This project has had 15 % normal sales completed since its inception in 2006/2007. The rest represents bulk deals with people associated with Merchbanc in Spain and four lawfirms in Panama creating anonymous holding vehicles for unknown owners. The project remains over 50 % unsold. It is hard to reach any conclusion but that substantial amount of money laundering is taking place.
For many of our readers this may be a bit too long ago to remember, but once upon a time, around 2003, out of the Tom McMurrain scandal and his San Cristobal noni scam came the next adventure, our investigation into fugitive fraud artist Homer W. Forster.
Legal trouble has once again been mounting for Richard Fifer, the former drug trafficker behind the Petaquilla gold mine, and we're told he moved to Spain where he runs new sleazy schemes.
Desperate forestry con man Patrick Visser starts Q&A session without anyone answering his nutty questions.
On top of protests all over Panama, labor unions in Spain marched in front of Panama's consulate in Barcelona, which is headed by a nephew of our First Lady in good nepotist fashion.
Under Martinelli's and Varela's rule, Panama's embassies have turned into foreign sales outlets for Varela products like Seco and Ron Abuelo.
Patrick Visser, the head of Silva Tree Panama, just wrote us an email announcing that his lawyers will start legal procedures to have what we wrote about him and his forestry outfit removed.
Panama is open for business, but only if you like to be ripped off by our government crooks. In just one day, the Martinelli clique manages to get in hot water with Spain and Bolivia.