Article courtesy of Los Angeles Times, written by Matt Pearce.
The story starts with a Panama-based law firm, Mossack Fonseca, which sets up shell companies in offshore tax havens to protect the global elite.
After an anonymous insider leaked a vast trove of the firm’s documents to a German newspaper more than a year ago, hundreds of journalists from dozens of news outlets in more than 80 countries teamed up to investigate how the world’s rich and famous – as well as the infamous – move their money around and hide their wealth.
The leaked files are called the “Panama Papers.” And the first round of stories published this weekend has already rattled governments and public figures around the world, with the news outlets led by the International Consortium of Investigative Journalists promising more to come.
Here’s a look at some of the most prominent world figures who have been implicated so far. READ MORE