Commonwealth, Macquarie and now the National Australia Bank, with the endemic fraud that has been perpetrated by the Financial Planner, but Westpac is about to get a serve also... !!
Following a Westpac Executive getting banned by ASIC after preying on Elderly's Finances and yes Elderly Financial Abuse is alive and well, as is out right Bank Fraud against Senior Citizens by the Banks, the entire lid is about to blow off Westpac as well..!!
The Australian Securities and Investment Commission permanently banned David St Pierre, a Westpac Bank Home Finance Manager from engaging in credit activities and providing financial services after encouraging vulnerable clients to borrow against their homes for investments, yep he got banned and NOT Arrested and Jailed..!!
We are just starting to see the true side of Institutionalized Elder Financial Exploitation within the Financial Services Industry, with more Banks and Bank Managers to be exposed by the Senate Committee in the coming months and that includes the Bendigo Bank (there time in the limelight is abut to come, along with others)....!!!
Finally the Banks may have to pay up for the actions of there Staff and Management, this is something that even the Main Stream Media are now starting to jump all over and do they have some shocking stories about the hit the presses...!!!
