News Panama shell game. Mossack Fonseca - huge corruption scandal breaking

Discussion in 'The Howard Stern Show' started by kinneyjames, Apr 3, 2016.

  1. kinneyjames

    kinneyjames Well-Known Member

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    Mossack Fonseca, Panamanian law firm. Get used to that name. You'll be hearing much about it shortly.

    https://panamapapers.icij.org/20160403-panama-papers-global-overview.html

    http://panamapapers.sueddeutsche.de/en/

    Far too long to post here, but this is a breaking investigative story involving international corruption, politics, greed, money laundering and general cheating by the rich, their middle-men and banks worldwide.

    It is as scummy as it is fascinating.

    Posting links in case someone else cares.

    "Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world. These shell firms enable their owners to cover up their business dealings, no matter how shady."

    Edit

    "On Feb. 10, 2011, an anonymous company in the British Virgin Islands named Sandalwood Continental Ltd. loaned $200 million to an equally shadowy firm based in Cyprus called Horwich Trading Ltd.

    The following day, Sandalwood assigned the rights to collect payments on the loan — including interest — to Ove Financial Corp., a mysterious company in the British Virgin Islands.

    For those rights, Ove paid $1.

    But the money trail didn’t end there.

    The same day, Ove reassigned its rights to collect on the loan to a Panama company called International Media Overseas.

    It too paid $1.

    In the space of 24 hours the loan had, on paper, traversed three countries, two banks and four companies, making the money all but untraceable in the process."

    Much more at links
     
  2. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  3. DaTenses

    DaTenses Well-Known Member

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    If truly powerful people are behind it, you won't hear shit about it.
     
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  4. kinneyjames

    kinneyjames Well-Known Member

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    You're hearing it here, folks. Spread the word.
     
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  5. HypocriteHowie

    HypocriteHowie VIP Extreme Gold

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    Are there Cliff Notes as to why I should give a fuck?
     
  6. Coke Can Baby

    Coke Can Baby Don't be a skunk

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    The dawgshed, where you can read about retarded cook offs, teachers fucking students, and shady virgin island corporate deals all on the same page
     
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  7. ice cream

    ice cream Well-Known Member

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    :yes:
     
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  8. ice cream

    ice cream Well-Known Member

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    i know one thing florida is one sunny place for a bunch of shady characters
     
  9. Turbongr

    Turbongr Well-Known Member VIP

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    Asshole rich people put their cash in offshore tax havens. This is a shock to some people apparently.
     
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  10. kinneyjames

    kinneyjames Well-Known Member

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    If that were the whole story I would agree. But it is not. It is the elite scumbags of the world using this shady Panamanian law firm to scam, cheat, hide, steal, fraud, endebt and generally fuck the rest of the world. If you think that it is their money alone you are as complicit as you are flippant.

    Moreover, this is ONE firm that's been compromised by a whistleblower. There are many more layers to this onion.
    I welcome free and fair markets. I will not accept rigged games.

    Read the story. Read a synopsis of it. You will be better for it.
     
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  11. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    How soon before we find out who their biggest client is? :bigthink



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  12. reno

    reno VIP Extreme Gold

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    I read Dick and Jane in grade school. I never trusted Jane. She seemed like a bitch.
     
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  13. MilkyDischarge

    MilkyDischarge Proud Schtick POTY 2016 Gold

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    Sorry for reposting. I
     
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  14. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up!

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    Oh, how I love ths shit!!!

    *rubs hands together, cackling*
     
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  15. eliasbboy

    eliasbboy Insert Witty Title Here Staff Member

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    This is looking to be an enormous news story.

    2.6 terabytes (11.5 million documents and 214,000 shell companies) have been leaked of Panamanian shell company data. The leak reveals "how a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of politicians, Fifa officials, fraudsters and drug smugglers, celebrities and professional athletes."

    In the past 12 months, around 400 journalists from more than 100 media organizations in over 80 countries have taken part in researching the documents.

    It's a lot of reading, but a website has already been established to explain the information and document the discoveries.

    Panama Papers: The Secret of Dirty Money


    https://panamapapers.icij.org/

    http://panamapapers.sueddeutsche.de/en/




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  16. kinneyjames

    kinneyjames Well-Known Member

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    Attempt at deflection denied.
     
  17. dawg

    dawg In The Dog House Staff Member

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  18. dawg

    dawg In The Dog House Staff Member

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  19. dawg

    dawg In The Dog House Staff Member

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    I wonder what the people that french kiss Putin's ass hole will say? Do we still worship the the Global elite?

     
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  20. dawg

    dawg In The Dog House Staff Member

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