CHINA CLOSES DOWN $30 BILLION USD MONEY LAUNDERING

CHINA ARRESTS 450 FOR LAUNDERING $30bn THROUGH UNDERGROUND BANKS

The Peoples' Republic of China has announced that it has arrested 450 individuals, and charged them with money laundering. The figure 200bn Yuan (USD $30bn) has been quoted by the Ministry of Public Security, which announced the closure of 192 so-called underground (unlicensed) "banks." This is all part of China's expanding anti-corruption campaign, with seeks to rein in rampant official corruption, and to seize untaxed wealth, while punishing offenders in a very public way.

China's underground banks are covert operations that seek to illegally move capital out of Mainland China, to evade the onerous regulations on overseas transfers. A wide variety of ruses involving exports, purchases of goods and services, investments abroad, and just about every legitimate reason to transfer  money out of China are imaginatively employed, or transactions are configured to appear clean.

 Chinese nationals are limited to the equivalent of $50,000, per year, transferred abroad, but those with illicit cash, from bribes & kickbacks, or money upon which taxes have been evaded, or criminal proceeds, are driven to export their dirty wealth, by any means possible. Beginning early this year, many large, completely legitimate transfers, especially of foreign currency, have been delayed, due to the policy that the government is seeking to reduce the outflow of wealth.

Compliance officers in North America, and in Europe, should carefully examine large funds transfers from China, and demand that their clients provide sufficient documentary evidence of their legitimacy, lest they later receive law enforcement inquiries into transfers believed to be criminal proceeds. Enhanced due diligence is the prudent order of the day in such cases, without exception.

RYAN BATEMAN COOPERATING WITH US AUTHORITIES

IS CAYMAN GANG OF FOUR TRADER NOW COOPERATING WITH LAW ENFORCEMENT ?

The August 10 filing, on behalf of the insolvent Cayman company, B & C Capital, Ltd., against Bateman and Company, alleging conversion of millions of dollars that allegedly belongs to B & C, and the back story rumors, about a bitter dispute, between Ryan Bateman, and Sharon Lexa Lamb & Derek Buntain, begs the question: is the fugitive fraudster Ryan Bateman a Cooperating Individual, working on behalf of, and with, a North American law enforcement agency ?

This leads to the logical follow-up question: has he received immunity for prosecution for his assistance ? We cannot say, but consider this. One of Bateman's former staff members, Joshua Van Dyk, who was running a criminal tax evasion scheme while working there, and was later charged, when he was at another firm, received a sweetheart deal in an American criminal case, for what can only be described as Substantial Assistance.

 In fact, through he received a sentence of imprisonment of years, it appears that the CI was never sent to a Federal Prison, but directly to a halfway house in California, where, incredibly, he began working, during the day, in the securities business. His Confidential Informant status, though never confirmed, is believed to have been a factor.

Is Bateman, living openly in Fort Lauderdale's upscale Southwest Ranches district, when we last checked, working with a law enforcement ? We cannot say, but we will be watching for indications of his role in proceedings, or investigations, against the remaining Cayman Gang of Four members, Sharon Lexa Lamb, Derek Buntain, and Fernando Motto Mendez, especially in Canada and the United States.

SHARON LEXA LAMB EXPOSED AS A LIAR & FRAUDSTER

DOCUMENT PROVING THAT RYAN BATEMAN TRANSFERRED $95m, STOLEN FROM VICTIMS, TO THE BAHAMAS 

In light of the fact that the Cayman Gang of Four ringleader, Sharon Lexa Lamb, has repeatedly alleged that the total of the accounts, at Dundee Merchant Bank, never exceeded $5m, attached hereto, and made a part hereof by reference, is a $95.5m transfer, of registered securities, from Dundee, sent to Weiser Asset Management, in the Bahamas.

 Obviously, this represents client assets, transferred without authorization, out of the victims' accounts at Dundee, in violation of several Cayman banking laws, as well as being a criminal act. CIMA originally estimated the losses at $450m, if not higher, but Lamb insisted that no such funds existed in  Dundee Merchant Bank. Dundee officers illegally co-mingled client funds, while Lamb falsely assured them that their money was held in individual accounts, by name, at Butterfield Bank. 

Bateman's corporations, B & C Capital, Ltd., and Bateman and Company, Ltd., looted funds from the victims at Dundee, which was a brass plate bank, without actual deposit and safekeeping facilities. Dundee placed its clients' accounts in the Bank of Butterfield's Cayman Islands branch, and Lamb transferred funds to Bateman, from those accounts. The transfer date appears to be 25 February, 2015, when Lamb was the Senior Vice President & Director, and Derek Buntain was President & Director, respectively, of Dundee Merchant Bank. As such, they are both strictly and individually liable for the theft, jointly and severally with their employer, Dundee Merchant Bank.

RYAN BATEMAN COOPERATING WITH INVESTIGATORS

IS CAYMAN GANG OF FOUR TRADER NOW COOPERATING WITH LAW ENFORCEMENT ?

The August 10 filing, on behalf of the insolvent Cayman company, B & C Capital, Ltd., against Bateman and Company, alleging conversion of millions of dollars that allegedly belongs to B & C, and the back story rumors, about a bitter dispute, between Ryan Bateman, and Sharon Lexa Lamb & Derek Buntain, begs the question: is the fugitive fraudster Ryan Bateman a Cooperating Individual, working on behalf of, and with, a North American law enforcement agency ?

This leads to the logical follow-up question: has he received immunity for prosecution for his assistance ? We cannot say, but consider this. One of Bateman's former staff members, Joshua Van Dyk, who was running a criminal tax evasion scheme while working there, and was later charged, when he was at another firm, received a sweetheart deal in an American criminal case, for what can only be described as Substantial Assistance.

 In fact, through he received a sentence of imprisonment of years, it appears that the CI was never sent to a Federal Prison, but directly to a halfway house in California, where, incredibly, he began working, during the day, in the securities business. His Confidential Informant status, though never confirmed, is believed to have been a factor.

Is Bateman, living openly in Fort Lauderdale's upscale Southwest Ranches district, when we last checked, working with a law enforcement ? We cannot say, but we will be watching for indications of his role in proceedings, or investigations, against the remaining Cayman Gang of Four members, Sharon Lexa Lamb, Derek Buntain, and Fernando Motto Mendez, especially in Canada and the United States.

RYAN BATEMAN WANTED HIS MONEY BACK FROM SHARON LEXA LAMB WHO STOLE MILLIONS

THE CAYMAN GANG OF FOUR HAVE A FALLING OUT OVER STOLEN ASSETS 

                                                                       

To prove the old adage, "there's no honor among thieves." the members of the Cayman Gang of Four, Sharon Lexa Lamb, Ryan Bateman, Fernando Motto Mendez, and Derek Buntain, are reportedly at odds over money, approximately $5m, and the evidence indicates that it is part of the huge haul the Gang illegally took out of Dundee Merchant Bank's accounts at the bank of Butterfield's Cayman Islands branch.

Some aspects of the dispute surfaced on August 10th, when, in what is captioned as a Winding up Petition, liquidators for the allegedly insolvent B & C Capital Ltd., brought the action against a related company from the Bateman Group, Bateman & Company, Ltd. It is alleged that millions of dollars, in "cash, securities and other assets," that are the property of B & C have not been transferred to it by Bateman and Company.

Reliable sources in Grand Cayman assert that Ryan Bateman, who is a fugitive from justice in the Cayman islands. since 2014, claims that fellow Gang crew members Sharon Lexa Lamb and Derek Buntain, and possibly also Fernando Mendez, stole money from Bateman. What is missing from the story is the little detail regarding the fact that the assets at issue belong to Canadian retirees, who entrusted their life savings to Lamb and Buntain, who improperly, and without authorization, transferred millions, through Bateman's shell companies, overseas, where it remains missing.

Bateman, Lamb, Buntain

Perhaps the attorneys in Grand Cayman can tell us how a fugitive from Cayman justice can assert what he claims are his rights to what amounts to stolen money, while intentionally remaining safely outside the jurisdiction. That's about as bad as Bateman having Derek Buntain sign the supporting affidavit in the B & C Capital Ltd. liquidation proceeding, which he did, notwithstanding an obvious conflict of interest. The Cayman Islands judges handing these cases should be made aware of these facts.

We are still trying to figure out how Bateman, who illegally transferred $95m in stolen funds to the Bahamas, has the gall to say his partners in crime took money from him, but we'll let the answers come from the two pending civil cases in Canada. And what about Sharon Lexa Lamb, who is reportedly persona non grata in Grand Cayman social circles, due to the fact that residents there blame her for the steep decline in the reputation of the Cayman Islands ? Did she steal from her thief & partner ? We cannot say, but stay tuned to this blog for more information.

BULK CASH SMUGGLERS CAPTURED, DRIVING NEW CADILLAC, MONEY SEIZED

BULK CASH SMUGGLERS CAPTURED, DRIVING NEW CADILLAC, MONEY SEIZED

Two individuals, Roland Garza & Carlos Olivera, were arrested this week, driving a brand-new Cadillac Escalade, when they were subjected to a traffic stop in Driscoll, Texas, south of Corpus Christi. The driver had a suspended license, and when the vehicle was searched, $546,390, in cash, was discovered, artfully hidden in several places within the vehicle.

The two were traveling south on Highway 77, and were close to the border with Mexico. Who drives a new car, with a suspended license, towards the border, carrying cash ? Both defendants are in jail, and their bail has been set at one million dollars each. They are facing money laundering charges.

law enforcement official demonstrating how cash was hidden

GARY JAMES LAUNDERING ADDS MORE SECURITY IN HIS OFFICE FOR FEAR OF "FARC"

COLOMBIA TAXING AUTHORITY TELLS DMG SUCCESSOR: DON'T USE OUR LOGO

DMG Group, the failed billion-dollar Ponzi/Pyramid scam of the convicted Colombian businessman, David Murcia Guzmán, now has a successor company, with the same name, but it is already in trouble. Murcia's brother, Alvaro, dusted off the disgraced brand, and reopened for business a few months ago, reportedly to large crowds of prospective investors.

The Colombian national taxing and customs authority, better known by its acronym, DIAN, has accused Alvaro, and the rest of the Murcia extended family, who is running the reestablished pyramid enterprise, of using the agency's logo, on their new DMG flyers and documents, without the express written permission of DIAN.

The criminal proceeds obtained in the original million dollar Ponzi scheme of Murcia, was inflated to approximately three billion US Dollars ($3bn), when, according to wtinesses, narco-profits, earned by the FARC, were laundered through DMG, with David Murcia's cooperation. Most of that currency was then bulk cash smuggled into Panama, on speedboats, arriving at night at Flamenco Marina, on the Amador Causeway.

Delivered, while sometimes still damp from the ocean, to Murcia laundryman, Gary Lundgren, the funds were used to purchase, for cash, condominium residences in such places as the Trump Ocean Club, using bearer share Panama corporations, to conceal the name of the beneficial owner. Lundgren acted as Murcia's investment counselor*, though most of the money allegedly was the property of the FARC. Murcia, serving time in the US, is believed to be cooperating with law enforcement.

When Murcia was summarily deported, allegedly on the orders of Ricardo Martinelli and Lundgren, both of these partners took possession of the Trump condos, and other properties, though we now wonder if the FARC, which is presently formalizing a comprehensive peace treaty with Colombia, will be making a formal (or informal) claim against Lundgren, and against all that stolen real estate, in Panama. This may be why Gary Lundgren maintains several layers of security at his offices in Panama City.

Gary Lundgren and Griselda Perez

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* Gary Lundgren's US licenses to sell securities have all been revoked, for life, by FINRA. See

FINRA Broker Check for details. His current securities orders are reportedly being placed, illegally, as his Panama City brokerage has no licensees, by ZacGary Lundgren, James Lundgren, and Griselda Perez.