Impeach Trump Now

[Kid Berwyn]

7. Absolutely. And does anyone even mention offshore wealth, anymore?

Massive leak exposes how the wealthy and powerful hide their money

12 world leaders maintain offshore entities

Putin’s oldest friends shuffle $2 billion around

Soccer stars, billionaires and friends of powerful named

BY KEVIN G. HALL AND MARISA TAYLOR
Sacramento Bee, April 3, 2016
McClatchy Washington Bureau

WASHINGTON -- A massive leak of documents has blown open a window on the vast, murky world of shell companies, providing an extraordinary look at how the wealthy and powerful conceal their money.

Twelve current and former world leaders maintain offshore shell companies. Close friends of Russian leader Vladimir Putin have funneled as much as $2 billion through banks and offshore companies.

Those exposed in the leak include the prime ministers of Iceland and Pakistan, an alleged bagman for Syrian President Bashar Assad, a close pal of Mexican President Enrique Peña Nieto and companies linked to the family of Chinese President Xi Jinping.

SNIP...

The data breach occurred at a little-known but powerful Panamanian law firm, Mossack Fonseca, which has an office in Las Vegas, a representative in Miami and a presence in more than 35 other places around the world.

The firm is one of the world’s top five creators of shell companies, which can have legitimate business uses, but can also be used to dodge taxes and launder money.

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http://www.sacbee.com/news/nation-world/article69729112.html