Mossack Fonseca Has 441 U.S. Clients: Who Are They?

Tyler Durden's picture

As the shock from the initial revelation of leaked Mossack Fonseca files fades away, one recurring question has emerged: why were there no American clients of the firm named (at least not yet)? After all, leaders in Iceland, Russia, Ukraine, Brazil, Australia and many other nations are already facing questions about their use of the Panamanian law firm, and yet nothing about the US?

One hint may have emerged when observing at the funding supporters of the project, among which we find George Soros' heavily financially connected Open Society: 

Recent ICIJ funders include: Adessium Foundation, Open Society Foundations, The Sigrid Rausing Trust, the Fritt Ord Foundation, the Pulitzer Center on Crisis Reporting, The Ford Foundation, The David and Lucile Packard Foundation, Pew Charitable Trusts and Waterloo Foundation.

Clearly, this would imply editorial intervention by the funding sources due to a potential "conflict of interest", although hopefully not as that would undermine the objective nature of this massive journalistic undertaking.

There may be a simpler explanation: as Eoin Higgins points out, the 2010 United States—Panama Trade Promotion Agreement included a taxation clause that effectively shut down any chance of the rich in the US using Panama as a shelter.

The Tax Information Exchange Agreement includes a clause, Article 5, that specifies the terms of information sharing between the two countries on tax related matters:

 

The competent authority of the requested Party shall provide upon request by the competent authority of the requesting Party information for the purposes referred to in Article 1 of this Agreement. Such information shall be exchanged without regard to whether the requested Party needs such information for its own tax purposes or the conduct being investigated would constitute a crime under the laws of the requested Party if it had occurred in the territory of the requested Party.

 

The Article goes on to make clear that Mossack Fonseca’s type of services would particularly be included in the information request.

According to Higgins, "if Panama had ever been an attractive destination for American offshore storage of funds, this agreement shut the door on that possibility."

Perhaps. However that does not explain why according to an interactive map created by Brian Kilmartin which lays out shotgun data (no names) about the number of companies, clients, beneficiaries and shareholders of Mossack Fonseca, there are at least 441 clients, 3,072 companies, 211 beneficiaries and 3,467 U.S.-based shareholders of the Panamanian law firm.

It also does not explain why according to primary data compiled in Fusion's interactive universe, one can find an abundance of US-based nodes in the client/company/shareholder and beneficiary map (highlighted in blue).

 

Indicatively with 441 clients, the US is among the countries with the most clients served by Mossack Fonseca.

So who are these 441 clients, and why has the ICIJ decided not to reveal any of them?

Or perhaps it will all be revealed in due course.

According to a tweet by a tech editor at Germany's Suddeutsche Zeiting - the outlet that received the original leak - there will be more disclosures forthcoming.

 

Still, one can't help but wonder: why not do a Wikileaks type data dump, one which reveals if not all the 2.6 terabytes of data due to security concerns, then at least the identities of these 441 US-based clients.

After all, with the rest of the world has already been extensively shamed, it's only fair to open US books as well.

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jus_lite_reading's picture

Fuck George Soros and all the globalist banksters and elite corrupt politicians!

That is all. Carry on.

knukles's picture

US Power Elite are not there.  Because all those named are of The Establishment.  That Small Group, that Exclusive Group of Which We Are Not A Part.
That Group which Governs merely providing an Illusion of we the people participating
The Group that Taxes Us Without Representation.
It's to shame everybody BUT the US Establishment.  And their financial and power enablers.  So that The Establishment Must Do MOAR to Protect We the People from ...

Do you all realize that these people, alongside the IMF etc., are much worse and much more dangerous than ISIS, et al. 
False Flags of an Economic Nature to Further Enslave the Peasantry

All Hail Caesar

Blythes Master's picture

The sharks eating other sharks.

Soros needs to be guillotined.

Post haste.

Zirpedge's picture

Just like all Wikileaks, this one has recieved ediitng prior to a "limited hang out" release. The real story is missing. 

manofthenorth's picture

MSM is about creating opinions, not spreading ALL available information in an objective and unbiased way.

The fact that Putin's photo is used on nearly EVERY MSM haedline for this "big breaking story" tells me all I need to know.

More BS from the opinion creators that own the US media outlets.

USA leaders are pure and honest, free from the taint of gold lust.

I got some oceanfront in AZ for cheap, any takers ?

jus_lite_reading's picture

Are you implying my gold is 77% tungsten alloy, 10% lead, 11% tin and 1% brass? I bought it directly from the Fed Reserve in Fort Knox. They assured me it was real.

Travis M Sawyer's picture
Travis M Sawyer (not verified) jus_lite_reading Apr 4, 2016 1:50 PM

Did anything happen with the BCCI scandal????

 

http://www.zerohedge.com/article/inside-global-banking-intelligence-comp...

BKbroiler's picture

Hopefully the US gets its own data dump installment so it can truly shine as an example of the transparency and accountability our country represents. My sarc key just broke.

remain calm's picture

Trump is not on the list, because if he was, it would have been already be released by the RNC

WTFRLY's picture

Joo World Order loading ... ... ... 84% (Do you want to execute The Expendable Purge?) Yes?

No

johngaltfla's picture

Please have the Trust Fund Manager for Obama on that list, please, oh please, oh please.

Oh, and Warren Buffett.

Please.

beemasters's picture

"Still, one can't help but wonder: why not do a Wikileaks type data dump"

Answer: They are still negotiating a buy-out price with the US-based companies. Hey, this is not a charity...Soros has to make money.

Then there is the question: Why isn't Mossack Fonseca taking any legal action at all to stop the reveal?

Answer: They are part of the selective disclosure.

HowdyDoody's picture

Are any corrupt elite 'journalists' of any nationality mentioned? I'm sure those financed by the CIA need some means to covertly deal with their payola.

richsob's picture

Sure wish I could buy some life insurance on the partners in that firm.

nmewn's picture

I don't think they've named any Colombian or Mexican heads of cartels.

Yet.

How odd ;-)

Bindar Dundat's picture

As a Canadian, I can make an investment through a off-shore company and as long as I never repatriate the money into Canada there is no tax evasion.  Sorry Yanks, that does not apply to you:-)

The Offshore Alert Conference in Miami April 31-May3 is the place to be in 2016.  All the crooks and chasers are all there.  

nmewn's picture

;-)

I think thats why the commie-libs are all pissed off at the Cameron family, they want GOVERNMENTS everywhere to know who's got what & where at any given time.

I look at it like this, it was earned and taxed ONCE already, what you do with it from that point on is no ones business.

Especially a governments, they already got their taste, once is enough.

WordSmith2013's picture

 

Yes,  Mossack Fonseca Served As The Nexus For An International Organized Crime Ring …
*
http://themillenniumreport.com/2016/04/panama-papers-a-bogus-sting-opera...
* … But where are all the well-known criminals from the Western Criminal Banking Cartel?
nmewn's picture

Ya know, the fun thing of watching people (and governments) hoisting themselves on their own petards, is, well...watching them hoist themselves on their own pertards...lol.

Everyone here knows I'm no fan of St.Pooty BUT it has not escaped my attention "the owned government press" managed to get his name to the front of the line.

Tying Xi into the line up of probable thieves was a bit of a shock tho, still, no Warren "I got My Train Set So No Pipeline For You" Buffet though. No Mark "Put Everything About Yourself On The Internet Without Fear Of Spying" Zuckerberg either.

Well, at least Jon Corzine is behind bars now ;-)

To Hell In A Handbasket's picture

Come on, get with the program of the FEDERAL RESERVE. The criminal cartel of banks that make up 95% of all central banks in the world, don't need off-shore tax-havens, when you don't have to be audited by law. Panama is for small fry compared to the Big Boys. Who's ever heard of any Rothschild being caught up in shit like this?

NoVa's picture

@ Bindar Dundat +1 for the handle

nmewn's picture

"Please have the Trust Fund Manager for Obama on that list, please, oh please, oh please.

Oh, and Warren Buffett."

lol...you already know they won't be.

Neither will Epstein, Zuckerberg, Clintons etal or Soros himself. I mean, he that controls "the lists" controls the narrative, right?

And apparently "the narrative" is Putin, muslim royalty, the jerk from Uzbekistan who enjoys boiling people and fucktards we already knew about, like Brazilians & Argentinians ;-)

xythras's picture
xythras (not verified) WordSmith2013 Apr 4, 2016 2:16 PM

They won't release US clients list because TRUMP is not among them. But one can guess that lots of reptilians from Hollywood and WallStreet might be there.

The Saint's picture
The Saint (not verified) xythras Apr 4, 2016 2:42 PM

Right next to all the hypocritical Democraps.

Muh Raf's picture

And it's fascinating how Israel has been expunged from that "Power Players" list, even though 600 Israeli companies and 800 shareholders have already been fessed up. http://www.timesofisrael.com/600-israeli-companies-850-shareholders-list...

deKevelioc's picture

Ah craps, I'm on the list.

KesselRunin12Parsecs's picture
KesselRunin12Parsecs (not verified) deKevelioc Apr 4, 2016 4:47 PM

What REALLY needs to happen is for francis_sawyer to get kicked off of ZH 22x... So, let's just STOP with all these implications that jews have anything to do with anything bad...

richsob's picture

I agree.  I work with Jews all the time and we have to keep an eye on them......even more than the Gentiles.  But francis_sawyer and some other posters on ZH take their anti-Semitism too far.  I also know some wonderful people who coincidentally are Jewish.  There are shitheads in any group.

ceilidh_trail's picture

francis_sawyer just fooled you. I would be more worried about peoples from a certain peninsula...

what's that smell's picture

"other" posters?....is that a microaggression?....sounds genocidal to me....leave the antisemites alone....do you need a safe space richsob?....and by the way, the jewish do not need your wet kisses.

general ambivalent's picture

The real story is that psyops, world bankers, and their proxies use bitcoin and the deep web as a sort of reverse money laundering scheme for the Fed. All of the black market drug trade, molestation, kidnapping, torture, snuff, etc. is used as a way to make money as well as control the controllable groups.

Think the fiction that we see in the MSM is anything like the truth? No, House Of Cards and Mr Robot are children's bedtime stories compared to what is really happening, just like this latest anti-Russia Wolfblitz in the news. These sick fucks have gone beyond Thatcher using Savile as a way to kidnap children for her cannibalism. They use ISIS to at once engage in proxy wars and develop snuff and toruture films for a partially willing audience. Then, on the homefront, they use these films as a way to hide their activity while also putting on trial their enemies.

This isn't a black market, it is a dark market. The Fed channels this money through bitcoin and back into the government, as that is the only visible economy left. And it must be kept going at all cost. And while they live off of baby blood to extend their lives in the hope of someday becoming an avatar, they funnel even more money back and forth between Apple and Human Experimentation Inc.; just the same as they create fictitious gold by tunneling gold back and forth between the Goldman and Fed basements.

Somewhere in one of those government buildings there is a figure like Gartman flip-flopping between all of the torture porn and drug trade museums to keep people invested in some object of an economy.

Paveway IV's picture

"...Just like all Wikileaks, this one has recieved ediitng prior to a "limited hang out" release. The real story is missing..."

The ICIJ 1) got the data from an anonymous source over a period of time, and 2) built a database and search engine and coordinated cooperation between media outlets. The ICIJ doesn't report anything themselves, they're just the owners and gatekeepers of the data. The 'media' participating in their project are the ones that publish the stories.

Just to be clear, the initial danger isn't so much in what ICIJ chooses to release. That's a real problem of course, but it only comes after considering the implications of 'data clownfuckery' by the unknown source. If the CIA wanted to embarrass certain foreign individuals and 'arranged' the leak, then they have already scrubbed all the data of anything harmful to their (or their masters') interests. They could have also fabricated documents or changed content of existing ones and planted them within the bulk of mostly real data. I mention the CIA, but there's absolutely no reason to believe the UK's MI6 or Israel's Mossad wouldn't do the same thing. Maybe they all cooperated. Maybe none of them did and all the data is authentic. Who knows - Cui bono?

ICIJ adds another layer of uncertainty on top of that, but they're a pretty small organization to comb through terabytes of documents ensuring they're all consistent. You can't remove all traces of people and a bunch of interconnected international corporations without someone investigating someone else noticing the missing supporting documents in the bunch that should be there. If Soros or some other evil fuck wanted the data scrubbed that bad, they would have ensured it was in that state from the source. It would have taken a damn office building of spooks and analysts a few years to clean that much stuff. Hack attempts by the ICIJ to filter some content after the fact would have been noticed by journalists pouring over the data for months on end. Possible, but pretty damn unlikely.

On top of that, here's what ICIJ director Gerald Ryle has to say in Wired:

Ryle says that the media organizations have no plans to release the full dataset, WikiLeaks-style, which he argues would expose the sensitive information of innocent private individuals along with the public figures on which the group’s reporting has focused. “We’re not WikiLeaks. We’re trying to show that journalism can be done responsibly,” Ryle says.

Hey Ryle, WikiLeaks was fucking BORING. Nobody cared, so no innocents where slaughtered or governments fell as a result of its publication. You're not saving anyone here, hero. But a hat-tip for thinking of the innocent 'little people' rich enough to use shady offshore tax shelters. 

The fact that there were not any scathing stories on U.S. persons probably has more to do with the media that chose to (or was selected to) participate in ICIJ's efforts. Does anyone here really think the New York Times or Wall Street Journal would even get involved in something that might smear them or their owners and masters? They hardly have the staffing levels to devote senior journalists to discovering or front-running damaging data. If they offered to dedicate a few junior reporters to the project, the ICIJ probably turned them down. Besides, whatever juicy tidbits U.S. media could have scrounged up would have been completely lost on the dumbed-down readers. They can jump on whatever sticks in the minds of U.S. readers after foreign media does all the heavy lifting. Which will - for the U.S. MSM - basically involve collecting PR-issued denials of wrongdoing and announcement sof some random useless 'investigations' by the government (only to be dropped after a year or so because of lack of solid evidence of a crime). 

But the biggest reason not to sweat the data massage potential here by all parties involved is NOBODY WILL REALLY CARE. Yeah, good for maybe five minutes of outrage in a ZH article, and then absolutely nothing.

All in all, it will be a big nothing sandwich even if it is 100% authentic and complete. Will anyone here REALLY be surprised to discover that a Clinton Foundation's overseas entity got a bazillion dollars from some Saudi prince's Cayman Island corporation? Really? Fucking shocking... not. The U.S. public doesn't care because it's so complicated that it only seems shady but not clearly illegal. If nobody goes to jail, then it wasn't that bad. That seems to be the public's reckoning. Nobody has gone to jail for these leaks, and nobody ever will, save for the couple of hapless minions that might get thrown under the bus.

Enron's Jeffery Skilling will be getting out of prison in three more years for a conviction based on hard evidence presented at trial. What crooked judge is going to send any U.S. big-shot to prison based on these anonymous leaks of data stolen from other lawyers (who probably also act as registered agents for the judge's own overseas tax shelters)?

Laws are only for the little people. It's a fantasy to assume this will have any effect on the rich and powerful. If you were on that list though, you would already be getting anally-raped in federal prison. See how that works?

HowdyDoody's picture

"It would have taken a damn office building of spooks and analysts a few years to clean that much stuff."

NSA? cough, cough.

 

MrBoompi's picture

This Panamanian company is just one of them.  If the IMF says the offshore tax evasion (or even US-based) schemes hide upwards of $32 trillion, rest assured the real number is multiples of that.  

Paveway IV's picture

The funny thing about this supposedly incriminating data is that it's really no longer relevant for global tax evasion today. Offshore corps and tax havens were the tricks of yesteryear.

Foreign drug lords, dictators and wealthy foreign tax evaders NOW prefer to use U.S. trusts for secrecy and tax evasion. Which is a direct result of the U.S. Foreign Account Tax Compliance Act (FATCA) of 2010 designed to nab U.S. tax evaders offshoring their money. That's how the U.S. strong-armed the Swiss into ratting out supposedly 'secret' acount holders and that's why no offshore tax havens are worth a damn today. If the U.S. government can find out who really owns an account by bullying the banks, then there is no such thing as secrecy and offshore corps are increasingly useless.

Swiss banks eventually lost billions in deposits to U.S. trust tax evasion and secrecy schemes. The laws were very carefully crafted before FATCA to create such inpenetrable trusts that are suppose to police themselves for criminal activity or tax evasion by clients. <hyuck!> Corrupt Chinese officials looting the wealth of China and Chinese citizens overwhelmingly look to the U.S. today to hide their theft, not Swiss banks or offshore tax havens. I wouldn't be suprised if this 'leak' was all just a massive scheme to further frighten global tax evaders to move their cash to the U.S. where it (supposedly) is untraceable and untouchable by anyone - including the U.S. government for bail-ins or whatever.

Since Soros is probably behind the Mossack Fonseca leak, one can only assume that he (and his banks and/or financial interests) will be furthered by the movement of dirty cash to the U.S., so I wouldn't believe a word about trusts being safe from bail-ins. Soros banks are precisely the ones that will benefit from the coming bail-ins and they will damn well get them. I figured he would just raid Social Security and 401Ks for that, but I guess his crappy banks will need a hell of a lot more to cover their losses. Thus, the financial exposure false flag encouraging the likes of Chinese officials to move their loot to America.

The trough can never be too full for the likes of Soros.

Urban Redneck's picture

You analysis ignores a few critical points.

We know with greater than 99.9% certainty that all the documents were originally indexed. It is possible that whoever stole data didn't take the index, but that is unlikely. With the index, scrubbing the data of any clients whose anonymity is to be protected is very simple. If what was actually turned over to ICIJ was just a massive collection of PDF/TIFFs completely unindexed, then it raises questions as to why, given the stated aim of the "leaker" to facilitate bringing "criminals" to justice.

FATCA deals with disclosure of FINANCIAL Accounts. Some of the TIEAs have also included disclosure of additional information, but that is not required under FATCA, not that has stopped Treasury from trying to pursue it after assclown who drafted the bill demonstrated they didn't know how international tax evasion and money laundering actually worked.

Moreover, the US is not a tax haven for a US domiciled firms and trusts. The anonymity of Delaware trusts (or any other US subdivision) is joke by international standards. Who the US does make sense as a tax haven for is foreign domiciled firms that have no operations or employees in the US. Hence the perverse cycle of trading US jobs for foreign deposits.

There's a cliche about having one's citizenship in one country, their domicile in another and their money in a third. The same holds true for corporate persons, and is in fact the basis of international financial structuring, hence the US Fortune 500 company, manufacturing in China, and shielding its money in a Dutch sandwich or a double Irish. The ultimate irony being that since US dollars can only exist within the Federal Reserves computer system - all the "trillions" that is supposedly offshored, is ALREADY in the US, it never left, only the legal title did.

It's not just the FRB and its monopoly on actual dollars (ex banknotes), it is also credit money since the financial services industry moved to almost universal electronic custody, clearing and settlement, i.e. electronic registration and central securities depositories.

There isn't any thirty trillion dollars overseas or whatever number people who don't even understand double entry bookkeeping, much less modern finance pull out of their asses. It's already here, and Uncle Sam can't seriously go after it without bringing down the whole house of cards. The hunt for big dollars is an evil charade to mask pilfering the poor.

Paveway IV's picture

Good points, UR. I'll defer to your much better understanding of FATCA, but are you then saying that overseas money is not flowing into U.S. trusts as a result? I was making that assumption based on a ZH article last year. and the current top ZH article about the Rotschild banks delight over the trend. None of this is part of the leaks, I'm merely speculating on motives and timing.

And I understand that the U.S. is not a tax haven for U.S. firms and trusts. The money flow speaks more to the secrecy and security of the cash here because the U.S. - although enthusiastic about enforcing its own tax laws - is known to do very little to help foreign countries recover THEIR evaded taxes. I have to believe there is some reason for Chinese government crooks to prefer a U.S. trust to a Hong Kong or Cayman Island trust. My understanding is hazy at best, so your comments clarifying this are welcome.

I still think the data is just not that big of a deal. There is no accounting data - it's all just creation and maintenance of offshore corps. Anything regarding the ultimate purpose and actual money movement based on this data is all speculation. The corporations were certainly created for some reason, but I'll bet many of them were just placeholders for schemes that never saw the light of day. It's good fodder for investigative journalists to get started, but hardly a smoking gun. At best, some government big shots can be accused of not disclosing the existence of some of these entities. Beyond that, it's anyone's guess how/when they were used - if ever. There will be some resignations, but nobody is going to the gallows based only on the MF data.

Not sure about your comment about the certainty the documents were originally indexed. It seems to be a dump of client files which were presumably in file system folders at each branch office. One of the articles seemed to imply that even email messages were stored as individual files in those folders, along with image scans and text documents. The descriptions lack technical details, so this could be an inaccurate. If this was just a copy of a central server's main and incremental backups of branch office client document files, then I don't see any need for the firm to have maintained a global content index. The branch office business seems (to my reckoning) to be pretty language/locale specific. I make the comment about incremental backups because the initial data was obtained a couple of years ago going back decades, but groups of files were leaked several times to the German newspaper. By their accounts, some of the data is as recent as February of 2016. Based on nothing but a wild-assed guess, I would say the data leak was scraped off of physical backups from a central server, not siphoned off in bulk over an internet connection. 

This was not a collection of reconstructed database tables (like the three separate earlier ICIJ leaks releases in 2013). According to the ICIJ accounts, the bulk of their work (actually, the hundreds of collaborating journalists) on this data was OCR, language translation and content analysis. This was in order for the ICIJ to build THEIR index of content for the project journalists to use. Did Mossack Fonseca (or the CIA) have some kind of separate content database? I suppose it's possible, but I question the utility of the Moscow office being able to do content searches on Chinese language documents from the Hong Kong branch. A global content index is necessary for the ICIJ (or spook agencies screwing with the data), but this was either not maintained by MF or it (or the content database) was not part of the leak provided to the German journalists. It will be interesting to hear the details if it ever does come out.

I suspect, just like WikiLeaks, we'll end up having to be content with "Trust us - it's all there," and assurances that the source was reliable and obtained real data. If there ever was an original content index, we'll never see it.

Urban Redneck's picture

There is a lot of foreign money that is flowing into US Trusts, ironically just as the IRS escalates disallowing trusts whenever they shake down a taxpayer. But if a foreigner wants to park money in the US they realistically need either a trust or corporation (as a source of a US tax id number) just to open a bank account. One (former) advantage of trusts was that the trust paperwork wasn't as easily available to outsiders as shareholder registrations, but that goes out the window when someone uses a cut-rate Panamanian WalMart trust factory that cannot keep its data secure. Nominee shareholders can work, and if you're on a budget it's more affordable than the paid-in capitalizations required for bearer share companies in the jurisdictions that still offer them. What I don't have any insight into is the mechanics of the current fad in the US. Is the "typical" grantor a foreigner with a suitcase of banknotes or a bank wire, or is the grantor a Singapore corporation fronting for, and several steps removed from a Chinese Party member? I avoid trusts (except when I don't... at last count half a dozen times, all with immediate family), because they are subject to the "latest trend" in structuring, which is usually just someone rereading the tax codes and tweaking an existing model, which then gets pumped by all the trust lawyers/schleppers until it gets ruled against by the tax courts...

As for documents... how much time does it take to manually scan millions of documents? What is the cost in terms of initial manual labor and it infrastructure, and then inefficiencies introduced if they are not properly indexed?

Mossack Fonseca is analogous to a boiler room or sweatshop factory, you don't get that volume and market share at that price point without the CRM/BPM/Worflow Automation/insert trend du jour that the rest of the industry has been adopting over the last 20 years. Moreover, since some of the documents date to 1970s when typewriters, paper and analog monochrome paper photocopies were the technology available... someone service provider must have contracted to do a bulk data migration. I read the data haul was over 2 million PDFs, 3 million "folders" and about 5 million emails, so someone (or some government agency) had IT level access to their systems.

The thing I find most perplexing is the stream of either disinformation agents or assclowns who don't even know about their own industry jumping to provide "excuses" for the lack of US information. The TIEA only entered into force in 2010, and Panamanian domiciled trust and corporate entities was a only a MINORITY of Mossack Fonseca's business. The PM who resigned had a BVI entity and Chilean had a bunch of entities in the Bahamas. Someone is trying to direct the narrative, in addition to everything else that stinks here.

PS. or you could just go to their website and look here... http://www.mossfon.com/service/business-units/ or two links later http://www.evolusoft.com/
That could have saved 15 minutes of typing... And raises the odds of "some government agency" being involved.

Paveway IV's picture

Oh my God - that's hilarious. Their only other business unit is a e-Volusoft. For those that don't care to look at the site, here's what they offer:

"e-volusoft provides a full line of products  in three (3) main areas:

1)    Documanager and Secure Cloud: Document digitization and storage..."

Ooops. I take back my comments about all that crap beind unindexed. And I guess their Secure Cloud was a demand of their CIA handlers so real hackers couldn't mess with the scrubbed data. 

"...2)    Software i2: Analyzing and displaying information in order to simplify investigations..."

...Although we have no intention of using this on our own shady clients to ascertain the purpose of their criminal enterprises. Or maybe we did, but that's none of your business.

"...3)    Anti-Money Laundering and Fraud seminars..."

Well, you have to admit - they certainly have plenty of experience in abetting money laundering and fraud. Might as well learn from the experts.

"...Because our solutions are based on web applications, access to the information is just a click away, from anywhere in the world..."

Yeah... they probably want to take out that part.

I never knew Panama was such a sleazy place. Here's how a Panamanian lawyer describes their registered agent 'industry':

“When it comes to money laundering, we offer full service: rinse, wash, and dry,” said Miguel Antonio Bernal, a prominent local lawyer and political analyst. “You can go to any law firm in the city, from the smallest to the biggest, and open up a shell companywith no questions asked.”

Well, sure Miguel. But will just any Panamanian shell-mill have it's own document management software and secure cloud storage? 

Sheesh... if I was a God damn criminal, I would purposely avoid Panamanian legal firms for registered agent services. That has to be a red flag for every international law and drug enforcement organization on the planet. Unless I was on the CIA's "Do not touch" list - then I wouldn't give a damn either way.

Paveway IV's picture

Here's a guy I would like to hear more about: a Swiss lawyer named Christoph Zollinger. He apparently worked for Mossack Fonseca as some kind of partner for sixteen years, but quit in 2010 beause of some issues he had with their business model, i.e., he didn't want to go to prison for them. Supposedly still did some kind of IT consulting for them last year. Let me guess: security-related?

He founded the Panamanian bobsled team while he lived there (sponsored by Mossack Fonseca) and also flew the MF corporate chopper. Moved back to Switzerland. I would bet he has a few interesting stories to tell. I say we send Seal Team 6 to nab him, bring him to Gitmo and waterboard the hell out of him for a few months. Hey, he's Swiss... He woud roll on those crooked Panamanian MF bastards in a heartbeat. Just as long as the Panamanian bobsled team was granted immunity. Those guys are innocent!

Urban Redneck's picture

That's VERY interesting, and it fits both a profile and documented pattern, almost too well. 2010 was when the TIEA between Panama and the US was signed, and prior to that non-disclosure was perfectly legal, just as tax avoidance is perfectly legal in Switzerland (there is big cultural distinction between avoiding the law an breaking the law in Switzerland, and not just in banking, even crossing the street, among countless other examples). One not so anonymous telephone call to FinCEN and Zollinger has immunity, FinCEN calls the NSA, whose official task is foreign signals intelligence... and in short order they have a copy of the Mossack Fonseca data, either through the countless Microsoft back doors or their own cloud vacuuming technology. Then because of the TIEA the NSA can share data with IRS and go after US taxpayers with plausible deniability as to their methods, just like the do with the DEA. Then a year ago (or whenever) while piling on the Russian sanctions someone in State/Treasury gets Soros on the phone and figures out who they can 1) overload with data in such a way that they will bring in ICIJ to sort through it, and 2) who is ethically flexible enough to NOT demand meeting the source of the leak and verifying identity. Then all Soros, Nudleman or some staffer has to do is use some social engineering by pretending to be an ex-employee of Mossack Fonseca (or a 13 year old girl) and then throw out some ground rules that preclude positive identification.

matermaker's picture

You know?  It would only take about a dozen well educated, modestly wealthy and intent men to bring down the house of cards.  It could come from many different areas.  For example, 12 men wait until the heat of the summer and the biggest load on the sprawling and antiquated power lines, over head.  It would be over in an instant.

OR... take a dozen bay fishing boats along side certain vessles in a dozen ports.

Tap a rail car line heading into Cushing and a handful of other destinations.

All nothing but exposed infrastructure over vast expanses of the nation.

No cell phones or social media.  Just one get together over beers.

The truth is... everyone knows this.  the 'terrorists' know this, too.  THEY just don't want to go back to sleeping in tents in the dessert with their camels, over night.

There are a thousand ways to end this circus, tomorrow.  But the fact it is, not even a supervillian wants the show to stop.  ...not really.

Gott weiß ich will kein Engel sein

tmosley's picture

All of the corrupt politicians, bankers, and media should be rounded up and put into a stadium where they will be forced to watch Soros be vivisected while conscious.

Then the next one.

And the next one.

And so on.

Until the stadium stands empty.

Sic semper evello mortem tyrannis.

Travis M Sawyer's picture
Travis M Sawyer (not verified) tmosley Apr 4, 2016 1:54 PM

maybe Trump is on the list and this is how they get him........

hound dog vigilante's picture

Far more likely that Clintons are on the list than Trump, imo...