4 men charged in Panama Papers investigation

NEW YORK (AP) — Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers.

The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an “intercontinental money laundering scheme” involving a global law firm based in Panama.

Two Germans, one American and a Panamanian attorney were charged with conspiracy and other counts.

The Panama Papers include a collection of 11 million secret financial documents that illustrated how some of the world’s richest people hide their money. The records were first leaked to the Suddeutsche Zeitung, a major German newspaper, and were shared with the International Consortium of Investigative Journalists, which began publishing collaborative reports with news organizations in 2016.

The repercussions of the leaks were far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the leaders of Argentina and Ukraine, Chinese

... read more at: http://spectrumnews1.com/ky/lexington/ap-online/2018/12/04/4-men-charged-in-panama-papers-investigation

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