Panamanian authorities have dismantled a sophisticated financial fraud ring that caused nearly $800,000 in losses to the state-owned Caja de Ahorros savings bank. The Metropolitan Prosecutor’s Office executed Operation “Total Fraud” this Tuesday, resulting in the apprehension of five individuals across simultaneous raids in Panama and San Miguelito districts. Among those captured was a social media influencer known as “Barto Flow,” host of the urban podcast “Flow La Musica,” who allegedly profited more than $30,000 from the criminal network.
Investigators uncovered a scheme where suspects submitted falsified property appraisal reports to secure an illegitimate mortgage loan amounting to $786,171.98. During one raid, law enforcement discovered and confiscated a firearm loaded with fifteen rounds of ammunition, adding weapons charges to the ongoing financial crimes investigation. The evidence collected during the operations will undergo thorough analysis as part of the judicial process.
Investigation Reveals Document Manipulation for Illegal Bank Funds
Major Aramis Hassan of the Judicial Investigation Directorate (DIJ) provided crucial context about the case’s origins. He confirmed that the investigation began in 2022 after the bank itself detected irregularities. “The investigation emerges following an internal audit conducted by the banking entity, which then filed a complaint with the Public Ministry, and from there the investigations began,” Hassan stated during a press briefing. [Translated from Spanish]
Seven prosecutors oversaw the operation conducted with support from agents of the DIJ branch of the National Police of Panama. This coordinated deployment ensured proper evidence collection and the successful capture of all suspected participants. The prosecutor’s office indicated that the detained individuals are under investigation for alleged financial crimes and money laundering, specifically for manipulating documentation to illegally access bank funds.
The investigation emerges following an internal audit conducted by the banking entity, which then filed a complaint with the Public Ministry, and from there the investigations began.
Regarding the professional backgrounds of those apprehended, Major Hassan revealed they held “particular professions” but declined to provide specific identification details. This case represents another significant financial crime investigation for Panamanian authorities, occurring alongside other major operations como parte of broader efforts to combat organized crime networks targeting financial institutions.
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Social Media Influencer Among Primary Beneficiaries of Fraud Network
The involvement of “Barto Flow” highlights the expanding intersection between social media influence and financial crime in Panama. His popular podcast “Flow La Musica” covers urban music and culture, providing him with a platform and public recognition that now faces serious legal challenges. Investigators determined he received financial benefits exceeding $30,000 through his participation in the criminal organization.
Operation “Total Fraud” demonstrates the continued focus of Panamanian authorities on complex financial crimes that undermine the country’s banking system. The case has drawn significant public attention both for the substantial financial loss and the involvement of a recognizable media personality. Authorities continue analyzing evidence seized during the raids while building their case against all five detained suspects.
Panama’s judicial system now prepares for the legal proceedings that will determine the ultimate fate of those accused in this elaborate scheme. The case underscores the importance of internal banking controls and the ongoing collaboration between financial institutions and law enforcement to identify and prosecute sophisticated fraud attempts.
