Australian Citizens Party Citizens Taking Responsibility

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Victory in the Sterling First Campaign: Senate Inquiry underway!

We have achieved significant victories in our war to clean up rampant financial corruption in Australia. By fighting for justice for the elderly victims of the Sterling First scam a Senate Inquiry is now scheduled for Dec 1 into the affair. On the hot seat in the Inquiry will be the Australian Securities and Investments Commission (ASIC).

Presented here is the case of Sterling First, a scam which targeted elderly victims by promising them that they would have their rent paid for the rest of their lives in exchange for a fixed amount. They were told their money was being put into a trust that would pay the rent. In fact, they were duped into putting their life savings into a convoluted managed investment scheme. When Sterling collapsed in 2019, 140 elderly victims lost everything, and many now face eviction from their homes.

What you can do:

Sign the Citizens Party Petition to create an Australia Post Bank!: https://info.citizensparty.org.au/auspost-bank-petition

Download the Commonwealth Postal Savings Bank Resolution and mobilise local councils and other institutions!: https://citizensparty.org.au/sites/default/files/2021-06/Unite-Australia-in-support-of-the-Commonwealth-Postal-Savings-Bank.pdf

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17 Nov 2021
SoundCloud
Banking / Finance
National Banking
APRA/ASIC/ACCC/AUSTRAC
Page last updated on 01 December 2021