The Panama Papers: Hackers Reveal Law Firm's Many Tax Haven Clients

[hobbsyoyo]

At least I don't defend war profiteers and opportunist toads like.some artificial Argentines posing as patriots.

Are you really taking a swipe at Tak for no reason?

 

[Commodore]

You can't disprove a negative. So, all we have is what a shamefully disreputable "journalist" group of 300 says about 11-1/2 million documents. So, be dodgy. Even wikileaks says it's a set-up. If you lost wikileaks, you lost the world.

And, btw, Baaaaaa to you, too.

Translation: "I have no solid evidence to back up my outrageous claims, so I'm just going to call everyone who disagrees with me a mindless sheep so I can go on feeling intellectually superior without actually having to examine the validity of my own assertions."

 

[gay_Aleks]

You baastard.

 

[Ajidica]

You baastard.

That's a very baaaad argument.

 

[ReindeerThistle]

I'm going to go out on a lamb here and remind you all on OT that I have been pretty much correct about most of these foci of media interest. In time, y'all will see.

Also, none of the named people have been accused of doing any crimes as a result of this "disclosure." This is a red herring.

 

[sophie]

lamb? red herring? you posting while hungry bro?

 

[Hygro]

I'm going to go out on a lamb here and remind you all on OT that I have been pretty much correct about most of these foci of media interest. In time, y'all will see.

Also, none of the named people have been accused of doing any crimes as a result of this "disclosure." This is a red herring.

Erm I'm confused—you said this is a reminder, but I don't have a memory of any repeated vindication to be reminded of. Is this a reference to when you spontaneously declare thread victory after liking your own points?

 

[hobbsyoyo]

lamb? red herring? you posting while hungry bro?

shut up stupid sheeple.

pssh fake.american

 

[Commodore]

I'm going to go out on a lamb here and remind you all on OT that I have been pretty much correct about most of these foci of media interest. In time, y'all will see.

Also, none of the named people have been accused of doing any crimes as a result of this "disclosure." This is a red herring.

What have you been correct about in the past that everyone else here was wrong about? Provide links to all relevant posts or I'm going to continue to assume you are still talking out of your butt. You don't just get to make bold claims like this without backing them up and expect us to take your word for it.

 

[hobbsyoyo]

What have you been correct about in the past that everyone else here was wrong about? Provide links to all relevant posts or I'm going to continue to assume you are still talking out of your butt. You don't just get to make bold claims like this without backing them up and expect us to take your word for it.

And you're one of the very few posters with a demonstrated ability to change your stance with confronted with contrary evidence.

Not that it matters in this particular confrontation because RT thinks you're a sheeple but still.

 

[ReindeerThistle]

Counting all of your troll posts is literally putting me to sleep.

My evidence was provided in my first post on this link. Y'all don't GaS about what I think, anyway. You are ghosts.

 

[Birdjaguar]

So tell me RT, how was attorney Client privilege broken?

 

[sophie]

Counting all of your troll posts is literally putting me to sleep.

My evidence was provided in my first post on this link. Y'all don't GaS about what I think, anyway. You are ghosts.

Really enlivening discussion there, chief.

 

[Hygro]

Counting all of your troll posts is literally putting me to sleep.

My evidence was provided in my first post on this link. Y'all don't GaS about what I think, anyway. You are ghosts.

Your first post has all the evidence we are asking you for regarding all the times we saw you be right?

If we didn't GaS why were there 3 responses to your post?

 

[classical_hero]

I'm not sure who 'us' and 'them' are. And no, I don't wonder why smaller banks are bought by bigger banks. It's called acquisition - and sometimes it backfires. So basically you are saying Capitalism is eliminating the competition? What's new or revealing about that?

What i am saying is that regulations are made that favour the bigger banks and do a disservice to smaller banks so that they can't compete with the bigger banks since they have to go through all these regulations that often bigger banks don't have to go through, which makes them uncompetitive making the only choice is that they sell up since they can't make a profit like the big banks do. If there are any new regulations to come out of this, it will only profit the big corporations,

 

[ReindeerThistle]

Panama firm files complaint against global hacking

PANAMA CITY: One of the founders of the law firm at the center of the explosive "Panama Papers" revelations on off-shore holdings told AFP on Tuesday his company was hacked by servers abroad.

Ramon Fonseca said the firm Mossack Fonseca had lodged a criminal complaint with Panamanian prosecutors on Monday over the breach.

He added that in all the reporting so far "nobody is talking of the hack, and that is the only crime that has been committed."

In a telephone message responding to AFP questions, Fonseca said: "We have lodged a complaint. We have a technical report that we were hacked by servers abroad."

He did not specify from which country the hack was carried out.

Fonseca also rued the fact that reporting on the 11.5 million documents taken from Mossack Fonseca's computer system focused on the high-profile clients who had used the law firm to set up offshore companies to hold their wealth.

"We don't understand. The world is already accepting that privacy is not a human right," he said.

The hack has badly shaken Panama's financial services sector, which relied on discretion to do its business.

With high-profile politicians, sports stars, celebrities and a few criminals revealed to have used Mossack Fonseca to set up offshore entities, scrutiny on the small Central American nation has suddenly ramped up.

But the law firm and the government have stressed that offshore companies are not, in themselves, illegal, and that Mossack Fonseca was not responsible for what its clients used them for.

The government, which has recently seen through reforms to get the country taken off an international list of states seen as money-laundering hubs, is mounting a fierce defense of the financial sector, which contributes seven percent of gross domestic product.

 

[Agent327]

A wee bit late, but that's indeed the only crime that's so far been committed.

Attorney-client privilege is recognised in international law. See the Permanent Court of Arbitration's provisional ruling in Dr Horst Reineccius et al v Bank for International Settlements, and the pending East Timor v Australia ICJ case. It's also a general principle of domestic law which would find recognition in international law (if it hadn't already) under ICJ Art 38(1)(c).

Though it should be said that I'm actually sure what international law has to do with this, and in any case, generally attorney-client privilege doesn't allow for the concealment of illegal activities.

Indeed. It's nice that attorney-client privilege is recognized in international law (frankly it would be odd if it weren't), but it doesn't pertain to international law. It pertains, as one might guess, to clients and their attorneys.

 

[Cheetah]

This is just the start. There's gonna be regular new stories coming out over the next fourteen days. the US and Canada (and hopefully Norway please) are sure to be represented as well.

Just give it a bit of time. There's a lot to go through, and releasing everything at once would just make the stories drown out each other.

As I said:

https://www.washingtonpost.com/investigations/panama-papers-include-dozens-of-americans-tied-to-financial-frauds/2016/05/09/d199bfa2-12d3-11e6-81b4-581a5c4c42df_story.html

Panama Papers include dozens of Americans tied to financial frauds

[...] On Monday, ICIJ made public a searchable database containing the names of thousands of offshore companies and the individuals connected to them in the Panama Papers.

Some of the Americans have been convicted of fraud or other crimes. They include Martin Frankel, a Connecticut financier who pleaded guilty in 2002 to 20 counts of wire fraud as well as counts of securities fraud and racketeering conspiracy, and Andrew Wiederhorn, an Oregon corporate executive who pleaded guilty to two felonies in a case tied to one of the largest corporate scandals in Oregon history. Frankel could not be reached for comment. Wiederhorn said the offshore company linked to him in the Mossack Fonseca files was used for legitimate overseas real estate investments.

Others have been sued in civil cases launched by securities regulators or private plaintiffs. Among them are six Americans who were accused in a lawsuit in federal court in Washington state of using an offshore company set up through Mossack Fonseca, Dressel Investment Ltd., to run a Ponzi scheme that cost thousands of middle-class Indonesians nearly $100 million. Mossack Fonseca resigned as Dressel’s registered agent after hearing complaints from the investment firm’s angry customers. [...]

 

[Takhisis]

What? We've already been assured that the US is a superior place whose citizens do not engage in this type of activity.

 

[Hygro]

shhhh go back to sleep honey