Banco Nacional de Panama

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.

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

Criminal Indictment alleging money laundering in USA v. Marc M. Harris at the U. S. District Court for the Southern District of Florida.

New evidence obtained by OffshoreAlert shows that THREE convicted drug dealers are beneficial owners of the British Virgin Islands-registered parent of The Harris Organization financial services group. The traffickers all own preferred shares, which purport to pay annual interest of 10% in the case of Wallace Stull and James Somerville, and 7% for Lawrence Boulanger.

More information has come our way this month that sheds further light on the current and past turmoil of The Harris Organization of Panama, including details of liquidity problems, the conviction of another one of its clients on a drug trafficking charge and allegations of 'bounty hunting' against two of the group's officers. The financial services group, which we have previously reported as being insolvent, running a Ponzi scheme, ripping off clients and laundering the proceeds of crime, seems to be in financial trouble.