General Panama Papers Discussion

[OROBTC]

...

Today the International Consortium of Investigative Journalists (ICIJ -- it is still not clear how these guys are being funded) released information (online accessible database) on 214,000 "offshore entities", many of them from other places (Nevada (Rothschild's offshore service HQ in the USA), Hong Kong, etc.).

Some information will NOT be released now, including passport page photos, etc.

News:

https://www.armstrongeconomics.com/world-news/taxes/panama-paper-names-to-be-partially-released-today/

(Armstrong wonders why the ICIJ did not release any information on the Clintons and their friends)

http://www.zerohedge.com/news/2016-05-09/full-list-214000-offshore-shell-companies-linked-panama-papers-released-online


Link to the ICIJ offshore leaks database (may be very busy for awhile):

https://offshoreleaks.icij.org/

[1715063537]

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[1715063537]

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[Pab]

...

Today the International Consortium of Investigative Journalists (ICIJ -- it is still not clear how these guys are being funded) released information (online accessible database) on 214,000 "offshore entities", many of them from other places (Nevada (Rothschild's offshore service HQ in the USA), Hong Kong, etc.).

Some information will NOT be released now, including passport page photos, etc.

News:

https://www.armstrongeconomics.com/world-news/taxes/panama-paper-names-to-be-partially-released-today/

(Armstrong wonders why the ICIJ did not release any information on the Clintons and their friends)

http://www.zerohedge.com/news/2016-05-09/full-list-214000-offshore-shell-companies-linked-panama-papers-released-online


Link to the ICIJ offshore leaks database (may be very busy for awhile):

https://offshoreleaks.icij.org/

I think so,Cinton protected it means thay have something to hide,not best move during presidential campaigne,many people  will think Hilary has something to hide
Trump will know how to use it

[pitham1]

Journalists also have vested interests. So it is possible that some names were kept under wraps when the original disclosures took place.
Now we will truly have a crowd-sourced, open investigation.

[by.Szun]

...

Today the International Consortium of Investigative Journalists (ICIJ -- it is still not clear how these guys are being funded)

They're funded by several non-profits. The major ones are Ford Foundation, Carnegie Endowment, Rockefeller Family Fund, George Soros' Open Society Foundation.

I don't want to go full on conspiracy theorist, but I can honestly believe the ICIJ striking some of the stories based on who is in them.

[Evildrum]

A interesting dynamic in who is behind this group.
The media told the viewers to help them look through these files for links due to the extentsive amount involved.
Did we really think we would get full on access?
The cover ups will continue as more people get properly positioned.

[NUFCrichard]

The Panama papers really do show just how complicated and dodgy the world of finance is.

I find it hard to believe that some of these very clever people who are hiding money all around the wolrd to avoid paying taxes on it haven't looked at Bitcoin and at least researched the technology.

How are they going to track someone's money if it is moved into Bitcoin and hidden?

[mookid]

The crazy thing is that setting up a shell company is not illegal, at least for the most part of it.
The true is that sometimes these shell companies can prove useful to circumvent financial regulation, so people abuse and profit from this.
Let's see what else is uncovered.

[poptok1]

The Panama papers really do show just how complicated and dodgy the world of finance is.

I find it hard to believe that some of these very clever people who are hiding money all around the wolrd to avoid paying taxes on it haven't looked at Bitcoin and at least researched the technology.

How are they going to track someone's money if it is moved into Bitcoin and hidden?

You have to remember that most exchangers require more active users to be registrated
with full name etc. Balances/tranactions above fixed amount, like 15Keuro needs to be identified
under international antiterrorism acts...
Only way is to buy BTC personally but how safe that would be?

[by.Szun]

The Panama papers really do show just how complicated and dodgy the world of finance is.

I find it hard to believe that some of these very clever people who are hiding money all around the wolrd to avoid paying taxes on it haven't looked at Bitcoin and at least researched the technology.

How are they going to track someone's money if it is moved into Bitcoin and hidden?

You have to remember that most exchangers require more active users to be registrated
with full name etc. Balances/tranactions above fixed amount, like 15Keuro needs to be identified
under international antiterrorism acts...
Only way is to buy BTC personally but how safe that would be?

I have done in-person transactions for BTC before and it went fine.

Tangent: Interestingly enough, have found two people I previously worked with in the database. Could be an interesting few months.

[unholycactus]

The Panama papers really do show just how complicated and dodgy the world of finance is.

I find it hard to believe that some of these very clever people who are hiding money all around the wolrd to avoid paying taxes on it haven't looked at Bitcoin and at least researched the technology.

How are they going to track someone's money if it is moved into Bitcoin and hidden?

It's hard to pitch Bitcoin considering it's volatility and inherent risk.
Also "avoiding taxes" isn't always illegal, just morally ambiguous. Why would you risk your assets in this case?

[alani123]

One of the most major bitcoin holders, that is in possession of at least 100k BTC, was part of the leak. Li Xiaolai was an early miner and investor, one of the first known bitcoin millionaires.
https://offshoreleaks.icij.org/nodes/10003355

The more you look into it, the more bitcoin-related figures you'll find being part of the leaks. Shrem and Voorhees are both there.
https://www.reddit.com/r/btc/comments/4io0w8/i_searched_for_bitcoin_in_the_panama_papers/d2zrkfq?context=3

[mrhelpful]

Not to be a downer, but theres no point on knowing about people laundering money..

The question boils down to is what do people do with this information, because honestly if you make $100 million or something I`d assume just like anyone one of us will do the same.

As for the aspect of doing this with bitcoin, bitcoin wont handle this level of volume due to the current value and liquidity level doesnt match up if it needed to service every money launder, but only a couple people. 

[yayayo]

One of the most major bitcoin holders, that is in possession of at least 100k BTC, was part of the leak. Li Xiaolai was an early miner and investor, one of the first known bitcoin millionaires.
https://offshoreleaks.icij.org/nodes/10003355

The more you look into it, the more bitcoin-related figures you'll find being part of the leaks. Shrem and Voorhees are both there.
https://www.reddit.com/r/btc/comments/4io0w8/i_searched_for_bitcoin_in_the_panama_papers/d2zrkfq?context=3

If my memory is correct, it wasn't a secret at least in this community that Voorhees had a corporation in panama (I think it was coinapult). I think he even announced moving business to Panama at some point in the past. There is also havelockinvestments.com - a virtual stock exchange (maybe also associated with Voorheesen).

Owning an offshore entity is no crime. There may be very good reason to protect someone's privacy. Especially if you are rich. If you ask me, there are clearly political motives behind this so-called "leak". Exposing private information of individuals that are potentially completely innocent of any crime is unethical and should to be punished. Hopefully the source of the leak will be exposed.

ya.ya.yo!

[HeroCat]

This is international politic question, and will not have any direct effect on economy. Some journalists make their money - simple as that. 

[alani123]

One of the most major bitcoin holders, that is in possession of at least 100k BTC, was part of the leak. Li Xiaolai was an early miner and investor, one of the first known bitcoin millionaires.
https://offshoreleaks.icij.org/nodes/10003355

The more you look into it, the more bitcoin-related figures you'll find being part of the leaks. Shrem and Voorhees are both there.
https://www.reddit.com/r/btc/comments/4io0w8/i_searched_for_bitcoin_in_the_panama_papers/d2zrkfq?context=3

If my memory is correct, it wasn't a secret at least in this community that Voorhees had a corporation in panama (I think it was coinapult). I think he even announced moving business to Panama at some point in the past. There is also havelockinvestments.com - a virtual stock exchange (maybe also associated with Voorheesen).

Owning an offshore entity is no crime. There may be very good reason to protect someone's privacy. Especially if you are rich. If you ask me, there are clearly political motives behind this so-called "leak". Exposing private information of individuals that are potentially completely innocent of any crime is unethical and should to be punished. Hopefully the source of the leak will be exposed.

ya.ya.yo!

The way I see this, there's a special kind of irony in the work of those people. Most of them try to portray bitcoin as a free currency, "the currency of the people" as some would say. Li Xiaolai for example has been saying that people shouldn't use bitcoin just to attempt to get Rich, yet he's leading by example by taking assets abroad to avoid paying taxes out of greed.

[Denker]

Such "leaks" should be accessible for everyone.
Some selected publishing like it is happening right now by some journalists and papers like the guardian and suddeutsche Zeitung is nothing than some motivated attacks by the ones in power.
Why the papers weren't handed to Wikileaks?
 

[yayayo]

Such "leaks" should be accessible for everyone.
Some selected publishing like it is happening right now by some journalists and papers like the guardian and suddeutsche Zeitung is nothing than some motivated attacks by the ones in power.
Why the papers weren't handed to Wikileaks?

Clearly I don't see why private information of anyone should be published. Especially if these people have not even committed a crime. Owning a firm in panama is not illegal!

This leak is just a smear campaign to discredit certain people in front of the public. Some kind of public sentencing by the jealous majority disguised as moral, while there is no actual crime to be sentenced for. For me this is repulsive. Are rich people not entitled to human rights?

Although in general I agree that information should be distributed to the public as a whole and not only to selected journalists. Maybe these journals paid the most for the information, or they were chosen, because they frame their articles in a certain way...

ya.ya.yo!

[OROBTC]

...

Denker, alani123, yayayo,

Yeah, it certainly seems that the leakers were selective in whom they chose to expose. 

Yeah, political would be my guess as well.

But would sending all that to wikileaks have been any less political?

[DimensionZ]

Hey guys I read some days ago an article about the British actress Emma Watson who starred in the Harry Potter movies accusing her of having an offshore company in Panama and her name was leaked as well in the Panama Papers. I think the celebrities are just trying to hide their money from the general public for privacy reasons and not necessarily for tax evasion but I may be wrong.

[Pab]

Main question is to which bank that firm belongs,there is thousends firms like thay,thay all belongs to banks
Deutche Bank,Commerzbank,JP Morgan etc it is big banks most lucrative business and all that relations
between banks and politicins,top people,top frms who are hiding his money,it is point