05 June 2018

Royal Commission into banking, ASIC offers no protection from banks committing fraud against their customers



While Westpac may have been the first bank to commit fraud against their customers, today in Australia it seems that the Commonwealth Bank is at the forefront of criminal activity.

If a member of the (tax) slave population robs a bank, then there is a real possibility that the person will be imprisoned.

What happens in Australia when a person from a bank commits a criminal activity (e.g. fraud, theft) against a (tax) slave member of the general population?

Well, according to the law, it seems that very little happens to the criminal employed by the business called a bank.

It seems that the law is deliberately stacked up against the poor tax slave in Australia.

"I, like so many have no protection under ASIC despite the provisions in the ASIC Act (for example, unconscionable conduct in s 12DA(1), s 12CB(1) and s 12CC(1) of the Act..."

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