Mass. accountant one of 4 men charged in Panama Papers investigation

He was charged with one count each of conspiracy to commit tax evasion, wire fraud, and money laundering conspiracy and four counts of willful failure to file a Report of Foreign Bank and Financial Accounts, according to a statement from the US Department of Justice.

Gaffey was the only American among the four charged in a decades-long scheme to defraud the US by stashing millions of dollars in offshore shell-companies and bank accounts.


Officials said the plot was perpetrated by a Panama-based global law firm and related entities, according to the department. The charges were revealed in an 11-count federal indictment unsealed Tuesday in New York.