What the heck are the Panama Papers? Lets hold off for moment and stress the fact that it is perfectly legal to establish an off shore company or an off shore trust for many countries including the United States. What is illegal, however, is using offshore trusts to hide assets from known creditors or for evading taxation: So I guess from this you can figure out what the Panama Papers are all about that have been leaked and already the Prime Minister of Iceland has resigned and President Putin of Russia has a lot to answer for as to his overseas fortune.
The following was posted by Kelly Phillips Erb, published by Forbes:
“But what, exactly, are the Panama Papers? Here’s what you need to know.”
“The Panama Papers are documents which were leaked from Mossack Fonseca, a Panama-based law firm which, according to its website, offers “comprehensive legal and trust services.” The website goes on to say that the firm offers “research, advice and services for the following jurisdictions: Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming (USA).” Some of those jurisdictions have been labeled tax havens – including Panama.”
“The number of documents involved in the leak is staggering: 11.5 million confidential documents, constituting financial and legal records. It is thought to be one of the largest such leaks ever: even bigger than the info shared by Edward Snowden. The documents take up 2.6 terabytes in computer storage. For context, 1 terabyte of data could be stored on about 1400 CD-ROMs or 220 DVDs.”
My common sense tells me for so many documents to be involved means that there is hiding of monies and taxes what the heck else can it be? Now it has been disclosed that Hillary Clinton and the Clinton’s are involved and there are many in the Clinton camp starting to get nervous what with all the other Clinton Shenanigan’s going on. One has to start thinking that wherever there is a money scheme somewhere Hillary will be invoked in it one way or the other.
The following was published by The Horn News: “Now it looks like the growing scandal could claim another victim — current Democratic frontrunner Hillary Clinton.”
“Researchers have discovered a scandalous link between Clinton’s campaign and an allegedly corrupt Russian bank — and it could raise serious questions as her presidential campaign rolls forward.”
“The fact that the Panama Papers have revealed that Clinton campaign associates have been retained to work on behalf of Russian banks — and against American interests — could spell long-term trouble for her campaign.”
“In particular, it is certain to revive concerns about massive amounts of foreign money that the Clinton Foundation and former President Bill Clinton received from foreign entities during Hillary Clinton’s time as secretary of state.”
“There have long been accusations that the Clinton’s were essentially offering influence to large foundation donors.”
The Panama Papers are complicated because of it’s enormousness but it’s not that complicated to understand that Hillary Clinton is using it to hide trafficking of monies but now that has been leaked out also. The FBI investigation seems like it’s going to be never ending if they are to find the whole following the money story of the Clinton’s because there will be no dead end, the only dead end I see is prison.