We have previously reported on Gerli's role in a number of frauds; he gave false testimony in a case pending in Spain, solely for material gain, and in which he sought to extort money from a former client. He is also known to have been the attorney for the notorious American fraudster & sexual predator, Gary James Lundgren, and reportedly taught Lundgren how to illegally acquire bearer shares, and through them, substantial real estate holdings of Canadian and American investors residing in the Republic of Panama.
Gerli is linked to the convicted American securities trader, Joshua VanDyk, who you may recall worked at Ryan Bateman's Grand Cayman firms, Bateman & Company Ltd. and B & Capital Ltd. During that time VanDyk offered North American businessmen a scheme, through which VanDyk hid untaxed wealth in the Cayman Islands. Both Gerli & VanDyk were often operating in Belize at the same time, and a reliable source has confirmed their close association. Did Gerli adroitly hide, and launder, some of the missing investor dollars ? That would explain investigators' reports of lack of a paper trail of some of the funds.
|Gary Lundgren, the Bill Cosby of Panama|
Whether Gerli's proverbial Get-out-of-Jail-Free Card will now be terminated, with prejudice, remains to be seen, but we will be watching.
* The Cayman Gang of Four are:
Sharon Lexa Lamb
Fernando Mota Mendes