Posted on 10/03/2021 3:49:13 PM PDT by ransomnote
Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, more than 330 politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists and murderers.
The secret documents expose offshore dealings of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the prime minister of the Czech Republic and former British Prime Minister Tony Blair. The files also detail financial activities of Russian President Vladimir Putin’s “unofficial minister of propaganda” and more than 130 billionaires from Russia, the United States, Turkey and other nations.
The leaked records reveal that many of the power players who could help bring an end to the offshore system instead benefit from it – stashing assets in covert companies and trusts while their governments do little to slow a global stream of illicit money that enriches criminals and impoverishes nations.
Among the hidden treasures revealed in the documents:
The secret records are known as the Pandora Papers.
The International Consortium of Investigative Journalists obtained the trove of more than 11.9 million confidential files and led a team of more than 600 journalists from 150 news outlets that spent two years sifting through them, tracking down hard-to-find sources and digging into court records and other public documents from dozens of countries.
The leaked records come from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients often seeking to keep their financial activities in the shadows. The records include information about the dealings of nearly three times as many current and former country leaders as any previous leak of documents from offshore havens.
In an era of widening authoritarianism and inequality, the Pandora Papers investigation provides an unequaled perspective on how money and power operate in the 21st century – and how the rule of law has been bent and broken around the world by a system of financial secrecy enabled by the U.S. and other wealthy nations.
The findings by ICIJ and its media partners spotlight how deeply secretive finance has infiltrated global politics – and offer insights into why governments and global organizations have made little headway in ending offshore financial abuses.
An ICIJ analysis of the secret documents identified 956 companies in offshore havens tied to 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others. More than two-thirds of those companies were set up in the British Virgin Islands, a jurisdiction long known as a key cog in the offshore system.
At least $11.3 trillion is held “offshore,” according to a 2020 study by the Paris-based Organization for Economic Cooperation and Development. Because of the complexity and secrecy of the offshore system, it’s not possible to know how much of that wealth is tied to tax evasion and other crimes and how much of it involves funds that come from legitimate sources and have been reported to proper authorities.
SNIP
The document shows that the firm – also known as Alcogal – set up at least 312 companies in the British Virgin Islands for clients of the American financial services giant Morgan Stanley.
A Morgan Stanley spokesperson said: “We do not create offshore companies. . . . This process is independent of the firm and at the discretion and direction of the client.”
The Pandora Papers investigation also highlights how Baker McKenzie, the largest law firm in the U.S., helped create the modern offshore system and continues to be a mainstay of this shadow economy.
Baker McKenzie and its global affiliates have used their lobbying and legislation-drafting know-how to shape financial laws around the world. They have also profited from work done for people tied to fraud and corruption, reporting by ICIJ has found.
MUCH MORE AT LINK (MANY RELATED ARTICLES RELEASED TODAY)
Wonder if Oprah is there as well? She might be fairly small fry compared to some of the others.
Exposed Putin as having an affair
Well, color me shocked at that revelation. I never would have suspected.
~~~~~~~~~~~
They have separate caches of released offshore accounts and it seems it's just the tip of the iceberg. Oprah's gotta be in there somewhere - but it's so crowded....
The Panama Papers: Exposing the Rogue Offshore Finance Industry - ICIJ
A giant leak of more than 11.5 million financial and legal records exposes a system that enables crime, corruption and wrongdoing, hidden by secretive offshore companies.
Paradise Papers: Secrets of the Global Elite - ICIJ
A major global collaboration reveals secrets from one of the world’s most prestigious offshore law firms, a specialized trust company and 19 company registries in secrecy jurisdictions.
i wonder if is it just a coincidence that this stuff is coming out just in time for the trump income tax trial
Everything mentioned above is small potatoes for people at this level.
Oligarchs note: There are always going to be leaks, both cyber attacks and inside jobs. So, keep your info private... never write anything down, never use computers. Now... how the hell are you going to “make” your money? Not so convenient now, is it?
| In the General/Chat forum, on a thread titled Q ~ Trust Trump's Plan ~ 10/01/21 Vol.373, Q Day 1435, little jeremiah wrote: |
Interesting factoid (no source at the moment) about the ICIJ who apparently put together the Pandora Papers. The ICIJ is funded by George Soros’ Open Society foundation, would be interesting to delve into these other donors. So...seems any info needs to be double checked. Soros trying to get rid of rivals? https://www.icij.org/about/our-supporters/ Our Supporters But cross-border investigative journalism is among the most expensive and riskiest in the world. We rely heavily on charitable foundations and on financial support from the public. Without your help, we cannot exist. We welcome individual donations in support of our work. You can make a gift online here. Any help, no matter how small, is most welcome. We are incredibly grateful to our supporters who make this work possible. The following list (current as of June 2021) includes institutional and major individual donors who provided support in 2019-2021: Adessium Foundation |
How much is Trueshit worth?
They might as well enjoy it now because once they are dead, I am sure precious few of them will be enjoying much of anything.
Meanwhile, us nobody, deplorable, contemptible Christians will be all set in ways they could never have dreamed of.
The story of the rich man and Lazarus comes to mind.
I’ve watched a wealthy Christian mentor give privately in a way that would surprise most. He is 83, started from scratch, still works, still gives, and has been an amazing role model.
His net worth places him in the top .01% of the world.
He fully credits the blessing of God on what he has.
If the Bummers name is not on there, it’s not true.
Some people can handle the financial blessings.
Most cannot.
God bless him.
Target acquired. Lock and load.
Dibs
40 acres and a Tesla.
https://www.zerohedge.com/political/man-asks-california-reparations-task-force-40-acres-tesla
I claim mine in Tokyo
“Everything mentioned above is small potatoes for people at this level.”
indeed ... chump change amounts for multi-billionaires ... plus one would expect multi-billionaires to own multi-million dollar houses and have bank accounts all over the world ...
bums!
And not one big wig will suffer from this illegal crap.
Bet they didn’t expose ‘the big guy’ Biden and his drug addicted whore-mongering worthless sell-out son...
This is interesting for the people left off...
Odd Putin was mentioned at all... someone worked on inserting his name without really condemning him for anything...
I’d like to see the list of Jeffery Epstein’s clients - well, beyond Bill Gates, the Clintons, half the democrat DC ‘elites’ and ‘journalists’ other than George Stephanopoulos...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.