Have you ever been affected by the corrupt behavior of the Corporate World?
Here in Australia there is a Royal Commission into the Big Banks and their misconduct. Including Financiers, Insurance Agencies and the like.
They have been found to be totally corrupt, stealing from their customers et al.
So all these years they have continued to make billions of dollars profits because they were stealing from the public.
What will happen? They may be required to pay a pittance of a fine and to refund customers.
What should happen?
Considering the obscene "Ill gained Profits" over many years, the fines should be in the Billions, All the Management and advisors should be imprisoned for a minimum of 10 years.
Their assets should be stripped and given to those whom went bankrupt because of their disgusting advice.
My Father worked for the same mining company his whole working life. Over 50 years. He was also insured with AMP for the last 40 of those years.
AMP, being the great "Peoples Company", as a good will gesture made my Father a life member of the fund.
The benefit of this action was that he no longer had to make any contributions.
This was stipulated by them.
When my Father died in 1985, "The Peoples Company" refused to pay out his insurance policy.
The reason?
"Mr Gerr... did not contribute to the fund for the previous two years and as a result his policy was cancelled."
It went to court and you guessed it. AMP won the case.
So, the "Peoples Company" rewarded my Fathers lifetime membership by keeping his entitled
payout.
People say the Law is an ass, I say the Law is corrupted, along with the Judges and the Politicians that put them there.
They have been found to be totally corrupt, stealing from their customers et al.
So all these years they have continued to make billions of dollars profits because they were stealing from the public.
What will happen? They may be required to pay a pittance of a fine and to refund customers.
What should happen?
Considering the obscene "Ill gained Profits" over many years, the fines should be in the Billions, All the Management and advisors should be imprisoned for a minimum of 10 years.
Their assets should be stripped and given to those whom went bankrupt because of their disgusting advice.
My Father worked for the same mining company his whole working life. Over 50 years. He was also insured with AMP for the last 40 of those years.
AMP, being the great "Peoples Company", as a good will gesture made my Father a life member of the fund.
The benefit of this action was that he no longer had to make any contributions.
This was stipulated by them.
When my Father died in 1985, "The Peoples Company" refused to pay out his insurance policy.
The reason?
"Mr Gerr... did not contribute to the fund for the previous two years and as a result his policy was cancelled."
It went to court and you guessed it. AMP won the case.
So, the "Peoples Company" rewarded my Fathers lifetime membership by keeping his entitled
payout.
People say the Law is an ass, I say the Law is corrupted, along with the Judges and the Politicians that put them there.
