“Mossack Fonseca, a prominent law firm headquartered in Panama—with offices in 36 other jurisdictions—sprung a leak last year. That leak produced approximately 11.5 million documents revealing over 200,000 entities and 14,000 clients, surfacing relationships that had remained behind a veil of secrecy and attorney-client privilege. The leaked emails and documents reveal a wide spectrum of clientele—from politicians to celebrities, athletes, the ridiculously wealthy and powerful, and corporations—who have been turning to the firm for decades to create offshore shell companies, corporate vehicles that leave virtually no ownership footprint.” Fusion
