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Apr 4, 2016

Largest Ever Data Leak Implicates World Leaders in Financial Shenanigans

It’s being dubbed as the biggest leak in the history of data journalism – eleven point five million leaked files, two point six terabytes of confidential documents – linking current and past world leaders as well as prominent world figures to billions stashed in offshore accounts. The leak came from a Panamanian law firm known as Mossack Fonseca which specializes in the creation of shell companies specifically to protect assets from scrutiny or taxation. Mossack Fonseca is billed as one of the fourth-largest offshore law firm, and on its website advertises expertise in jurisdictions including Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming U.S.A.  Investigators across the world are currently trying to untangle the findings of the Panama Papers to determine far-reaching and high-level criminal action, even as the media tries to understand what is being called the biggest financial leak in history.

 

{Report on findings of the Panama Papers….}

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