ANZ 0.91% $19.50 australia and new zealand banking group limited

opes prime pain

  1. 3,230 Posts.
    Just a short story of a victim of ANZ and that is a friend of mine losing his family from Croatia had saved $35,000.00 to come to Australia and learn better english and he was going to pay out of this money $7,500.00 for application fees to permanently reside here. In the meantime thru a local broker he was persuaded to open a Margin lending account thru Opes prime. He bought a portfolio of shares to the above value and included in that he on margin bought $1500.00 worth of shares reccommended thru his broker.Only $1500.00!! Alas when the pin was pulled he has lost the lot as the ANZ sold off all of his portfolio to recoup the $1500.00 margin and they have stolen the balance of the money. he now cannot relocate as he has lost all his money, he cannot afford to go back home and if he did there is nothing for him, he is basically wandering around now waiting for a return of his funds from ANZ who he thought and agreed after his broker contacted him would be getting around 60 cents in the dollar now nothing. Tragic for a $1500.00 debt the bank took over $30,000.00 That is an act of barbarism.
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