Key figure in FP/Petaquilla scandal disappears, oppa Don Martino style

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Vernon Ramos disappearedThe Financial Pacific scandal that involves our glorious leader Don Rico Martinelli and pumping and insider trading of the trainwreck Petaquilla goldmine stock is now turning into a full-fetched Il Capo sequel with the disappearance of one key investigator and witness, and competing capos commenting in La Prensa.

Vernon Ramos, the sub-director of the auditing department of the Superintendency of the Securities Market - sort of an SEC kind of thing, Panama style - disappeared on November 16th 2012, just a day after his organization decided to do another audit of Financial Pacific, the brokerage house where money disappeared and tons of other shady stuff went down, like money laundering.

Financial Pacific, according to a whistleblower, maintained one secret account for a guy called Ricardo Martinelli which he used for insider trading of Petaquilla shares. Ramos managed the audits of Financial Pacific.

The family of Ramos has warned the authorities - read: Martinelli & Co - that they will hold them responsible for anything that might happen or have happened to him.

Meanwhile, octane levels of the Financial Pacific scandal were cranked up another notch when two letters were unearthed from Il Capo Martinelli, in which he instructed the Attorney General how to bury investigate the case. Yes, you read that right, the suspect instructs the investigators how to investigate him.

Apparently that went a bit too far even for our puppet AG, because he included the letters in the case file before heading off to become a magistrate in the Supreme Court, thus making sure they would eventually be made public.

Is that all? Nope. We wouldn't want to leave you, dear reader, without a juicy bit of rumor we picked up in the alcohol-soaked grapevine otherwise known as the "English speaking expat community". Rumor, thus, has it that authorities from up North are frowning upon the stock pumping activities of one well known gringo terrorist PR flack and scam pimp here in Panama, and are asking around for more information and maybe witness accounts. Do we know this for a fact? Nope. Would it surprise us? Nope. The way this particular individual damages Northern interests in Panama - and continues to do so - a sort of guarantees that he'll be shut down one way or the other.

martinelli-evangelicalsUpdate: Real mobsters of course go to church where they confess their sins to chain smoking corrupt priests. Martinelli did his own version: He went to one of those rallies of evangelicals, where mass hysteria and endless yelling by Christ purveyors are the main attractions, reports the Oligarch Daily. And this touched, with God's hand, our dear president so much (that's why he had these sunglasses) that he asked for forgiveness in case he had offended anyone, maybe, at one point. Cute, huh? Shows he's human after all. Except that he didn't talk about the deaths he caused, or the money he stole. However, while we are obviously not impressed by Don Ricamar's little show, the Alzheimer Oligarch appears to be deeply moved, on Twitter.

4 thoughts on “Key figure in FP/Petaquilla scandal disappears, oppa Don Martino style

  1. Maybe you didn’t catch the “NSF” (Non Sufficient Funds) in a previous comment they are (Petaquilla) bouncing checks now in the 5 figures plus to suppliers

  2. Petaquilla denies owing money to Jamieson
    Petaquilla Minerals Ltd (C:PTQ)
    Shares Issued 222,230,161
    Last Close 1/15/2013 $0.52
    Monday January 14 2013 – Street Wire
    by Mike Caswell
    Petaquilla Minerals Ltd. denies owing any money to a contractor that is suing the company in the Supreme Court of British Columbia over unpaid invoices. Petaquilla says it had no agreement with the contractor, Jamieson Consulting Pty. Ltd., and did not own the Molejon mine where the contractor claims to have worked. Even if there were an agreement, Jamieson did not do all the required work, according to Petaquilla.
    The company is responding to a lawsuit that Jamieson filed at the Vancouver courthouse on Nov. 2, 2012. According to the suit, Jamieson performed “productivity improvement” services at Petaquilla’s Molejon gold mine in Panama in 2010 or 2011. It had a budget of $1,174,500 plus travel expenses. (All figures are in U.S. dollars.)
    Jamieson complained that it only received partial payment for its invoices, with $401,929 outstanding after its contract came to an end. The suit sought a $401,929 judgment, plus interest and court costs.
    Petaquilla says no money owing
    Petaquilla, in a response filed on Friday, Jan. 11, denies ever entering into a contract with Jamieson. The company says that any agreement was between Jamieson and another company called Petaquilla Gold SA (which is also a defendant). Alternatively, if there were a contract, then Jamieson did not perform sufficient services to entitle it to be paid all or any of the money it seeks, the response states.
    Also in its response, Petaquilla says that it does not own or operate the Molejon gold mine in Panama, where Jamieson claims to have done the work. The company further denies the suit’s allegation that Petaquilla Gold is a subsidiary. (The response does not say what the relationship between the companies is.)
    Petaquilla Gold separately filed a brief response to the suit, also on Friday. It too asks that the claim be dismissed, arguing that the courts in B.C. have no jurisdiction. Petaquilla Gold says it does not carry out business in B.C. and is incorporated in Panama.
    Vancouver lawyer Gordon Plottel of Miller Thomson LLP filed the responses on behalf of both Petaquilla Minerals and Petaquilla Gold.

  3. Pingback: Is Petaquilla playing the corporate shell game to dodge its creditors? | Bananama Republic

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