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.

GARY LUNDGREN & OTHER DIRECTORS WILL BE SUED FOR $75M IN DAMAGES BY TRUMP ORGANIZATION

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

TRUMP SEEKS $75m IN DAMAGES AGAINST GARY LUNDGREN AND OTHER TRUMP OCEAN CLUB DIRECTORS

                   

     
The Trump Organization has brought a claim against the Directors of Panama's Trump Ocean Club, which is led by the American businessman, Gary Lundgren, for $75m, for wrongfully terminating Trump's management agreement with the condominium association. Lundgren is seeking to have his wife take over management of the condominium, and collect the maintenance fees, though she has no training or experience in building management.

The case was reportedly brought before a type of arbitration, and is not public, but details were leaked to American  media, and Trump's New York attorney confirmed the filing. The complaint also alleges that Lundgren has engaged in a wide variety of illegal activity in Panama.

Lundgren and Perez

Gary Lundgren, whose controversial career has been the subject of much media attention, is said to be the owner of the largest number of properties in Trump Ocean Club, allegedly acquired with laundered Colombian narcotics profits, and millions in cash given to him, by the convicted Colombian Ponzi schemer, David Eduardo Helmut Murcia Guzmán, which he later stole, when Murcia was extradited. Witnesses have seen Lundgren present for deposit, at Panamanian banks, $15-16m in cash, in garbage bags, still wet from covert fast-boat transport from Colombia.

 Lundgren allegedly met Murcia through drug cartel kingpins in Medellín,  who are related to Lundgren's wife, Griselda Pérez. Murcia is reported to have laundered two billion dollars, in FARC narco-profits, in Panama.

Griselda Pérez

Lundgren's checkered past, which includes allegations of money laundering of narcotics profits, his status as a known sexual predator in the US and in Panama, and his theft of Panama real estate, owned by expats from North America and Europe, and his failure to pay accrued interest to his investors, should have disqualified him from serving as chairman of the Board of Directors of any public company. 

Lundgren has also been said to have acquired bonds, issued by the corporation that developed the project, Newland, through opaque circumstances.

Lundgren's longtime association with Panamanian attorney Ismael Gerli has led to speculation that Gerli had a role in advising Lundgren in his mysterious acquisition of the bonds,  and acquiring Trump Ocean Club condominium units, for cash. Some Panama observers claim that Lundgren covets the casino license at the building, and also wants to be the recipient of the monthly condominium maintenance payments paid by the unit owners.

Ismael Gerli

We shall keep our readers advised of this developing story as it unfolds.

DAVID MURCIA ACCUSES PANAMA OF STEALING FARC NARCO PROFITS

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

MURCIA LAUNDERED FARC NARCOPROFITS AND PONZI SCHEME FUNDS THROUGH INVESTMENTS IN PANAMA

More details have emerged from a source who claims access to the manuscript of the autobiography in-progress being written by the man known as the "Colombian Madoff," twice-convicted and imprisoned master Ponzi Schemer, David Eduardo Helmut Murcia Guzmán, and it could be extremely bad news for real estate developers and yacht brokers in the Republic of Panama.

Murcia reportedly purchased several expensive (USD$4m-5m) yachts, with FARC money, in cash, which was eagerly accepted by Panama companies engaged in that business. The companies would later sell the yachts in their offices in Colombia, Costs Rica and Belize, discounting the price as much as 20%, but resulting in Murcia receiving clean money for his clients.

His method with Panama real estate was simple; he relied upon the fact that Panama developers were short of cash, due to their inability to sell all the condominium units they had built in Panama City, and elsewhere in the Republic. His "saltwater cash," still literally damp from its high-speed maritime run from Colombia, was always good at such projects as Aqualina, Trump, and Q Tower. Though he sometimes worked through local front men, it was common knowledge that they were investing for Murcia. He also funded Panama's builders through cash purchases made pre-construction; this money allowed the builders to proceed without needing any bank construction financing.

Inasmuch as a large portion of Murcia's multi-billion dollar "investments" were made with drug profits of a Specially Designated Global Terrorist (SDGT) organisation, they are subject to seizure and forfeiture. The balance, which was Ponzi Scheme money, was also invested in a like fashion. Certain builders and yacht brokers in Panama may want to retain criminal defence counsel, for things could get ugly for them in the near future, for Murcia is known to be cooperating with US law enforcement.

As soon as we have more information about Murcia's disclosures regarding his money 

laundering activities, we shall post them here, in a subsequent article, for our readers.

    ~Contributed & Written by Kenneth Rijock ~