McClatchy releases some U.S. names from Panama Papers [View all]

[suffragette]

The passports of at least 200 Americans show up in this week’s massive leak of secret data on secretive offshore shell companies.

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Mossack Fonseca is a leading global player in the incorporation of offshore companies across the globe. It was the subject of the largest-ever financial breach, and 11.5 million of its documents are the subject of a collaborative analysis by McClatchy and about 350 journalists under the umbrella of the International Consortium of Investigative Journalists. McClatchy was the only U.S. newspaper company involved.

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Determining a precise number of Americans in the data is difficult. There are at least 200 scanned individual U.S. passports. Some appear to be American retirees purchasing real estate in places like Costa Rica and Panama. Also in the database, about 3,500 shareholders of offshore companies who list U.S. addresses. And almost 3,100 companies are tied to offshore professionals based in Miami, New York, and other parts of the United States.

Further complicating matters, some U.S. citizens enjoy dual citizenship and open accounts under foreign passports. Others appeared to be American retirees purchasing real estate in places like Costa Rica and Panama.

Among the cases McClatchy and its partners found:

Read more here: http://www.mcclatchydc.com/news/nation-world/national/article69943337.html#storylink=cpy