Discover and read the best of Twitter Threads about #PanamaPapers

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Another massive leak #FinCENFiles by @ICIJorg & @BuzzFeedNews: Big banks taking dirty money
Nothing is new here
Not that it isn’t, in journo terms, a good story, well told.
It is.
I know because I wrote my version of it 11 yrs ago at @Global_Witness
Here’s some perspective 1/21
Here was my account of how banks cause poverty: bit.ly/UndueDiligence
And so many others:
@nickshaxson’s version, Treasure Islands (rather more widely read than my efforts) in 2011
Ditto @OliverBullough’s Moneyland in 2018
@submergingmkt’s, The Blood Bankers, in 2003
2/21
Prof Jason Sharman @Dept_of_POLIS has written multiple books, including a cracking investigation into the global shell co industry.
And Elise Bean’s account of her years running Senator Carl Levin’s investigations bit.ly/2FG9HCP 3/21
Read 21 tweets
The #Fincen leaks are the latest finance corruption megaleak, following #ParadisePapers (2017), #PanamaPapers (2016), #SwissLeaks (2015), #Luxleaks (2014). It's a trove of 2100 "Suspicious Activity Reports" (SARs) from the US Treasury's Financial Crimes Enforcement Network.

1/
The reporting on the leaks was shared among multiple journalism orgs, including @BBCPanorama, @Buzzfeed, and more than 100 other orgs in 88 countries, coordinated by the @ICIJorg, whose master report is a key to the whole leak:

icij.org/investigations…

2/
Here's the nut: the world's largest banks knowingly laundered billions of dollars for the worst criminals, looters and oligarchs in the world. The financial regulators knew they were doing it.

3/
Read 39 tweets
NEW: Together with @buzzfeednews and 108 other media organizations we reveal the #FinCENFiles – our latest cross-border investigation.

Using super secretive bank documents and months of reporting, we expose how banks fail to stop dirty money flows. bit.ly/3kDpxwN
#FinCENFiles reveals $2 trillion worth of payments – revealing big-name banks (you’ve heard of them) moved suspicious money even after promising officials they would fix money laundering controls.
These global giants have moved masses of dirty money tied to mobsters, fraudsters and corrupt regimes – sometimes it's for people they can’t identify.
And – you can explore some of the transactions we found here. bit.ly/2ZUGRVV
Read 11 tweets
Battles over delaying or modifying @CDCgov reports have been a #TrumpFascist #distraction in middle of #pandemic response, "Dr. Redfield has pushed back on this," @KFF CDC's process there was no reason for #Trump officials to review work of #scientists.

tinyurl.com/y33z7usf
OOO. #TrumpFascist THUG #Caputo didn’t like @politico article doesn’t like CHAP 42 of #ProofofCorruption that elucidates ALL #TRUMP #COVID19 lies .. Killing THOUSANDS of deluded #Americans. SEE his response to @SethAbramson via @threadreaderapp unroll.

tinyurl.com/yyd6jvgz
GOT THAT? @AMSA_News @ANANursing1 #frontline workers. CHAP 42 of #ProofofCorruption contains ALL #TrumpTeam #Covid_19 LIES. From very first when he got #MilIntell briefing on #coronavirus and being #germophobe he panicked and got taken to #WalterReed for cold symptoms #maddow
Read 6 tweets
Major Threads Part 5
“New Federal State of China” #WhistleblowerMovement to Free Chinese Throughout the World & in China: Himalaya Supervising Organization is a non-government Organization with no political affiliation... #GuoWengui #SteveBannon
Read 9 tweets
THREAD (SHORT, I PROMISE) ON OFFSHORE HAVENS AND CHINESE PRINCELINGS
So you've all heard of the #PanamaPapers and probably of the offshore registration firm, Mossack Fonseca, whose records were leaked. (1/x)
You may have also noticed yesterday the story @jotted and I wrote that focused on the wealth of the daughter of Li Zhanshu, the No. 3 member of the Chinese Communist Party. If you didn't, here it is... (2/x)
nytimes.com/2020/08/12/bus…
@jotted So the $15m house the daughter Li Qianxin bought in 2013 for about $15m USD (now worth considerably more) was registered to a company in in the British Virgin Islands, Century Joy. (3/x)...see
Read 8 tweets
THREAD! How we (mostly @jotted) documented that the daughter of the man who pushed Hong Kong's national security law through China's NPC ascended the ranks of Hong Kong's pro-Beijing elite, amassing great wealth. This thread will cover A LOT of territory. (1/x) Image
@jotted First of all, read our story, which just posted. Here it is: (2/x):
nytimes.com/2020/08/12/bus…
@jotted In mid-2017, HK media reported about the mysterious rapid rise of Chua Hwa Por (Cai Huabo), how he amassed a fortune, and wrote that he was said to be married to the daughter of Li Zhanshu, an ally of Xi Jinping's poised to enter the elite Politburo Standing Committee. (3/x)
Read 51 tweets
Now Germany's Siemens, via Siemens Healthineers, is buying US cancer treatment company Varian.

So Germany already controls half the US kidney dialysis market, now they're going for cancer treatments.

#BigHealthcare
Same Siemens that's under investigation in the massive, global #Odebrecht/Car Wash scandal.

Here's what I meant when I said Germany controls at least 1/2 of the US dialysis market - via Fresenius.

Read 4 tweets
Moin. Wir müssen über Reichtum reden. In Hamburg leben rund 42.000 Millionär* und 18 Milliardär*innen. An der Binnenalster kann man das ziemlich gut sehen. Ein kleiner Rundgang (Thread)
Wir starten im Hotel Vierjahreszeiten. Man kann einfach rein und - hätte man das nötige Kleingeld - im Restaurant speisen (auf dem Foto nur das Café). Menü mit Wein p.P. 290€. Zimmer zwischen 200 und 600€ pro Nacht. Beliebt auch bei jüngeren Reichen
Nebenan ist es nicht so offen: in den Überseeclub kommen Normalsterbliche nicht rein. Mitgliederliste: geheim. Alle Bundeskanzler*innen und Bundespräsidenten (bis auf 2) haben hier vorgesprochen. Außerdem Chefs von Daimler, Siemens, etc. Machtelite trifft Geldelite.
Read 14 tweets
NEW: Leaks Expose Conservative Movement Funders Prince and DeVos Family Offshore Money
unicornriot.ninja/2020/leaks-exp…
Unicorn Riot located offshore corporate entity records supporting the activities of private military businessman Erik Prince and the DeVos family
Former SEAL & founder of Blackwater Inc., (now ‘Academi‘) Erik Prince, & his extended family tied to a new batch of data leaks, revealing offshore business entities filed in the Bahamas, Unicorn Riot has found.
Prince confirmed one of the owners of Salamis LLC, a Blackwater aviation front company which provided services for the U.S. military in Afghanistan.

Prince’s sister, Betsy DeVos, is currently the U.S. Secretary of Education, and married to Richard “Dick” DeVos Jr.
Read 42 tweets
Ut oh! Daphne Galiza's family is calling out Siemens for not complying with it's agreement with DOJ to end corruption. #ButNothingsHappening

Siemens has been linked to other corruption cases that I have covered in addition to Malta...
Siemens was a partner in an electric plant in Malta that was very Swampy & was one of the scandals Daphne was investigating before her assassination.
They even had to push a member of the Board of Directors of the project in Malta to resign after he was arrested & questioned in relation to her murder.
Read 7 tweets
Hoy en la mañana, una legisladora porteña tuiteó la siguiente animalada:
Ante semejante estupidez, me pareció oportuno realizar las siguientes aclaraciones:

1. Los activos de argentinos en el exterior pagan, de hecho, mayores impuestos que los locales.

2. El único delito probado en el “caso” #PanamaPapers es el robo de información privada.
Al mismo tiempo, la invité - si de verdad estaba interesada en la “cuestión offshore” - a tener un debate CONSTRUCTIVO al respecto a través de mi cuenta en Instagram, hoy a las 19:00 de BA.
Read 7 tweets
12/2018: #MossackFonseca & Co., Panamanian-Based Global Law Firm Used To Set Up Foundations & Trusts To Disguise Ownership of Money▫️

Four Charged: Ramses Owens, 50; Dirk Brauer, 54; Richard Gaffey, 74; Harald Von Der Goltz, 81▫️


justice.gov/opa/pr/us-acco…
“Mossack Fonseca & Co. deal in creating foundations & trusts incorporating offshore companies & setting up overseas bank accounts for clients. Created, marketed, sold & serviced sham foundations & shell companies.

Ramses Owens, Atty for Mossack Fonseca: Charged, Still At large”
“Dirk Brauer, Investment Advisor for Mossfon Asset Management: Charged, Arrested 11/15/18 in Paris, France.

Richard Gaffey, Partner At US Based Accounting Firm: Charged, Arrested 12/3/18 in Boston, MA.”
Read 11 tweets
Good morning from New York.

Another #PanamaPapers defendant is about to plead guilty. Updates after it happens for @CourthouseNews.
@CourthouseNews DEVELOPING:

Precluding a trial on massive tax dodges unearthed in the Panama Papers leak, an accountant implicated in the scheme pleaded guilty Friday.

More in the next update, @CourthouseNews courthousenews.com/accountant-ple…
@CourthouseNews Richard Gaffey's sentencing is now set for June 29 at 11 a.m.

Of the four indicted Panama Papers defendants, both of the two currently in U.S. custody have pleaded guilty. That averts a high-profile trial slated for next week.

Gaffey admitted to all eight counts.
Read 4 tweets
Former US resident Harald Joachim von der Goltz pleaded guilty to wire & tax fraud, money laundering & other charges in the #PanamaPapers investigation of Mossack Fonesca!

He was charged along with Ramses Owens, Dirk Brauer, and Richard Gaffey.

#ButNothingsHappening
He hid his money in offshore accounts from at least 2000 to 2017 and used multiple shell companies and bank accounts to do it.

Ramses Owens previously worked as a Lawyer for Mossack Fonesca and helped him hide his money. He is another one charged in the scheme.
Richard Gaffey, who was also charged, was a Partner at a US based Accounting firm.

Looks like the firm was Elder Gaffey & Paine PC.

I can’t read this whole thing, but it’s right in the beginning.

law360.com/articles/12379…
Read 5 tweets
Iranian national Bahram Karimi was charged with bank fraud conspiracy and lying for his role in a joint project between #Venezuela and #Iran where they used the US financial system to funnel over $115 Million to Iranian entities and individuals.
Looks like Karimi might actually live in Canada.
This goes back to 2004 when Venezuela and Iran entered into a Cooperation Framework Agreement and later an MOU where Iran’s Stratus Group would build housing in Venezuela.
Read 9 tweets
United Nations director general of the International Organisation for Migration (IOM) António Vitorino implicated in a 35 million euro Venezuelan corruption scheme.
Case stems from time when he was Spain's ambassador to Venezuela.
thenewhumanitarian.org/news/2019/01/1…
#ButNothingsHappening
The case also involves the former head of the Venezuelan oil company flying to Madrid to testify, then being found dead in his hotel room.
Money was laundered through shell companies & banks in Panama & Switzerland. I'm sure some of this was exposed by the #PanamaPapers & #Swissleaks.
Which have made it easier for investigators to discover the owners of the shell companies!
Read 7 tweets
Swiss bank UBS facing obstruction charges for enabling a financial firm to commit fraud against it's clients in conflict of interest deals.
Making trades that cause 1 customer to lose money in a deal to another customer...
While greatly overcharging for it
internationalinvestment.net/news/4009896/u…
Malta based Sofia Sgr asset management firm conducted the fraud from 2013-2017.
In addition to charges against the firm & the bank, they are looking at charging up to 23 individuals working for the firm & the bank. #ButNothingsHappening
Correction, it is Milan not Malta.

Autocorrect thinks I always type Malta...
Read 7 tweets
NEW: Africa’s richest woman @isabelaangola claims to be a self-made billionaire. Today, we reveal the inside story of how she made her fortune while leaving #Angola one of the poorest countries on earth.

Read #LuandaLeaks: bit.ly/2TG528b

📹: @shirafu
If you're new to Angola, the dos Santos family and their connected history, then this is the place to start.

By @antoniocuga and @Indigo_Light. bit.ly/2udfbPi #LuandaLeaks
@antoniocuga @Indigo_Light Months of reporting based on a #leak of 715,000 documents obtained from @PPLAAF reveals two decades of unscrupulous deals and enormous wealth moved through offshore centers. bit.ly/2TG528b #LuandaLeaks
Read 11 tweets
Hmm. Last Friday was supposed to mark the end of corporate secrecy in Europe🎉

EU countries should all now have publicly-accessible registers showing the true owners of companies #AMLD5

But there was no champagne. No trumpets🎺🍾

Why @TimmermansEU? @VDombrovskis?🤷‍♀️
THREAD1/8
@TimmermansEU @VDombrovskis 4 yrs ago, after @ICIJorg, @SZ & other media published #panamapapers🏝️, the EU admitted its efforts to catch those using anonymous companies to commit crimes🕵️‍♀️ & hide assets👑💍🏆💰 (AMLD4) were not working.
2/8 ImageImage
@TimmermansEU @VDombrovskis @ICIJorg @SZ The EU’s response was a new directive, AMLD5, requiring countries to publish registers of ownership🗂️by 10 Jan 2020 (i.e. last Friday)

Back then, @TimmermansEU said the EU was "proud"😇of its new "urgent counter-measures"💪against tax evaders & other criminals. 3/8 Image
Read 10 tweets
Two arrested in the UK on indictments from SDNY over using shell companies to engage in illegal pump & dump stock schemes. Indictment covers from 2013-2019. HT to @JarradKushner
#ButNothingsHappening
justice.gov/usao-sdny/pr/s…
@JarradKushner I love the language here "As a major facilitator of market manipulation schemes..." which means they were doing this as a service for their investors.
Investors as yet unindicted, or at least still sealed. This is getting the #receipts!
@JarradKushner They set up & used shell companies to conceal who their real investors were behind the schemes to make it harder to identify their customers.
Read 13 tweets
Swiss asset management firm Blacklight, SA and its owner Kenneth Ciapala, as well as Ulrek Dibo, were charged in a pump and dump scheme of (mainly) penny stocks.
The scheme involved secretly taking over companies, manipulating their stocks, publishing false stock information publicly, artificially inflating the stock prices, then selling at the inflated values.
Blacklight SA is also linked to 14 companies in the #PanamaPapers.

offshoreleaks.icij.org/nodes/11010129
Read 4 tweets
Here are 10 insights from our research in 2019 that can help journalists in 2020

1. Our #DNR19 showed that 16% pay for online news in 🇺🇸, 27% in 🇸🇪 & 34% in 🇳🇴. But these countries remain the exception. People in many countries remain reluctant to pay
digitalnewsreport.org/survey/2019/ov…
@rasmus_kleis @MeeraSelva1 @dragz @annisch @silviamajo @arusbridger @pollycurtis @jeffjarvis @Rosental @jbenton 2. A report we published in September showed that FB & YouTube are more widely named as sources of online news by young people than most of the 🇪🇺 public broadcasters. @BBCNews is the only one with a higher reach among young audiences online than offline
reutersinstitute.politics.ox.ac.uk/our-research/o…
@rasmus_kleis @MeeraSelva1 @dragz @annisch @silviamajo @arusbridger @pollycurtis @jeffjarvis @Rosental @jbenton @BBCNews @davidallevy @vincentgiret @edeantoniog @MukulDevichand @zillahwatson @AuraLindeberg @uebermedien 3. Our factsheet on #Brexit showed that 58% of Leave voters get their news from pro-Leave newspapers but only 1% get ALL their news from pro-Leave newspapers. The proportion is similar on the Remain side
reutersinstitute.politics.ox.ac.uk/risj-review/ho…
Read 10 tweets

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