Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697641318105.pdf (Australia)
Senate Standing Committees on Economics PO Box 6100 Parliament House Canberra ACT 2600 economics.sen@aph.gov.au 29 March 2016 Dear Senators, Senate Inquiry into penalties for White Collar Crime Penalties for CEO’s of banks who engage in criminal acts of Predatory lending, Asset stripping, Fraud etc: should receive 30 years with no parole, executives and associates 25 years no parole, their assets seized and proper compensation for the victims, they have stolen the victims money and assets through fraudulent means, they must pay all this back.
The CEOs incomes are in the millions, they must pay large fines for letting this low doc fraud continue, the massive pain and heartache they have caused mums and dads is unbelievable, the harm to the economy is not right, the total influence they have on the government is not right, this corruption must stop, at the moment they are above the law, this must be changed, they turn Australians into debt slaves through their fraudulent business model, the consequences of all this corruption is destroying our economy.
We need banks that we can trust.

Nothing less than a Royal Commission to expose bank wrong doing is acceptable, by law, banks cannot profit from fraud.

The crime by the banks here in Australia will continue because there is no penalty or no proper laws to stop them in fact the law protects them, Bank code S25 and all other regulations are routinely broken.
Every other day the banks are in the media for some fraud they have done, they have ripped off the Australian people for years, there has been suicides and many people’s lives destroyed because of the continual fraud by these people, it must be stopped and stiff penalties must be given, there has been so many senate inquiries into these banks.

When the banks lose money through corruption they make the Australian people pick up the tab.
I am a victim of control fraud by banks and the financial system a 10 year nightmare.

In 2006 we owned our home, our business and we had savings, it took over 40 years to build up through hard work, we were 58 years of age and thinking of retiring, we were asset rich and income poor.

We bought investment property to be self-funded retirees, not dependent on the pension.
The collusion between the Lenders, ASIC, FOS, COSL and their brokers plunged us into a nightmarish struggle in which we have lost all the equity in our home and investments, lost our life savings and business, and have become reliant on social welfare.

All aspects of our daily lives have become infected with anxiety.

We fear that we will never get out from these corrupt financial obligations.
We shun social contact, as we live in a constant state of apprehension and shame that we were so easily duped into this untenable position in the first place.

And we shouldn’t be ashamed; it is the banks, the immoral lenders who designed these toxic loans, who should be ashamed.

Predatory lending, deception, and fraud, asset stripping, we were honest with all our dealings with these people and they destroyed us.

They hide behind a wall of high paid lawyers and bankers no one will do anything to help us.
Lawyers tell us you have a good case but they will not let you go to court too many vested interests, which has turned out to be true, they stop us by duress, so this nightmare continues.

Criminal, civil and administrative penalties for white collar crimeSubmission 133 Self-regulation does not work stiff penalties jail time 30 years for defrauding the people of their assets and homes, all wrong doing must be punished severely.
The banks have no mercy on their victims that have been defrauded, and no incentive to change their ways.

ASIC, FOS and CIO the Regulators must be held to account they are the first place for consumers to go for assistance or guidance they the regulators know what is happening, they have a lot of the victims documents so are in a position to investigate but no they look after their bank mates.
The culprits don’t keep their money profits here in Australia, don’t pay their taxes, they tell the government what they want, no regulation or less regulation.

The Libor rate was changed by the banks to make super profits by fraudulent means.

Trio/Capital ripped off Australian people for hundreds of millions, there CEO still doing the same thing in England and Spain and getting away with it.
There is no laws that scare these bankers from committing wrong doing and fraud our own regulators cast a blind eye and let this happen.

Greg Medcraft the fox in the henhouse a great buddy of all the bankers getting paid by taxpayers to do a very bad job for the public, but a very good job for the banks.

FOS and CIO must go they just protect the banks.

Government has a lot of blame for this crime just look at their fob off letters, then they look the other way.
Self-regulation does not work stiff penalties jail time 30 years for defrauding the people of their assets and homes, all wrong doing must be punished severely.

The banks have no mercy on their victims that have been defrauded, they have no incentive to change their ways.

Their system of fraudulent low doc loans is akin to a Ponzi scam engineered and designed by the banks to asset strip Australians of their homes through interest only loans which can never ever be paid off, typical subprime loan.
The ATO know that these are liar loans and should not be allowed but the banks have the power to put these on the market over rule the government and politicians and regulators, through corruption and bribery even though they the banks know they done wrong, they don’t want to give back the money as Mr Fladder of Trio Capital said “Nobody gives back the money that’s generally a concept that human beings don’t engage in” a typical banker thinking the arrogance of these criminals ripping of Australian families and then getting away with it, no remorse or empathy for the victims, these people are being protected by the law through their high paid lawyers and the wealth stolen of Australians.
This list of bank fraud and wrong doing is being exposed by good people in the banks that have a conscience and report this to the media, no use going to the government or the regulators it is now in the public domain.

A Royal Commission now with wide ranging terms is the only answer to this corruption.
White Collar Crime will destroy our country; the greed of these people has no bounds the bank financial scandals, the rate rigging scandals, money laundering, drug trafficking, repossessions, farms evictions, low doc loans, predatory lending the list goes on in the end this will cause a financial collapse, you just have to look around the world to see the harm White Collar Crime has caused.
Confidential agreements forced on their victims to sign under duress and bullying and lies to get there way and to shut up their victims then use corruption and the law to back them, Australian victims of fraud have no money left banks know this and use these tactics to win their case.

We hope and pray to God that justice will prevail.


I know of 5 people that are about to lose their homes they are suffering in silence working to pay of impossible interest only loans, they are mentally sick, depressed and can’t help themselves, apathy has crept in, they say you can’t fight the banks, you won’t win.

They know it is fraud but no one is listening to them.
Many people are also in Criminal, civil and administrative penalties for white collar crimeSubmission 133 financial stress in our own area, banks don’t want people to know this, predatory lending, deception and fraud has caused all this insurmountable debt.

The banks here say sorry and apologise but do not change their ways, they just don’t care, and they are too greedy with their high income and bonus at the ordinary Australians expense, the vast amounts of money over rules their moral judgement.
Only jail time will cure this.

Thank you for taking the time to read my submission.

Criminal, civil and administrative penalties for white collar crimeSubmission 133