Wednesday, June 3, 2015

From NASGA's Victims Page: Yolanda "Linda" Hutton

Elder Financial Exploitation, Neglect and Abuse Victim
Violating Institution : Bendigo Bank
Suspects :  Bank Manager Christine Frankham & Susan Bogaard Paid Care Giver
Suspected Accomplice: Peter Hadley Wood (Solicitor/Attorney) 

Yolanda was the first Elder Financial Exploitation, Neglect and Guardianship Abuse Victim reported to NASGA from Sydney Australia in late 2013,  she was also a Victim of Australia's Institutionalized Elder and Disabled Financial Exploitation and Cover-Up's within Australia's Banking and Financial Services Industry.. !!

Yolanda is the mother of Mareea Watts and Tony Hutton (NASGA and Banking Abuse Advocate), both the Bendigo Bank and Bank Manager Christine Frankham have now been placed on NASGA's "Wanted List" and all information received by NASGA from Banking Abuse Whistleblowers in relation to either Australian or American Banks will be kept Strictly Confidential .. !!

Case History :-

Bendigo Bank Manager Christine Frankham and Susan Bogaard a Paid Carer of Yolanda Hutton were under New South Wales (NSW) Police Investigation from August 2011, during this time Bank Manager Frankham was suspended for 18 months from Bendigo Bank pending the Police Investigation.

Bendigo Bank Manager Frankham and her friend Susan  Bogaard had been appointed Guardians and Financial Managers of Yolanda Hutton (who in June 2007 was diagnosed with Advanced Dementia), until they relinquished their role prior to a Guardianship Hearing on 26/7/2011, due to intensive Investigation by the Australian Media .. !!

Following a story screened by Channel 7 News over 3 nights, the matter was referred to the Assistant Police Commissioner Nick Kaldas (the story was screened on 8/8/2011 - 22/8/2011 - 23/8/2011).

After the first night’s screening another family contacted Channel 7 in Sydney, advising them that their Aunt (Joan Douglas) had been befriended and allegedly targeted by Bendigo Manager Frankham in a similar way to Yolanda Hutton, when Frankham was manager of the Commonwealth Bank at Brookvale NSW... !!

Yolanda Hutton also had an account at the same branch of the Commonwealth Bank, at the same time and both where customers of Bank Manager Christine Frankham...!!

Christine Frankham left Commonwealth Bank in July 2002 and joined the Bendigo Bank at Dee Why as the Branch Manager,  Yolanda Hutton accounts immediately followed Manager Frankham to the Bendigo Bank... !!

A Current Affair (Channel 9, in Sydney) also screened a half hour special on 11/11/2011 that started with the story of a Sydney Taxi Driver. who was allegedly Targeting and Defrauding Vulnerable Elderly People, it then led into the Yolanda Hutton's Story and her involvement with Bank Manager Christine Frankham....!!
There were also articles in the Daily Telegraph by John Rolfe (News Director of the Daily Telegraph) on 8/8/2011 & 10/11/2011 relating to Christine Frankham, without Yolanda's name being mentioned for legal reasons, as Yolanda was a Protected Person (being a Ward or Protected Person the Daily Telegraph was unable to publish her name) .... !!

Different rules apply to Australian TV Media, who exposed Bendigo Bank Manager Christine Frankham, also published the name and details of the alleged victim Yolanda Hutton (with the Families Approval)... !!

The Family gained documentary evidence in the diaries of Just Better Care, found in Yolanda's home when Police forced access on 21/05/2011...!!

Just Better Care called at Yoland's home every day for about 3/4 of an hour to prepare her a meal, the diaries showed evidence of the horrendous alleged Neglect and Abuse of Yolanda, by her then Guardians Bendigo Bank Manager Christine Frankham and Frankham's friend Susan Bogaard... !!

Yolanda was in a Deplorable State on the 21/5/2011 when Police Gained Forced Entry to her home, as allegedly Bendigo Bank Manager Frankham and Susan Bogaard, had the locks changed for the third time at Yolanda's expense, to deny Yolanda's Family access... !!

Yolanda had been on the timber floor for up to 20 hours, wearing only a thin nightie, when Police entered the home. It had also been a very cold night, Yolanda was hypothermia, tachycardia, had a urinary tract infection, with impacted feces and severe scalding in her Genital Area... !!

Yolanda was taken to Mona Vale Hospital by Ambulance, Mona Vale Hospital Emergency Admission and Clinical Notes where also given to Police.

The Just Better Care Diary when transcribed consists of 120 pages, the diary continually mentions the poor state of Mrs. Hutton health, which allegedly Bank Manager Christine Frankham and Paid Care Giver Bogaard disregarded...!!

The most appalling evidence (apart from the alleged neglect and abuse) that was found, appears to be that Bank Manager Christine Frankham and Paid Care Giver Bogaard’s, efforts in arranging Yolanda to sign 4 consecutive wills in 4 years (8/9/06--13/10/06--30/4/08--3/4/09).... !!

In each of these wills Manager Christine Frankham was the Executor, with both Frankham and Bogaard’s percentages of Yolanda's Estate increasing, until the final will in 2009 arranged by the alleged perpetrators (before Yolanda was freed from this nightmare, making her last and final will)  .. !!

In the last will of this "Undue Influence" saga both Manager Frankham and her friend Paid Care Giver Bogaard, were to inherit the entire estate of approximately $1.5 Million Dollars, with an additional clause inserted, that if anything happened to either of them, then their share would have gone to "Their Children". They only allowed $20,000 to be given to one of Yolanda's Granddaughters Jacki Riley. Jacki was 1 of the 8 Grandchildren of Mrs. Yolanda Hutton... !!

Interestingly the Wills were prepared by Northern Beaches Solicitor Peter Hedley Wood from Wood Marshall Williams at Brookvale, who for some unknown reason MUST work under the supervision of another Attorney.... !!

It's also interesting to point out that Christine Frankham had been allegedly involved in a similar situation before, with another Elderly Women named Joan Douglas who died in 2004... !!

As we stated before in July 2002 Bank Manager Frankham left Commonwealth Bank, allegedly "Head Hunted" by the Bendigo Bank, where she became the Manager of it's Dee Why Branch... !!

Allegedly on 26/4/2000 Christine Frankham arranged to take Joan Douglas to prepare a new will with David Tuckerman (solicitor) from Rees Tuckerman in Brookvale, whereby Manager Frankham became a beneficiary receiving  $30,000 and Bank Manager Frankham was also included in the line of beneficiaries for Joan’s house at Beacon Hill... !!

In February 2001 Frankham allegedly asked Joan for a loan of $10,000 and this money was allegedly transferred to Frankham on 19/2/2001... !!

Allegedly Joan then had great difficulty in the loan being repaid and as Joan’s demands became more public, the loan was eventually repaid on 30/4/2001, allegedly $10,000 was withdrawn by Manager Frankham from Yolanda's Visa Credit Card account at Commonwealth Bank in Brookvale, where Frankham was previously a Manager (the card had a limit of $10,000 & had never been used before)... !!

Joan Douglas died on 18/12/2004, but Christine Frankham was unaware that Joan had made another will, where in Bendigo Bank Manager Frankham was no longer a beneficiary... !!

Allegedly when Bendigo Bank Manager Frankham discovered that she would no longer beneficiary, she then confronted Joan’s Nephew Frank Henry and major beneficiary, demanding $40,000. On 26/1/2005 allegedly Bank Manager Frankham arrived at the Nephew’s house at night in an "Aggressive Manner" demanding $40,000 or she would contest the will, at that point Frank Henry told her she was trespassing, asked her to leave and closed the door in her face..!!

Trying a gentler approach on 28/2/2005 Frank Henry alleges he received a letter from Frankham, in a "Bendigo Bank Envelope" again demanding $40,000, Joan’s Nephew Frank Henry ignored Bendigo Bank Managers Christine Frankham’s Demands... !!

Documents to support the above relating to the Joan Douglas allegations, where also given to the NSW Police. .. !!

Full Profile and Source:
NASGA:  Yolanda "Linda" Hutton

See Also:
Facebook:  BendigoBanksters


Charlie said...

Why isn't this ****** Christine Frankham in jail? I don't get it.

BendigoBanksters said...

Charlie, that is a question that a lot of people are now starting to ask, initially it was though that it was because of Australia's lack of Elder and Disabled Abuse Laws and that the Late Mrs' Hutton was deemed to be an unreliable witness because of her disability (they don't have the same Elder Abuse Laws as the United States)..!!.

But now it's starting to look more like a Cover Up because of the Massive Fraud and Critical Conflicts of Interests, that has been perpetrated within Australia's Banking Industry, every day the Main Stream Media has another Financial Scandal that is being exposed, with the Elderly, Disabled, Pensioners, Retirees and Seniors have been targeted because they are "Asset Rich and Income Poor" (ARIP)..!!

The Australian Banks and Trustees have been doing everything from Predatory Lending to People with Alzheimer's, right though to covering for their staff with Direct Acts of Fraud and Theft Against Clients, including anything you can think of between that...!!

If this case had of been correctly investigated and prosecuted, it could have exposed what is now coming out and would have been more than an embarrassment for the Bendigo Bank, it could have possibly brought down all Banks sooner and even saved people lives..!!!

The suicide rate has gone though the roof, with it also taking a heavy tool on Australia's Farmers, it really looks like "Institutional Homicide by Depraved Indifference" as we would call in the USA and a waste land left in the Banks Wake.. !!

Australia has been rocked by ongoing Financial Scandals involving its Banking and Financial Services Industry over the past 12 months, with two Senate Inquiries having now been held... the latest (ending in late 2014) looked into a Financial Planners Scandal involving the Commonwealth and Macquarie Bank's, with the Senators recommending a Royal Commission be held.

Subsequent to that Senate Inquiry other Australian Banks have been implicated in the the Financial Planners Scandal, also other Unethical and Possibly Illegal Banking Practices that has devastated Tens of Thousands of Australia's Retirees, Seniors, Pensioners, Elderly Disabled Persons and Farmers..!!

These Banks include the National Australia Bank (NAB), Westpac, ANZ Bank, St. George, Rural Bank, Robobank and Bank of Queensland (BOQ) just to name a few and it is not just limited to banks, as the entire Financial Services Industry is now being questioned, including Australia's Insurance Companies, Public and Private Trustees (that control Billion of Wards Monies).. !!

To date the Australian Government seems to be turning a blind eye to the Critical Situation at hand, with rampant Elder and Disabled Abuse running out of control, neither Prime Minister Tony Abbott or Treasurer Joe Hockey appear to be willing to show the Leadership required to confront the issue and end the abuse. .!!

Anonymous said...

Wow, Australia really is a penal colony,

complete with accents like real pirates!

Have you seen the Commonwealth Bank of Australia bribe scandal, the Spy on Senators scandal, the Bendigo bought Cyprus Bank scandal, the Whistleblower scandal.

Maybe the DoJ should charge everyone of them who's on the NY Stock Exchange.

Betty said...

What a horrible, horrible story. When the words gets around about what Bendigo Bank has done and allowed to be done to Yolanda Hutton, I would hope their current customers close their accounts in protest.

StandUp said...

This is clear undue influence in my book. Bendigo Bank must have alot of influence?

Jessica said...

I never really trusted banks, but for a bank manager to go this far is just pitiful. The fact that the bank didn't do anything about it should be not only an embarrassment to the bank, but it should have led to an indictment. Keep the heat turned up Bendigo Banksters!

Mary said...

What kind of bank lets someone like this within a 100 miles of an elderly person and even lets her keep her job after after this debacle..??

Robyn Lane said...

Far too much time has passed, this woman should be in jail! No justice for the people only for the bankers!

Robyn Lane said...

This woman should be in Jail, no justice for the people only the bankers!

Anonymous said...

Praying for this family and praying that the bank is held accountable.

Anonymous said...

The Bendigo Adelaide Bank is Australian or American? It has a branch in crime capital Cypus called Delphi Banque or something. Are they tied up to the greece debt default? A mattress sound safer.

Dan said...

I'm taking my money out of the Bendigo Bank, absolutely socking behavior.

Anonymous said...

I find it totally amazing that a bank could put someone in charge of a human, that is a horrable abuse of control, and is a huge conflict of interest!! Why is Bendigo bank getting away with this??!! Hopefully, bendigo bank takes a huge look at these people, and find them guilty of robbing a woman who could not do for herself. AMAZINGLY Sick!!!! Good luck to the family....

Anonymous said...

World Elder Abuse Awareness Day is on June 15th, it would be good timing for the Bendigo Bank to do the right thing about this finally... WOULDN'T IT

Anonymous said...

Australia is a sick joke.

Did you know they're head watchdog is a top banana on Wall Street at the same time?

Australia should report their bank watchdog to the dog catcher, I think.

Anonymous said...

I read the company might consider contemplating the possibility of chasing the top brass banks. Phew, that'll scare them.

Anonymous said...

Excellent expose, Nasga!!! keep the pressure on.

Adam said...

This boils my blood. If Frankham did this, she should be charged and taken off the streets so she doesn't do this to anybody else.

Sylvia Rudek said...

The facts of this case are so blatant for example:

Allegedly on 26/4/2000 Christine Frankham arranged to take Joan Douglas to prepare a new will with David Tuckerman (solicitor) from Rees Tuckerman in Brookvale, whereby Manager Frankham became a beneficiary receiving $30,000 and Bank Manager Frankham was also included in the line of beneficiaries for Joan’s house at Beacon Hill... !!

The word: BENEFICIARY has red flags waving and then follow the $ yet no action on the part of the predatory tactics of the bankers continue without interference.

Enabling the banks to be free of consequences of financial exploitation to continue with their tactics while no one knows the true number of victims. Free to continue with no deterrent to stop.

The walls of protection are thick and deep.

Ann said...

The bendigo bank destroyed my parents lives, may they all burn in hell.


No wonder their mascot is a PIG, they employe them and I will never do business with them again either...

Margret B. said...

The banks here in Australia are completely out of control, every time you turn on the T.V on or read the papers, they have been caught out again and Tony Abbott does nothing.

It just breaks my heart to hear what has happened to this elderly women and her family, may she rest in peace and I pray that justice is finally done.

Joey said...

What has Australia come to, the Banks are now running the place and they are running this country right into the ground with their unquenchable lust for profit over ethics. The elderly are now treated like dirt and our farmers are killing themselves because of the banks, anyone that watched that show Banking Bad on Four Corners could see that the Government is just doing the bankers bidding. This story just takes the cake, God help us all when we get old, is all I can say.

Old Dave said...

Doesn't surprise me at all about the Bendigo Bank, half of their franchises fail and the community is left holding the baby, typical bankers really and they don't care what mess they leave behind because the government always bails them out.

Well I think its long overdue to re-regulate the banks, nobody trusts them and you would be a fool if you did at this point, as for Tony Abbott he's no leader and he has no vision.

Mandy said...

How many more people must suffer before the Government takes action against this sort of thing happening, its been happening way to often and nobody seems to be able to stop it.

Isn't this a country of law anymore and why is the Goverment not doing anything about it..?

Anonymous said...

The Bendigo Adelaide Bank must be hurting from this exposure. Have you seen the youtube clips from their top national news stories? Shocking!

Anonymous said...

Fix this scandal now I say.

Anonymous said...

We went to Queensland Civil and Administration Tribunal regarding my father and how his third wife was subjecting him to mental anguish, physical neglect and financial abuse.

The Public Trustee was asked to look into dodgy bank transfers, etc, and did nothing. Bank manager was also complicit.

Poor Dad - he died in hospital from broken bones from a fall - with no blood family allowed to visit.


All we can hope for is Karma.

Gwen said...

I was reading the Age this morning and ASIC are looking at putting the Bank Executives in Goal, the sooner the better I think !

Anonymous said...

Fantastic even more Human Rights Violations, Tony Abbott and his Government couldn't do a worse job even if they tried, its a National Disgrace.

What is it that Alan Jones said on the radio "One Farmer is Killing himself every 4 Days" because of these banks, now our old folks are being abused and the Federal Government does NOTHING..!!

Anybody would thinking that we had a Rightwing American Republican Government and not an Australian, but wait most of the Banks are Foreign Owned, so maybe we do ... ?

As to the Bendigo Bank, may they suffer the Great Aussie Curse: May your Chickens turn into Emus and Kick your Dunny Door Down...!!

Anonymous said...

If the banks got fined of up to 20 million every time, they or one of their staff ripped off an elderly or disabled customer, this would all stop tomorrow.

Anonymous said...

Its this culture of corruption that has now infected everywhere within society today, organizations like the bendigo bank spend to much time asking themselves can they do something or get away with it and not enough time asking themselves should they do it in the first place. Some time in goal might give these bankers the time they need to reflect on what they have done, but then most of them are sociopaths and will never change.

Natasha said...


Anonymous said...

The ozzie bank regulators are as useless as tits on a hefferbull.

If she's American, the Embassy help the family?

Don't they have an SEC down under the knowledgable exporter of securitization to Europe, Greg Medcraft?

Send in the Cavalry!! blogger said...

Rugby great Senator Glen Lazarus can tackle elder abuse with a thud.

Carl said...

What Dirty Rotten Scoundrels Frankham and the Bendigo Bank are, I'm not surprised that she and everyone else is not rotting away in jail, it's almost like these bankers are bullet proof.

ASIC did manage to charge Westpac's David St Pierre with fraud after years and many were elderly or vulnerable people, but this has been going on for decades and everybody knows that there is a lot more that have never been brought to justice.

The lawyers are just as bad as the banks, channel 9's John Martin became the victim of solicitor Bernard Kevin O'Donnell, he was at least "Struck Off" for his antics and they haven't put him in jail yet.

But at least he was struck off, where as the banker Frankam got to keep her job and I don't see any justice in that, but banks are a law unto their own.

Tony Abbott won't do anything, but if it was his mother that was abused it would be another thing entirely, he would be wanting Frankham in jail that very same day and the Bendigo Bank would be paying him compensation before the bank closed for business.

Half of the LNP Goverment are ex- investment bankers or have close ties to banks and even the Treasurer Joe Hockey's wife is some hot shot at Deutsche Bank, talk about a conflict of interest.

There are so many people that should be in jail in Australia for white collar crimes, that its become a joke, I don't have any allegiance to any political party and I know two things.

I won't be doing my banking with Bendigo Bank and I won't be voting for Tony Abbott the next time we have an election, I am disgusted with the both of them at this point..!!

Anonymous said...

Typical that we find out about this from a yank website and though social media, the banks have been covering up all of this for the last 15 to 20 years at least. The Bendigo Banks CEO Mike Hirst was in the papers, telling everyone they had no right to copies of their loan applications and now many thousands of seniors can't prove the predatory lending fraud that they have become victims of like my husband and I.

What happened to this family is more than horrendous, the banks are taking peoples homes and farms all right, but to steal somebodies mother like that is the an act lower than a snakes belly. The Bendigo Bank will continue to lie, that is what the banks do now here in Australia and the Federal Government is useless, they should have announced a Royal Commission into the Banks last year.

However the people in our government are more interested in lining their own pocket at our expense and the political donations that they get from the banks, mining companies and big business.

Russ said...

The Bendigo is nothing but a bunch of lying corrupt mongrel dogs, I remember seeing this on television and always wondered what had happened, like everyone else that have been ripped off by a bank nothing has happened, with the pain and agony continuing.

Thanks for letting Oz know what the latest is NASGA, it's organizations like yours that keeps us informed and of things that neither the banks, nor our own government wants us to know.

Sorry that you in American have been drawn in on Australia's dirty little secrets, this is absolutely not the best light for our country to be seen in, but it all needs to be exposed and thank you.

AnAmericanCousin said...

I though that our banks here in the United States where bad until I read this, we have nothing on the banks Down Under, they are more than just ruthless.... They win the Son of a B*tch Prize of the Century, hands down...!!!!!!!!!!!!!!!!!!

Anonymous said...

You can never trust the bureaucrats at the NSW Trustees and Guardians, the same thing happened to my late father over 10 years ago, with an account/financial planner that befriended him and he ended up my fathers estate. The politicians were useless and did nothing but just talk, with the cops saying they didn't have the powers needed to investigate it properly, I felt sorry for the cop that had our case, he tried his best. These weasels know that there is protection orders around what we call "Protected Persons' in Australia (I think you call them Wards in the USA) and even the cops can't get to the bottom of things and all these sleaze bags do is shut up and say nothing. it appears like everywhere else in the world elderly, disabled and guardianship abuse is taken seriously, except in Australia and I have been reading the posts on Boomers Against Elder Abuse about high profile case like Peter Falk, Glen Campbell and Casey Kasem. What Peter Falk's daughter Catherine and her Catherine Falk Organization is doing is amazing, to get State Laws changed and stop the isolation. that predators use to perpetrate their financial exploration and theft of estates. I hope you keep the pressure up on the Bendigo Bank NASGA, the more international pressure the better, the Ozzie Pollies won't listen to us, but they are scared of how their International Reputations look upon the World Stage.

Jay said...

My friend from Australia emailed this link, telling me how bad thing are in the banks down there. WOW she was right, this is bad, really BAD.. !!

Anonymous said...

When are people going to wake up to these criminals, this is what they do ever time. They get some half baked ambulance chasing crooked lawyer, to tell them what the loopholes are and how not get caught by the police, then they isolate a ward and start ripping them off blind. The families are then cut out of the picture and they proceed to wealth rape the individual for every penny they can, it happening every day and the banks are the worse, both here in the good old USA and in Australia too.

Nancy said...

Beautiful between Parasitical Guardians and Corrupted Bank Management, what chance do old people have..??

The saying "Live Hard, Die Young and Leave a Good Looking Corpse" looks darn good after reading this story... !!

Deb C. said...

Sickening, put them all in jail and throw away the key.. How dare anyone outside of a family interfere like, this especially a Bank Manager whose in a position of trust and its not like she hadn't done something like it at the Commonwealth Bank before.. !

Steven Lawson said...

Soulless corporate people who put profit above all. I am now a man with no country. This land is foreign to me now. Hard working people are relentlessly crushed whilst those in authority give themselves pay rises and believe the little people will continue to endure this system of feudal rule. Sociopaths the lot of them

Anonymous said...

I just woke up this morning to read an article by Adele Ferguson in the Sydney Morning Herald, that a 3rd Senate Inquiry was announced into the banks headed by by Senator David Fawcett.

With a wide-ranging terms of reference that will target loan defaults, and whether the banks deliberately engineered some of them to sell people up.

Then someone posted this to my Facebook Timeline overnight, and now I think we need a 4th Senate Inquiry into how the banks have treated elderly and disabled customers after reading this little charmer.

Tony Abbott has to do something soon about the banks, day by day more and more is being exposed about them, how on Gods wide Earth did this manager ever get away with this and why the dickens didn't Bendigo just sack her and put things right with the family is beyond me.

The Bendigo must have had something else to hide, just like every other bank does, Tony Abbott had better call a Royal Commission soon or lose the next election..!!

Anonymous said...

Talk About Abusing A Position Of Trust...!!!!!

Anonymous said...

The abuse in Australia is swept under the carpet too often.

The politicians know its rife, just look at mainstream stories like the Channel 7 and Channel 9 news on Mrs Yolanda Hutton or newspapers like this on.

BankReformNow uncovered great stories as did Dr David Pascoe ReproOV Vet, shock jock Alan Jones and their Senators. Senators are onto the Engineered Defaults as well, finally.

Bendigo Bank won't be on the Bankers Association Xmas Card List the way this is going down. :)

Never forgive, never forget!

Anonymous said...

Whoa!!! Saw this on Bankreformnow and bendigobanker and bankvictims.

Reopen the Aussie Alcatraz in Port Arthur!

Anonymous said...

Thieving maggots like this should be thrown into the darkest prison, in solitary confinement and isolation, the punishment should suit the crime.

Anonymous said...


Big hugs from Down Under for spreading BankReformnows' and nasga's expose of the rampant bankersterism down there. Al Capone must be green with envy!

Looks like the Australian Senators woke up to predatory lending to asset rich income poor oldies who think banks are still run by honest men in cardigans and bow ties. Their politicians can't be that blind deaf and dumb, can they? Can't they ask their wives what they really do all day at the bank? :)

Anonymous said...

Good Lord,

Please help the Bendigo Bank warm the cockles of their heart (if they have one)with a few truckloads of brimstone.

Disgusted said...

The Bendigo Bank can't let this go on, surely.

Supportive Residents & Carers Action Group Inc in Australia said...

Thanks to people like Marcia, BendigoBanksters, BankReformNow, and Catherine Falk Foundation, the Australan Senators are firing up the grillers down there. Look at this from the leading Australian newspaper.

BENDIGO and Adelaide Bank will be ordered to appear before a Senate committee to explain its behavior towards thousands of investors who put $1.8 billion into the failed Great Southern managed investment scheme.

Labor senator Sam Dastyari said he would summon executives of Bendigo and Adelaide Bank to front the committee into forestry managed investment schemes within the next week, after accusing the bank of “negligence or complicity”.

The decision follows reports in The Australian on Tuesday that thousands of small investors stand to lose homes or be bankrupted under a settlement between some investors, former directors, liquidators and the Bendigo and Adelaide Bank set to go before the Victorian Supreme Court on October 28, with almost $400 million still owed.

Senator Dastyari, who is chair of the Senate Committee into forestry managed investment schemes, said he had been inundated with complaints about Bendigo and Adelaide Bank and its debt demands on investors.

In many cases they were being asked to pay three or four times their initial investment in Great Southern because of interest and exit fees.

“Unfortunately what we have seen in Great Southern is not an isolated incident, but it is increasingly part of a pattern ... I think it’s time the behavior of Bendigo and Adelaide Bank was called into question,” Senator Dastyari told The Australian.

Senator Dastyari said he believed the behavior by the bank was “unconscionable”, especially given the scheme was facilitated by financial adviser practices and corporate structures now deemed illegal.

“I believe we also have to be asking a higher test; that is, how is it acceptable that we are allowing a handful of banks to profit from behavior that we now deem illegal?” Senator Dastyari said.

He added that he thought the banks either knew the state of Great Southern — described by investors as a Ponzi scheme — before becoming involved, or they were not exercising due caution for shareholders.

“The question has to be this: ­either the banks were not aware what was going on in places like Great Southern … or they were completely aware of what was going on when they became involved,” he said.

“Frankly, both of those outcomes result in questionable banking behavior.

“On the face of it, it would ­appear it is negligence or complicity.”

Notices would be sent to Bendigo and Adelaide Bank next week informing them of the need to appear, with the committee hearings to take place as soon as practically possible, given the urgency of many debtors’ situations.

So far the committee has been focusing on the collapse of forestry managed investment scheme Timbercorp. However, after being overwhelmed with investors’ stories the committee will now turn its sights on Great Southern and the role the bank played.

Liberal senator Bill Heffernan also called for a full parliamentary inquiry into the issue, similar to the recent inquiry into the behavior of Commonwealth Bank ­financial planners.

Leo Shanahan
The Australian :-

Banana Republik said...

Outrageous!!!!!!! An international embarrassment! Are they deliberately trying to be achieve true Banana Republic status at the UN?

Bank Reform Now

NEWSFLASH / Elder Abuse Alert - Bendigo Bank and Bank Manager Christine Frankham have just been placed on the "Wanted List" of the USA based National Association to STOP Guardian Abuse (NASGA). If you only read one bank abuse story in detail today please make it this one (link below). Bankers, lawyers, accountants are known to steal the funds of elderly and disabled people. Why is Bank Reform Now excited that NASGA is taking the Bendigo Bank Scandal seriously? Because our own government is doing nothing to stop bankers and other professionals from engaging in these types of heinous crimes. How many years can the government pretend there is no problem? How long does the Hutton family have to wait before the bank and banker pay for their unconscionable conduct?

Folks in the next few days BRN is going to post a powerful interim measure to help families that have been ripped off like the Hutton family - but we need your help.

Contact PM Tony Abbott and Bendigo Bank CEO Mike Hirst and let them know how angry you are that Bendigo Bank has abused the public's trust. Full restitution and compensation must be paid to the Hutton family. Spread the word now and support our proposals for reform coming up over the next few days.

Tony Abbott -

Mike Hirst -…/contact_us/index.asp

Bendigo Bank Facebook (you know what to do folks
smile emoticon

Story Links below (& in comments section below post at Bank Reform Now page).

>> NASGA Exposes the Bendigo Bank / Frankham Scandal -

NASGA wants you to contact them with anymore information about Frankham or of other Aussie Bankers abusing elderly clients -

Other Recent Stories of Elder Abuse -

>> Crooked Accountant -…/accountant-sentenced-over-…/6500810…

>> Crooked Solicitor -…/greedy-solictor-steals-from…

By the way folks - apparently Christine Frankham is also on another list - the ASIC watch list. It is quite likely that watching will soon give way to action. Who will act first - the government or ‪#‎BendigoBank‬? Watch this space folks.

Pistol & Boo said...

What happened to the lucky country?

Frank said...

Once upon a time banks and bank managers where trusted people and institutions within our society, those days have log pasted and never likely to return, never again will any of us be able to take the trustworthiness of our banks for granted.

Listening to the wisdom of those that know what they are talking about, the downward spiral of control fraud started when President Richard Nixon effectively took America and the rest of the world off the Gold Standard and the final nail in the in the coffin of honesty, was when President Bill Clinton signed away the last of the Glass Steagall Act and Deregulated Derivative Trading in 1999.

They do say that when America sneezes, the rest of the world Catches a Cold, this time the world has caught is more than a cold, its more like a Cancer, a cancer that is eating away at the very fabric of local communities and society in general within Australia.

We've all been reading the newspapers and watching the television stories about the ongoing corrupt culture within our banks here in OZ, only now is the magnitude and ramifications being realized by all of us.

I personally have no questions in my mind that ASIC and the AFP should have been notified immediately about what happened to this poor women, however we are now learning that ASIC was or is, either Ineffective or possibly Corrupted itself. We have also discovered Financial Ombudsman Service is actually under the control of the banks, no wonder they have proven to be useless and always acting in the banks best interest.

This story even predates Jeff Morris blowing the whistle on the Commonwealth Bank back in 2008, that led to the Senate Inquiry into the Commonwealth Bank that ended in late 2014, so we have to ask how has this all just been covered up for so long and why haven't the Politicians acted upon it all long before now.

The Banks Senior Management now have the creditability of Child Molesters running Kindergartens in Australia and the present Government doesn't fair much better I might add. Its a good thing that Australia has much longer statures of imitation than the United States, so if the Goverment and Opposition are serious about chasing the banks and making banking safer, they can and this case would be a Good Start...!!

Anonymous said...

What sort of sick twisted mongrels are these people at the Bendigo Bank, most banks are happy just stealing peoples money, they allowed a manger to steal a human being and devastate her family..!!

Guess "Which Bank" has no ethics, morals or principles, it's the Bendigo Bank.. !!

Anonymous said...

We've been fighting Sandhurst Trustees, Sandhurst is part of the Bendigo and Adeliade Bank over the collapse of the now failed property lender Wickham Securities (Sandhurst was their Trustees), most of us are elderly and have been completely whipped out because of them.

Don't trust a word that either Sandhurst or the Bendigo says, they will lie to their back teeth, just like every other bank in Australia, thanks for getting stuck into the Bendigo and Adeliade, they deserve everything they get Nasga,.!!!!!!!!!!!!!!!!!!!!!!

Grace said...

Here's another one with a $100 Million Dollars with the Rural Bank, it looks like the POLICE are AWOL from this one also.. The story say "The Bendigo Bank subsidiary Rural Bank and three of its senior executives have denied accusations they were complicit in an elaborate fraud allegedly used to steal a database worth as much as $100 million".

The Bendigo Bank and all of it's evil off shoots have been running these scams under the radar for years, bring on a Royal Commission and lets clean it all up, once and for all.

Chuck said...

WTF: The folks down under don't need a royal commission, as they call it, to clean these messes up, they need SEAL TEAM SIX to do the job.

Any body got a problem lending them a Seal Team or Two :)

Anonymous said...

They don't deserve to hold a banking license.!

Rosemary said...

This is totally appalling and completely unacceptable, why hasn't the government done something about this long before now.. ?

Morris said...

Elder abuse is the most under reported crime in Australia today and even when the media gets a hold of it, nothing is ever done about it. Financial Exploitation is the most prevalent, with it degenerating into isolation and neglect. I have read the comments and press releases made by the Australian Bankers Association about the banks role it stamping it out, they just look like the usual lip service given by bankers.

How dare the Australian Bankers Association stand there with a straight face every June 15th, telling us all how great they are about Elder Abuse, when this has happened and nothing is done about it. They're as bad as the people that perpetrate the crime, with their hubris and hypocrisy knowing no bounds.

Andrew said...

Come on Abbott, for the love of God, do something about these banks.

Bank Reform Now said...

We have just put up a proposal - we call it the Frankham Bill. It asks the government to set up a bank funded compensation scheme to help victims of predatory bank practices. The first group to be funded should include cases like that of Yolanda Hutton. More details here -

Anonymous said...

The banks have been targeting older people because they already have their mortgages paid off and they think that because their old, they are ripe for the picking.

They see nothing but dollar signs in their eyes, banks always have and always will, watch what happens with this one. When they eventually give her up, they will just call her a Rouge Manager or a Lone Wolf, when the problem is more wide spread in the bank.

Anonymous said...

I'd rather put my money under my mattress, than trust this bank.

Anonymous said...

You should see what's on

The banks can't be accused of discrimination because they do this to everyone down there.

Anonymous said...

In the race to the bottom, the Bedigo Bank has won by a Kentucky Mile.

Anonymous said...

What kind of scumbags do such a thing, the bank will never live this down.

Timothy said...

They must be atheists at the bendigo bank, not believing they will one day meet their maker and judgment day.

Anonymous said...

We now appear to have a lawless financial system, just stacked ready for the next global financial crisis, with the most vulnerable in society right in the firing line.

Claire and John said...

We live in the UK and we've got some good friends in Australia, that have been sending us the news links of what has been going on down there. The control fraud is unbelievable and the government is doing nothing. This is one of the most tragic stories that I have seen, other than the suicide's of so many farmers, its as bad with the Australian Banks as it is with the UK Banks.

Anonymous said...

Hasn't this bank done their level best, to destroy their own reputation.

When you think about it, who would trust any bank these days ?

Tiger Fan said...


Sue said...

Its a sick twisted joke how the elderly have been treated by the banks and the government in Australia, we are getting more like a 3rd World Country by the day, lagging behind and throwing our seniors under the bus.

We have had corruption here since the first days on the original colony, even the police where know as the rum corp and its not looking any better in the present day.

Nobody should be shocked by what has happened here, the entire structure is set up for disasters like this one, with a history of ongoing cover ups that have been taking place since the get go.

When you deregulate any service industry this is inevitable, human nature takes over and the rot sets in, then when it is discovered and exposed, they all close ranks to protect one an other.

Self reporting or self regulation by institutions like banks was a preposterous idea, ask yourself a question, would you report yourself to the police if you had committed a crime.. of course you wouldn't and neither would a bank.. !!

The John Howard LNP Government virtually gave the banks a license to steal and they have taken full advantage of that, with the present Liberal National Party Government and Tony Abbott allowing the banks to get away with blue murder.

Unless the banks are re-regulated and severe penalties put in place for the Management and Board of Directors of the Banks, you can only expect a lot more cases like this one and things to get a lot worse,

As to Elder Abuse in Australia, that has also been a dirty little secrete that has been swept under the rug, now with the internet it is becoming impossible to cover over and only a fool would think that the Government and Bureaucrats can hide that the issue any longer.

Anonymous said...

Good now with the internet, there seems nowhere to run and nowhere to hide anymore.

Russ Hinze's Ghost said...

Holy Moly!

Their Central Reserve Bank of Australia and Legal Practices Board & Commission are up to their neck in iternational bribery cases, say the Uniting Church Submission to Sam Dastyari's Bribery Investigation.

They don't have laws from the Lincoln Era! They don't have laws from the days of Bonny and Clyde and the Keystone Kops.

Someone should Chase the crooks' subsidary bank in Bendigo Melbourne Victoria.

Baxter Coleman said...

Shame Shame Shame on them!

Mr Egregious said...

They're bad down there.

They passed an egregious ethics law that will allow their ethics police to question lawyers for foreign political figures and foreign government lawyers. "Excuse me but we need to know about your foreign government files"????. Can you believe that? They're buffoons. Corrupt, stupid and evil.

Karma said...

Did you see what the Australian Financial Review said - this American Express Case in Australia went to New York, and ended up back at their Reserve Bank Murray Inquiry.

The internet blames that Finance Ombudsman Scheme Ltd because its a rigged Arbitration game, as Robert Reich's Alliance for Justice says.

Holy Raviolli! An Australian LIBOR trader is off on Conair One too. The Collins Street Bankers must be worried.

Anonymous said...


That Law Ethics Board is run by Miners Frackers Oil and Banks, AND it is the only people that can investigate if it's lawyers are ethical!

Look at this!!!!

I'm not surprised to hear that the Aussie Bankers want this legal board to run the whole nation's legal ethics racket.

What say you Members of the Grand Jury??? Oh wait, they don't have those either.

From: J Pearce, ED, LIV


I refer to an email received by the LIV on Thursday 24th December 2015 with the subject, “Ethics complaint by Howard Bowles”.

The LIV does is a member’s organization and does not handle complaints against practising solicitors. Whereas the ED of the LIV provides ethics advice to members facing current ethical dilemmas, the appropriate forum to lodge a complaint against a practising solicitor is the Victorian Legal Services Commissioner.

John Pearce | Legal Ethics Solicitor
Law Institute of Victoria, 470 Bourke St, Melbourne Vic 3000, Australia

Anonymous said...

To J Pearce

I heard from a Member of Parliament they went to the SEC instead of to Caesar about Caesar.

I also heard that all the Independent Senators with Nick Xenophone (spelling) and Glenn want RICO laws and task forces to go through the protection racket apparently. There's a few candidates running in the Australian elections on anti corruption platforms that the Legal Services Board wanted to know about. Why would a legal ethics body want to know what the Independent MPs were looking into, btw??? Hmmm.

Anonymous said...

Toni at invited people to email in requests for them to publish the names of lawyers in Sydney and legal ethics boards. There's another case where the ethics regulators pulled Law Institute Trust Auditors off different cases of suspected elder abuse. Unfortunatelty the pull-ees were caught out in lies and their own have whistle blown to the SEC during the G20 in Brisbane. Since them some lawyers were caught with drugs and with emails as they colluded on court cases against the DoJ and class action customers of credit cards. The National Association of Consumers and Hoffa's Teamster Association aren't happy with the ethics of the ethics lawyer we heard.

Anonymous said...

I think they're toast.

What are the odds that the Ravelo collusion and drug case doesn't overturn other global settlements too?

Frankly I'm not surprised if the whole FOS-ASIC-Legal Board- CBA Spy Scandal-Pell and Everything cases are in the SEC Reports. The Legal Board are up to their eyeballs in it. Do they waive Privilege if they blab to Witnesses for the SEC Office of Sean McKessy? Just asking. Oh, and how do those US SEC Rewards for Tip Offs work, and is the legal board backed by the assets of the State of Victoria?

Anonymous said...

Speaking of Cardinel Pell, Police leaked a story about 10 altar boys that Cardinell Pell allegedly knew too well. I wonder if its about those strange boxes the police found on a farm? Bigwig Mick Michael McGarvie was best mates with Pell and golly was he upset when police arrived unexpectedly to change the locks. But will the new younger MPs cover things up? Anti-ped Bill Heffernan is retiring, so is the ex lawyer Kelvin Thomson. Phil Ruddock was onto the banks, but he's now suddenly decided to take up a posting too good to refuse. The "Republicans" are losing 1 a week due to scandals like bugged? Rolexes from chinese billionaires. How stupid are they? The place is a disaster. The real Socialists in the ALP Party are as bad. Queen Elizabeth should fire them all!

Anonymous said...

Thanks BankReformNow for the link to Nasga. This is shocking and I think the USDOJ are looking into things down there. As Four Corners Nick McKenizie wrote (Foriegn Bribery Submission 40 something) Kara Brockmeyer wants to see some elite discrete specialty units in Australia. The crims are running the law, the whole shebang!

With reference to the evidence at Federal Parliament by the Commonwealth Bank's lawyer David Cohen, the Board' staff threatened members of a family of retired US Police and other potential witnesses. The witnesses reported the LSB's own concerns with banking lawyers to the FBI & SEC before the Bank's IT Manager Jon Waldron was arrested, and Cohen told Senator Fawcett that the Bank didn't see Police until after the FBI & NSW Police arrested Jon Waldon. The question I have is why did the LSB threaten people like BankReformNows' witness Elliot Sgargetta and Glen Jones, but protected Trevor McTaggart' crew. Why did it threaten to deregister lawyers for witnesses? Why did McGarvie lie to the accountant for The Hon Robert Clark? Why did all their tales to witnesses come to pass later, and why did they cover up? The $10m computer contract and its $2m bribe will cost Computer Science Corporation $100,000,000 says court filings by their lawyer Peter Walsh at Potter Anderson Corroon Lawyers. The lawyers for Mastercard, Hausfeld' want to sue the Legal Board as well. In conclusion, the cover up by the legal services board looks huge.

Thanks for the update!

Shareholders said...

Simply as an update, will the Auditors at computer science corp (CSC) sue the Guardians of Unethical Bank Ethics?

1. You will recall that Elliot was on ABC TV in 2014 and he lobbied for a Royal Commission. The Australian Labor Party says it WILL have a Royal Commission into banking. The Independent MPs and Greens also want one. This will be a huge issue in the Elections in Australia.

2. The Jon Waldron I.T Bribery Case was quizzed in Parliament. The Legal Services Whistleblowers were right

– the Commbank’s CEO and the General Counsel knew about the bribe

- Somehow the Whistleblowers inside the Legal Services Board knew to tell Elliot to report, and he reported it before the CEO went to Police. (Hopefully that helps the whistleblowers prove that they are entitled to a reward if the SEC ever fines the Bank)

Anonymous said...

Thanks BankReformNow and NASGA for exposing this horrific example of bad banking.

Howard Whistlebolles said...

According to, the run a shady operation:

In the VLSB' hunt for witnesses in an anti-pedophile group, the Victorian Legal Services Board's tips came true, and their own customers went to the FBI as recommended by their insiders. Fiona Barnett.

"VCAT, the Victorian Bar, and the Legal Practices Tribunal – The Sting

One of the most effective ways to disempower a whistleblower is to annihilate his legal team and supporters through threat and intimidation. This has been continual since the seriousness of potential exposure loomed in 1995 and 1996 due to the startling evidence at the time. One solicitor chose to quit the profession and the fathers current legal team has been at the end of the hammer of the Network ever since they took on the task in 1996. That is Gabriel Kuek of Access Law and David Perkins senior counsel who has represented the father over the many years that this matter has remained unresolved.

Since taking on the case both have been the target of various state government run agencies who have the ability to use intimidation and manipulation of the law to get their required result and that is to destroy them so that the father has no ability legally to defend himself. David Perkins is presently facing disciplinary proceeding where it is reported the Legal Practices Tribunal may disbar him. The whole matter rests on these trumped up contempt charges for telling the Tribunal member that because of what he did in perverting justice was inexcusable.

The VCAT Act says that you cannot insult a member as it could place you in contempt of court. Tribunal member Davis could not bear the truth of Mr. Perkins statements in October 2000 and probably together with former bully Kellam J (who was VCAT president at the time) issued proceedings against Perkins to charge him with contempt. The contempt proceedings in VCAT December 2000 were a farce in that nothing was inquired of the Tribunals behaviour to have warranted such a submission made before a judicial officer. Insults aside; it was true! But it gave the network a golden opportunity to wield their evil intent against Perkins to try to finally eradicate him as he cost the government millions of dollars in penalty court payments for discovering their corrupt and bullying ways, and now representing a father who has the potential of exposing the networks corruption in a satanic/paedophile cover-up, he needed to be attended to finally. Perkins was never into ‘clubbing’ with the legal fraternity so on the outer of other lawyers and their mate judges so in 2003 the Victorian Bar decided to do their part in ridding their ranks of this danger by also charging Perkins with misconduct under their code and further the process by placing it before the LPT to hammer the final nail in the coffin.

Anonymous said...

The SEC fellow called his Senior Counsel in on a call about the Legal Board of Vctoria and they fell off their chairs.
Australian Anti-Paedophile Party Dear Dr Pridgeon,

we're shocked at Australia's cover ups.

Good luck with the Royal Comission because you're almost there to get one

Executive Summary: If there are pedos in the law, often its shrouded in lots of "he said, she said" family law. However we might have a case that's different. Can you imagine a legal services board that goes so far out of its way to protect a famous mining fracking accountant "Trevor Shane McTaggart" that it can't tell the difference between the landlord and the tenant?. Next it disagrees with everything and with whistleblower reports.

But the whistleblower reports come true with unguessable things like Ian Narev and David Cohen's admissions they really were aware about whistleblowers in the Commbank Bribery Case?

Or unguessable things like there really were undercover agents on a cocaine truck from California to New Jersey like the cocaine busts on Mastercard's Lawyer Keila Ravello. Her partner in crime is in Bloomberg qoutes as saying "I still can't tell how this unfolded". (The Legal Services blew the whistle to undercover police we think).

Or the Colombian Shipping Container that disappeared from Mick Gatto's wharf. Who steals from the Calabrians and the Colombians! Better still, why are the legal services board's Tina Stagliano named in the reporters' files and in McGarvie's files on Trevor McTaggart.

Yes, the crims couldn't see it coming, but the whistleblower reports reported it all. Is this the chance to expose the connection between crook lawyers in the "ethics police" and crims who use them to search for doctors against peds and crime?

We went to the Victorian Legal Ombudsman Kate Hamond (she is the newspaper in an article headed "Victorian Lawyers are Evil and Dumb"

and to Senator John Madigan (he wants a Royal Commission into the child custody area of the family law court).

Police came but, in between them leaving for "Operation Purana Police" to come, the place was cleaned up and vaccuumed by someone who can move shipping containers very very fast.

For very strange reasons the Victorian Legal Services Board people blew the whistle in hints to people with contacts in television and politics. Afterwards the Legal Services Board chased everywhere to find out what law enforcement agencies knew, like the American SEC.

Very suspiciously the Legal Services Board pretended the landlord wanted "his" boxes from under the stairwell (but they were the tenant boxes, mostly brochures for Asian skyscraper developments and a place called "Old Mill Road" in Healesville Victoria).

We think everyone should report the legal services board to someone because "it all came true".

Most reently, a few weeks ago, the Commonwealth Bank's David Cohen confirmed in the Parliament that Ian Narev was told about the CBA Computer Bribes Contract at Computer Science Corp, like the witnesses reported to the American law agencies in 2014!

(We've dubbed the Legal Services oard whistleblowers "The Oracle of Delphi").

Good luck with the Election Campaign.

Might we suggest that you tee up with groups who want a Royal Commission into the banking sector. In that area criss crosses the cocaine, the Trimbole Family "debt collectors" unlicensed lawyers, accountants in mining, and corrupted legal elite.

Our whistleblow-ees are flabbergasted by the accuracy of the whistleblowing.

Best Wishes

Submitters to Senator Peter Whish-Wilson's Senate Inquiry into White Collar Crimes.

Subject: US & 17 States v Amex, Mastercard, Visa;

Fushin' trip said...

The Aussie Election shapes up as Anti Royal Commission Bankers vs the Royal Commission Lobby. The Opposition Leader "Shorten" says he wants bankers in the Dock. (Is that 'slang' for those uuum fishing trips??)

The Royal Commissioners might to rent a very big fishing boat :)

Anonymous said...

Ian Narev's lawyer "confessed" they knew about the bribes that affected Computer Science Corp! Some Forces of Light arranged Parliamentary Inquiries to quiz him! What's a Prelate Act for RICO?

Anonymous said...

Cardinel Pell's pal Michael McGarvie should be referred to the Anti-corruption watchdog "IBAC" says his own lass Jenny Pakula.

Is it true they pretended to be "a landlord" and used "anonymous" complaints (by Trevor McTaggart's mob) to find out about international bribery crimes?

Is it legal and ethical for the Victorian State Government's Legal Ethics Board of Miners & Frackers to spy on politicks on behalf of miners and frackers?

Someone who fire up Airconn1. Can you imagine dragging unethical ethics lawyers into the slammer? :)

Who is Brendan French?

Anonymous said...

Looks like high profile federal prosecutor Eileen Decker has a Commonwealth Bank executive Keith Hunter up on a sentencing hearing for international wire frauds against shareholders. The newspaper says Hunter might go away until he's 100 years old.

Anonymous said...

The SEC IRS FBI & DoJ have the Commonwealth Bank of Australia's I.T Expert Jon Waldron on an arrest warrant. His co-accused faces Disgorgement of about $30m too. were onto this during the elections of the politician in Queensland who helped the Huttons with Bendigo Bank too. Great to see the US Cavalry arresting bankers in Sydney.

Blind Freddie said...

Wow, The Commonwealth Bank's two Chairman David Turner & Catherine Livingstone, Secretary-Lawyer David Cohen, CEO and "all" the non executive directors were served with a class action today for concealing moneylaundering and counter terrorism violations. Meanwhile the Julia Gillard Scandals continue. Radio Host Michael Smith asked the Federal Court to remove Gillard's former business partner Judge Bernard Murphy from the Bench. Smith's complaint says:
Monday, 09 October 2017
The Honourable JLB Allsop AO Chief Justice
Federal Court of Australia Dear Chief Justice,
MURPHY, Bernard Michael - apparent misconduct as a solicitor - fitness to sit as a Judge; From 1986 to August 1995 MURPHY was a partner in the law firm Slater and Gordon.

Slater and Gordon acted for the Australian Workers' Union Victoria branch from 1988/89 until MURPHY's departure from the firm in August 1995.

In 1995 MURPHY was the firm's senior partner and head of its industrial relations practice. He was a fiduciary to the Australian Workers' Union.

Anonymous said...

The server of the bank lawyers' friend, Howard Bowles, has words on it like 501c3, PAC, SEC, FBI IC Unit and racketeering. Richard Dennis' lawyers also reckon there's a racket, no matter what Michael McGarvie advised his Victorian Minister for Counterterrorism Robert Clark in response to complaints by accountants that Bowles' foreign government board passes information to very shady characters while Austrac investigated breaches of anti moneylaundering and counter terrorism laws by the I.T Department in the Commonwealth Bank of Australia. Great to see the Bob Katter's "cross bench" want Turnbull to be sacked so a Royal Commission can investigate things like cartel laws. See Also good to see that I.T Vice Presidents in the CBA will be extradited. Foreign Boards shouldn't use their Act to cover up for crims and moneylaunderers, should they?

Anonymous said...

The State of California is one of the largest stockholders in that Australian bank, "Commonwealth Bank", that's at the center of 53,000 breaches of international counterterrorism and moneylaundering laws for years. Newspapers say that the whole Board at the bank could be sacked by institutional shareholders like First Superannuation because the bank concealed the violations for years and hoped that Australian regulators, like Fiona Bennett's ethics board ans "APRA", could stop US Federal agents. But the anti-terrorism agency AUSTRAC wasn't going to cover it up. Do you think the bank's VP David Cohen should surrender his passports (plural), or should he be grabbed at departure lounges and whisked away on Airconn1 to Guam for questioning?

Anonymous said...

The DEA and IRS got the lawyer for Mastercard, Keila Ravelo, to admit her role with criminals that doctored Australian Reserve Bank documents which affected US cases like US & 17 States v American Express, Mastercard and Visa. Let's hope that Ravelo hands over all the lawyers and bankers involved now that the giant scam on retailers and consumers was exposed.

Anonymous said...

The Royal Commissioner Judge Kenneth Hayne - Finally - says he WILL hear from bank victims. The webpage of the Australian Council of Trade Unions also wants to hear from victims. Do you think its ethical and legal for foreign boards to lean on customers of the Victorian Government legal ethics board during covert undercover work on criminal transporters of narcotics and Reserve Bank Amex Mastercard and Visa information that was doctored in Antitrust Cases in order to scam US stores to settle for pennies on the dollar? Or do you think that foreign officials shoul be extradited for running a protection racket to keep criminals and their lawyers, like Keila Ravelo, safe from US justice?

Anonymous said...

He has Yolinda's story on his staffers' desk.

Anonymous said...

Royal Commissioner Hayne quized NAB Bankers about toxic fraudulent loans being packaged up and sold to investors as rock solid deals. The NAB Board knew, say news reports. Iirc, Hillary Clinton complained before the GFC in 2008 about US investors being conned by foreign banks. What do you think should be done with foreign bank executives? CBA Bank's Jon Waldron and Keith Hunter face extradition so is that a fate that awaits boards of banks down under?

Shareholders said...

Dr Peter Brandson's BankreformNow facebook pages cover the revelations made by the Queens Counsel to her Royal Commissioner Kenneth Haynes QC. Heads should roll. Bank directors knew all about it say the press coverage.

Shareholders said...

Whistleblower of the legal servics board's whistleblown inner secrets, Elliot Sgargetta, may be on Australia's tv show "The Project".

Shareholders said...

Victorian Judge Randall sacked the lawyers Hibbert & Hodges' Glenn Hodges and Barrister Mathew Stirling from running a case at huge cost for a 90 year old widow, her daughter in law (a relative of Dan Tehan, Minister for Cybersecurity) and a son who retained "the biggest con artist that I (Kelvin Thompson from the Parliament's International Treaties Committee) ever saw, McTaggart. Good Heavens. For years the legal ethics board backed McTaggart and let him run a boiler room of people who posed as lawyers to scam $30,000,000 from the unsuspecting public. Australian legal ethics boards backed the wrong side this time. Word is the legal board passed inside information to Mctaggart about US antitrust cases where Reserve Bank documents were found smuggled by trans-US cocaine transporters to Mastercard's lawyer Keila Ravelo. The DEA and DoJ's Andrew Kogan have a Sentencing Hearing on her fairly soon. She was cenrral to what the National Retail Federation said was conduct so unethical that Judges cancelled Settlements between 3,400,000 Amex Card Merchants and 12,000,000 Mastercard and Visa's merchant stores.

Anonymous said...

This is how the CBA operates..
Push it as far as they can under their Corporation Rug.
Hoping their muscle power, chosen position will let it pass over if they just say “SORRY”
There is many systemic and cultures issues that have been condoned by many and allowing this to happen without accountability or consequences.
Just look at the CBA $76 million plus Ponzi Scheme...
This involves the CBA Head Office Branch Box Hill.
I unknowingly, alerted the Top Senior Sales Manager, Box Hill, on the 19/02/2007.
I attended a meeting I arranged and informed Mr Brendan Epps, that we were really concerned and very distressed because it would appear we are Victims of some sort of scam..
We need help urgently...
Mr Brendan Epps, persona changed , he went all white and sweaty but he denied us any help...
Stated that he had full faith in Mr Bill Jordanou and had approved and facilitated many Loans with him..
And what happened Next was the biggest Cover Up..
We became CBA Bank Enemy No 1
All relevant documentation was denied us.
But most of all No Investigation..!!!!!!!
The Big Cover Up was put into ACTION.
I approached the CBA many many times and all doors slammed in my FACE...
I was abused, bullied and desrespected
The CBA was ruthless, without empathy or compassion and the CBA only aim was to destroy, discredit and eliminate....
And the performance of the CBA Representative yesterday, just validated and vindicated all the allegations being made by all the Victims of the CBA..
The CBA will not help..
The CBA put into action their plan to deceive and mislead and the CBA do this by creating that web of deceit and confusion by producing all these scenarios and producing all these plans “in the future”
Just to avoid their responsibilities!!!!!!
Great Reporting ....The News Daily,,,
Keep up the good work Commissioner Hayne and his amazing assistants....
CBA waited two years to admit insurance problems to ASIC
The Commonwealth Bank waited two years before admitting to ASIC that it had sold insurance protection on personal loans to 20,000 customers Debbie Barker, Mildura Australia.

Anonymous said...

Bendigo Boss bails.
Mar 26 2018 at 10:37 AM
Updated Mar 26 2018 at 5:42 PM

Bendigo and Adelaide Bank managing director Mike Hirst to retire

Mike Hirst says banks need to motivate staff more and incentivise them less.
Mike Hirst says banks need to motivate staff more and incentivise them less. Arsineh Houspian
James Frost AFR Woodcut

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by James Frost

Outgoing Bendigo and Adelaide Bank managing director Mike Hirst has drawn parallels between Australian cricket's ball-tampering scandal and the Hayne royal commission, saying leaders need to step up and take responsibility for the misconduct of team members.

As the veteran banker prepares to step aside after nine years in the top job, he also took a parting shot at the regulators such as the Australian Prudential Regulatory Authority, which curtailed the ability of the smaller banks to take the fight to their bigger rivals.

"It's a bit like having one arm tied behind your back," Mr Hirst said. "You are trying to do the right thing by customers by not pushing volume, and it makes it difficult. Our ability to grow the business would have been hugely helped by an even playing field."

Over the past 10 years, the total share return for shareholders has been 163 per cent. That's about half the total return from sector leader Commonwealth Bank at 308 per cent, but within striking distance of the larger banks' average at 228 per cent.

Anonymous said...

Do US law enforcement like the SEC rely on these Australian regulators during global investigations? Customers of their bank regulator's Ms Bennett's legal ethics board cheered when the US DoJ Criminal Division's chief Thomas Eicher signe off a plea agreement with Mastercard's lawyer in the Reserve Bank Document Smuggling Scandal that was covered up by foreign officials.

We need an inquiry into ASIC - it's an embarrassment
By Michael Pascoe
27 March 2018 — 10:45am

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If you want to feel heat in Townsville, sledge the Cowboys NRL side or just mention the name “Storm Financial”.

Storm was Emmanuel and Julie Cassimatis’ Townsville-based cowboy (no relation) finance outfit that destroyed the savings of thousands of clients, making the Cassimatis rich while setting poor people up to lose their homes.
ASIC received the penalties it requested for Emmanuel and Julie Cassimatis: fines of $70,000 each and banned for seven years from managing corporations.

ASIC received the penalties it requested for Emmanuel and Julie Cassimatis: fines of $70,000 each and banned for seven years from managing corporations.
Photo: Jim Rice

Partially enabled by three banks that didn’t care where business came from as long as it came, Storm ripped out rich fees for absolutely poisonous financial advice, making outrageous promises to people who didn’t know any better.

The Storm model was to encourage people, however poor, to gear up beyond their eyeballs and punt on Storm products and the stock market never correcting. Pensioners mortgaging humble homes on the promise of getting rich quick? No, it doesn’t end well.

Last week in its most pathetic effort since it waved feathers at the perpetrators of the Firepower fraud, ASIC received the penalties it requested for Emmanuel and Julie Cassimatis: fines of $70,000 each and banned for seven years from managing corporations.

Anonymous said...

Austrac says child exploitation was part of the racket. !!!!

New AUSTRAC boss Nicole Rose shocked by 'depth and breadth' of money laundering
By senior business correspondent Peter Ryan

Posted yesterday at 10:56am
Thick bundles of 50 and 100 dollar notes sit stuffed inside a duffel bag
Photo: AUSTRAC's job is to make sure cash from illegal activities isn't laundered into the legitimate economy. (Supplied: District Court of WA)
Related Story: CBA rejects bulk of fresh money-laundering allegations
Related Story: CBA warned terrorist his account was about to be closed: AUSTRAC
Related Story: CBA the only bank in AUSTRAC's sights over money-laundering scandal

Australia's financial intelligence czar Nicole Rose says she is shocked at the depth of money laundering in the economy involving organised crime, child exploitation and drug importation.

"I thought coming from the Australian Criminal Intelligence Commission that I had a pretty good handle on serious and organised crime," she told the ABC's AM program.

Anonymous said...

I can tell my experience in money laundering known to be going on by Perpetual Trustees and the NAB by a criminal mortgage broker ..... Google Dominic Cincotta .... for some 10 years both banks knew of his money laundering which was never reported to AUSTRAC, AFP etc..... they were breaking serious law .... $25m off to Hong Kong for drugs. False mortgage funds he brokered

Anonymous said...

If Nicole Rose's Australian Criminal Intelligence Commission didn't know about human trafficking, child abuse, narcotics and organised crime and the banks, just as well customers of Fiona Bennett's legal ethics board reported its whistleblown tip offs to US agencies like FinCen.

Anonymous said...

Texan, California and masshole teechers, pensioners and public servant retirement funds are suing that famous Commonwealth Bank of Australia. In other news their I.T expert Jon Waldron was comitted to face trial in Sydney on charges of international bribery, and the Australian fincen chief said she was shocked to see the extent of child exploitation and violations of the antimoneylaundering laws.

Anonymous said...

Pension fund giants back Commonwealth Bank class action
New Commonwealth Bank CEO Matt Comyn. Picture: James Croucher
New Commonwealth Bank CEO Matt Comyn. Picture: James Croucher

The Australian
1:21AM April 10, 2018

Eric Johnston
Business Review Editor

Some of the world’s biggest pension funds are planning to launch a class action against the Commonwealth Bank, claiming the lender engaged in misleading conduct and committed a string of disclosure breaches relating to a separate legal claim brought last year by anti-money laundering agency Austrac.

The class action, which has not yet been lodged but was announced last night, has backing from some of CBA’s major shareholders, including heavyweight United States public pension funds with a combined net worth of nearly $US500bn.

This includes the $US224bn California State Teachers Retirement System (CalSTRS), the $US150bn Teachers Retirement System of Texas (Texas TRS), the $US71bn Massachusetts Pension Reserves Investment Management Board, and US$44bn Colorado Public Employees Retirement Association, according to Melbourne-based law firm Phi Finney McDonald

Anonymous said...

Says the Australian Financial Review: "Mr Comyn will be looking to replace members of his 10-person-strong executive team following three resignations including that of group executive Kelly Bayer-Rosmarin just two weeks ago. The remaining group level executives including private banking head Adam Bennett, head of legal Anna Lenhahan, chief financial officer Rob Jesudason and chief risk officer David Cohen."

Anonymous said...

4BC Radio Brisbane just reported that American pension funds with a worth of $500 billion are suing the CBA because the CBA hid things from the stock market. Sydney Radio 2GB said the same.

Anonymous said...

The Royal Commission intends to question Australia's corporate lapdog, ASIC. Is it true that Australia's ASIC and APRA allowed sub prime doctored figures to be sold as AAA to Americans and the Bank of International Settlements? Crikey, SIC's chairman Medcraft was on Wall Street's IOSCO and he let these bogus figures be sold to US investors?

Anonymous said...

by James Frost

Outgoing Bendigo and Adelaide Bank managing director Mike Hirst has drawn parallels between Australian cricket's ball-tampering scandal and the Hayne royal commission, saying leaders need to step up and take responsibility for the misconduct of team members.

As the veteran banker prepares to step aside after nine years in the top job, he also took a parting shot at the regulators such as the Australian Prudential Regulatory Authority, which curtailed the ability of the smaller banks to take the fight to their bigger rivals.

"It's a bit like having one arm tied behind your back," Mr Hirst said. "You are trying to do the right thing by customers by not pushing volume, and it makes it difficult. Our ability to grow the business would have been hugely helped by an even playing field."

Over the past 10 years, the total share return for shareholders has been 163 per cent. That's about half the total return from sector leader Commonwealth Bank at 308 per cent, but within striking distance of the larger banks' average at 228 per cent.

Shareholders said...

The ex Prime Minister wants the Australian regulators sacked, that's how bad it is down under. Was your pension fund, like Calstrs, kept in the dark about moneylaundering, child exploitation and narcotics backing banks from down under? Are the bank execs and their complicit 'regulators' running a Racket to protect organised crime, child traffickers, drug syndicates ....and white collared cons who conned US pension funds?

Anonymous said...

Ms Fox, chair of the Australian Shareholders Association says its like Madoff's ponzi scheme down there, and she wants them all jailed. Is it true the State of California is a shareholder, along with US pension funds like CalSTRS, in that "Con's Bank" that was caught vioating counterterrorism and mneylaundering laws AND there was Child Exploitation too, says Austrac's antimoneylaundering agency's chief Ms Nicole Rose. Was Fiona Barnett right about the child trafficking and the 'protection racket' by foreign officials? Have foreign officials and these bankers ripped off American pension funds and covered up all the violations of the laws in Executive Orders For Extradition?

Anonymous said...

The Law Institute's ethics lawyers and Ceo Nerida Wallace quit. Are they tired of the legal services board's executives from APRA and from the CBA's counterror and moneylaunding accountants at Couta Boat Yacht Club covering up for David Cohen's banks the CBA and Auckland Savings Bank? Jennie Pakula knew the IC in the FBi were the International Corruption division. It's on McGarvie' file. Oh and there'll be a Royal Commission in Malaysia under the new Prime Minister Mahathir and New Zealand wants one too. Dr Douglas assessed McGarvie and Bowles' files as malicious cover ups. Melinda Coolidge at Hausfeld wanted them for their class action against American Express Visa and Mastercard too.

Anonymous said...

David Cohen goes into the Royal Commission witness box soon.