|Donald Trump is angry, and with good reason|
The Mossack firm, which has previously been identified for illegally using the names of legitimates NGOs, and international banks, in forming companies, in faraway tax havens, is accused of using Donald Trump's formidable brand for its clients, which is a violation of trademark and intellectual property laws. It is not known which offshore jurisdictions Mossack and Fonseca used, but it has focused on the most obscure Asian, and Indian Ocean, tax havens, in using, and abusing, the names of legitimate entities.
While there has been no identification of precisely which client the Mossack firm formed the imposter companies for, Panama observers have already pointed to the American fraudster, disbarred stock trader Gary James Lundgren, as the most likely suspect. Lundgren has made a career out of using the names of legitimate, and powerful, people, to hide his criminal conduct. Panamanian regulators have steered away from prosecuting him for years, due to the fact that he has posed as a partner of Ricardo Martinelli, and formed companies with names that appear to be linked to the former president.
|Gary James Lundgren|