Tuesday, June 2, 2015


Lundgren and friends
Gary James Lundgren, the powerful American fraudster operating in Panama, whom we have been covering of late, also has a long history as a sexual predator. In a Court of Appeals of Washington decision*, we learn that Lundgren, as well as his companies, InterPacific Investment Services, inc., and Global Finance & Investment Company. A female victim was awarded a judgment for damages for $43,500, plus $257,751 in attorneys' fees, for hostile environment sexual harassment. He appealed the decision.

The Court of Appeals affirmed, holding that the trial court did not abuse its discretion. One wonder whether any of those investors who signed on with Lundgren's companies saw that information before committing funds.

That was in the United States; since relocating to Panama, Lundgren has been accused of;

(1) Demanding sex from female clients, as a precondition to extending them a loan.
(2) Committing sexual battery on his employees, and then paying them a large sum to not report him to the authorities. In essence, a cover-up. One employee resigned, rather than endure his unwelcome physical advances.
(3) Attempting to rape single females that he comes into contact with in business.
(4) Delaying financial transactions, all the while making unwanted sexual overtures to businesswomen that he is working with.

Why is he not in prison, as a sex offender ? Panama's macho environment generally makes sexual battery cases impossible to prosecute, and remember, Mr. Lundgren has the famous "fixer" as his attorney, Alcides Bartolo Peña, and he is well know for his ability to manipulate the court system, through the extensive use of bribes and favors.

As we have previously reported on this blog, if any of Gary Lundgren's investors had bothered to conduct even a rudimentary due diligence investigation, they would have exposed many skeletons in his financial closet, and these sexual crimes merely add to a long list of sins and transgressions that disqualifies him from any serious consideration as a broker or investment counselor, neither of which he holds a Panama license for.
*Steele vs. Lundgren, 982 P.2d 617 (Wash. Ct. App. 1999) readers who do not have access can review the complete text of the decision here.

Note about photograph: Lundgren, with his known associates;  Panama's fugitive ex-President Ricardo Martinelli, and convicted Colombian Ponzi schemer, David Eduardo Helmut Murcia Guzmán.

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