Massive Leak of Offshore Account Holdings for Many of the World's Richest, titled "Panama Papers"

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  • [h1]Worldwide, jaws drop to 'Panama Papers' leak[/h1]
     Greg Toppo, USATODAY 7:15 p.m. EDT April 3, 2016

  • Sunday’s jaw-dropping “Panama papers” leak, which shows a global network of offshore companies helping the wealthy hide their assets, is already being called “the Wikileaks of the mega-rich."

    The hashtag #panamapapers  topped Twitter on Sunday afternoon. Among those reacting through tweets: Edward Snowden, the 2013 CIA leaker, who said the “Biggest leak in the history of data journalism just went live, and it's about corruption.”

    In Russia, President Vladimir Putin’s spokesman, Dmitry Peskov, told reporters that the Kremlin had already received “a series of questions in a rude manner” from an organization that he said was trying to smear Putin.

    “Journalists and members of other organizations have been actively trying to discredit Putin and this country’s leadership,” Peskov said.

    The Washington, D.C.-based International Consortium of Investigative Journalism(ICIJ) said the trove of 11.5 million records details the offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars. The data span nearly 40 years, from 1977 through the end of 2015, ICIJ said, allowing “a never-before-seen view inside the offshore world — providing a day-to-day, decade-by-decade look at how dark money flows through the global financial system, breeding crime and stripping national treasuries of tax revenues.”

    Jim Clarken, the CEO of Oxfam Ireland, tweeted: "As long as tax dodging continues to drain government coffers, there is a human cost."

    Iceland’s prime minister, one of several major politicians with alleged links to secret “shell” companies, was expected to face calls for a snap election, Britain’s Guardian  reported.

    For a few moments, it actually looked as if Prime Minister Sigmundur Gunnlaugssonhad resigned outright. The confusion happened when Gunnlaugsson’s predecessor called on him to step down — Google translated the Icelandic “must resign” as "will immediately resign."

    The leaked records show that Gunnlaugsson co-owned a company set up in 2007 on the Caribbean island of Tortola, in the British Virgin Islands, to hold investments with his wealthy partner, Anna Pálsdóttir, whom he later married.

    Gunnlaugsson on Sunday walked out of an interview with Swedish TV broadcaster SVT, saying, “What are you trying to make up here? This is totally inappropriate,” The Guardian  reported.

  • http://www.usatoday.com/story/news/2016/04/03/reactions-panama-papers-leak-go-global/82589874/

  • ==

  • http://www.independent.co.uk/news/m...ich-and-powerful-have-hid-money-a6966921.html


  • https://panamapapers.icij.org
 
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I hope people go down for this. Rich people, who have screwed us all over. I don't care if it makes their life hard - they can sell it all and get a job like the rest of us.
 
Valid point that I've seen being brought up is that the leak at this moment doesn't seem to have much mention of Western perpetrators.

Is it because the leak is through Western media and they are protecting Western interests
 
I hope people go down for this. Rich people, who have screwed us all over. I don't care if it makes their life hard - they can sell it all and get a job like the rest of us.

i sometimes wonder...........


if we were 1%rs


would you do it?
 
i sometimes wonder...........


if we were 1%rs


would you do it?


Interesting. Many say that they would be different, but I doubt it. They'd be too consumed by greed and trying to have "enough" for their future kin.
 
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Any big names getting thrown out there yet? 
Putin's the biggest so far
The ICIJ findings include evidence that:
  • Associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies
  • Icelandic Prime Minister Sigmundur David Gunnlaugsson and his wife secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during the country's financial crisis     
  • Offshore companies controlled by the Prime Minister of Pakistan, the King of Saudi Arabia and the children of the President of Azerbaijan
  • Offshore companies linked to the family of China's top leader, Xi Jinping, as well as Ukrainian President Petro Poroshenko, who has positioned himself as a reformer in a country shaken by corruption scandals
  • 29 billionaires featured in Forbes Magazine's list of the world's 500 richest people
  • 33 people and companies blacklisted by the US Government because of evidence that they have done business with Mexican drug lords, terrorist organisations like Hezbollah or rogue nations like North Korea
  • New details of offshore dealings by the late father of British Prime Minister David Cameron, a leader in the push for tax-haven reform
  • Customers including Ponzi schemers, drug kingpins, tax evaders and at least one jailed sex offender
  • Movie star Jackie Chan, who had at least six companies managed through the law firm   
http://www.abc.net.au/news/2016-04-...ore-financial-records-exposes-secrets/7293524
 
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Jackie Chan though? 
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Did not expect him of all celebs.
 
Cats getting money out here. They don't want no one to screw it up.
 
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When taxes are high...what u think, da rich not gonna find way to protect their money?

Color me unsurprised.

What i would love to find is hypocrisy in folks advocating higher taxes & dodgin them on da low :lol:
 
Can't wait to see what US names get listed, this stuff is crazy. Greed is a powerful thing 
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