By Carolina Bolado (August 18, 2022, 6:50 p.m. EDT) — A Panamanian foundation and its director sued a Florida law firm on Thursday, claiming the firm misappropriated $4 million in escrow payments meant to fund a program investment in Panama.
The law firm, which is registered in Florida as Vallarino Fry Law PA but does business in Panama as Bufete Vallarino y Asociados, failed to repay $4,003,860 in payments that Dennis Mickeleit and his Beta Gama Foundation have carried out over the course of two years which were meant to be invested.
But Vallarino Fry failed to meet requirements to send regular reports on the status of the underlying transactions and proof that the funds were still…
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