Panamanian
authorities estimate that in Panama alone DMG Director David Murcia has
US$3.5 million worth of cash and assets, which he acquired through his
pyramid scheme.
William Parodi, an expert in financial crime from the Panamanian Prosecutor General’s Office said that authorities began to evaluate Murcia’s assests confiscated after his arrest because they hoped to provide compensation to the 779 victims of Murcia’s scheme in Panama.
Among the goods
seized from Murcia are ten luxury cars, two apartments, a yacht
and three motorcycles, plus US$1.3 million deposited in a local bank.
Parodi said that Murcia’s assets would probably be sold “as soon as possible” and the money from the sales distributed to the victims of the investment scam by the court.
The official added that more of Murcia’s assets are still being tracked and uncovered.
Murcia lived in Panama before he was arrested in November 2008 and extradited to Colombia. He is on trial in Colombia for allegedly leading a pyramid scheme and laundering money for drug lords.
Murcia faces
charges in Panama for money laundering associated with drug trafficking
and illegal collection of money.
