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(ICIJ)   Someone just leaked to investigative journalists 260 gigabytes of data containing 30 years worth of records for over 100,000 offshore shell companies and trusts in 186 countries linked to some of the world's most powerful people. Let the games begin   (icij.org) divider line 70
    More: Interesting, Let the Games Begin, shell companies, Realnetworks Realplayer, British Virgin Islands, Phuket, trusts, labyrinths, Azerbaijan  
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5523 clicks; posted to Main » on 04 Apr 2013 at 1:44 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-04 12:10:31 PM  
Meh.

Nothing will happen. Corporations are people, my friends.
 
2013-04-04 12:20:14 PM  
Such fun to be had.
 
2013-04-04 12:33:05 PM  
I hope somebody Ctril-F 's the Data for "Romney".  Yes he's not going to be president, but I still want to see his tax returns
 
2013-04-04 12:34:27 PM  
Good luck with that. No, really, I wish them luck, but I have a feeling that the folks that might be compromised are already lawyered up beyond much hope of touching them...
 
2013-04-04 12:36:09 PM  
If you think this wont get swept under the rug, i have many bridges to nowhere to sell you.

The people who would look into this are prbably already paid for.
 
2013-04-04 12:41:24 PM  
HOLY CRAP!!! A CELEBRITY JUST GOT PREGNANT FROM HAVING WEIRD SEX!!!! YOU GOTTA CHECK THIS OUT!!!! WHAT DOES THIS MEAN FOR OBAMA????
 
2013-04-04 12:42:28 PM  
The fact that this is being greenlit to such a high-traffic region of Fark as the business tab is plenty of evidence for how seriously this will be taken.
 
2013-04-04 12:43:30 PM  
So what?  The people who would get in trouble are above the law. The most you could hope for would be a slap on the wrist. And then only if you manage to get a reasonable level of outrage from the general public.  The same general public that only really cares if there's an interruption in their supply of fried salted lard and American Idol.
 
2013-04-04 01:11:31 PM  

Pocket Ninja: The fact that this is being greenlit to such a high-traffic region of Fark as the business tab is plenty of evidence for how seriously this will be taken.


That would probably be submitter's fault for submitting it to the wrong tab.
 
2013-04-04 01:32:27 PM  
Meh, like they go after their country club buddies.
 
2013-04-04 01:33:04 PM  
Already a top Mongolian lawmaker has resigned. The dominoes are falling.
 
2013-04-04 01:38:02 PM  
Done in one.
 
2013-04-04 01:40:33 PM  

Honest Bender: So what?  The people who would get in trouble are above the law.


It's not that there above the law, you see. If we arrest them, the economy will collapse.

Why do you hate the economy?
 
2013-04-04 01:50:01 PM  
And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.
 
2013-04-04 01:52:41 PM  
I used to work in a offshore banking jurisdiction.  I used to daydream about doing this.   However nothing will happen.   Sadly, like the war on drugs the people on top are making money.
 
2013-04-04 01:58:16 PM  
I can actually see this reviving a few cold cases, and possibly leading to nations being able to say, "That money there, that's ours."

And maybe we'll finally get to name a few names, point at them and say, "Liar liar, pants on fire."
 
2013-04-04 02:00:22 PM  
Is it possible that nations like Spain and Greece and so on will go after the wealthy in their nations that are on this list? They have all the money, right?
 
2013-04-04 02:04:25 PM  
I also love how many guys gave up their US citizenship before Facta came into effect.   They would have to start paying taxes if they just declared it in 2009, if you didn't in 2011 you owed back taxes.   Boom the rats jumped ship.   http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compli a nce-Act-%28FATCA%29   With all this proof now the IRS can go after those men/women even if they are in Europe!     LOng arm of the law biatches.

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compl ia nce-Act-%28FATCA%29
 
2013-04-04 02:05:06 PM  
Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.
 
2013-04-04 02:12:15 PM  

hubiestubert: Good luck with that. No, really, I wish them luck, but I have a feeling that the folks that might be compromised are already lawyered up beyond much hope of touching them...


That's why it went to journalists not the DoJ. Court of public opinion doesn't give a rat's a$$ about laywers. The less you say, the guiltier you are.
 
2013-04-04 02:14:41 PM  
The only person likely to go to jail is the one who leaked the info.  If you're rich, you're untouchable.
 
2013-04-04 02:14:50 PM  

Lost Thought 00: Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.


you are are partially correct, there are ways to do it legally.
It Should be illegal though
 
2013-04-04 02:15:06 PM  

Lost Thought 00: Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.


Tax evasion is illegal in the US.
 
2013-04-04 02:16:54 PM  
United States
Denise Rich
Songwriter

Couldn't give us someone a little more connected?
 
2013-04-04 02:17:35 PM  
Not enough higher profile names of North Americans on the list in the article.

Oh and heres every politician who owns a stake in the Keystone, Enbridge tar sands oil pipelines

U.S./Canada congress.
U.S./Canada senate.
Canada number 1 sweatervest man, Jaques Poutine.

Oh wait a second. They deny any knowledge, so instead every single one of their accountants and lawyers who created the blind trusts can go to prison instead.
Justice served. Close enough. Executions for their destroying economies, optional.
 
2013-04-04 02:25:32 PM  
www.cyberpunkreview.com
 
2013-04-04 02:27:39 PM  

PsyLord: [www.cyberpunkreview.com image 303x164]


Dude. I love that movie.
 
2013-04-04 02:29:56 PM  

justtray: Lost Thought 00: Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.

Tax evasion is illegal in the US.


only if you are poor
/sad but true
/wall, guns
 
2013-04-04 02:32:50 PM  

justtray: Lost Thought 00: Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.

Tax evasion is illegal in the US.


But tax avoidance is not.  "The legal right of an individual to decrease the amount of what would otherwise be his taxes or altogether avoid them, by means which the law permits, cannot be doubted."
 
2013-04-04 02:35:10 PM  
journalists will use this information to leverage a higher paycheck to keep quiet because there's no such thing as investigative journalism anymore?
 
2013-04-04 02:35:30 PM  
SS DD.

This has been going on since the Rothschild's, at least.  Maybe the Medici's.

The only thing this will be useful for is when the credit card house falls, we'll be able to identify the financial corpses.
 
2013-04-04 02:38:46 PM  

whither_apophis: hubiestubert: Good luck with that. No, really, I wish them luck, but I have a feeling that the folks that might be compromised are already lawyered up beyond much hope of touching them...

That's why it went to journalists not the DoJ. Court of public opinion doesn't give a rat's a$$ about laywers. The less you say, the guiltier you are.


Problem is the court of public opinion doesn't give a rats ass about facts, because public opinion is determined by clueless idiots.

Look at this thread. There is already an assumption that nothing will come from this, because the criminals are too powerful. Of course, the more likely reason for a lack of prosecutions is that no crimes were committed or can be proven. But conspiracy delusions are more appealing to the simpleminded.

That said, tax cheats should be pursued and prosecuted.
 
2013-04-04 02:42:36 PM  

PsyLord: [www.cyberpunkreview.com image 303x164]


Well, the US does claims itself as a beacon (of freedom) and Congress does give the financial sector head whenever it wants...
 
2013-04-04 02:45:12 PM  

nocturnal001: And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.


You already paid to bail out their companies and give them bonuses, i don't kow why you'd suddenly get upset now.
 
2013-04-04 02:49:15 PM  

Debeo Summa Credo: Look at this thread. There is already an assumption that nothing will come from this, because the criminals are too powerful. Of course, the more likely reason for a lack of prosecutions is that no crimes were committed or can be proven. But conspiracy delusions are more appealing to the simpleminded.

That said, tax cheats should be pursued and prosecuted.


Well in fairness, we caught a bank laundering money for drug cartels and the entire fallout was a fine of about 10% of their entire take of the illegal cash. We were told this was a great victory.
 
2013-04-04 02:53:00 PM  
Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.
 
2013-04-04 02:56:02 PM  
Paging Mr. Bill...Mr. Dollar Bill...you're needed at the White House and Capitol...please bring bribes...Paging Mr. Dollar Bill

Bribes will be paid. Commissions launched. Pardons signed. Just ask SOVIET SPY  Armand Hammer.
 
2013-04-04 02:57:27 PM  

wildcardjack: So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately.


Yeah because that was going to happen.
 
2013-04-04 02:59:51 PM  

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.


Do you really think it matters? Do you really think the DoJ in the US or Canada would move on this, even if it was done scrupulously through all the correct channels? Court of public opinion is basically the only place you can touch these people.
 
2013-04-04 03:00:33 PM  

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.


Fark them. They were going to sit on their ass and do jack shiat anyway.
 
2013-04-04 03:05:39 PM  
Link is coming up blank.  Did anyone actually read this one?  Is there anything actually there?
 
2013-04-04 03:06:25 PM  
I guess we're going to war with North Korea sooner than later.
 
2013-04-04 03:13:44 PM  

jaybeezey: nocturnal001: And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.

You already paid to bail out their companies and give them bonuses, i don't kow why you'd suddenly get upset now.



I've been upset the whole time. Particularly as somebody in the second highest bracket that get's to listen to people in lower brackets bemoan how unfair it is that the rich guys are being screwed over.

Me - It's crap that somebody like Romney pays just 14% (likely much less most years)
Derp - Well whatever, he paid a total dollar amount much more than you did so STFU
Me - Umm, ok well you do realize that I paid a higher % than you AND a higher dollar amount
Derp - Cry me a river guy! Boo hoo, poor you.
 
2013-04-04 03:14:20 PM  
 
2013-04-04 03:15:52 PM  
The Kleptocracy is not amused.

Take care, journos
 
2013-04-04 03:25:44 PM  

rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.


Which Mongolians?
 
2013-04-04 03:32:19 PM  

Priapetic: rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.

Which Mongolians?


I think the resignation was related to a wall tearing-down incident -- not money laundering.
 
2013-04-04 03:34:04 PM  

Priapetic: rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.

Which Mongolians?


The stupid ones that tore down the shiatty wall...
 
2013-04-04 03:36:36 PM  

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.


Hmm.  Any particular reason Burdeau v. McDowell, 256 U.S. 465 (1921) wouldn't apply?

http://american-civil-liberties.com/cases/3261-burdeau-v-mcdowell-25 6- us-465-1921.html
 
2013-04-04 04:01:19 PM  

Pocket Ninja: The fact that this is being greenlit to such a high-traffic region of Fark as the business tab is plenty of evidence for how seriously this will be taken.


You're here, PN, and that's all that really matters, right?
 
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