'Panama Papers' trial starts. 27 people charged in the worldwide money laundering case

[BumRushDaShow]

Source: AP

Updated 12:30 PM EDT, April 8, 2024


PANAMA CITY (AP) — The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

The Panama Papers include a collection of 11 million secret financial documents that illustrate how some of the world’s richest people hide their money. The repercussions of the leaks have been far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others.

The often-delayed trial opened Monday, with lawyers Juergen Mossack, Ramón Fonseca and other ex-employees of the firm facing money laundering charges. Mossack was present in the courtroom; lawyers for Fonseca said he was in a hospital in Panama.

The case centers on allegations the firm set up shell companies to acquire properties in Panama with money from a sprawling corruption scheme in Brazil known as the Car Wash, or Lava Jato in Portuguese.

Read more: https://apnews.com/article/panama-papers-trial-money-laundering-ff16769071b2535ad3678c8099ad0e9e

[True Dough]

1. Eight years later!

Justice grinds sooooo slowly!

[FakeNoose]

2. Start by publishing the "secret" files of these shell companies

Let's make Solar Eclipse Day the beginning. Throw sunshine on these shady characters and their rich-as-fuck clients.

[moniss]

3. The way Central America

has been over the last 150+ years anything regarding corruption has been very easy. I was just reading a reference on Guatemala and it's little wonder that major media doesn't want to cover the "why" of people desperate to leave and try to get here. Least of all do they want to kick the hornet's nest about the "who" behind the "why". The open genocide against the Maya people in Guatemala for example is still not accounted for. Every time some people do make some headway they end up dead.

[KS Toronado]

4. There's been rumors of TSF money laundering back to the mid '80s

Since Putin is named I'm surprised TSF isn't. What ever happened to that secret server that was only connected
to a couple places that was found in tRump Tower?

[SupportSanity]

5. The criminal law firm created 240,000 shell companies

across 4 decades according to abcnews.go.com

[Hotler]

6. Kick and R .... nt