SPURNED BY BROKER-DEALER IN PANAMA, GARY LUNDGREN HAS COMPANY CLOSED THROUGH BRIBERY

Gary James Lundgren, whose licenses to sell securities in the United States have been revoked for life by FINRA, attempted recently to purchase a successful brokerage house in Panama City, which he planned use use as a front for his unlicensed high-yield investment program. Unfortunately for Lundgren, the owner declined to sell, at any price.

In response, Mr. Lundgren's attorney* reportedly paid a substantial bribe to the office of the Superintendency of Securities, and in return, the broker-dealer was closed down, by order of the agency; This action ruined the owner financially. Rumors abound around Panama, to the effect that Lundgren have, for many years, avoided arrest in Panama, by acting as an informant, but in this case, he paid to have the company he could not have shut down.

We can expect to see Gary Lundgren seeking to acquire, by legal means or otherwise, a firm with a securities license in Panama City; his grown children, James Lundgren, and ZacGary Lundgren, have reportedly been making trades, in the United States, for his clients, to evade US regulators, but Lundgren appears to be intent upon the purchase of a front company.

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* The attorney who, panama insiders say, paid the bribe, was Gaspar Lee Pedereschi, Gary Lundgren's current in-house attorney.