Author Topic: they know what you are doing  (Read 127577 times)

space otter

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Re: they know what you are doing
« Reply #690 on: April 06, 2016, 07:02:24 AM »

Canadian Press
Jill Lawless And David McHugh2 hrs ago

Scrutiny on officials worldwide increases in offshore leaks
China and Russia, meanwhile, suppressed news of the leaks and rejected any allegations of impropriety by government officials named in the release of more than 11 million financial documents from a Panamanian law firm.

The reports are from a global group of news organizations working with the Washington-based International Consortium of Investigative Journalists. They have been processing records from the Mossack Fonseca law firm that were first leaked to Germany's Sueddeutsche Zeitung newspaper.

One of the firm's co-founders, Ramon Fonseca, said it has filed a complaint with Panamanian prosecutors, alleging that the data was stolen by a hacking attack from somewhere in Europe, but he declined to give any details.


Associated Press
By WILL WEISSERT, Associated Press7 hrs ago
Panama Papers could add to outrage in presidential race

AUSTIN, Texas — The Panama Papers, which illustrate how a small class of global elites find elaborate ways to shield their wealth from tax collectors, bank regulators and police, offer a glimpse into what's driving the populist outrage that has marked this year's presidential campaign.

The trove of 11.5 million leaked documents have thus far shed light mostly on foreign figures such as the prime minister of Iceland, who resigned Tuesday after the public learned that he used a shell company to shelter large sums of money while his country's economy foundered.


Mirren Gidda3 hrs ago

Panama Papers: British Banker Funded North Korean Arms

The British banker Nigel Cowie, who lived in North Korea for over two decades, allegedly set up an offshore company used by Pyongyang to expand its nuclear weapons program and sell arms. News of his involvement came to light following Sunday’s leak of the Panama Papers, which have shed light on global offshore finance arrangements.

Cowie moved to North Korea in 1995, rising to become head of Daedong Credit Bank (DCB), the country’s first foreign bank, the Guardian reports. In 2006, he led a group of investors that bought a 70 percent stake in the bank. That same year, Cowie registered an offshoot of DCB in the British Virgin Islands, which law firm Mossack Fonseca— whose clients make up the Panama papers —incorporated.

In 2013, the U.S. imposed sanctions on the company, claiming that it provided financial services to institutions central to North Korea’s arms race, Reuters reports. The offshoot also, the U.S. alleges, carried out international financial transactions with countries trying to avoid North Korea. Mossack Fonseca didn’t notice Cowie’s links to North Korea—despite him giving an address there—until 2010 when it resigned as agent.

Cowie, who sold his stake in the bank in 2011, has said via his lawyer that he was unaware of operating “with any sanctioned organisation or for any sanctioned purpose, during his tenure.”


space otter

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Re: they know what you are doing
« Reply #691 on: April 06, 2016, 05:16:55 PM »
fire and pitchforks rich folk run

The Leaked ‘Panama Papers’ Expose The Dirty Dealings Behind Syria’s War
The Assad cronies who got rich and crushed dissent had no problem moving their money offshore.
04/06/2016 05:27 pm ET


This Bank Got Caught In The Middle Of Two Massive Corporate Scandals In One Week

It hasn’t been a good few days for HSBC.

? 04/06/2016 05:47 pm ET | Updated 1 hour ago

When leaked documents expose dirty money or hidden wealth, international lender HSBC has an unfortunate knack for being involved.

In the last five days, the bank has been linked to two massive global corruption scandals: first, the Unaoil email leak, which exposed how middlemen paid officials to help huge corporations obtain contracts — and then, the leaked trove of documents known as the Panama Papers, which revealed in astonishing detail the offshore financial holdings of the world’s rich and powerful.

Documents from the Unaoil leak showed that HSBC helped American energy giant KBR and British oil company Petrofac get work on one of the biggest new oil fields in the world by routing their money to the Monaco-based firm Unaoil. The Huffington Post’s Zach Carter reported that the money then made its way to a consultant working for Kazakhstan’s state-owned oil company.


Panama Papers

Panama Papers reveal offshore secrets of China’s red nobility
Disclosures show how havens such as British Virgin Islands hide links between big business and relatives of top politicians
The Panama Papers revelations so far
French villa at the heart of a scandal


Swiss Police Raid UEFA Headquarters After Panama Papers Leaks

The impact of the leaked documents from a Panamanian law firm is snowballing.

? 04/06/2016 11:14 am ET | Updated 6 hours ago

« Last Edit: April 06, 2016, 05:20:54 PM by space otter »

Offline Sinny

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Re: they know what you are doing
« Reply #692 on: April 06, 2016, 05:34:32 PM »
Live running commentary on the Panama Papers and their UK implications:

For more on the Cameron family finances, do read this feature in the Daily Mail by Isabel Oakeshott (co-author with Lord Ashcroft of the partially-damning Cameron biography, Call Me Pig friger Dave).

Here’s an excerpt.

When Ian died, suddenly on holiday in France, his estate was valued at just £2.74million. Crucially, however, his will only detailed his UK assets. In April 2015, a Channel 4 investigation confirmed what many had long suspected: that he had left money squirrelled away in Jersey. Quite how much is unknown, but the ‘grant of probate’ filed in Jersey (The UK's pedophile safe haven) and attached to his will would only have been required for assets of more than £10,000. Cameron’s father also had financial links to Switzerland – raising the possibility that the family retains assets there.

All this would be enough to put Cameron in a league well above the hard-working middle classes. It is Samantha’s money, however, that pushes the couple into the ranks of the super rich.

She, too, has made an art of underplaying it. In her twenties, she would tell people that her father Reggie was a ‘farmer’. In fact, Sir Reginald Sheffield is the eighth holder of a baronetcy that dates back to 1755, and has a property portfolio worth upwards of £20million. It includes 3,000 acres of arable land; a £5million stately home near York; a place in London; and the family seat in Lincolnshire, a Regency mansion called Normanby Hall.

This is the fourth statement from Number 10 on this issue. To recap, here are the other three.

1 - Monday morning

This is what the prime minister’s spokesman told journalists at the lobby briefing when asked if the Cameron family still had money in Cameron’s late father’s offshore fund.

That is a private matter. I will focus on what the government is doing.

2 - Tuesday afternoon

This is what Cameron himself said at the Q&A in Birmingham when he was asked by Sky if he or his family had derived any benefit from the fund in the past, or would do so in the future.

In terms of my own financial affairs, I own no shares. I have a salary as prime minister and I have some savings, which I get some interest from and I have a house, which we used to live in, which we now let out while we are living in Downing Street and that’s all I have. I have no shares, no offshore trusts, no offshore funds, nothing like that. And, so that, I think, is a very clear description.

3 - Late Tuesday afternoon

This is what a Number 10 spokesperson said later on Tuesday afternoon in response to complaints that Cameron had not fully answered the question.

To be clear, the prime minister, his wife and their children do not benefit from any offshore funds.

The prime minister owns no shares.

As has been previously reported, Mrs Cameron owns a small number of shares connected to her father’s land, which she declares on her tax return.

4 - Wednesday morning

The statement issued this morning was the fourth related to the Panama Papers revelations.

There are no offshore funds/trusts which the prime minister, Mrs Cameron or their children will benefit from in future.

City of London, additional:

Money Laundering and the City of London’s “Crime Scene”: Haven of Tax Havens for the Mega-Wealthy
By Graham Vanbergen

Global Research, April 05, 2016

First published in March 2016

When it comes to The City of London, the term ‘tax haven’ is not describing all that it should. It doesn’t just shield the mega-wealthy from paying their fair dues it goes further and offers a departure from the rule of law as you would know it. Secrecy is its raison d’être. These secrecy laws do not benefit the local people living in its jurisdiction but only those individuals and corporations with enough money and with something to hide.

The reality is that the City of London caters for those above the law, it operates on the basis of bypassing democratic society as a whole. This has come about over time where an extraordinary ‘gentlemens agreement’ has stood the test of time. The head of state and his/her governments have the need of large loans for wars and the like, the City, in exchange for such commodity has extracted certain privileges the rest of the population do not enjoy. The end result over the centuries is that it now has its own financial jurisdiction to do pretty much as it pleases.

A ‘watchman’ sits at the high table of parliament and is its official lobbyist sitting in seat of power right next to the Speaker of the House who is “charged with maintaining and enhancing the City’s status and ensuring that its established rights are safeguarded.” The job is to maintain order and seek out political dissent against the City.
The City of London has its own private funding and will ‘buy-off’ any attempt to erode its powers; any scrutiny of its financial affairs are put beyond external inspection or audit.

For over a hundred years the Labour party tried in vain to abolish the City of London and its accompanying financial corruption. In 1917, Labour’s new rising star Herbert Morrison, the grandfather of Peter Mandelson made a stand and failed, calling it the “devilry of modern finance.” And although attempt after attempt was made throughout the following decades, it was Margaret Thatcher who succeeded by abolishing its opponent, the Greater London Council in 1986.

Tony Blair went about it another way and offered to reform the City of London in what turned out to be a gift from god. He effectively gave the vote to corporations which swayed the balance of democratic power away from residents and workers. It was received by its opponents as the greatest retrograde step since the peace treaty of 1215, Magna Carta. The City won its rights through debt financing in 1067, when William the Conqueror acceded to it and ever since, governments have allowed the continuation of its ancient rights above all others.

The City effectively now stands as money launderer of the world, the capital of global crime. It is the heart and engine of the offshore haven, with Jersey, Guernsey and the Isle of Man its european collection centres, the caribbean and others hoovering up billions of American dollars from all over the globe. Whilst there are good and legal reasons for offshore accounts, It has a dark and shadowy client list; terrorists, drug barons, arms dealers, politicians, corporations and companies, millionaires, billionaires  – most with something to hide.

The Independent newspaper reported last July that The City of London is the money-laundering centre of the world’s drug trade, according to an internationally acclaimed crime expert. In addition, every notable financial expert now agrees that due to incredibly lax financial laws by the British government, the London property market is built largely on the laundered money of crime from all over the world involving hidden tax havens, most of which are British.

Her Majesty’s British Overseas Territories and Crown Dependencies make up around 25 per cent of the world’s tax havens, which are now blacklisted by the European Commission and now ranked as the most important player in the financial secrecy world.

Tax havens featured on the EC’s blacklist of June last year include Anguilla, Bermuda, the British Virgin Islands, the Cayman Islands, Montserrat and the Turks and Caicos Islands to name just a few and each is inextricably linked to the City of London’s crime offices.

The consequence of its operations is that money laundering is now at such levels and so widespread that the authorities have recently admitted defeat in its battle of attrition by stating openly it has been completely overwhelmed and lost control. Keith Bristow Director-General of the UK’s National Crime Agency said just six months ago that the sheer scale of crime and its subsequent money laundering operations was “a strategic threat” to the country’s economy and reputation and that “high-end money laundering is a major risk”.

In the meantime, the City of London remains politically immune and acts with criminal impunity as it sucks up what is now understood to be trillions in illicit and ill-gotten gains. Bankers and hedge-fund operators dodge the authorities with particular skill sets honed over a millennia, especially HMRC.

It is of no coincidence that this small area of britian, just 1.2 square miles has the highest pay in the land and the third lowest council tax for property anywhere in the United Kingdom. A £20 million mansion costs less than £1,000 a year in council tax.
At the last census, its population stood at just 7,325, its employees stand at 414,600, nearly 40 per cent of them in financial services. Nearly 17,000 businesses are registered there, 2,700 are finance and insurance based and just over 45 per cent are foreign owned entities. HSBC’s organisation is the ninth largest bank in the world following four Chinese and four American banks located down the road in Canary Wharf.

This tiny island haven, with its own borders and police force sits within the Isles of Britain as an international hub, the tax haven of all tax havens. Make no mistake, the banks use offshore business organisations to escape regulation and the grip these organisations have over an ever weakened and corrupt political class is utterly astounding. The Conservative party is literally bankrolled by bankers and hedge funds. Half of the wealthiest hedge fund managers in the land pay millions each year to the Tories – what do they expect back from their investment? Perhaps the hundreds of millions of stamp duty exemptions and taxes hedge funds no longer have to pay. This is just the tip of the iceberg.

This is neoliberalism out of control. The legislators have capitulated to its power. Democracy is systematically deconstructed in favour of the corporations. In the legislators place, people powered organisations emerge such as Tax Justice Network, Democratic Audit, New Economics Foundation to name a few who operate in an arena of social justice in an attempt not to stifle capitalism, but to level the playing field a bit.
Graham Vanbergen

The original source of this article is
Copyright © Graham Vanbergen,, 2016

Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business.


The Mossack Fonseca web of secret companies

Mossack Fonseca statement in full as law firm responds to Panama papers report and defends its 'high standards'

Panama Papers Is Media Psy-op In Morphing Info War
Posted on April 5, 2016 by Ann Kreilkamp

When I finally got a chance to look at  the much heralded Panama Papers, I noticed one thing: those targeted out of the tetrabites of downloaded data were, guess who? Putin, Iceland, and other rogue figures and states in the crosshairs of the U.S. State Department.. Whaddayaknow? Plus, not one U.S. citizen was mentioned. In fact, the map shown left the U.S. completely blank.

What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include Ford Foundation, Carnegie Endowment, Rockefeller Family Fund, W K Kellogg Foundation, Open Society Foundation (Soros), among many others. Do not expect a genuine expose of western capitalism. The dirty secrets of western corporations will remain unpublished.Expect hits at Russia, Iran and Syria and some tiny “balancing” western country like Iceland. A superannuated UK peer or two will be sacrificed – someone already with dementia.

The Corbett Report:

"The very word "secrecy" is repugnant in a free and open society"- JFK

space otter

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Re: they know what you are doing
« Reply #693 on: April 06, 2016, 08:54:49 PM »

point well taken, Sinny ..who are these guys

 International Consortium of Investigative Journalists.
The International Consortium of Investigative Journalists is an active global network of 160 reporters in more than 60 countries who collaborate on in-depth investigative stories.

Founded in 1997, ICIJ was launched as a project of the Center for Public Integrity to extend the Center’s style of watchdog journalism, focusing on issues that do not stop at national frontiers: cross-border crime, corruption, and the accountability of power. Backed by the Center and its computer-assisted reporting specialists, public records experts, fact-checkers and lawyers, ICIJ reporters and editors provide real-time resources and state-of-the-art tools and techniques to journalists around the world.

Our advisory committee consists of some of the biggest names in investigative journalism: Bill Kovach, Rosental Calmon Alves, Phillip Knightley, Gwen Lister, Goenawan Mohamad, Reginald Chua and Brant Houston.

Why we exist

The need for such an organization has never been greater. Globalization and development have placed extraordinary pressures on human societies, posing unprecedented threats from polluting industries, transnational crime networks, rogue states, and the actions of powerful figures in business and government.

The news media, hobbled by short attention spans and lack of resources, are even less of a match for those who would harm the public interest. Broadcast networks and major newspapers have closed foreign bureaus, cut travel budgets, and disbanded investigative teams. We are losing our eyes and ears around the world precisely when we need them most.

Meanwhile, in many developing countries, investigative reporters are killed, threatened, or imprisoned with alarming regularity. Amazingly unbowed by these life-and-death realities, journalists are in dire need of help from colleagues abroad, many of whom do similar work and can offer support.

What we do


What is ICIJ? A look at the group behind the Panama Papers

by Tom Kludt   @tomkludt
April 4, 2016: 6:36 PM ET 


The Center for Public Integrity (CPI) is an American nonprofit investigative journalism organization whose stated mission is "to reveal abuses of power, corruption and dereliction of duty by powerful public and private institutions in order to cause them to operate with honesty, integrity, accountability and to put the public interest first."[1] With over 50 staff members, CPI is one of the largest nonpartisan, nonprofit investigative centers in America.[2] It won the 2014 Pulitzer Prize for Investigative Reporting.[3]

CPI has been described as an independent,[4][5] nonpartisan[6][7][8] and progressive[9] watchdog group.[6][10] In their February 16 and 17, 1996, reports on then U.S. presidential candidate Patrick J. Buchanan's ties to a white supremacy supporter, one journalist from the Los Angeles Times and the New York Times editorial referred to the CPI as a "liberal group."[11][12]

CPI releases its reports via its web site to media outlets throughout the U.S. and around the globe. In 2004, CPI's The Buying of the President book was on the New York Times bestseller list for three months.[13]

fyi non profit is not the same as not for profit


Meet ICIJ — The biggest, toughest investigative unit you may never have heard of

Poynter Institute
By Rick Edmonds • February 24, 2015

Feb 24, 2015 - Even for an investigative team with global reach and huge ambitions, the last month has been extraordinary for the International Consortium of ...

Offline Sinny

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Re: they know what you are doing
« Reply #694 on: April 07, 2016, 05:48:09 AM »

point well taken, Sinny ..who are these guys

fyi non profit is not the same as not for profit

Haha, yea.
"The very word "secrecy" is repugnant in a free and open society"- JFK

space otter

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Re: they know what you are doing
« Reply #695 on: April 29, 2016, 11:22:24 AM »

The Atlantic
Matt Ford
4 hrs ago

The Supreme Court Expands FBI Hacking Powers

The U.S. Supreme Court approved a new rule Thursday allowing federal judges to issue warrants that target computers outside their jurisdiction, setting the stage for a major expansion of surveillance and hacking powers by federal law-enforcement agencies.

Chief Justice John Roberts submitted the rule to Congress on behalf of the Court as part of the justices’ annual package of changes to the Federal Rules of Criminal Procedure. The rules form the basis of every federal prosecution in the United States.

Under Rule 41’s current incarnation, federal magistrate judges can typically only authorize searches and seizures within their own jurisdiction. Only in a handful of circumstances can judges approve a warrant that reaches beyond their territory—if, for example, they allow federal agents to use a tracking device that could move through multiple judicial districts.

The amendments, drafted by a panel of federal judges at the Justice Department’s request, add another exception. It would allow a magistrate judge to issue a warrant to hack into and seize data stored on a computer, even if that computer’s actual location “has been concealed through technical means.”

In other words, under the new rule, a judge in California could approve a warrant allowing federal agents to lawfully hack into a computer without knowing its true location, whether it be New York, Budapest, or one of Jupiter’s moons.

Justice Department officials defended the change as a necessary update to counter changing technologies. At the same time, tech and privacy experts raised concerns about the amendments’ reach. Oregon Senator Ron Wyden, a Democrat and longtime critic of federal surveillance programs, also criticized the proposed changes as a “sprawling expansion of government surveillance.”

“These amendments will have significant consequences for Americans’ privacy and the scope of the government’s powers to conduct remote surveillance and searches of electronic devices,” he said in a statement. “Under the proposed rules, the government would now be able to obtain a single warrant to access and search thousands or millions of computers at once; and the vast majority of the affected computers would belong to the victims, not the perpetrators, of a cybercrime.”

Wyden also said he planned to introduce legislation to block the new rule. The Supreme Court’s changes automatically go into effect on December 1 unless Congress votes to override them. Such a feat may be difficult this year as normal legislative business slows ahead of November’s elections.

The changes come in the wake of a high-profile showdown over encryption between Apple and the Justice Department in February, which fizzled out after federal investigators told courts they bypassed the iPhone’s security features without the tech giant’s help.

space otter

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Re: they know what you are doing
« Reply #696 on: May 09, 2016, 02:25:48 PM »

By Michael Hudson, Jake Bernstein, Ryan Chittum, Will Fitzgibbon and Catherine Dunn
May 9, 2016

Panama Papers Include Dozens of Americans Tied to Fraud and Financial Misconduct

Mossack Fonseca's files include offshore companies linked to at least 36 Americans accused of serious financial wrongdoing, including fraud and racketeering

Leonard Gotshalk, an Atlanta Falcons football player turned Oregon businessman, had a history of legal issues by the time he went looking to buy an offshore company in 2010. Lawsuits and criminal filings had accused the former NFL offensive lineman of fraud and racketeering.

Mossack Fonseca, a Panama-based law firm that specializes in selling offshore companies, initially told Gotshalk it couldn’t do business with him, because of “negative information” that its compliance unit had found. Gotshalk persuaded the law firm to reconsider, noting in an email that he’d “held offshore accounts in the past in Europe and Bahamas and Belize” without problems.

Three months later – on May 21, 2010 – federal prosecutors in Philadelphia unsealed an indictment charging that Gotshalk was a key player in a scheme that used kickbacks and other tactics to inflate the prices of tech company stocks.

Three days later – on May 24 – Mossack Fonseca recorded a $3,055 wire transfer from Gotshalk, the firm’s internal records show. The money paid for a British Virgin Islands company called Irishmyst Consultants Limited.

Gotshalk isn’t the only American with a suspect past who has used Mossack Fonseca’s services. A review of the law firm’s internal files by the International Consortium of Investigative Journalists and other media partners has identified companies tied to at least 36 Americans accused of fraud or other serious financial misconduct.

ICIJ and its media partners found the details of Gotshalk’s offshore company – and other companies linked to Americans accused of financial mischief – within the Panama Papers, a trove of leaked documents that expose the business practices of Mossack Fonseca, one of the world’s largest marketers of offshore secrecy.

Some have been convicted of fraud or other crimes. They include Martin Frankel, a Connecticut financier who pleaded guilty in 2002 to 20 counts of wire fraud as well as counts of securities fraud and racketeering conspiracy, and Andrew Wiederhorn, an Oregon corporate executive who pleaded guilty to two felonies in a case tied to one of the biggest corporate scandals in Oregon history.

Others have been sued in civil cases launched by securities regulators or private plaintiffs. Among them are six Americans who were accused in a lawsuit in federal court in Washington state of using an offshore company set up through Mossack Fonseca, Dressel Investment Ltd., to run a Ponzi scheme that cost thousands of middle-class Indonesians nearly $100 million.

The lawsuit claims two of the players in the Dressel scheme pitched themselves to investors as financial experts but were in fact “a former appliance salesman for Sears” and “a disbarred attorney who had been reduced to driving a bus for people in Utah to gamble at casinos located on the Nevada border.”

Experts on Ponzi schemes and other kinds of financial chicanery say offshore entities often play a role in fraudulent enterprises. “Fraudsters like offshore because of the the lack of transparency,” said Ellen Zimiles, a former federal prosecutor in New York who now leads Navigant Consulting’s investigations and compliance practice. When offshore structures are put together skillfully, “it takes a lot of time for investigators to get the ultimate beneficiary.”

Mossack Fonseca’s working relationships with dozens of Americans tied to financial misconduct raises questions about how well the firm keeps its commitment to following international standards for preventing money laundering and keeping offshore companies out of the hands of criminal elements.

A Mossack Fonseca spokesperson did not reply to questions for this story. In previous statements, the firm said it has “operated beyond reproach in our home country and in other jurisdictions where we have operations. Our firm has never been accused or charged in connection with criminal wrongdoing.”

The firm said that it works to make sure “that the companies we incorporate are not being used for tax evasion, money-laundering, terrorist finance or other illicit purposes.” It said it turns away clients who have been convicted of crimes or involved in other conduct that raises “red flags.”

“Our due diligence procedures require us to update the information that we have on clients and to periodically verify that no negative results exist in regards to the companies we incorporate and the individuals behind them,” the firm said.

Gotshalk and Frankel could not be reached for comment. Wiederhorn, the Oregon corporate executive, said the offshore company linked to him in Mossack Fonseca’s files was used for routine real estate transactions in the United Kingdom.

High volume

It wouldn’t have taken Mossack Fonseca’s compliance team much Internet surfing to determine that former pro football player Leonard Gotshalk was likely to be a risky client.

The U.S. Securities and Exchange Commission sued Gotshalk in 1994, accusing him and others of providing investors with “false and misleading information” about a company involved in oil and gas investments. In 1995, a federal judge in Washington, D.C., issued a permanent injunction forbidding Gotshalk from violating the antifraud provisions of U.S. securities laws.

In 2004, an Oregon court convicted Gotshalk of felony theft and ordered him to pay restitution and serve 20 days in jail in a case involving allegations he took out large loans with no intention of paying them back. Information about the conviction was available on the Internet in a story posted by the Medford, Oregon, Mail Tribune, which quoted a police detective who said he’d interviewed a dozen people in multiple states who claimed Gotshalk defrauded them.

There’s no indication in the Panama Papers that Mossack Fonseca took notice of Gotshalk’s more recent legal issues, which include the securities fraud indictment in Pennsylvania and a new lawsuit filed by the SEC.

A sentencing hearing has been scheduled for Gotshalk in the criminal case for May 19. A judge has ordered a document titled “Plea Document as to Leonard Gotshalk” sealed, but other court records don’t indicate whether he has been convicted in the case. The SEC’s lawsuit has been put on hold until the criminal matter is finished.

Gotshalk’s attorney did not reply to requests for comment about his client’s legal problems or Gotshalk’s purchase of an offshore company through Mossack Fonseca.

It is not illegal to own an offshore company. But financial crime experts say that profit concerns can discourage offshore middlemen from thoroughly checking out their clients, allowing unscrupulous individuals to gain control of offshore companies and use them to open hard-to-trace bank accounts.

An article about banks’ struggles with enforcing anti-money-laundering rules in Navigant Consulting’s Risk & Regulation journal noted that a “widely recurring theme throughout multiple enforcement actions has been the decision of management to place revenue considerations” above money-laundering risks. Once a decision is made to compromise money laundering controls for the sake of revenue, the article said, “the decision becomes easier to repeat and harder to reverse.”

The leaked records in the Panama Papers suggest that Mossack Fonseca’s high-volume business model made it difficult for it to keep track of its clients’ backgrounds and activities. Between 2005 and 2015, Mossack Fonseca incorporated more than 100,000 offshore entities, such as trusts and shell companies. In many instances, the firm offloaded responsibility for checking out potential customers to the banks and outside law firms that fed it business. In its earlier response to questions from ICIJ and other media partners, the firm said it was “legally and practically limited in our ability to regulate the use of companies we incorporate.”

‘Unofficial’ representative

In an interview with the Associated Press, firm co-founder Ramón Fonseca said that “as a policy we prefer not to have American clients.”

The Panama Papers show that at least some of that hesitation involved fear of U.S. law enforcement authorities.

In 2000, the leaked documents indicate, the Federal Bureau of Investigation contacted Michael B. Edge, a U.S.-based representative for the law firm, and threatened to subpoena him in an effort to get information from Mossack Fonseca about an offshore company that had been involved in “an apparent banking fraud.”

Edge, who has acted as the intermediary for hundreds of companies registered by Mossack Fonseca in the Bahamas and other offshore havens, recalled in a 2008 email that the firm decided that due to the threat from the Feds, he should become “an ‘unofficial’ Representative. … Since that time, I have scrupulously avoided receipt of client documents, unless absolutely unavoidable, to my U.S. address; especially since the FBI knows of my existence in a ‘negative’ context.”

He said he continued working “exclusively” with Mossack Fonseca but was careful not to leave “any discernable (direct) link to Mossfon.”

In a 2014 email, Edge explained that Mossack Fonseca had relatively few American clients because it wanted to “avoid further attempts by American authorities to attack the Partnership.” He said that with the consent of one of the firm’s managing partners, Jürgen Mossack, “American clients were purged, no more have been sought, no marketing in the U.S. takes place; and I have conducted Mossfon business in my own name.”

The records show, however, that some customers brought to Mossack Fonseca through Edge have been caught up in fraud cases in the United States.

In 2003, U.S. securities regulators accused one of Edge’s customers , Florida-based Mary Patten, of helping perpetrate a $6-million investment fraud using a company associated with Mossack Fonseca on the island of Jersey. After the allegations against her came to light, Edge told the law firm he had been “duped into believing” that Patten needed help because she was the victim of a “malicious lawsuit.”

In 2005, a federal judge ruled that she’d played a “crucial role” in the scam and ordered her and another defendant to pay more than $5 million in restitution, fines and interest.

Another Edge client was Harvey Milam, a Mississippi businessman and the son of the late J.W. Milam, one of the killers of Emmett Till, whose grisly murder helped spark America’s modern Civil Rights movement. Creditors of a failed insurance company based in the Caribbean island of Nevis claimed that Harvey Milam and other defendants cheated investors by fraudulently transferring the insurer’s assets to other companies. Milam and other defendants settled the case in 2012 without admitting any wrongdoing.

Patten and Milam could not be reached for comment for this story. Milam’s attorney declined comment. Edge did not reply to repeated emails and faxes seeking comment.

‘She lost everything’

Everything seemed in order when Rebel Holiday showed up at Mossack Fonseca’s Panama headquarters in May 2009.

She lived in Virginia and presented herself as a successful entrepreneur with a plan to sell “collectibles” containing small amounts of gold. The company she wanted to register in Panama would be “committed to the democratization of gold and precious metals that have only been available to the affluent in recent years,” according to a business plan found in the law firm’s files.

Mossack Fonseca later claimed it had done an Internet search on Holiday and found nothing negative. The firm’s staffers registered the company, Mises Technologies, and took her to Tower Bank in Panama City to open three accounts.

A screenshot from Rebel Holiday's current personal website,
At the same time, back in Virginia, the state securities regulators were pursuing action against Holiday and multiple companies she had created, accusing her and the companies of misleading investors and selling unlicensed securities. The state’s allegations mostly focused on a company Holiday created to sell fashion consultations over the Internet.

One of the investors who testified against her in the state’s administrative hearings was Amanda Susan Piola. She was 26 and just starting out in the fashion world when she first met Holiday. Piola testified that Holiday complimented her on being more advanced than others her age working in the industry, and offered to let her invest in one of Holiday’s ventures.

Piola testified that she gave Holiday her life savings of $10,000 and that Holiday promised that the money would be returned a year later if Piola needed it back. Holiday never gave her a stock certificate and never gave her the money back, Piola said.

“I told her that I felt like she stole $10,000 from me,” Piola told a hearing officer. In response, Piola said, Holiday “gave me a sob story about how she lost everything” and that “I needed to feel bad for her.”

Holiday disputes that account. She said everyone received a stock certificate. The money Piola invested came from her father, who was a sophisticated investor, Holiday claimed.

“The business died,” Holiday told ICIJ. “Nobody got their money back, including me.”

Almost a year after Mossack Fonseca registered the Panama-based company, Tower Bank notified the law firm it was closing the accounts for Mises Technologies. It had discovered a website dedicated to collecting fraud complaints that had singled out Holiday’s business practices. Mossack Fonseca did a new search and discovered some of the legal filings in the Virginia securities case.

Mises Technologies was “struck off” the register of Panamanian companies in July 2013. It is unclear from Mossack Fonseca’s internal files whether the law firm dropped Holiday and her company because of the Virginia allegations. Holiday said the collectibles business didn’t work out and she herself let the company lapse.

In November 2013, the State Corporation Commission of Virginia fined Holiday $110,000 and banned her from selling securities in the state.

Holiday insists that she was innocent and that the state railroaded her. “It was like the Red Queen’s Court in Alice in Wonderland,” she said.

Desperately waiting

Other legal cases targeting Mossack Fonseca’s U.S. clients have accused them of defrauding hundreds or even thousands of investors. Two of these cases involved links between Indonesia and the Pacific Northwest.

A lawsuit filed in 2009 in U.S. District Court in Washington state claimed that Dressel Investments Ltd., a company incorporated in the British Virgin Islands by Mossack Fonseca, fleeced more than 3,400 Indonesian investors who put their money into what turned out to be, the suit alleged, “a classic Ponzi scheme.” The men and women who exercised control over Dressel Investments or related companies included six Americans living in Utah and Alaska, according to the lawsuit.

The suit was eventually thrown out of federal court when a judge ruled the allegations couldn’t sustain a federal racketeering claim. An investors group representing the alleged victims is now pursuing their claims in state court in Alaska.

Some defendants in the case have settled under undisclosed terms. Others have fought on, denying wrongdoing and in some cases pointing blame at others they said were responsible for any fraud. Some defendants weren’t included in the Alaska case as the litigation moved from federal to state court.

After the collapse of Dressel in early 2007, investors in Indonesia pleaded directly with Mossack Fonseca for help in getting their money back. One investor’s email was titled: “still confused and sad about our saving.” Another investor wrote: “We are still desperately waiting.”

One investor forwarded Mossack Fonseca a letter from the British Virgin Island’s financial investigation agency that said: “It is clear that this is and always was an investment scam.”

Mossack Fonseca resigned as Dressel’s registered agent after getting hit with the initial wave of complaints. While it did not reply to many of the missives from Dressel investors, the firm did recommend to some that they find lawyers, and provided others with contact information for Dressel management.

In the case of another alleged Ponzi scheme with ties to Indonesia, Mossack Fonseca set up two offshore companies linked to Robert Miracle, one of the fraud’s architects. Miracle was a Seattle businessman who told investors he’d worked at NASA and Disney and that his companies were already producing oil and gas in Indonesia. He eventually pleaded guilty to tax evasion and mail fraud in the case in exchange for a 13-year prison sentence.

The Panama Papers show that Mossack Fonseca registered MCube Petroleum Ltd. for Miracle in March 2007 — three months after the State of Washington accused him and a similarly named company registered in Washington state, MCube Petroleum Inc., of violating securities laws.

MCube Petroleum Inc. was accused of defrauding investors. Screenshot via Internet Archive Wayback Machine
MCube Petroleum Inc. and associated companies were part of an enterprise that defrauded hundreds of American investors, federal authorities found.

In late 2007, federal agents served search warrants on Miracle’s home and on MCube Petroleum Inc.’s Seattle offices, seizing computers and 80 boxes of documents. The Seattle Times reported that court records indicated Miracle was being investigated for conspiracy, mail fraud, wire fraud, money laundering, securities fraud and tax evasion.

In July 2008 – months after media reports revealed the investigation into Miracle’s shell games – Mossack Fonseca registered a company called Fivex Trading Ltd. in the British Virgin Islands. Two of the shareholders were listed as Mukhtar Bin Syed Kechik and Fahimi Bin Faisal, two Malaysian fugitives alleged by the FBI to have been Miracle’s partners in the Ponzi scheme.

Another Fivex shareholder listed in Mossack Fonseca’s files is Veronica Naomi Miracle, Robert Miracle’s daughter. She had just graduated high school when she was named as a shareholder in the company.

Veronica Miracle and Robert Miracle declined to comment.

The Panama Papers show that Mossack Fonseca didn’t learn about Robert Miracle’s crimes until 2012, when a database search turned up a record of his conviction. By then, the trail in the hunt for Miracle’s assets had gone cold. Court filings indicated that investors’ losses were likely to top $20 million.

Contributors to this story: Marisa Taylor and Kevin G. Hall of McClatchy Newspapers, Matthew Kish of the Portland Business Journal and Alice Brennan, Alcione Gonzalez and Laura Juncadella of Fusion Investigates

space otter

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Re: they know what you are doing
« Reply #697 on: May 12, 2016, 05:57:09 AM »
 it's looking like these panama papers are  someone's game start.. hummmmmm ,  i wonder how long it will take us to find out whose.?

Sarah Ann Harris
News Reporter, The Huffington Post UK
 11/05/2016 10:26

Emma Watson Named In Panama Papers After Using Offshore Company To Protect Her Privacy
She has reportedly been left anxious over her security .

Emma Watson used an offshore company to protect her privacy, it has has been revealed after the star was named in the Panama Papers leaks.

The company, based in the British Virgin islands, was one of thousands of offshore companies that appear in a trove of millions of documents obtained from the Panamanian law firm Mossack Fonseca.

Her name was found by The Spectator among more than 200,000 entities published in a searchable online database by the International Consortium of Investigative Journalists (ICIJ) on Monday.

The Harry Potter actor set up Falling Leaves Limited in 2013 “for the sole purpose of protecting her anonymity and safety”, a spokesman said.

Watson purchased a £2.8 million home in London through the company, the Times reported.

Owning property through an offshore company means that the buyer’s name does not appear on public available Land Registry documents.

The spokesman added: “UK companies are required to publicly publish details of their shareholders and therefore do not give her the necessary anonymity required to protect her personal safety, which has been jeopardised in the past owing to such information being publicly available.

“Offshore companies do not publish these shareholder details. Emma receives absolutely no tax or monetary advantages from this offshore company whatsoever - only privacy.”

According to reports Watson has suffered incidents that left her anxious over her security, including unwanted approaches by fans.

Despite the fact that Watson’s actions were purely for privacy purposes, many on Twitter still mocked her following the revelation...

ICIJ recognised there are legitimate uses for offshore companies and trusts, adding that the presence of an entity in its database did not suggest or imply it had broken the law.

A number of high-profile figures were named in the leak, including David Cameron’s father.

The revelations prompted the Prime Minister and number of other politicians to publish their tax return. The PM’s return confirmed that he and his wife Samantha had made a £19,000 profit on investments in Blairmore Holdings.

space otter

  • Guest
Re: they know what you are doing
« Reply #698 on: May 17, 2016, 08:24:16 PM »

what can you say THIS is interesting...

Hackers' website breached by hacker

17 May 2016

The Nulled website is currently offline

The email addresses and private messages of more than 470,000 members of a hacking website have been leaked online following a huge data breach.
The Nulled website was a popular marketplace for stolen account details and hacking tips.
The leaked data contained more than 5,000 purchase records relating to the exchange of stolen information.
The site has been taken offline, stating it is undergoing "routine maintenance".

Nulled sold access to a VIP message board where cybercriminals could exchange tips

Researchers at Risk Based Security said the data dump contained the "complete forum's database" including 12,600 invoices, usernames, members' PayPal addresses and IP addresses.
It also contained millions of forum posts and private messages detailing illegal activities.
And some of the data could be used to work out members' identities, if they did not take steps to conceal it.

Risk Based Security added the website had used message board software with known vulnerabilities, and the site also used a weak hashing algorithm to protect members' passwords.
The data breach was confirmed by independent security researcher Troy Hunt.
"Data breaches like this remind us that even criminal elements are not immune from having their identities disclosed and released publicly," said Mr Hunt.

"While many of them no doubt took precautions to hide their true identities, inevitably many others will now be feeling very nervous at the prospect of being outed while engaged in fraudulent activities."

Offline robomont

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Re: they know what you are doing
« Reply #699 on: May 17, 2016, 08:44:21 PM »
first the cocaine bananas and now this,cia is turning on itself.two factions tearing at each other.about time.
ive never been much for rules.
being me has its priviledges.


space otter

  • Guest
Re: they know what you are doing
« Reply #700 on: May 17, 2016, 09:17:05 PM »

just for chuckles i wanted to see if the list was posted anywhere I could find it..i haven't yet but interestingly found this

only copying  the very last part

See more at: Info on 500K Users Doxxed in Hacking Forum Dump

For what it’s worth, while combing through the Nulled.IO database, Risk Based Security noticed that 365 users who accessed the site used .edu addresses.
Eight other users accessed the site via .gov addresses, and emails stemming from government domains in Jordan, Brazil, Malaysia, and Turkey. When it comes to the leaked information, it likely won’t be too difficult for anyone, law enforcement included, to connect the dots.

“When services such as Nulled.IO are compromised and data is leaked, often it exposes members who prefer to remain anonymous and hide behind screen names,” the firm wrote Tuesday, “By simply searching by email or IP addresses, it can become evident who might be behind various malicious deeds.” “With this being such a comprehensive dump of data it offers up a very good set of information for matching a member ID to the attached invoices, transactions and other content such as member messages and posts,” the firm warn

See more at: Info on 500K Users Doxxed in Hacking Forum Dump

Offline robomont

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Re: they know what you are doing
« Reply #701 on: May 17, 2016, 09:47:22 PM »
people think they can play anon,they cant easily,nsa gets you coming and going.only if you can variable all your id's can you be anon.i think theres 3.isp,mac and one location.
by now they have list of wanna training material such as college classes and books,you have to be trained by a hacker in a dead room to be truly free.
alot of mcaffees exploits are open source,he just has msm backing him.lop hacked the iphone the night before mcaffee released he could.
we got nerds in this country that can do that stuff in the dark while drunk and high on mushrooms.
i just like mind hacking,folks never see it coming,even when you tell them you are about to do it to them.i got lop 3 nights ago,glp a month undercover cop 2 months ago and i said it to his ive had it done to me too,only difference was they didnt tell me to my more honorable than that.ill straight up tell you.otherwise you invite karma.great article sa!
ive never been much for rules.
being me has its priviledges.


space otter

  • Guest
Re: they know what you are doing
« Reply #702 on: May 18, 2016, 07:18:55 PM »

ahhhhh everybody wants to get into the act....i guess the world really is a stage ...sigh
 05/18/2016 01:56 pm ET

Andy Campbell
Reporter, The Huffington Post

How Much Will Google Home Be Watching You?
“Always-on” technology is a big privacy concern, and it’s only going to grow.

A Google Home unit in its natural state.
Google is fighting harder than ever to get into your household.

On Wednesday the company announced its entry into the voice-activated virtual assistant race with Google Home, its answer to the Amazon Echo. Google Home promises to live alongside you wherever you reside, answering your questions, playing your music and reading your news, much like its popular rival.

It’ll also have Google search built in, which means it’ll know a lot about you as soon as you sign in.

“We want users to have an ongoing two-way dialogue with Google,” Google CEO Sundar Pichai said at the company’s I/O developer conference on Wednesday.

To be sure, the company already knows where you are, where you live and what you had for dinner this week (assuming you find your recipes through the search engine). And certain features like the location history tool on Google Maps are either super-useful or enough to make you throw on a tinfoil hat, depending on your mood.

According to its makers, Google Home is a sleek little device that will learn your music tastes, your commute and your daily plans — “with your permission, of course,” a spokesman said — and will use that information to tailor itself to your needs.

Google has already cornered the market on collecting your data, though it does offer privacy controls that allow you to opt out of providing certain personal information.

But as concerns grow regarding “always-on” technology and its potential privacy risks, Google will need to assure consumers that it’s not collecting too much information at any given time. Predators can already hack our baby monitors and computer cameras, and as Gizmodo reported this week, the FBI “can neither confirm nor deny“ that it has wiretapped Amazon Echo devices.

Amazon has pushed back by noting that its virtual assistant, Alexa — the “voice” inside the Echo — only “listens” when a user says its wake word, sending the subsequent commands to Amazon servers. You can also turn off the Echo’s microphone, though it’s unclear whether even that could stop the National Security Agency from listening in.

In any case, these devices aren’t going anywhere. Amazon Echo has sold more than 3 million units, and the company’s released an API kit that allows independent developers to add even more functionality.

In terms of sales, Google has plenty of catching up to do. That said, it wasn’t ever trying to win the device game — it’s an advertising company. Its ad revenue rose by 18 percent year-over-year between 2014 and 2015, topping out at $21.2 billion, and it’s aggressively working to make you click on more ads.

tons of embedded links thur the article

Offline robomont

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Re: they know what you are doing
« Reply #703 on: May 18, 2016, 08:33:39 PM »
and when all else fails, theres always the wall outlets. theres a reason for them baby safety wall outlet plastic plugs. it aint just for kids safety. lol. sending a high frequency though your wires and then getting a back frequency from vibration is a long held secret,
robo dont like secrets.
then this wifi and cellular is nothing but floodlights, most folks would freak if they new i could ghost through their house with that light. i can watch everything, i mean everything, you do if you have wifi in your house. i can go up and see anything an inch or larger. even if you close your door. just by hacking a wifi and using 3d software. privacy is a joke in the usa.
ive never been much for rules.
being me has its priviledges.


Offline ArMaP

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Re: they know what you are doing
« Reply #704 on: May 19, 2016, 06:04:58 AM »
then this wifi and cellular is nothing but floodlights, most folks would freak if they new i could ghost through their house with that light. i can watch everything, i mean everything, you do if you have wifi in your house. i can go up and see anything an inch or larger. even if you close your door. just by hacking a wifi and using 3d software. privacy is a joke in the usa.
Maybe there's a new market for something like "Faraday cages for your home". :) USA, LLC
Free Click Tracking USA, LLC

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