Panama Papers

[bacpacker]

Has anyone else saw this stuff yet? I first saw it yesterday morning and the article started off with several names of some folks involved. Later in the evening I saw a blurb on NBC news. They made mention only of Vlad Putin and a couple of his cronies. Try to made it sound like it was all his deal. The UK's PM, several of China's leaders, folks from Iceland, Ukraine, Saudi, Qutar, Dubai, and the US are just a few. The first link below says there are over 400 involved, several Trillion bucks spread among the accounts. To me it sounds like a huge money laundering scheme. I'd be willing to lay a wad of money on it that a huge amount of the funds involved are also a sizeable part of our debt. I'm seeing plenty of other stories, but here are two.


http://www.zerohedge.com/news/2016-04-04/mossack-fonseca-has-441-us-clients-who-are-they

http://www.reuters.com/article/us-panama-tax-idUSKCN0X10C2

[Vodin]

All I can say is uh huh, yup go figure.

[realist]

It's only a little money and a little tax evasion.............no I take that back I am sure everyone there will declare their taxes. Hiding money is wrong otherwise it is too hard for the government to take it.

[ak474u]

I've always said, nobody spends 10-15 even 20million of their own money to get a couple hundred thousand dollar a year job.