Kenneth Rijock

Kenneth Rijock

Saturday, July 4, 2015

READERS ASK WHEN GARY LUNDGREN WILL BE CHARGED WITH FRAUD AND THEFT

Global Bank Tower
My article, which was posted yesterday,* has resulted in a number of readers reminding me that Gary Lundgren, who handled investments for the imprisoned Colombian master Ponzi schemer, David Eduardo Helmut Murcia Guzmán, stole most of the real estate he purchased for his client, as well as a room full of narco-cash.

 One reader also brought the fact that he helped himself to Murcia's Ferrari, which locals say he removed the engine from, to deter theft, and stored in a secure parking garage in Panama City. If you are going to be a thief, the saying goes, steal big; Mr. Lundgren obviously follows that philosophy.




One in particular drew my attention to the fact that Lundgren now holds properties Murcia purchased in these buildings:

(1) Global Bank Tower
(2) Century Tower
(3)Trump Ocean

Will he ever be charged in Panama ? We cannot say, but stay tuned, because our sources advise that we can expect some news from the Unites States, regarding Mr. Lundgren, quite soon.

Trump Panama
 
Century Tower





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HAPPY JULY 4th, AMERICA



To all my readers in the United States, and Americans abroad, Happy 4th.


Friday, July 3, 2015

HAMAS LEADER WHO STARTED 2014 GAZA WAR DIRECTS TERROR ACTS FROM HAMAS' TURKISH HEADQUARTERS


His name is Salah Al-Arouri (a/k/a Saleh Al-Aruri), he is a founding member of Hamas' military arm, and he has spent many years in Israeli prisons. Deported from Israel, when he was last released from prison, he now leads Hamas'  international terrorist operations from its headquarters in Turkey.

Al-Arouri directed the kidnapping and murder of three young Israelis in the West Bank in 2014, crimes that led to the Gaza War of 2014. He funded the operation through payments made from Hamas-controlled charities. Inasmuch as one of those victims was a US citizen, he violated American anti-terrorist laws, and can be prosecuted there, but don't hold your breath, as Turkey, which provides safe haven to Hamas leaders, will protect, and not extradite, this career terrorist to the United States. The fact that he was responsible for terrorist acts that started a war, and that, on his orders, the victims were each shot ten times, with a silenced pistol, tells you how despicable this person is.

Al-Arouri is reportedly also behind the recent, but foiled, Hamas plan to conduct a coup d'etat in the West Bank, and unseat Abbas and Fatah, replacing the existing government with Hamas. If you were wondering why my recent article called upon you to raise Country Risk, this is but one of many factors which have led me to that conclusion.



FRAUDSTER GARY LUNDGREN ATTEMPTS TO SILENCE HIS MEDIA CRITICS



Gary James Lundgren, the expat American fraudster who is believed to be the intellectual author of the Financial Pacific/Petaquilla Mining insider trading scandal, attempted this week to shut down a Panamanian website that has featured a number of articles written by your blogger, incriminating him, offering details of several criminal and civil cases, pending against him.  Lundgren, who sometimes calls himself Gary Lundgren, has previously threatened this blogger and his campaign against Lundgren, who has victimized a large number of Canadian and American  expatriates living in the Republic of Panama.

Offering victims an astounding eight per cent per month on their investments with him, Lundgren has now reportedly been unable to make interest payments to his clients, and is refusing to meet with them, or even come to the door of his Panama City office. Notwithstanding his representations, Lundgren has no securities license in Panama, nor do any of the Panama corporations that he controls.

Lundgren is said to be presently under investigation, by the Securities & Exchange Commission in the US, as well as the Internal Revenue Service, and also by the Anti-Corruption Prosecutor in Panama, and certain Canadian government agencies.

David Murcia
Additionally, his role in laundering a huge amount of Ponzi proceeds, as well as narcotics profits, who took the form of bulk cash smuggled into Panama, of convicted Ponzi schemer, David Eduardo Helmut Murcia Guzmán, continues to be investigated, as some of that cash is believed to have ended up as seed money for insider trading in Petaquilla stock.

We shall continue to report on Mr. Lundgren.

APPEALS COURT AFFIRMS CONVICTION AND SENTENCE OF PONZI SCHEME LAWYER


The Federal Courts continue to mete out strict punishment to lawyers who, even on the fringes, facilitate Ponzi schemes.The Eleventh Circuit Court of Appeals has affirmed the conviction, and five-year sentence, of Fort Lauderdale, Florida attorney Christina Kitterman, an attorney in billion dollar Ponzi schemer Scott Rothstein's law firm. Kitterman impersonated a Florida bar official, in a telephone conference with Ponzi victims, to falsely assure them that a non-existent Bar matter was interfering with their payments.

Kitterman's attorneys had asserted that the evidence was insufficient to sustain conviction. The appeals court held that " there was sufficient evidence that a jury could believe that Kitterman intended to cause the deprivation of something of value by ... deceit.*" it also dismissed her allegations that certain evidence was inadmissible and prejudicial, and found that the 60-month sentence was substantively reasonable.

The opinion sends a clear message to the legal community; if you assist a client, who is later determined to have perpetrated a Ponzi scheme, you will face the consequences. Florida Federal Courts have also meted out similar punishement to lawyers who represented mega-Ponzi schemer Joel Steinger, whose Mutual Benefits Corp. Ponzi rocked the life settlement industry.
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*United States v. Kitterman,  Case no.: 14-12387 (11th Cir. 2015) at 5.

Thursday, July 2, 2015

ARE YOU BANKING ANY WEALTHY WEST INDIANS WHO WERE BORN IN TEHRAN ?


A reminder: the United States found that Iranian nationals evading global sanctions, through transactions conducted in the countries of Central Asia, found that these sanctions busters employed their St. Kitts & Nevis economic passports, when asked for identification, thus evading any questions about possible sanctions issues.

It is important to remember that these Caribbean nations offer  citizenship-for-cash programs:

(1) The Federation of St. Christopher & Nevis, more commonly known as St. Kitts.
(2) Antigua & Barbuda.
(3) Dominica.
(4) Grenada.

Compliance officers must ascertain, and verify, the place of birth of any potential client from these countries, to rule out economic passport holders. (Is the client not of African descent, and does he not have a Caribbean lilt to his English ? if so, you may have a problem.)  If the passport does not contain birthplace information, as do many from St. Kitts, require that data be shown by an official government document. Otherwise, you may later find yourself having approved an Iranian or Afghan national, who is a PEP, and is a person of interest in a financial crime investigation. 

Wednesday, July 1, 2015

DID PANAMA BANKS DELAY ARTHUR PORTER'S EXTRADITION, TO SEIZE HIS MONEY UPON HIS AVOIDABLE DEATH ?

Dr. Arthur Porter

Dr. Arthur Porter, a prominent Canadian physician, who was accused of diverting tens of millions of dollars, in a major hospital bribery scandal, has died, while in custody, in the Republic of Panama. The back story, of his unnecessary and untimely death, paints an ugly and disgusting picture of the avarice of Panama's leading banks, who reportedly maneuvered to delay his extradition. The purpose of the delay was to ensure that he would expire in Panama, having large accounts in local banks, which the banks intended to seize and convert to their own use. Porter was allegedly involved in a $22.5m kickback scheme in Canada.

Mr. Porter, who was formerly the chairman of the Intelligence Review Committee, overseeing CSIS, Canada's intelligence agency, had terminal lung cancer, when he was detained in Panama in 2013. It has been widely reported in Panama City, that bank executives, at those Panamanian financial institutions where Porter kept large accounts, conspired to pressure local prosecutors, under the corrupt former Martinelli administration, to delay his extradition indefinitely, for the sole purposes of retaining it after his premature death, due to the criminal denial of treatment for Porter. The deceased, who passed away on July 1st, is said to have suffered greatly in jail;  he could have survived for a long period of time, had he been allowed to return to Canada, to face the charges, and be treated for his illness.

The vulture-like attitude of Porter's Panamanian bankers, which has shocked even the most hardened Panama observers, is indicative of the absolutely amoral culture that exists among the most senior bankers in Panama. Whether those individuals whose improper influence resulted in Porter's mistreatment and excessive period of incarceration, when he had already waived any defenses, and asked to be extradited, receive justice for their crimes, is another matter.