We continue to hear from investors who sent in money to the broker-dealer, Panama Wall Street, SA, shuttered by order of the Superintendency of Securities (SMV). The victims have been told that the Government of Panama has frozen all the assets of the firm, in the Intervention, though the truth appears to be that the company was a Ponzi scheme, and no significant assets were seized. Securities fraud has been alleged.
Panama Wall Street's principal, Joachim Bernard Buse, a citizen of the Netherlands, who previously operated a fictional "High Yield Investment Program (HYIP)," is known to have spent huge sums of investor funds on jewelry, for his Peruvian paramour, and to have made other purchases of expensive personal items.
Persons or entities unknown to this blog have attempted to hack into, corrupt, and otherwise interfere with, previous articles about the fraud committed at Panama Wall Street, but all such efforts have been unsuccessful. Readers who wish to review the Intervention Order against Panama Wall Street SA can find it on previous articles published by this blog.
Contributed by Kenneth Rijock
Posted by Andrei Slavenkov