ARTICLES FAIL TO NAME THE REAL POWER AT THE TRUMP OCEAN CLUB

He is a businessman known to lie, cheat and even steal, and a known sexual predator*, but the true power broker at the Trump Ocean Club (TOC) in Panama is not the Trump whom you think he is. He is the American expat, Gary James Lundgren, whom neither NBC nor Reuters, nor Global Witness identified in their recent expose' about rampant criminal activity at the TOC, and the quintessential Ugly American.

Lundgren, who left a sexual assault charge in the State of Washington years ago, and relocated to Panama City, where he resides, and where he is apparently safe from the grasp of US law enforcement agencies, engages in fleecing unsuspecting foreign investors, and laundering Cartel narco-profits. The American securities broker regulator, FINRA, stripped him, for life, of all his US licenses to sell stock, when he refused to open his books of account to it. He has been identified several times, by victims of sexual assaults he allegedly committed in Panama, and is known there as the "Bill Cosby of Panama, " due in part to his manipulation of the criminal justice system, when charged with sex crimes.

Lundgren owns, through a number of shell companies, at least

fifteen condominium units in the TOC complex, and fifteen per cent

(15%) of the outstanding bonds owned by the TOC developers.

His wife, a Colombian national whose family is linked to the

Medellin Cartel, convinced the Association to transfer the maintenance

contract to her control. The Trump companies filed a $75m damage

claim against her company, before a tribunal of the international Chamber of Commerce.

As we have previously reported, Lundgren is known to operate an

enterprise that provides prostitutes to guests at the TOC Hotel;

some Panamanians have derisively referred to him

as "The Pimp at the Trump." No story about the Trump Ocean Club is complete without

understanding that Gary Lundgren is a central player who assisted members of organized

crime syndicates, from several countries, including Russia, in money laundering, through

purchases at the Trump Ocean Club.
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* Steele vs. Lundgren, 982 P.2d 617 (Wash. Ct. App. 1999)

Chronicles of Monte Friesner - Financial Crime Analyst

Contributed by Kenneth Rijock - Financial Crime Consultant