User Rating: 2 / 5
FROM THE CHRONICLES Of Andrei Slavenkov Netherlands – Analyst for WANTED SA~ ~Contributed & Written by Kenneth Rijock
Panama's most prolific fraudster, the American expat, Gary James Lundgren, continues to give the finger to the Financial Industry Regulatory Authority (FINRA), from the safety of his offshore base in the Republic of Panama. Is it because he has the proverbial "get-out-of-jail free card," by virtue of a longstanding Confidential Informant status with a US law enforcement agency, we wonder ?
Banned by FINRA, from any association in the securities industry, Lundgren continues to sell unregistered securities to US residents, employing a Panama corporation that he formed last year, Interpacific Investors SA, which has the same name as his former, and now closed, securities firm in the State of Washington. He is still using the same website, www.interpacificinvestors.com , as his shuttered US brokerage firm, but now visitors as sent directly to Interpacific Investors SA. He is obviously targeting investors who are US residents.
Lundgren is offering "bonds," which are, in truth and in fact, unregistered securities, and which he markets, in the United States, through a covert network of stock salesmen who funnel capital to him. Currently, Lindgren's two sons, and a front man are handling transactions.
Lundgren is offering "bonds," which are, in truth and in fact, unregistered securities, and which he markets, in the United States, through a covert network of stock salesmen who funnel capital to him. Currently, Lindgren's two sons, and a front man are handling transactions.
The so-called bonds are fractional interests in Panama real estate projects; as they are an investment scheme, the profits of which are solely to come through the efforts of others, they fit the classic definition of what constitutes a security. So why isn't this an SEC case yet ? The Securities & Exchange Commission has jurisdiction over the sale of unregistered securities in the United States.
WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces who have contributed to the many articles and their sincere opinions and statements.
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.
