Pearlasia Gamboa is a Filipino American business woman involved in controversial banking, investment, and financial transactions, including bank fraud, securities fraud, and passport fraud. From 1991 to 2011, Gamboa and her husband, David Korem, received international press coverage for numerous fraud and crime schemes, including "Pearl Asian Mining", "BankAsia AG", "International Monetary Reserve", "Dominion of Melchizedek", and others. Their activities were summarized in the media as being "an astonishing series of worldwide swindles." In 2011, the Nigerian magazine, EagleEnStyle. listed Elvira Gamboa as one of the "World's Most Notable Fraudsters" and as using hundreds of aliases.
In August 2010, federal prosecutors for the United States Securities and Exchange Commission successfully prosecuted Elvira Gamboa in a civil securities fraud action involving her Pearl Asian Mining in San Mateo County, CA. The federal judge in San Francisco ordered a lifetime ban on her selling securities or operating as Pearl Asian Mining. At the same time, David Korem was arrested by the FBI in Santa Clara County, CA for securities fraud involving Pearl Asian Mining.