Thread: http://www.panamalaw.org/ ... Legit?

BTW... If anyone has been a victim of this Panama/Guatemala/Mexico/wherever-it-is-at-the-moment "law firm" or has been defrauded/threatened/blackmailed ad nausea by any of the US players in this scenario - please file details with Internet Crime Complaint Center (IC3). Obviously files are open on a number of targets already, but further information on their criminal activity can be helpful for intelligence and prosecution purposes. The IC3 website is also convenient for reporting crimes by US citizens where the victim does not live in the US.

By the nature of the "law firm" scam, it is inevitable a number of victims will have given their personal data to their "trusted lawyers" and may not be in a position to make a formal complaint because of possible problems re taxation et al. This is exactly the angle that the "law firm" is appealing to on their website - they market themselves on the basis of "The Fall of the American Empire" and appeal to the "big brother govt" wannabe escapees with undeclared tax dollars in their hands. They want something incriminating on their "clients" to enable coercion/blackmail if the victim threatens to report fraud - and the "client" often gives that up on a platter.

@DinarQueen - Na.. I don't think you should delay any further in using this criminal enterprise 'legal firm' - you know it makes sense to deal with thieves and fraudsters. They provide such appealing information on their website - e.g. "How to get out of Dodge" - how can anyone resist the oozing professionalism?

Yes, great idea. Reveal your identity to the FBI and that you want to hide your assets offshore and you met some "bad boys".

Originally Posted by MarkG

BTW... If anyone has been a victim of this Panama/Guatemala/Mexico/wherever-it-is-at-the-moment "law firm" or has been defrauded/threatened/blackmailed ad nausea by any of the US players in this scenario - please file details with Internet Crime Complaint Center (IC3). Obviously files are open on a number of targets already, but further information on their criminal activity can be helpful for intelligence and prosecution purposes. The IC3 website is also convenient for reporting crimes by US citizens where the victim does not live in the US.

Originally Posted by EdBowers

Yes, great idea. Reveal your identity to the FBI and that you want to hide your assets offshore and you met some "bad boys".

Already covered that with this:

By the nature of the "law firm" scam, it is inevitable a number of victims will have given their personal data to their "trusted lawyers" and may not be in a position to make a formal complaint because of possible problems re taxation et al.

You ever heard of having a legal status and having no need to "hide assets offshore"??? *lol* It may appear quaint, but some people actually do this - most of the world can. I have no qualms about dealing with e.g. the FBI, any credible agency or prosecutors in relation to criminal activities - in fact, already do.

You need to assume that you have been red-flagged by the IRS for the rest of your life once you have volunteered the information to the US government. It goes beyond possible tax issues.

This is from their privacy policy:

Everything you submit "may be referred to a federal, state, local, or international law enforcement or regulatory agency, as appropriate"

As such, we cannot guarantee that your complaint will remain confidential. People who voluntarily choose to file a complaint do so knowing that all information provided may be disseminated to one or more enforcement agencies, which may or may not take action on the complaint.

Before you do so, you should know that various people might see the material you submit. We may enter the information into a database and we may share it with other agencies.

Originally Posted by EdBowers

You need to assume that you have been red-flagged by the IRS for the rest of your life once you have volunteered the information to the US government.

Fortunately, most people don't have any dealings with the IRS or could care about them Ed, but appreciate where you are coming from where US citizens are involved.

If there is a viable case and potential scenario for remedy or recovery of the proceeds of fraud and conviction of perps - I'll take that in preference to the niceties of don't-try-to-blame-us privacy clauses any day. Agencies/prosecutors/et al are not the 'enemy' - reality is they are more than helpful, tho some could get their asses into gear quicker and quit playing with paper. IC3 as a reporting and data dissemination point is actually slow but can be convenient when victims live outside the US.

I am a new poster but not new to using offshore providers for one service or another over many years. I am not sure what ever happened to beth schuldiner or chris welty or the status of panamalegal and all their associated websites.

I am really curious to know why all forums became rather mute on the subject after the indictment (if thats what they are properly called ) of beth and chris was posted posted. Obviously whatever credability beth had went out the door as it looks pretty clear that whatever money she and chris may have lost to panamalegal was probably never theirs to begin with.

But its hard not to believe much of what they said about panamalegal.org and it should be of no surprise to anyone that many offshore companies when it is to their advantage will reveal or use confidential information they have obtained from any of their clients in the course of conducting business whether it be legit or not.

My own conclusion today is that its better to share anyone but your own true identity with any of these companies for the above reason alone.

I am not trying to draw the website into more more disruptive discourse, but if anyone can or wants to comment on whatever happened to a subject that had so much momentum accross the internet, or my conclusion on using anyones ID but your own in the offshore world, I would love to hear their comments.

I am an expat who started in Panama a few years ago before moving on to another country in latin america. I will be visiting panama again for semana santa. Am currently considering working with offshoreadvisor on company formation. Any help would be greatly appreciated.

Raskan


Raskan

One reason this thread has gone quiet is that panamalaw.org has been exposed as operating somewhere between neglect and intentional fraud. A minimal amount of due diligence will alert potential clients to the likely loss of their assets and personal information if the "firm" is engaged. Mud was slung in all directions, but no reasonable person would believe panamalaw.org is a legitimate business. So, to engage them we need to lie about our identity to minimize misuse of personal information? How about just hiring a reputable attorney?

BB,

Thanks you for your response, and suggestion,

Raskan

I know the family of Ken Bidderman. I can provide detailed information as to their whereabouts including where to find their hacker Aaron Mashburn who is back in the USA and still works for Ken. If anyone needs information to help please contact me. I have also been hurt by their schemes and have been threatened by these crime lords. I am tired of their constant threats and the duress they have put me and my family of through. If you need proof that I know the information I claim please feel free to message me by email @ missing19802011@yahoo.com

I didn't actually do business with panama law. When I called, a "banker" named Manny took the call, gave me unsolicited advice on a totally unrelated matter, then when I politely told him that I didn't share his opinion, he hung up on me. Just in case the disconnection was inadvertent, I called back and my call was refused. What a way to treat a potential new customer. I'll look elsewhere.

Originally Posted by randy9492

I didn't actually do business with panama law. When I called, a "banker" named Manny took the call, gave me unsolicited advice on a totally unrelated matter, then when I politely told him that I didn't share his opinion, he hung up on me. Just in case the disconnection was inadvertent, I called back and my call was refused. What a way to treat a potential new customer. I'll look elsewhere.

No kidding!

A reasonably nice website and folks throw their common sense out the window ala Virgin Gold Ponzi Corporation and seem to not ask themselves why a Panamanian law firm is hiding out in Guatamala.