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National Finance and Trading Group
Formely known and operated under the banner of Power Loan is now going to be up for it's first court trial for the former Westpoint Investment Scheme - see below article from 2006.
The class action which is being run by Quinn & Scantini (now owned by Slater & Gordon) has been listed for a 5 day trial starting in June 2009 in an Adelaide Court.
This is their new website http://nftg.com.au/ - it has no page title and no real web address to acknowledge their name as it appears that they don't want to be found on Google searches from the hundreds of dis-gruntled clients that lost millions of dollars in the Westpoint Scam.
Well now you have found them so if you still need to contact them click on their site link.
View some interesting Links on this Former Power Loan Company:
Power Loan
Google Search
Westpoint
ASIC Findings
More ASIC Findings
POWER LOAN - APPEARANCE & REALITY
by Neil Jenman
Last year (2005), Power Loan approached home-owners with a spiel about paying off their home loans quickly. It was supposed to be so easy; just borrow extra money from the equity in your home and invest in something with a high return and no risk.
And then, tip the extra dollars into your loan – and, whish, Abra Kadabra, your home loan soon disappears. That was the appearance created by Power Loan.
Home-owners were urged to invest in something guaranteed to be low risk with a high return, something endorsed by reputable financiers and ASIC, the government regulator. Something like Westpoint.
As is now well-known, Westpoint collapsed, taking with it hundreds of millions dollars of consumers' savings.
So, instead of their loans disappearing, these Power Loan clients have now found that their homes are disappearing. Instead of being home-owners, many are about to become tenants.
This is the Power Loan reality.