Virzi and family face $25 million scam charge

A FORMER VICE-PRESIDENT and a group of relatives and business associates  will be called on Tuesday, September 27 to  court   in  Veraguas to set a hearing  into  a case  of alleged falsification of documents involving over  $25 million.

Alongside ex-VP Felipe “Pipo” Virzi   will be Rodrigo Spiegel and Ofelia Mercedes Mendez for the alleged offenses of falsification of documents and fraud to the detriment Edy Corporation, SA

Rodrigo Spiegel is the husband of Elvira Virzi, daughter of Felipe Virzi.

Also charged is   Maria de Los Angeles Pittí, accused of falsifying a public document of the Edy  Corporation to change the existing board and naming  his daughter Elvira Virzi, ex-treasurer of the defunct Universal Bank and  his son-in-law  Spiegel as directors, and  granting general powers with the supposed aim to get  a property valued at over  $25 million, in the province of Chiriqui.

The action was done to the detriment of the majority shareholder, who was in total ignorance of the move and at no time authorized the change to the board, and the powers granted to the Virzi’s daughter and her husband,, says research.

In August, Judge, Edith Guizado authorized a two month’s extension for the prosecutor’s office to continue with the investigations into the alleged crime.

The investigation period expires October 4, which then proceeds to the indictment and the respective trial, according to Adversarial procedures