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Discussion Starter #1
Today 'The Panama Papers' were released in what could quite possibly be the most groundbreaking investigative journalistic leak in history. The 'Panama Papers', whose source material was originally received by the German paper Sueddeutsche Zeitung, is an anonymous collaboration of several hundred investigative journalists worldwide working alongside the The International Consortium of Investigative Journalists(ICIJ). Earlier today these journalists began unveiling what they have found.

This is just the beginning. The leak these stories are based on is comprised of around 11.5 million documents clocking in at 2.6 Terabytes and involving over 14,000 clients over several decades. For comparison, Edward Snowden’s leak had 100 thousand documents. It was heralded as the most important leak in the history of journalism. Now, Snowden himself is saying that this leak is bigger and better.


A massive, anonymous leak of financial documents from a Panamanian law firm has revealed an extensive worldwide network of offshore “shell” companies — including ones with ties to Russian President Vladimir Putin — that allow the wealthy to hide their assets from taxes and, in some cases, to launder billions in cash, a German newspaper alleges.

The documents, combed through in the past year by dozens of journalists worldwide, show links to 72 current or former heads of state, including dictators accused of looting their own countries.

The data reveal details of secret offshore companies linked to families and associates of Egypt's former president Hosni Mubarak, Libya's former leader Muammar Gaddafi and Syria's president Bashar Assad, among others. Also included: Ian Cameron, the late father of British Prime Minister David Cameron. The elder Cameron died in 2010.

It also alleges a billion-dollar money laundering ring run by a Russian bank tied to associates of Putin. The bank allegedly channeled money through offshore companies, two of which were officially owned by one of the Russian president's closest friends.

"I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents," said Gerard Ryle, director of the International Consortium of Investigative Journalism (ICIJ), a non-profit organization based in Washington, D.C., which coordinated the reporting.

The cache is larger than the one leaked in 2013 by former CIA employee Edward Snowden — who tweeted on Sunday that the "Biggest leak in the history of data journalism just went live, and it's about corruption."

Massive leak reveals money rings of global leaders


Here's the interactive website.

https://projects.icij.org/panama-papers/power-players/

The Guardian's coverage

Panama Papers | The Guardian


So far this leak has no link to the United States or anyone in it. This either means that the law firm that was targeted did not do any business with the US, or the journalists simply have not released any of that information yet.

Also, too... this is only one law firm. The proverbial tip of the iceberg...
 

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Surely A Large Human
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The list of those indicted will be a who's who of massive global cunts. To a person. There will be zero surprises.
 

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Discussion Starter #6
Interestingly, I learned about the Panama Papers on Reddit (I understand Twitter broke the news also) but nothing on the front page of CNN, MSNBC, Fox, ABC News, The New York Times...

This is the front page on CNN 6 hours after the news was out.







And a day later, nothing still at the Drudge report, my main source for unbiased news...

DRUDGE REPORT 2016®
 

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Discussion Starter #7
Sigmundur Davíð Gunnlaugsson, the prime minister of Iceland, walks out of an interview with Swedish television company SVT. Gunnlaugsson is asked about a company called Wintris, which he says has been fully declared to the Icelandic tax authority. Gunnlaugsson says he is not prepared to answer such questions and decides to discontinue the interview, saying: ‘What are you trying to make up here? This is totally inappropriate’

Iceland?s prime minister walks out of interview over tax haven question ? video | News | The Guardian
 

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Surely A Large Human
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Interestingly, I learned about the Panama Papers on Reddit (I understand Twitter broke the news also) but nothing on the front page of CNN, MSNBC, Fox, ABC News, The New York Times...

This is the front page on CNN 6 hours after the news was out.







And a day later, nothing still at the Drudge report, my main source for unbiased news...

DRUDGE REPORT 2016®

Nobody has any idea what to make of it. American journalism is in a bucket of shit.
 

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Surely A Large Human
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Also, get off of Reddit. It's an interesting concept, but it fails completely when you apply it to a bunch of necrophilic lemmings. Subs up being a group-think popularity contest circle jerk, without fail.
 

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Discussion Starter #11
A number of investigations have been launched since the first revelations late on Sunday, by Austrian, Dutch and Australian authorities, among others.

The documents show 12 current or former heads of state, and at least 60 people linked to current or former world leaders, in the data. The files reveal a suspected billion-dollar money laundering ring involving close associates of Russia's President Vladimir Putin.

Iceland's Prime Minister, Sigmundur Gunnlaugson, is also shown to have had an undeclared interest linked to his wife's wealth.

By Monday morning, 16,000 people in Iceland had signed a petition demanding his resignation, and a large protest is expected in Reykjavik later.

Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), who co-ordinated the investigations, said the documents covered the day-to-day business at Mossack Fonseca over the past 40 years.
"I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents," he said.

Also mentioned are the brother-in-law of China's President Xi Jinping; Ukraine's President Petro Poroshenko; Argentina's President Mauricio Macri; and the late father of UK Prime Minister David Cameron.

In the latest reaction:


  • Hussain Nawaz Sharif, the son of Pakistan's Prime Minister, Nawaz Sharif, and one of three siblings shown to own real estate through offshore entities, says "there is nothing wrong with it";

  • The HM Revenue and Customs (HMRC) in the UK says it has received "a great deal of information on offshore companies" as it investigates - it is also asking the ICIJ to share all its data;

  • Austria's financial markets regulator says it is investigating whether two banks breached rules on money laundering after being named in the leaks;

  • France's finance ministry says it is seeking the original documents in the leak for its own investigation;

  • Australia's tax office says it is investigating 800 individuals named in the leaks;

  • a spokesman for Azerbaijan's president Ilham Aliyev, whose children are named as owners of offshore companies, says such practice "is not banned by any law", adding that they "are grown up Azerbaijani citizens";

  • Dmitry Peskov, the spokesman for Russia's President Vladimir Putin, says evidence was "concocted" and that Mr Putin is the target of "disinformation".
The leak reveals a suspected billion-dollar money laundering ring that was run by a Russian bank and involved close associates of President Putin.

The operation was run by Bank Rossiya, which is subject to US and EU sanctions following Russia's annexation of Crimea.

Panama Papers: Leaks spur global investigations - BBC News
 

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Discussion Starter #12
Also, get off of Reddit. It's an interesting concept, but it fails completely when you apply it to a bunch of necrophilic lemmings. Subs up being a group-think popularity contest circle jerk, without fail.

No different than any other forum Q, but with the added breath, depth, stupidity, incongruity added by millions of members on gazillions of subjects.

https://www.reddit.com/r/worldnews/
https://www.reddit.com/r/tifu/
https://www.reddit.com/r/technology/
https://www.reddit.com/r/Aquariums/
https://www.reddit.com/r/atheism/
https://www.reddit.com/r/DIY/
https://www.reddit.com/r/dataisbeautiful/
 

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Surely A Large Human
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I know there's smart people in most of them, but divergent thoughts get suppressed by the groupthink. Only the acceptable positions and views get any attention. The downvote should be used minimally, but it isn't. It's an interesting system that is flawed in that it relies on people being decent - a lot like that of our own nation. So what results is a predictable shit storm...but instead of tons of cat pictures or stupid trolling and memes, you get a highly homogenized view of any given subject area. It's inevitable. Fuck them.
 

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Discussion Starter #16
By Associated Press April 4 at 3:22 PM

MADRID — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):

9:15 p.m.

The editor in chief of the Sueddeutsche Zeitung newspaper says more than 1,000 Germans are named in the leaked Panama Papers on offshore accounts and they used all the major German banks.

Wolfgang Krach says the banks involved included Deutsche Bank, Commerzbank, the Hypo Vereinsbank and the Bayrische Landesbank.

The Munich-based paper was offered the leaked data from a Panama law firm more than a year ago through an encrypted channel by an anonymous source. Bastian Obermayer, a reporter for the paper, said the source sought unspecified security measures but no compensation.

The documents provided — amounting to about 2.6 terabytes of data — included emails, financial spreadsheets, passports and corporate records detailing how the rich and powerful used banks, law firms and offshore shell companies to hide their assets from 1977 through the end of 2015.

Krach told The Associated Press the paper and its partners verified the authenticity of the data by comparing it to public registers, witness testimony and court rulings.

https://www.washingtonpost.com/national/the-latest-australia-in-probe-of-possible-tax-evasion/2016/04/04/42947760-fa2e-11e5-813a-90ab563f0dde_story.html
 

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The Ron Paul Institute for Peace and Prosperity : Selective Leaks Of The 'Panama Papers' Create Huge Blackmail Potential

There is no story about any U.S. person, none at all, nor about any important NATO politician. The highest political "casualty" so far is the irrelevant Prime Minister of Iceland Sigmundur David Gunnlaugsson who, together with his wife, owned one of the shell companies. There is no evidence that the ownership or the money held by that company were illegal.

So where is the beef?

As former UK ambassador Craig Murray writes, the beef (if there is any at all) is in what is hidden by the organizations that manage the "leak":

The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”

What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include

Ford Foundation
Carnegie Endowment
Rockefeller Family Fund
W K Kellogg Foundation
Open Society Foundation (Soros)

The International Consortium of Investigative Journalists (ICIJ) is part of the Organized Crime and Corruption Reporting Project (OCCRP) which is financed by the U.S. government through USAID.
 

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Discussion Starter #20
What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include

Ford Foundation
Carnegie Endowment
Rockefeller Family Fund
W K Kellogg Foundation
Open Society Foundation (Soros)

The International Consortium of Investigative Journalists (ICIJ) is part of the Organized Crime and Corruption Reporting Project (OCCRP) which is financed by the U.S. government through USAID.


Ed, this piece was published just before I started the thread, I have tried to find anything to sustain the above assertions with no joy so far, have you? Also, what do you know about the the CPI? It would seem to me it is the kind of outfit you and the doc would support...


CPI was founded in March 1989 by Charles Lewis, a former producer for ABC News and CBS News 60 Minutes. According to a magazine profile, Lewis was motivated to start CPI because he had become "disenchanted by what he considered the sorry state of American investigative reporting and the sorrier state of American government."

In May 1990, Lewis used the money he had raised and his house as collateral to open an 1,800-square-foot office in Washington, D.C. In its first year, the CPI's budget was $200,000. In 1996, CPI launched its first website, although CPI did not begin to publish reports online until 1999.

https://www.publicintegrity.org/about/our-organization/annual-reports
https://www.publicintegrity.org/about/our-work/supporters
 
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