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NOTE: hackers continue to seek to take this article down, so we are republishing to give new readers an alert on the fraudsters.
The Superintendency of Securities (SMV) has intervened in Panama Wall Street SA, a Panama City brokerage firm whose foreign clients have reportedly sustained major losses, and where securities fraud is alleged to have occurred. The SMV actually took over the firm's website, and posted its Notice of Intervention there. it appears below:
The company is controlled by a Dutch national, Jochem Bernard Buse, and it has been linked to the American expat, Gary James Lundgren, who was recently banned for life from securities trading by FINRA. Buse's previous securities firms, Thaler Traders SA and Thales Securities SA, were both involved in selling bogus High Yield Investment Programs, (HYIP) fictitious schemes that promise extraordinary returns, but, in truth and in fact, are merely Ponzi schemes.
JOCHEM BERNARD BUSE - NETHERLANDS
Jochem Bernard Buse also sold HYIP investments offered by Lars Christiansen, who operated a Danish investment firm known as Saxo Bank, which has been the subject of multiple investigations. Buse was previously in business with the convicted high yield American fraudster, Marc Harris.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant
