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Who Uses the Offshore World

Business  (tags: offshore companies and trusts, Int'l Consortium of Investigative Journa, huge collaborative effort, secrecy, findings so far, examples )

- 1877 days ago -
Secret records obtained by the International Consortium of Investigative Journalists reveal tens of thousands of people in more than 170 countries and territories linked to offshore companies and trusts. Here are some examples from around the world:

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Kit B (276)
Thursday April 4, 2013, 7:05 pm

Fascinating, it's everyone who managed to steal, bribe or take elections and shady money, scurrying off the Tax havens. One all encompassing International that favors none, requires reporting to the country they stole from, could interrupt and may be end these tax cheats.

Ancil S (175)
Thursday April 4, 2013, 9:37 pm
Thank God we're not part of that "in" crowd.

Past Member (0)
Friday April 5, 2013, 2:49 am
Bloody great post Judy

Rose Becke (141)
Friday April 5, 2013, 3:14 am
They make me sick how can they sleep at might

Sheryl G (360)
Friday April 5, 2013, 7:30 am
Not all, but many have former accusations against them, I'm sure their money has helped them avoid many things, that they should be using Tax Havens should not be a surprise. This I'm sure is the tip of the iceberg, some of the list I placed below, does not belong to one, but took out one item from most of them. Yet all around the world the poor struggle and if caught with a piece of bread to feed a starving child would be given the full measure of the law.

Accused of embezzling up to $5 billion from a state-owned Kazakhstan bank in what British media describe as the biggest fraud in history, Ex-wife of the United States’ most famous tax fugitive, Marc Rich, Ex-wife of the United States’ most famous tax fugitive, Marc Rich, who was controversially pardoned by former President Bill Clinton on Clinton’s last day in office, he has helped organized huge mining projects in Zimbabwe that “benefit a small number of corrupt senior officials.”

Accused of criminal conspiracy by India's principal anti-corruption enforcement agency, the Central Bureau of Investigation, arrested in 2007 for leading a unit that illegally obtained data of 4,000 people, including politicians and journalists, accused of abusing his extensive political powers to enrich his family and key business associates.

Was accused of receiving illicit payments as part of an alleged land scam. He was later acquitted amidst what Pakistan's Supreme Court said was intense government interference in the investigation, diplomats have linked him to arms and drug trafficking and to reputed Russian mob boss, exiled in Dubai, accused of influence-peddling in two high-profile scandals, including in a case in which they acquired land in an area whose value skyrocketed after authorities granted it tax-free status.


Tim C (2420)
Friday April 5, 2013, 2:10 pm

jan b (5)
Friday April 5, 2013, 2:28 pm
When hoarders have storage units and are over-run with too many pets or garbage or "things" in their homes we get the officials after them & offer psychological help but when people hoard so much money they need to "store" it overseas we put them on the cover of Fortune 500 magazine.

Judy C (97)
Friday April 5, 2013, 4:40 pm
Thanks for your comments, everybody, and they're so true. These people are the scum of the earth. All their assets should be seized and redistributed to their countries' people. We should put them on an island, and house them in some shabby, vermin-infested welfare hotels. Let them survive on a lifestyle like people living on minimum wage and food stamps for the rest of their lives. Seriously, though, I love this information coming to light.

Sherri G (128)
Saturday April 6, 2013, 2:08 am
Thank you Judy for reporting on this. I have been following this closely and the International Consortium of Investigating Journalist are running a 2 week expose on Corporations stashing their money in other countries. They said they have collected so much information it is going to take hours and hours of analysis. They also said they cannot so far find any violations of laws. Easy enough to believe since corporations buy politicians and A.L.E.C to assure all laws support any and all corporate objectives. I think this is being broadcast on public broadcasting. Urge everyone to follow this closely and generate petitions to let corporations know the people know what they are doing. Thanks Judy.

Sherri G (128)
Saturday April 6, 2013, 2:10 am
Thanks Dandelion for your comments on this article very interesting.

Robert O (12)
Saturday April 6, 2013, 10:48 am
These people all should be ashamed of themselves for being so greedy. Love of money is the root of all evil and this article helps highlights that and puts names and faces to the evil. It's no surprise many of them didn't return requests to comment (they knew they have no leg to stand on) and those few that did had the flimsiest excuses for their actions. My blood is boiling! Thanks Judy.

Jelica R (144)
Saturday April 6, 2013, 12:45 pm
I hope to find names of politicians who, while serving for public good, managed to stash some money into their illegal offshore pension funds. We all know some of them are nicknamed Mr. 3%. Sadly, it will take months to organize a searchable database ... we'll have to wait.

Judy C (97)
Saturday April 6, 2013, 3:41 pm
This is infuriating, Robert. These people probably think they're entitled to do this. Like Janice says, these people are hoarders of money, and they get rewarded for it. At least they may be embarrassed by the publicity.

Sherry, I don't have any experience with creating petitions, but we do need some. This story was on the PBS NewsHour last night, and I posted it on C2nn:

Journalists Expose Trove of Hidden Offshore Bank Accounts Around the World

We will have to wait for this mountain of data to be organized, and like you say Jelica, there will no doubt be politicians, including Romney, on the list.

Anna Undebeck (256)
Sunday April 7, 2013, 6:51 am
Thanks Judy!

Kerrie G (116)
Sunday April 7, 2013, 8:26 am
Noted, thanks.
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