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… Sterling scandal caused by regulation designed to fail … Sterling scandal caused by regulation designed to fail The catastrophic collapse of the Sterling First group’s managed investment scheme, which has left over one hundred elderly victims robbed of their life savings and now facing eviction, is a …

… ASIC unmasked in third Sterling hearing … 17 December 2021 - Citizens Party Media Release On 16 December (yesterday), the day after the third hearing of the Senate inquiry into Sterling Income Trust and the Australian Securities and Investments Commission (ASIC), Sterling tenant Freda Stevens became the 19th victim to pass … scheme in a misleading way; and ASIC knew they were targeting vulnerable elderly people. Yet, despite receiving three complaints in the scheme’s first year in 2015, ASIC did nothing and said nothing, so Sterling continued to lure in elderly investors until 140 of them collectively lost $18.5 …

… ASIC should be liable to Sterling victims for failure to act … 3 June 2021 - Citizens Party Media Release In 2018, while the banking royal commission was shocking … being smart enough to see the scam. Morrison’s attitude continues to have consequences for everyday Australians, such as the elderly victims of Sterling First. This release was originally an article under the same title by Melissa Harrison published in the 2 June 2021 Australian Alert Service . …

… Stand by for ASIC-Sterling First Senate inquiry! … Stand by for ASIC-Sterling First Senate inquiry! The Australian Alert Service is the weekly publication of the Australian Citizens Party. It will keep you updated on …

… explode cover-up … Senate inquiry destroys ASIC’s self-defence; documents explode cover-up The public hearings of the Senate inquiry into Sterling First, conducted on 16 and 18 November 2021, exposed the systemic failings of the corporate regulator, the Australian Securities and Investments Commission (ASIC). ASIC did not lift a finger to prevent the loss of the life savings of over 140 elderly victims of the disastrous Sterling First scheme, and now witness testimony and explosive new evidence has destroyed the central pillars of ASIC’s defence of its appalling …

… 140 elderly Australians, and an ongoing cover-up to protect system that profits the banks … 23 November 2021 - Citizens Party Media Release Sterling First jury verdict: Last week’s Senate Sterling First inquiry hearings was “ASIC on trial”, the Citizens Party said in its 16 November release. After two days of hearings, the jury …

… all financial victims in Australia in full. Scandalously, the financial victims excluded from the CSLR include the 140 elderly victims of the Sterling First rent-for-life scheme, many of whom are in Western Australia. This is especially shameful as, unlike other victims of financial misconduct, the elderly Sterling victims do not have the chance to start over. On Wednesday, 8 September, many Sterling victims and their supporters rallied at Western …

… 17 November 2021 Vol. 23 No. 46 Labor Senators Deb O’Neil and Louise Pratt and LNP Senator Paul Scarr (top row), and the witnesses in the Sterling First-ASIC inquiry. 17 Nov.—Yesterday brought a moment of truth to the Australian Senate, thanks to the campaign to expose the entrenched corruption that led to the Sterling First scandal. The elderly Sterling First victims, Denise Brailey of the Banking and Finance Consumers Support Association, and the …