Posted From The Chronicles of: Andrei Slavenkov - Financial Crime Analyst For Wanted SA (Netherlands)
Businessmen in Panama City have reported that they walked right past Gary James Lundgren, perhaps the most prolific fraudster in the Republic, without recognizing him. That's because Lundgren has drastically altered his appearance, through a major facelift, as well as liposuction. Apparently the pressure from his investors, who are no longer receiving fifteen per cent per month on their money, has become more than he can bear, and he is rumored to be relocating to Medellín, Colombia, where his common law wife's family lives; Griselda Perez is directly related to one Colombia's major narcotics cartels.
Some Panamanians have opined that Lundgren is really fleeing the $75m civil suit against him, filed by the American businessman, and Presidential candidate, Donald Trump. Others believe that his lifetime ban on securities transactions, imposed by FINRA, is the reason for his imminent departure. In any event, the chances of an eventual criminal indictment, in the United States, are strong, and he must be aware of that possibility, which adds to his stress.
|Lundgren, Perez, and the Usual Suspects|