GARY LUNDGREN, FACING CLAIMS FROM TRUMP AND OTHERS, SHUTS DOWN IN PANAMA AND WASHINGTON

FROM THE - CHRONICLES Of Andrei Slavenkov Netherlands –  Analyst For Wanted SA ~ Contributed & Written By Kenneth Rijock ~

The Alaskan fraudster operating in anything-goes Panama Panama, Gary James Lundgren, reeling from the publicity generated by the high-profile case against him, filed by the Trump Organization, has begun closing down his dodgy operations. 

Lundgren, who has obviously tired of evading all the angry investors whom he has stopped paying an 8% per month return to, faces an uncertain future, due to multiple investigations reportedly pending against him. 

He refuses to personally meet clients, for fear that he will suffer physical harm at the hands of clients who have threatened him; he takes various, circuitous, routes to his office each day, and has increased security there.

In the Republic of Panama, his securities company, an unlicensed Panamanian branch of his US company, Interpacific Investors Services, has been ordered closed by the Government of Panama. In the United States, his business in Washington State is transferring all its existing clients to a national securities firm, and closing up its broker-dealer operations, as verified by a press release, making the announcement, though the company receiving this business may want to reexamine the situation.

The steep decline in new tenants, coming into Panama, due to the change in economic activity, and the public perception of a major increase in street crime, has resulted in a large number of vacant condominiums that he controls, meaning that his cash flow has been severely reduced. 

He has a number of civil suits pending against him in the Republic of Panama, and some of his victims, who allege he is guilty of sexual battery, are exploring their legal options.

Will the United States request the extradition of Mr. Lundgren, for securities violations, or will Panama do the honors, for the Petaquilla Mine scandal ? We cannot say, but his problems have multiplied exponentially in 2015.

SECURITIES FRAUDSTERS USE UPFRONT MONEY TO ENTICE SUCKERS TO INVEST

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA

~Contributed & Written by Kenneth Rijock ~

ADVANCE FEE FRAUD + SECURITIES FRAUD = DOUBLE TROUBLE

Just when you think you have heard it all, some white-collar criminal comes up with something even more amoral. In this case, a slippery operator who has made his illicit profits exploiting desperate businessmen, through requiring advance payment of "underwriting" fees,  that never result in funding, has taken the advance fee fraud to another level. Allow me to explain:

(1) The fraudster demands, and gets, an advance fee of, say $85,000, from the needy businessman. The victim believes that it is a fee for finding operating capital for his business.

(2)  The fraudster's company then creates and issues bonds, instruments of indebtedness, or other securities (which are worthless, as the company is a shell) which are shipped to another bogus company.

(3)  Note that neither of these two "financial firms" has any sort of broker-dealer, or investment adviser license, nor are the securities registered nor exempt from registration.

(4) Finally, the second firm "places" the bonds or securities overseas, touting them as indebtedness of a reputable company. In truth and in fact, the securities are worthless, as the shell company has neither tangible assets, nor cash flow. When the first company defaults on the payments on the bonds or debts, what happens, and to who ?

(5) The original victim was funded, but wait a minute. is he not a potential co-conspirator in common law or securities fraud, when the overseas investor learns that he has purchased worthless paper. And what additional securities violations have occurred ?

Imagine a businessman receiving funds through such a fraud, using the money to start up his new venture, only to lose it all later in subsequent civil and criminal proceedings. Worse, what if the overseas buyer is a money launderer for a narcotics kingpin, who is later convicted, and the money, which was criminal proceeds, is forfeited to the United States Government ?

Bottom line; whenever a funding source even hints that the proceeds are coming from outside your country, you need to immediately ascertain:

(1) Are there securities issues, and were they resolved to your lawyer's satisfaction ?

(2) Will due diligence be performed on the overseas funding source, and will you have access to those materials ?

(3) Are the bonds/indebtedness/securities legitimate, do they have marketable value, and will this entire venture come back later to haunt you ?

Any permutation or combination of the advance fee scheme is usually deadly; make sure you never involve yourself in one, or you will certainly regret it.

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