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

    Reputations:
    21,886
    Joined:
    Jan 16, 2014
    Messages:
    2,549
    Likes Received:
    5,204
    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

    Reputations:
    720,621
    Joined:
    Jul 6, 2011
    Messages:
    172,292
    Likes Received:
    87,636
  3. DaTenses

    DaTenses Well-Known Member

    Reputations:
    17,698
    Joined:
    Dec 20, 2015
    Messages:
    3,147
    Likes Received:
    4,737
    If truly powerful people are behind it, you won't hear shit about it.
     
    Pigsaw, PI Nate, x76 and 1 other person like this.
  4. kinneyjames

    kinneyjames Well-Known Member

    Reputations:
    21,886
    Joined:
    Jan 16, 2014
    Messages:
    2,549
    Likes Received:
    5,204
    You're hearing it here, folks. Spread the word.
     
    Big Bad Booey likes this.
  5. HypocriteHowie

    HypocriteHowie Well-Known Member

    Reputations:
    111,416
    Joined:
    Jan 17, 2012
    Messages:
    4,036
    Likes Received:
    12,601
    Are there Cliff Notes as to why I should give a fuck?
     
  6. Coke Can Baby

    Coke Can Baby Don't be a skunk Gold

    Reputations:
    14,264
    Joined:
    Feb 14, 2015
    Messages:
    717
    Likes Received:
    2,771
    The dawgshed, where you can read about retarded cook offs, teachers fucking students, and shady virgin island corporate deals all on the same page
     
    Captain, lastlaugh, TeeDonkey and 8 others like this.
  7. ice cream

    ice cream Well-Known Member

    Reputations:
    17,147
    Joined:
    Dec 22, 2011
    Messages:
    23,055
    Likes Received:
    4,700
    :yes:
     
    PI Nate, potroast and Roland Schwinn like this.
  8. ice cream

    ice cream Well-Known Member

    Reputations:
    17,147
    Joined:
    Dec 22, 2011
    Messages:
    23,055
    Likes Received:
    4,700
    i know one thing florida is one sunny place for a bunch of shady characters
     
  9. Turbongr

    Turbongr Well-Known Member

    Reputations:
    16,252
    Joined:
    Jan 31, 2014
    Messages:
    906
    Likes Received:
    870
    Asshole rich people put their cash in offshore tax havens. This is a shock to some people apparently.
     
    Muffler and Droog like this.
  10. kinneyjames

    kinneyjames Well-Known Member

    Reputations:
    21,886
    Joined:
    Jan 16, 2014
    Messages:
    2,549
    Likes Received:
    5,204
    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.
     
    Bye You! likes this.
  11. HS Cult Leader

    HS Cult Leader Elite Member Gold

    Reputations:
    101,846
    Joined:
    Jun 2, 2012
    Messages:
    13,105
    Likes Received:
    18,399
    How soon before we find out who their biggest client is? :bigthink



    [​IMG]
    [​IMG]
     
    PI Nate, lastlaugh, LonghornJ and 5 others like this.
  12. reno

    reno VIP Extreme Gold

    Reputations:
    323,698
    Joined:
    Jan 10, 2012
    Messages:
    13,705
    Likes Received:
    40,549
    I read Dick and Jane in grade school. I never trusted Jane. She seemed like a bitch.
     
    Mr Fantastic and x76 like this.
  13. MilkyDischarge

    MilkyDischarge Se suelto el diablo Gold

    Reputations:
    69,794
    Joined:
    Sep 16, 2013
    Messages:
    8,122
    Likes Received:
    13,739
    Sorry for reposting. I
     
    kinneyjames likes this.
  14. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! Gold

    Reputations:
    310,553
    Joined:
    Aug 25, 2013
    Messages:
    24,023
    Likes Received:
    42,038
    Oh, how I love ths shit!!!

    *rubs hands together, cackling*
     
    kinneyjames likes this.
  15. eliasbboy

    eliasbboy Insert Witty Title Here Staff Member

    Reputations:
    212,345
    Joined:
    Aug 20, 2010
    Messages:
    36,274
    Likes Received:
    33,353
    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/




    [​IMG]
     
    MAEROZE, Droog, potroast and 4 others like this.
  16. kinneyjames

    kinneyjames Well-Known Member

    Reputations:
    21,886
    Joined:
    Jan 16, 2014
    Messages:
    2,549
    Likes Received:
    5,204
    Attempt at deflection denied.
     
  17. dawg

    dawg In The Dog House Staff Member

    Reputations:
    541,054
    Joined:
    Aug 19, 2010
    Messages:
    119,538
    Likes Received:
    90,905
  18. dawg

    dawg In The Dog House Staff Member

    Reputations:
    541,054
    Joined:
    Aug 19, 2010
    Messages:
    119,538
    Likes Received:
    90,905
     
    Droog and CrucifiedAGT like this.
  19. dawg

    dawg In The Dog House Staff Member

    Reputations:
    541,054
    Joined:
    Aug 19, 2010
    Messages:
    119,538
    Likes Received:
    90,905
    I wonder what the people that french kiss Putin's ass hole will say? Do we still worship the the Global elite?

     
    Turbongr, Droog and CrucifiedAGT like this.
  20. dawg

    dawg In The Dog House Staff Member

    Reputations:
    541,054
    Joined:
    Aug 19, 2010
    Messages:
    119,538
    Likes Received:
    90,905
     
    Turbongr likes this.