Justice Department charges 4 men in Panama Papers scandal

Accused of illegally hiding tens of millions of dollars from the U.S. Internal Revenue Service (IRS), four men, including a former investment manager, a former U.S. resident, an American accountant and a Panamanian lawyer, are facing federal charges ranging from tax evasion to money laundering conspiracies. Associated with the Panama Papers scandal, each of the men worked for Mossack Fonseca Co., a Panamanian-based global law firm, or related entities.

In April 2016, Iceland Prime Minister Sigmundur David Gunnlaugsson and Gonzalo Delaveau, the president of Transparency International in Chile, both immediately resigned from their positions after being named in the 11.5 million leaked documents known as the Panama Papers that listed the financial details of more than 200,000 offshore accounts created by Mossack Fonseca. Other prominent figures named in the Panama Papers include the father of former U.K. Prime Minister David Cameron, several friends of Russian President Vladimir Putin, the

... read more at: https://www.nationofchange.org/2018/12/06/justice-department-charges-4-men-in-panama-papers-scandal/

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