Gerli is accused in the Panama case of fraudulently taking possession of client real estate, by illegally acquiring ownership through bearer shares of Panamanian corporations that held title to the properties. He is known to have perfected the bearer share scheme, during the time he was the attorney for the American expat, Gary Lundgren, who is known to have employed the same fraudulent technique to steal real estate from Canadians and Americans, with Gerli's advice and counsel. Gerli and Lundgren are defendants in a large number of civil suits in Panama.
According to Kokorev and his lawyers, Gerli traveled to Spain, and falsely accused Kokorev of participating in a money laundering scheme, conducted through Spanish banks, to launder the proceeds of corruption of the family of the president of Equatorial Guinea, Teodoro Obiang. Spanish prosecutors reportedly later learned that his testimony had no factual basis, that he violated the attorney-client privilege, and that his statements to prosecutors were made with the intent to falsely incriminate Kokorev and his immediate family.