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Member Stories

Terry Byers complaint about Westpac, Insolvency Turnaround Solutions (ITS) and Julie Williams as Receiver Manager of my affairs.

This is a shocking story of how the assets of the hard working Byers family were stripped from them in a STING by both Westpac and their receiver managers. This is a story that needs to be told of how the banking industry was allowed to perpetrate this fraud. We have seen this asset stripping time and time again and it still goes on today, even after the Royal commission. Terry has written these factual events in the hope of getting the Financial Ombudsman Service to produce a positive determination. This was not the case as (FOS) gave a ridiculous determination, that it was actually Terry that put the receivers into the properties and not Westpac. This document proves without a doubt (FOS) to be wrong. Terry is very determined to fight this injustice to the end. The team at Bank Victims wish Terry well in his endevours for justice. 

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Gary Heathwood and Carroll Heathwood : Our Experience with the National Australia Bank

This article comes from Gary and Carroll Heathwood. NAB VICTIMS: A sequence of events which has ruined their lives. Irresponsible and predatory lending by the NAB, one most of us have been through or know so well. The NAB refused their request for an ordinary home loan and locked them into a line of credit (LOC). This had disastrous consequence over the following years. Gary and Carroll, hard working, educated business people have fought for years with NAB, the ASIC and the FOS. The years of worry and stress have taken such a toll on their health they will never recover.

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Bank Corruption Down Under

Human Sacrifices to Neoliberalism

On 25 November Lawrence Tomlinson issued a report[1] exposing yet another spectacular case of bank bastardry in the UK. Tomlinson had been commissioned by the British Business Minister, Vince Cable, to examine any difficulties that small business faced in escaping the debilitating aftermath of the GFC, especially in the arena of credit availability. Writes Dr Evan Jones.

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