Massive Tax Haven Document Leak Exposes Corruption and Crime on Global Scale
HAARETZ
A trove of files obtained by German journalists reveals how a global industry of law firms and large banks sell financial secrecy services to politicians, crooks and drug dealers as well as billionaires, celebrities and sports stars.
Uri Blau and Daniel Dolev Apr 03, 2016 9:00 PM
A massive leak of millions of documents has revealed that heads of state, criminals and celebrities conduct and sometimes conceal their business activities in tax havens. The leak exposes holdings in shadowy companies that are owned by 11 past and present heads of state, and reveals how partners of Russian President Vladimir Putin clandestinely transferred no less than $2 billion through banks and companies registered in tax shelters.
World Leaders Hid Wealth Via Shell Companies, Report Alleges
BLOOMBERG
Files said to be from Panama law firm creating shell firms
Leaked
files from a Panama law firm that creates shell companies show that
politicians, criminals and celebrities worldwide have used banks and
shadow companies to hide their finances, according to a series of reports by the International Consortium of Investigative Journalists.How secret offshore money helps fuel Miami’s luxury real-estate boom
Miami Herald
April 3, 2016 10:00 AM
People linked to wrongdoing abroad are buying condos in South Florida
The buyers turned up in a massive leak of secret files from offshore companies
Flood of foreign cash helps crowd locals out of hot housing market
The buyers turned up in a massive leak of secret files from offshore companies
Flood of foreign cash helps crowd locals out of hot housing market
Offshore corporations have one main purpose - to create anonymity.
Recently leaked documents reveal that some of these shell companies,
cloaked in secrecy, provide cover for dictators, politicians and tax
evaders.
Sohail Al-Jamea and Ali Rizvi
McClatchy
At the end of 2011, a company called Isaias 21 Property paid nearly $3 million — in cash — for an oceanfront Bal Harbour condo.
But it wasn’t clear who really owned the three-bedroom unit at the newly built St. Regis, an ultra-luxury high-rise that pampers residents with 24-hour room service and a private butler.
In public records, Isaias 21 listed its headquarters as a Miami Beach law office and its manager as Mateus 5 International Holding, an offshore company registered in the British Virgins Islands, where company owners don’t have to reveal their names.
There the trail ran cold.
Until now.
That’s because the Miami Herald, in association with the International Consortium of Investigative Journalists, has obtained a massive trove of confidential files from inside a secretive Panamanian law firm called Mossack Fonseca.
But it wasn’t clear who really owned the three-bedroom unit at the newly built St. Regis, an ultra-luxury high-rise that pampers residents with 24-hour room service and a private butler.
In public records, Isaias 21 listed its headquarters as a Miami Beach law office and its manager as Mateus 5 International Holding, an offshore company registered in the British Virgins Islands, where company owners don’t have to reveal their names.
There the trail ran cold.
Until now.
That’s because the Miami Herald, in association with the International Consortium of Investigative Journalists, has obtained a massive trove of confidential files from inside a secretive Panamanian law firm called Mossack Fonseca.
Here are the famous politicos in ‘the Wikileaks of the mega-rich’
It’s being called the “Panama Papers” — a trove of 11.5 million leaked internal documents from the Panamanian law firm Mossack Fonseca, showing how hundreds of thousands of people with money to hide used anonymous shell corporations across the world. Fusion’s investigative unit was one of the more than 100 media organizations that dove into the files — and found drug dealers, arms traders, human traffickers, fraudsters. We also found no shortage of politicians or their family members.
Panama law firm safeguards murky offshore secrets
The News and Observer APRIL 3
Mossack Fonseca churns out corporations on tropical isles
Its roster of clients includes those on the run
It’s drawn attention of investigators in Brazil, Germany
Its roster of clients includes those on the run
It’s drawn attention of investigators in Brazil, Germany
Mossack Fonseca had a problem in Vegas.
The Panama-headquartered law firm that helps set up hard-to-trace corporate structures for clients worldwide had created 123 companies in Nevada. And prosecutors in Argentina claimed those companies had been used by a crony of Argentina’s former president to steal $65 million from government contracts.
www.icij.org/
Largest Leak Ever: Whistleblower Reveals Global Elite Crime Network
INFOWARS
Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world.
These shell firms enable their owners to cover up their business dealings, no matter how shady.
In the months that followed, the number of documents continued to grow far beyond the original leak. Ultimately, SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with. The source wanted neither financial compensation nor anything else in return, apart from a few security measures.
The Panama-headquartered law firm that helps set up hard-to-trace corporate structures for clients worldwide had created 123 companies in Nevada. And prosecutors in Argentina claimed those companies had been used by a crony of Argentina’s former president to steal $65 million from government contracts.
www.icij.org/
Largest Leak Ever: Whistleblower Reveals Global Elite Crime Network
INFOWARS
The Panama Papers: 2.6 TB of leaked data
April 3, 2016Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world.
These shell firms enable their owners to cover up their business dealings, no matter how shady.
In the months that followed, the number of documents continued to grow far beyond the original leak. Ultimately, SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with. The source wanted neither financial compensation nor anything else in return, apart from a few security measures.
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