U.S. Investor Claims Swindle with Ex-President’s Land

Sigmund Andrew Eisenschenk, a U.S. investor, filed a criminal complaint with the Public Ministry against the Cano family yesterday for allegedly swindling him on a piece of property in Pedasi belonging to former president Mireya Moscoso.

The Canos, representing a non-existent company called Maria Chiquita, reportedly accepted over $1 million from Eisenschenk for a property that belonged not to them but to Pacific Sands, S.A., whose officers include the ex-president, Mirna Pitti and Marixenia Moscoso.

Moscoso’s lawyer, Alejandro Perez, said he didn’t know anything about the complaint but that it might have something to do with a 35-acre parcel of beachfront land in Pedasi that Moscoso has for sale.  He added that his client signed a promissory purchase contract for the land with one of the defendants, but not for the amount Eisenschenk specified, La Prensa reports.

In somewhat related news, QTM Ventures, an options trading firm,  filed a $10 million suit against a man by the name of Sigmund A. Eisenschenk, Resource Equities, LLC. and Thunder Bay Enterprises, LLC. in 2008.

The suit claimed that Resource Equities hid two traders’ misuse of funds and used QTM accounts to cover trading losses in other accounts. Resource CFO Edmund Fahey allegedly reported that QTM’s account contained more than $10 million though it was empty because of losses by defendant traders Sigmund Eisenschenk and Gregg Rzepczynski.  QTM also sued Thunder Bay Enterprises, which allegedly was controlled by Eisenschenk, “a would-be movie producer, stock investor, and venture capitalist.”

Incidentally, a Sigmund Eisenschenk is listed as a co-producer of Butch Camp, a movie set in Chicago about a sweet-natured but shy gay man who, dumped by his boyfriend, joins Butch Camp, a training facility run by a manic dominatrix.

It has not been confirmed that all three Eisenschenks are the same Eisenschenk.