adam Thank you for taking the time to respond to my email.. There are so many Australians that have lost their homes to the banks. These people are victims of Bank Fraud and there is no authority in this country that will stand up for hardworking Australians to make the banks accountable for their predatory lending tactics. In years to come, historians will laugh at us and our economies for allowing this to happen without recourse. Shame on the banks for stealing the lives of honest hardworking people. I’m hoping the outcome of the ASIC review includes compensation for victims of bank fraud including members of the BFCSA who have provided indisputable evidence of the widespread fraud with yet no avail. To these victims, Australia is not the lucky country whilst the banks remain unaccountable for fraudulent documentation. Best of Luck Adam. Sincerely Rocco. On 5/8/13 3:00 PM, "Adam Bandt...
Commbank (CBA, Commonwealth Bank), Ian Narev, ASIC, receivers, Bank of Queensland, FOS, COSL (Ombudsman) are one big happy family that protect each other. What about your protection from them?
Compliments from Whistleblower001 :
http://www.youtube.com/watch?v=twuTszAHrvY
1:47 min. duration and well worth watching. Definitely ccmpulsory viewing for CommBank Board...............we are coming after you lot.
ED: Highly recommended you watch. Very Clever: It shows whose in bed with whom. One BIG FAMILY OF MALE MOBSTERS and the very GENE POOL we have been warning about....
http://www.crikey.com.au/2010/12/22/new-york-shows-asic-the-way-to-pounce-on-gfc-villains/
New York shows ASIC the way to pounce on GFC villains
Adam Schwab| Dec 22, 2010
The announcement yesterday that New York Attorney-General Andrew Cuomo is seeking $US150 million in damages from mega accounting firm Ernst & Young over the collapse of Lehman Brothers is indicative of just how irrelevant Australian corporate regulators have become. While US authorities have taken legal action against the likes of Ernst & Young, Goldman Sachs, Ponzi-scheme operators Bernie Madoff, Alan Stamford and Marc Dreier and Countrywide’s Angelo Mozilo — ASIC, Australia’s so-called corporate watchdog, has laid no criminal charges and only a smattering of civil actions against the villains of the GFC. In the claim against Ernst & Young, Cuomo claimed that:
E&Y substantially assisted Lehman Brothers Holdings Inc, now bankrupt, to engage in a massive accounting fraud, involving the surreptitious removal of tens of billions of dollars of securities from Lehman’s balance sheet in...
ASIC non action strikes again and again. When will government realise that they are incapable of doing their job mainly because th
