The Public Ministry of Panama reported that a court sentenced 10 years in prison to Colombian David Murcia Guzman upon finding him guilty of the crime of “massive and habitual recruitment of financial resources of the public without competent authorization” through a scheme of “illegal pyramids”.
The case dates back to November 17, 2008 when Murcia Guzmán was arrested in Panama and deported to Colombia, where his DMG group was formed, he was later taken to United States where he served a sentence for laundering drug money.
After serving his sentence in the United States, in 2009 he was sentenced to 30 years in prison in Colombia for being “responsible for money laundering and massive and habitual collection of money from the public” in the country.
According to data from the Panamanian authorities, David Murcia Guzmán scammed some 780 people in the country, leaving them with at least 3.5 million dollars in losses. Since 2010 numerous assets from Murcia have been confiscated in Panama to compensate those affected.
The intervention of the Panamanian justice is added to those of the accusing entities of Colombia, Venezuela and Ecuadorwhere there were also branches of the pyramid scam scheme known as “DMG” that would also have sought to establish itself in Peru, Brazil and Mexico.