{"id":14158,"date":"2015-08-13T14:20:47","date_gmt":"2015-08-13T19:20:47","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=14158"},"modified":"2015-08-13T14:20:47","modified_gmt":"2015-08-13T19:20:47","slug":"commentary-corruption-in-panama-the-three-billion-dollar-city-never-built-swindled-and-impoverished-children","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/commentary-corruption-in-panama-the-three-billion-dollar-city-never-built-swindled-and-impoverished-children\/","title":{"rendered":"Commentary: Corruption in Panama: The three-billion dollar city never built; swindled and impoverished children"},"content":{"rendered":"

\"opinion.jpg\"<\/p>\n

This is a troubling story that has been going on for a decade now.\u00a0 This piece is an opinion published by Wren Greaney, Research Associate at the Council on Hemispheric Affairs.<\/p>\n

On June 25, a former Panamanian notary public filed a complaint with Panama\u2019s federal prosecutor\u2019s office against the shareholders of one of the most valuable properties in the country. Mario Vel\u00e1squez Chizmar was the notary who had validated the will of multimillionaire Wilson Lucom, and then subsequently fell victim to personal attacks and prosecution, as powerful figures in Panama sought to invalidate the will\u2019s stipulations to gain control of the estate.<\/p>\n\n\n\n
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Corrupt practices rampant in the Panamanian government and the country\u2019s legal system have allowed such greed to dominate over legality. In this case, greed and power have conflicted with potentially immense benefits to Panama\u2019s citizens and its economy. There are numerous instances that illustrate the injustices resulting from the country\u2019s system, and the case of Lucom\u2019s last will and testament is of particular interest to the Washington, DC-based Council on Hemispheric Affairs (COHA).<\/p>\n

The case originated in 2006 when Floridian millionaire Wilson Charles Lucom, an American expatriate living in Panama, died. As COHA discussed in a 2010 report, Lucom specified in his will that shares of his Panama estate, Hacienda Santa Monica, be sold, with the proceeds going to the Wilson C. Lucom Foundation. The value of such proceeds totaled about US$50 million, an amount that has since vaulted to over US$145 million, according to a Panamanian Probate Court appraisal.<\/p>\n

The foundation was to be used to provide funds to purchase meals and other supplies for impoverished school children dwelling in the country, where over 16 percent of the population under the age of five suffer from malnutrition, and 85 percent of those children are designated as being poor, according to the World Bank. Lucom, who never had any children of his own, attempted to address this need through his bequest meant to benefit impoverished children.<\/p>\n

The will also allocated to Lucom\u2019s third wife, Hilda Piza Lucom, a monthly allowance of US$20,000. Her children (Wilson Lucom\u2019s step-children) were each bequeathed a one-time sum of US$50,000. These amounts might be seen as being more than negligible, but given the magnitude of the estate\u2019s value, Hilda Piza and her children were surprised and vexed at what they saw as the relatively small size of the inheritance left to them.<\/p>\n

In order to effectively manage and distribute the inheritance to Lucom\u2019s family members and the charitable foundation that had been set up, his American lawyer of 31 years and long-time friend, a highly respected tax-specialist, Richard S. Lehman, was named as the will\u2019s executor.<\/p>\n

Panama\u2019s High Level of Judicial Corruption Deprives Charity of Funding
\n<\/strong>
\nControversy around the disposition of funds began to occur almost immediately after Piza took the will\u2019s validity to court. The Probate Court approved the will but illegally suspended Lehman\u2019s rights as executor to manage the funds, and an appellate court hearing again approved the will as valid and Lehman as the bona fide executor. In August 2010, Piza and her lawyers appealed the case in Panama\u2019s Supreme Court.<\/p>\n

The panel of Supreme Court justices that addressed the case came forth with an absurd and contradictory decision to accept the will\u2019s technical validity but to allocate the proceeds of the estate to Piza rather than to Lucom\u2019s foundation. Commentators on Panamanian law have stated that this decision was born out of the country\u2019s endemic corruption rather than sound legal practice.<\/p>\n

Hilda Piza was not necessarily the main driver behind this campaign to illegally expropriate the assets, but rather was swept along in the wave of collusion and fraud that has plagued Panamanian institutions in one authoritative regime after another in recent years. At that point Piza, at 85 years of age, may not have been an effective decision-maker regarding her estate.<\/p>\n

In fact, according to a lawsuit filed with the Panamanian Public Prosecutor, several of her signatures on documents involved in the case were of questionable validity. A case file submitted to the FBI indicates that \u201cHilda was used as the vehicle to steal the Estate.\u201d It appears that Hilda\u2019s legal team and others may have manipulated Piza as well as her case in order to appropriate access to the funds.<\/p>\n

This approach readily awakened a new round of corruption among some of Panama\u2019s Supreme Court justices, which led several of them to comply with Piza\u2019s lawyers\u2019 questionable efforts. The manner in which the 2010 decision was made is a key example of the irrational and duplicitous process with which Panama\u2019s Supreme Court has operated in recent years. Three justices, Oyden Ortega, Alberto Cigarruista, and Harley Mitchell, issued the decision. Panama\u2019s Supreme Court was allowed to accept the decision of a three-member panel that unanimously agreed.<\/p>\n

Though the decision later required approval by all nine justices of the Panama Supreme Court, this needed validation never occurred. As COHA mentioned in 2010, Justice Harley Mitchell met with Hilda\u2019s lawyer in at least one private lunch in a connection that many have stated contributed to a case of bribery. In fact, a lawyer who was an advisor to the Panamanian Congress at the time filed an affidavit in a criminal complaint to the Public Prosecutor regarding the controversial nature of the decision.<\/p>\n

The affidavit stated that the attorney saw a report written by the Panamanian Financial Police, the Financial Analysis Unit (UAF), that stated that at there were \u201cbanking movements in [the three justices\u2019] personal bank accounts at the time the succession of Wilson Charles Lucom (RIP) was decided.\u201d The decision to transfer control of the assets to Piza involved a process that bypassed the clear stipulation of the will, which was supposed to be a legally binding document. This was an unfortunate continuation of Panama\u2019s ubiquitous pattern of malfeasance.<\/p>\n

Appropriation Followed by Tax Evasion
\n<\/strong>
\nSoon after the tainted Supreme Court opinion was issued, Lucom\u2019s inheritance was transferred to Hilda, who died soon thereafter leaving an executor to manage her estate and the assets she had acquired by challenging the will. Piza had held US citizenship and, therefore, US taxes were owed on her already sizeable estate as well as on the inheritance from Lucom.<\/p>\n

A whistleblower action was filed with the US Internal Revenue Service advising the US tax-collecting agency of the size of Hilda\u2019s estate as well as the belief that much of the inheritance was never reported to the US tax authorities and that the US federal estate tax had been avoided. Hilda\u2019s estate was instead transferred to an anonymous Panamanian foundation shortly after her death. The Internal Revenue Service (IRS) is now investigating the possible failure to pay US estate taxes.<\/p>\n

The United States federal government should take note of this aspect in the narrative surrounding Lucom\u2019s estate. According to the whistleblower action, the estate tax due from Hilda\u2019s estate is approximately US$50 million. This is hardly a small sum, and given the current pattern of corruption of the legal system in Panama, it is in the interest of the US authorities to be diligent in continuing to remain alert to the IRS investigation and in being sure to take whatever actions are necessary to obtain the millions owed to the authorities.<\/p>\n

The question is whether the investigation will find a conspiracy to injure the United States, potentially giving the IRS a basis to collect a sizable amount of funds owed. In this manner, the United States may rightfully solicit significant revenue and at least achieve justice at some level.<\/p>\n

Grabbing for Hacienda Santa Monica Property
\n<\/strong>
\nIn 2005, a year before his death, Wilson Lucom signed a purchase agreement with a company owned by Americans called Grand Panama International Ltd (GPI), in which both parties agreed that GPI would purchase all of the shares of Hacienda Santa Monica. This agreement has not been honored due to the continued contention over who owns the estate and who possesses the authority to complete the sale.<\/p>\n

This legal knot ultimately prevents the sale that would provide funds required for Lucom\u2019s charitable foundation. If GPI\u2019s deal were to be completed, Panama would be one significant step closer to alleviating the charitable needs of Panamanian impoverished children.<\/p>\n

The deal with the GPI development company was halted in part because of yet another fraudulent incident. According to the principals in GPI, after Lucom\u2019s death, his property valued at US$145,000,000 was purchased in 2012. However, the property was reappraised for this purchase at only US$14 million rather than the US$145 million at which it was previously valued. The property, however, has remained undeveloped under this ownership because of continued legal sparring.<\/p>\n

Although the estate, since the fraudulent purchase, has delivered some sports equipment and school supplies to local schoolchildren, these donations confer only a small fraction of the impact that would be made by consistent meals that Lucom planned to provide via the foundation.<\/p>\n

Corrupt Politics Prevent Economic Development
\n<\/strong>
\nAgain, according to the principals of GPI, former Panamanian President Martinelli, who departed office in 2014 as an outbreak of corruption allegations began, acquired a portion of the Hacienda Santa Monica property through these dubious dealings. This type of maneuvering was typical of the chicanery that took place during Martinelli\u2019s time in office. In 2012, the then-president appointed Alejandro Moncada Luna, whose corruption and sentencing COHA recently discussed, to Panama\u2019s Supreme Court.<\/p>\n

Moncada Luna\u2019s first action in the Supreme Court was to ignore a Panamanian law that required Lucom\u2019s case to be reviewed by all of the court\u2019s sitting justices. By removing Lucom\u2019s will from the Supreme Court docket and transferring the case back to the lower level Probate Court, Moncada Luna made the property accessible for purchase at as little as ten cents on the dollar. As GPI claims, Martinelli then received ownership of part of the property from the buyer, with whom he had a political arrangement.<\/p>\n

Not only would the agreed-upon sale to GPI have had the potential to allow funds to filter into the Lucom Foundation for use by impoverished children, but GPI\u2019s plans to develop the property into a waterfront resort community would have allowed some economic and recreational development to take place in the area. The plans include golf courses, yachting marinas and boating facilities, retail space, casinos, spas, and other vacation-oriented destinations, as well as areas for both luxury housing and residences accessible for working-class families in the area.<\/p>\n

If the company had been allowed to complete the purchase and initiate construction as originally planned, by now the property may have been fully developed, bringing significant cash flow to the region. However, existing residents of the area do not necessarily need the development. Eric Jackson, a highly regarded independent journalist, is amongst skeptics of such development projects as they often generate money laundering rather than true economic benefits to locals.<\/p>\n

Ultimately, corruption has cheated the company out of an agreed-upon deal. On July 20, GPI filed a formal complaint in Panama regarding the losses the development company has accrued because its ill-timed purchase agreement has not been honored. GPI has claimed damages in the amount of $600 million in lost profits. This complaint is important in the mission of keeping Panamanian courts\u2019 attention on the issue of Hacienda Santa Monica shareholders\u2019 illicit dealings.<\/p>\n

The FBI Gets Involved
\n<\/strong>
\nSeveral months ago, a private investigator turned in a case file to the FBI with information on the individuals\u2019 fraudulent activities relating to Lucom\u2019s will and estate. COHA has been told by the private investigator that the FBI now has opened an investigation that may look into fraud, conspiracy, money laundering, and with this case\u2019s standing relationship with the matter of fraud and attendant US taxes, it could fit well with the FBI\u2019s current interest in multi-jurisdictional cases. Investigators will likely initially approach the case by looking at public corruption in Panama, and then by investigating individuals thought to be involved.<\/p>\n

Among the topics included in the case that demonstrate the illicit and disingenuous nature of Hacienda Santa Monica shareholders and others, is a bundle of human rights abuses that are being leveled against Richard Lehman — the original executor to Lucom\u2019s will and the lawyer who is attempting to return the estate to its rightful beneficiaries, the country\u2019s poor children.<\/p>\n

Initially, the Probate Court suspended Lehman\u2019s ability to use the funds in Lucom\u2019s accounts in order to defend the will in court; this represented an illegal suspension of executors\u2019 rights, forcing Lehman to use more of his own funds to defend the integrity of the will. After he refused a bribe to abandon the chase for justice for the inheritance funds, Hilda Piza\u2019s attorneys absurdly accused Lehman of murdering Lucom, as well as portraying him as intending to steal proceeds from the liquidation of the estate for his own personal use.<\/p>\n

All of these far-fetched charges were overturned by the Panama courts, but managed to motivate officials to falsely arrest Lehman and remove him from an airplane to place him in an airport jail cell on two occasions. The abuse of Lehman did not stop in Panama. According to an affidavit filed by a principal in GPI in the Florida courts, one of Piza\u2019s lawyers confirmed that fraudulent Panamanian orders were filed in the Florida Court system in order to discredit Lehman and stop him from continuing to defend Lucom\u2019s will. His fears of crossing Panama\u2019s borders due to these types of persecution indicates both the extent of the shareholders\u2019 willingness to defend their stake in the estate radically and the need for in-depth investigation into the role of the individuals involved.<\/p>\n

If the FBI investigation advances in a timely manner and finds information that the bureau deems useful, many of those who have been involved in appropriating property and funds from Lucom\u2019s estate may be prosecuted and their assets frozen. This FBI involvement appears similar to the IRS investigation into tax fraud, in that it may be important in bringing justice against the powerful individuals in Panama who were complicit in appropriating assets from Lucom\u2019s foundation, preventing Grand Panama International Ltd from building its planned city, and harassing Lehman with maltreatment and false accusations.<\/p>\n

Given the fact that the FBI investigation has only recently begun, those looking to the FBI for rescue from the sharks pursuing the Lucom fortune may be overestimating the ability of the federal agency to quickly come to their rescue. The investigation is one addition to the mounting explorations into Panamanian corruption.<\/p>\n

Implications for Justice and Panama
\n<\/strong>
\nHilda\u2019s son, Gilberto, has argued that \u201cfifty million dollars isn\u2019t going to solve poverty in Panama.\u201d Such an argument is irrelevant to the question of legal accountability. Whether or not the Wilson C. Lucom Foundation would actually improve Panama\u2019s poverty in the way that Lucom envisioned (and non-profit leaders argue that it would indeed significantly help the situation) does not affect the fact that Wilson assigned these assets to the fund in a fully legal document. It is absurd to assume that this legal document should not be followed simply because some affected parties, including Gilberto as represented by his self-interested statement, do not agree that the funds will be effective in achieving Lucom\u2019s intentions.<\/p>\n

The injustices and discrepancies that have riddled Lucom\u2019s estate and the intended beneficiaries, as well as impoverished children in Panama, may be righted. In order for some of the perpetrators to be condemned, for the planned city to be built or its company to be repaid for losses, and in order for Panamanian children to receive basic food allotments to alleviate their persistent desperation, the pathways that seek justice must be supported.<\/p>\n

These mechanisms include Panama\u2019s federal prosecutors\u2019 office and the courts honoring Mario Chizmar\u2019s complaint by seizing Hacienda Santa Monica\u2019s shares and questioning the shareholders, honoring the complaint by GPI against perpetrators of the appropriation of the property, and the IRS and FBI investigations acting swiftly to address all of the possibly relevant corrupt individuals.<\/p>\n

Each plausible solution in some way requires a shift in Panamanian legal accountability. Many hope that the country\u2019s new president, Juan Varela, will demand such accountability from legal institutions and live up to his campaign theme of anti-corruption.<\/p>\n

Some steps have been taken to begin an advance against corrupt figures, such as the recent sentencing of former Supreme Court Justice Moncada Luna and the flight from the country of former President Martinelli. However, it is possible that more radical actions must be taken, such as constitutional changes to shift the structures that have allowed former President Martinelli, a number of senior juridical officials, and other elite individuals to horde control over wealth, including the Lucom fortune. Such actions cannot be tolerated in any society that claims to be constitutionally based.<\/p>\n

Further prosecutions and continued pressure on Panama\u2019s current legal system will be important in resolving the Lucom case and in determining whether the country\u2019s institutions will open to a new wave of testing its legality and honestly.<\/p>\n

The Council on Hemispheric Affairs, founded in 1975, is an independent, non-profit, non-partisan, tax-exempt research and information organization. It has been described on the Senate floor as being “one of the nation’s most respected bodies of scholars and policy makers.” For more information, visit <\/em>www.coha.org<\/em><\/span><\/a> or email <\/em>coha@coha.org<\/em><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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