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