The Panama Papers is a leak into how the rich and famous hide their millions of wealth in Off-Shore companies. More than 11 million files were obtained from the Panama based Off-Shore Law Firm thats been operating for nearly 40 years. It is also being called the 'Wiki Leaks' of the super rich! The ICIJ has done and reported this leak.
More than 100 politicians from 50 different countries are named in the files, most famously Vladimir Putin. State Leaders, Sports Stars, Business, powerful people are many of the listed clientele of this Law Firm which exists 'in the shadows'.
The Mossack Fonseca (MF) Law Firm allegedly sells anonymous offshore companies around the world. These shell companies enable their owners to cover up their business dealings, no matter how shady. Shell Companies are often used as proxy for businesses as a way to hide who is doing what for corporate secrecy.
More than 100 politicians from 50 different countries are named in the files, most famously Vladimir Putin. State Leaders, Sports Stars, Business, powerful people are many of the listed clientele of this Law Firm which exists 'in the shadows'.
The Mossack Fonseca (MF) Law Firm allegedly sells anonymous offshore companies around the world. These shell companies enable their owners to cover up their business dealings, no matter how shady. Shell Companies are often used as proxy for businesses as a way to hide who is doing what for corporate secrecy.