Professional Documents
Culture Documents
holdings.
A group of Irish Investors that included P.J
Daley and David Clark and Adrian Hillard
had invested in a large parcel of land in
Sonadora, Penonome in the middle of Cocl
Provence. A month after their project
received approval from the government to
allow for the sale of close to 400 residential
lots, it was stolen through illegal changes
made to the board of directors which
allowed their corporation to change hands.
Then once hijacked, the land was quickly
sold to a third party. The process is similar
in so many of the stolen property cases and
yet very few of these cases ever make it
through the courts largely due to the
corruption in the system and control exerted
by the group of insiders who perpetrate
these acts.
These cases seemed improbable at first, but
since then I have literally found over a hundred
similar cases. Typically a foreigner or an older
person who is not able to defend themselves are
the victims because of the complexity and
corruption within the legal system in Panama.
2. The Notary Public revives the dead. In
another case in Juan Diaz the Notary Public
simply indicated that the corporate
representative of a corporation that owned some
land personally appeared before him and sold
the property. The problem is that the individual
had died 5 years before! In yet another case,
the individual whose name appeared on the first
fraudulent transfer was also a dead man but the
other names on the documents showed that the
same notaries and attorneys were involved in
the transaction.
3. In some cases the Notary Public is also
duped by the criminals and not an accomplice in