Back in May 2012 I wrote a piece on the carpetbaggers who come to Panama and exploit others. One of the characters in the discussion was a man locally known as Roy Knight. Until then I am going to discuss only the criminal charges for fraud discussed in May because I have the documents. This is a fast simple, to the point update. If any of the other people who told me they have legal issues with Roy want to provide court documents, I will share them also.
In this case Roy was personally charged with the crime of fraud. The charges are criminal and were instigated by another expat who alleged Roy, personally, sold him land that Roy did not own. The public court record in this incident alleges Roy sold the land, that money was deposited into a bank account in Panama to his benefit and that he never delivered the land and in fact was never an owner of the land sold.
This allegation made it through a prosecutor and to a judge in the local equivalent of a preliminary hearing. The trial which could have ended up with Roy either acquitted or jailed was scheduled for last week.
Just prior to the trial Roy made an offer of financial restitution which was accepted by the complainant and under the laws of Panama the criminal charges were dropped.
Roy was neither convicted, nor acquitted, but paid sufficient restitution to resolve the matter.
Panama is a Mecca for white collar crime. To those who do any business in Panama do not deal on a handshake; have your own lawyer and good contracts. Contracts and actions do matter here, but only if it is in writing. In this case the legal system worked to the satisfaction of the plaintiff but it is always best to avoid court in any country.
If choose to do business with Roy, that is your decision. If you discover you need to contact the lawyer who successfully forced him to pay this time, he is Julio Espinosa Brown.
Julio Espinosa Brown , firstname.lastname@example.org