Panama

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Insider Talking: July 12, 2007

July 12, 2007
James Fontanetta, a former director of Cayman Islands-based SEGOES Services Ltd., f.k.a. SEGOES Securities Ltd., has been so helpful to the company's liquidators that they have agreed to apply to set aside a default judgment that they obtained against him at the Grand Court of the Cayman Islands; and Regulatory warnings around the world.

Latin America Round-Up: June 10, 2007

June 10, 2007
ARGENTINA: New Law to Include Terrorism; BRAZIL, COLOMBIA & PANAMA: More Soccer Players in Trouble; CHILE: Attempt to Reinforce Anti Money Laundering Legislation; COLOMBIA: Dollars Galore; Regulate yourself!; Creative Ways to Launder Money; MEXICO: Up in Arms; and PERU: Hope for Extradition.

Latin American Round-Up: May 14, 2007

May 14, 2007
BOLIVIA & VENEZUELA Bolivia and Venezuela shrug their shoulders Bolivia and Venezuela have shrugged off a U. S. State Department's annual report on global drug trafficking that criticizes them. In the report, Venezuela is singled out as an increasing menace.

Panama seeks US bank records for property-based fraud investigation

May 14, 2007
Article based on applications for the appointment of Commissioners to collect evidence for a criminal investigation into an alleged property-based fraud - pursuant to a request for judicial assistance from Panama - that were filed at federal courts in the USA on February 23, 2007, March 28, 2007, and April 16, 2007. Individuals and businesses mentioned in the request for assistance include Robert Lloyd Hammond, Wells Fargo Bank, TD Waterhouse, Bank One Corp., U of C Credit Union, Citibank, Kim Opler, and Banco Nacional de Panama.

Panama: Robert Lloyd Hammond(2)

April 16, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Robert Lloyd Hammond for alleged fraud.

Insider Talking: April 5, 2007

April 5, 2007
Former Bahamas-based money manager Martin Tremblay receives a 48-month prison sentence for money laundering, Richard E. Busch, Jr. is extradited from the Republic of Panama to Alabama to face securities charges, clients of Julius Baer Holding AG are being investigated by German tax authorities after a former employee in the Cayman Islands stole data and turned it over to the authorities, and Bermuda Stock Exchange-listed Ashby Corporation announces collapse of deal to sell Bahamas Film Studio to Bahamas FilmInvest International.

Panama: Robert Lloyd Hammond (Texas)

March 28, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Robert Lloyd Hammond for alleged fraud.

Italy: Antonio Ferreri et al

March 16, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Antonio Ferreri and others for alleged tax evasion, communications fraud, securities violations and money laundering.

Panama: Robert Lloyd Hammond

February 23, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Robert Lloyd Hammond for alleged fraud.

Amerindo Internet Growth Fund Ltd.: Chapter 15 Petition

February 9, 2007
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by David Walker and Lawrence Edwards, as the Foreign Representatives of Amerindo Internet Growth Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Costa Rica: La Nacion

January 30, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into La Nacion SA, Manuel Francisco Jimenez Echeverria, Javier Leon Longhi, Luis Javier Uribe, Carlos Alberto Gonzalez, Fernando Vargas Espinoza and Capital Leasing Corporation for suspected tax evasion.

Sweden: Rolf Stalhandske

January 11, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Sweden into Rolf Stalhandske for alleged tax fraud regarding Vastra Gotalandsregionen.

Latin America Round-Up: November 9, 2006

November 9, 2006
ARGENTINA New anti terrorism law Under pressure from the United States, Argentina is about to pass a law that will punish the funding of terrorist activities. Until now, Argentina did not have laws specifically combating terrorism funding. The Argentinean Congress

United Kingdom: Trevor William Rowell et al

November 7, 2006
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Trevor William Rowell, Wendy Ruth Rowell and Jamie Moses for alleged distribution of child pornography.

Latin America Round-Up: October 5, 2006

October 5, 2006
BRAZIL Complicated campaignIt looked like an easy first round victory for President Luiz Inácio Lula da Silva until Brazil's election campaign was shaken by a convoluted corruption scandal. The president's party, the Workers Party (known as PT), has been accused

Panama seeks evidence from Miami-based Calypso Wireless

October 5, 2006
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance by Panama - that was filed at federal court in the USA on September 5, 2006. Individuals and businesses mentioned in the request for assistance include Nicolas Alfredo Armelino, Luis Antonio de Gracia Esclopis, Gabriel Angel Marquinez Almanza, Calypso Wireless Inc., f.k.a. Kleer-Vu Industries, Inc.; Higinio Aguirre Caballero, George Byron del Camen Alegria Castellon, Geo Investment Inc., Ruben Garza, and Ruben Elias Rodriguez.

Latin America Round-Up: September 7, 2006

September 7, 2006
BRAZIL New intelligence unit Brazil's Foreign Ministry officially announced the creation of an intelligence center, in cooperation with Argentina and Paraguay, located in Foz do Iguacu - in the so called tri border region - to combat money laundering and

Panama: Nicolas Alfredo Armelino et al

September 5, 2006
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Nicolas Alfredo Armelino, Luis Antonio de Gracia Esclopis and Gabriel Angel Marquinez Almanza for alleged fraud.

PILL resurfaces in Panama under new name

August 8, 2006
An offshore financial services group that wound down its Bahamas-based business following legal action by the United States Government has resurfaced in Panama and England under a new name.Prosper International League Limited, widely known as PILL, has dismantled its web-site at www.pill.net and morphed into Alliance Asset Management, which has a site at www.allianceasset.com.

Latin America Round-Up: July 10, 2006

July 10, 2006
CHILE: The Arms-Laundering Connection; COLOMBIA: Updated Black List; INTERNATIONAL: International Cooperation Facilitates Capture; PANAMA: Towards Expansion?; and PERU: García Wins; and New Tools to Fight against Laundering.

Panama requests evidence from Atlanta accountant for fraud inquiry

July 10, 2006
Article based on an application for permission to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Panama - that was filed at federal court in the USA on June 8, 2006. Individuals and businesses mentioned in the request for assistance include Charles Marie Joseph Ewert, Jose Andres Mejia de la Rocha, Alexis Tejada Vasquez, Jose Guillermo Gonzalez, Elides Pinilla Pinilla, Gaston Block, Reofin International SA, Michael Stresser, Stresser & Associates PC, Banco Leu Luxembourg Societe Anonyme, and Ferrier Lullin Bank.

Parent of offshore insurer accused of $50 m securities fraud

July 10, 2006
A publicly-listed company in the United States whose subsidiaries include an offshore insurer is being sued in New York by investors who claim they were victims of a $50 million securities fraud. Strategy International Insurance Group Inc., whose shares are currently trading on the Over-The-Counter Bulletin Board at just six cents per share, misrepresented its assets and concealed “material negative facts” about some of its “principal executives and directors” in a private placement memorandum, according to the plaintiffs, who include investment funds in the British Virgin Islands and Cayman Islands. 

Panama: Charles Marie Joseph Ewert et al

June 8, 2006
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Charles Marie Joseph Ewert, Jose Andres Mejia de la Rocha, Alexis Tejada Vasquez, Jose Guillermo Gonzalez and Elides Pinilla Pinilla for fraud and the illegal practice of law to the detriment of Gaston Glock.

Insider Talking: June 7, 2006

June 7, 2006
A British company that is at the heart of a liquidation scam being perpetrated against creditors of failed litigation funding firm Invaro Ltd. has missed a statutory deadline for filing its first accounts and is now subject to penalty fees; Former Panama-based, offshore financial services provider Marc Harris, 41, has lost his appeal against his November 24, 2003 conviction in the United States on multiple tax fraud, tax evasion and money laundering charges and May 21, 2004 sentencing to 17 years in prison, a fine of $20.3 million, and restitution of $6.6 million; and An unlicensed Canada-based forex dealer with a checkered past appears to be behind a purported offshore investment provider that was the target of a warning by the Bermuda Monetary Authority earlier this year, OffshoreAlert can disclose.

Latin America Round-Up: June 7, 2006

June 7, 2006
COLOMBIA: Uribe set for win;; Arrested for Money Laundering; MEXICO: Laundering Couple Trapped; NICARAGUA: Efforts to Repatriate Alemán's Assets Continue; PANAMA: Prestigious Law Firm Involved in Pinochet Scandal; and PARAGUAY: Saving Cooperatives under Scrutiny.

Bancredit Cayman Ltd.: Chapter 15 Petition

May 10, 2006
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Richard Fogerty and James Cleaver, as the Foreign Representatives of Bancredit Cayman Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Released from prison, mafia fraudster sets up new securities scheme

May 5, 2006
A 68-year-old fraudster released from prison in the United States only 21 months ago for helping the New York mafia commit violently-enforced stock scams has picked up where he left off, OffshoreAlert can reveal.Mexico-based, U. S. national Joseph Andrew Mann, now using the name Joseph Andres Mann Piccione, is behind a web of shell companies in several countries, including England, Panama, and Dominica, as part of a new securities scheme that bears striking similarities to the fraud to which he pleaded guilty in the United States in 2004.

Latin America Round-Up: April 6, 2006

April 6, 2006
ARGENTINA: Towards the End Of a Tragedy; BOLIVIA: Agrarian Reform; COLOMBIA: More Requirements for PEP Accounts; From Legislative to Presidential Elections; REGIONAL: Pre-paid Cards Under ScrutinY; MEXICO: Corruption and Water; Extraditing Informant; PANAMA: News from Noriega; VENEZUELA: Agrarian Reform Gone Sour.

Panama fraud investigators seek Commerce Bank records

March 6, 2006
Article based on an an application to collect evidence for a criminal investigation into - pursuant to a request for judicial assistance from Panama - that was filed at federal court in the USA on February 2, 2006. Individuals and businesses mentioned in the request for assistance include Eduardo Alberto Avila, Marco Pompilio Morelli Seeleke, Commerce Bank, and Banco Continental.

Insider Talking: February 4, 2006

February 4, 2006
A U. S.-based professional organization for private investigators has revoked the membership of Cayman Islands-based PI William Claude C. Myles for “professional misconduct” and violations of its code of ethics; What is the going rate for climbing into bed with crooks to ‘throw' a liquidation so the bad guys can continue to profit at the expense of true creditors? Try £1,624 (US$2,870) per day!; A victim of 72-year-old serial fraudster Keem Kalfon, a.k.a. Chaim Kalfon, a.k.a. Chaim Chalfon, has set up a web-site at www.chaimchalfontaxevader.com following the collapse of his latest scheme, known as LifeStyle Master Inc.; Once again proving that there is no hiding place for financial criminals, no matter which country they flee to when looking for a rock to hide under, the U. S. Government recently arranged the deportation from Panama of accused fraudster David Alan Struckman, a co-founder of the Global Prosperity Group; and If Bahamas-based investment scam group Banakor Swisse is indeed behind several menacing telephone calls that have been anonymously made to OffshoreAlert's publisher over several months, as evidence indicates, it would not be the first time that the group has reacted crudely to an investigative journalist writing negatively about its fraudulent activities.

Panama: Marco Pompilio Morelli Seeleke

February 2, 2006
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Eduardo Avila for allegedly defrauding Marco Pompilio Morelli Seeleke of $15,000.

USA v. Michael Enrest Zapetis, Sr. et al: Criminal Indictment

January 17, 2006
Indictment in USA v. Michael Enrest Zapetis, Sr., Karen Carazo Zapetis, Richard Joseph Solomon, William Allen Broughton, Clifton Fred Lees, William L. Clancy, John E. S. Kramar, Peter Ivan Greengrass, Richard William Peterson, and Anthony John Hicks at the U. S. District Court for the Middle District of Florida.

British accountants charged with offshore scam

November 17, 2005
Two British nationals have been charged with defrauding clients of companies in the Bahamas and England in a high yield investment scam.Shinder Gangar, 44, and Alan White, 47, were each charged with two counts of conspiracy to defraud at Leicester

Drug trafficker fights for control of Liechtenstein assets

November 4, 2005
A convicted drug trafficker who laundered his criminal proceeds through accounts in the Bahamas, Liechtenstein and Panama has allegedly reneged on a deal to turn over his assets to the U. S. Government.Details are contained in a forfeiture complaint that

PayPal records targeted by IRS in offshore tax evasion investigation

October 26, 2005
The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

Lithuania: Savas Krantas UAB

October 11, 2005
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Lithuania into Aleksandr Dulerain and Virtus Trading Group LLC for alleged forgery.  

Panama seeks evidence from Wachovia Bank in Virginia

October 4, 2005
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation - pursuant to a request for judicial assistance from Panama - that was filed at federal court in the USA on August 18, 2005. Individuals and businesses mentioned in the request for assistance include Michel Eleas El Asmar, Banco Continental de Panama, and Wachovia Bank.

Panama seeks account records at Banco de Bogota International in Miami

September 4, 2005
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged narcotics trafficking - pursuant to a request for judicial assistance from Panama - that was filed at federal court in the USA on July 27, 2005. Individuals and businesses mentioned in the request for assistance include Luis Carlos Herrera Lizcano, Maria del Pilar de Herrera, Banco de Bogota International Corporation, and Banco Ago-Industrial Comercial de Panama.

Panama: Banco Continental de Panama

August 13, 2005
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into the transfer of $154,000 from an account in the name of Michel Eleas EI Asmar at Banco Continental to an account at Wachovia Bank in Roanoke, Virginia.

Panama requests evidence in New York for criminal investigation

August 3, 2005
Article based on an application to collect evidence - pursuant to a request for judicial assistance from Panama - that was filed under seal at federal court in the USA on June 28, 2005. The case is styled 'Request From Panama Pursuant to the Treaty Between the United States of America and Republic of Panama on Mutual Assistance in Criminal Matters in the Matter of Francis Novitsky'.

Panama seeks bank records in Miami for fraud investigation

August 3, 2005
Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Panama - that was filed at federal court in the USA on July 20, 2005. Individuals and businesses mentioned in the request for assistance include Osvaldo Antonio Quiroz Miranda, Northbay International Inc., and Plus International Bank of Miami.

Panama: Luis Herrera Lizcano et al

July 27, 2005
Application for the appointment of a Commissioner for a criminal investigation in Panama into Luis Carlos Herrera Lizcano and others for alleged narcotics trafficking and money laundering.

Panama: Northbay International Inc.

July 20, 2005
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Panama into Osvaldo Antonio Quiroz Miranda for alleged fraud to the detriment of Northbay International Inc.