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Ruby🇺🇸♥️ @Patriotess_Ruby
, 19 tweets, 12 min read Read on Twitter
Four Defendants Charged in Panama Papers Investigation for Their Roles in Panamanian-Based Global Law Firm’s Decades-Long Scheme to Defraud the United States…
4 have been charged in an indictment unsealed today in So. District of NY w/ wire/tax, money laundering & other offenses in connection w/ alleged roles in a decades-long criminal scheme perpetrated by #MossackFonseca & Co. a Panamanian-based global law firm, and related entities
Ramses Owens, 50, a Panamanian citizen; Dirk Brauer, 54, a German citizen; Richard Gaffey, a U.S. citizen, of Medfield, Massachusetts; and Harald Joachim Von Der Goltz, 81, a German citizen, have been charged in an 11-count indictment.
Owens, Gaffey & Von Der Goltz are charged with 1 count of conspiracy to commit tax evasion, 1 count of wire fraud, & 1 count of money laundering conspiracy. Owens & Brauer have been charged with 1 count of conspiracy to defraud USA & 1 count of conspiracy to commit wire fraud.
Gaffey and Von Der Goltz are additionally charged with four counts of willful failure to file an FBAR. Von Der Goltz has been additionally charged with two counts of making false statements.
Three of the four defendants named in the indictment have been arrested. Brauer, who worked as an investment manager for Mossfon Asset Management, S.A., an asset management company closely affiliated with Mossack Fonseca, was arrested in Paris, France, on Nov. 15.
Von Der Goltz, a former U.S. resident and taxpayer, was arrested in London, United Kingdom, on Dec. 3. Gaffey, a U.S.-based accountant, was arrested in Boston, Massachusetts earlier today. Owens, a Panamanian attorney who worked for Mossack Fonseca, remains at large.
Law firms, asset managers & accountants play key roles enabling entry into global financial system. Charges announced today demonstrate the commitment to prosecute professionals who facilitate financial crime across international borders & tax cheats who utilize their services.
For decades, defendants, employees & a client of global law firm #MossackFonseca allegedly shuffled #millions of 💵 through #OffshoreAccounts & created #ShellCompanies to hide fortunes. As alleged, they had a playbook to repatriate un-taxed money into the U.S. banking system.
From in or about 2000 through in or about 2017, Owens and Brauer conspired with others to help U.S. taxpayer clients of #MossackFonseca conceal assets/investments & income generated by those assets & investments, from the IRS through fraudulent, deceitful & dishonest means
The names of #MossackFonseca’s clients generally did not appear anywhere on the incorporation paperwork for the #ShamFoundations or related #ShellCompanies, although the clients in fact beneficially owned, and had complete access to, the assets of those #ShamEntities and accounts
As structured by #MossackFonseca, the #ShamFoundations typically “owned” the #ShellCompanies that nominally held the undeclared assets on behalf of the U.S. taxpayer #clients of #MossackFonseca.
In furtherance of the scheme & in exchange for additional fees, #OwensAndBrauer allegedly provided support to clients who had purchased the #ShamFoundations and related #ShellCompanies by providing corporate meeting minutes, resolutions, mail forwarding, and signature services.
Moreover, #OwensAndBrauer are alleged to have purposefully established the #BankAccounts in locations with #StrictBankSecrecyLaws, which impeded the ability of the United States to obtain bank records for the accounts.
#Gaffey in addition to assisting Von Der Goltz evade U.S. income taxes, worked w/ #Owens 2 help another U.S. taxpayer #Client1 of #MossackFonseca defraud the IRS. #Client1 allegedly kept a series of #OffshoreBankAccounts #MossackFonseca helped #Client1 conceal from IRS for years
Upon the advice of #Owens and #Gaffey, #Client1 covertly repatriated approximately #3MillionDollars of #Client1’s #OffshoreMoney to the United States by falsely stating on #Client1’s federal tax return that the money represented proceeds from the sale of a company.
After #Client1 repatriated approximately #3MillionDollars in this manner, approximately #1MillionDollars still remained in #Client1’s #OffshoreAccount, the existence of which remained hidden from the IRS.
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