Category Archives: Panama Papers
4 men indicted in connection to Panama Papers investigation
Four men connected to the Panama Papers investigation have been indicted for their roles in allegedly defrauding the US government through international money laundering and wire fraud associated with Panamanian law firm Mossack Fonseca, the Justice Department announced Tuesday. The Panama Papers, revealed in April 2016, consisted of more than 11 million documents connecting… Read More »
Panama Papers: Mossack Fonseca Raided by Organized Crime Prosecutors
PANAMA CITY — Organized crime prosecutors raided the offices of the Mossack Fonseca law firm Tuesday looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens it set up for wealthy international clients. Soon after news reports based on a trove of documents from the firm began… Read More »
Secret Shell Game: A global investigation of offshore companies
The Miami Herald spent months investigating how people accused of wrongdoing abroad used offshore shell companies to buy South Florida real estate. “Secret Shell Game” was based on an analysis of 11.5 million secret files from inside Mossack Fonseca, a Panamanian law firm. For decades, the world’s wealthiest and most politically connected people have asked… Read More »
Italian fugitive used Miami firms to set up offshore
When two Miami firms set up an offshore company for Giuseppe Donaldo Nicosia in 2011, they didn’t know the Italian businessman would be accused of masterminding a $48 million tax fraud three years later. Or that one of his alleged partners in the scheme, an Italian senator and ally of former premier Silvio Berlusconi,… Read More »
Miami Beach’s stoner gun-runner drama — now a Hollywood movie —
The tale of how three young guys from Miami Beach won hundreds of millions in weapons contracts from the Pentagon has been turned into a Rolling Stone article, a book and a soon-to-appear Hollywood movie called War Dogs. Efraim Diveroli, David Packouz and Alexander Podrizki sold aging weapons and ammunition originally from China and… Read More »
Panama Papers: Miami Beach fraudsters hid loot in offshore companies
Among the many questionable customers of Panamanian law firm Mossack Fonseca were a Miami Beach father and son convicted of a $49 million tax fraud in 2011. Mauricio Cohen Assor, 82, and Leon Cohen-Levy, 51, hid a Miami Beach mansion, a Fisher Island condo, bank accounts, luxury cars and even a helicopter from the… Read More »
Panama Papers: Secret offshores trace back to Brickell condo featured on ‘Miami Vice’
To set up secret offshore companies, members of Latin America’s elite turn to a condo at a Brickell high-rise once featured on Miami Vice. Olga Santini, the Miami representative for Panama-based law firm Mossack Fonseca, works out of a two-bedroom unit at the Palace, a waterfront tower on Brickell Avenue. Mossack Fonseca specializes in setting… Read More »
How secret offshore money helps fuel Miami’s luxury real-estate boom
At the end of 2011, a company called Isaias 21 Property paid nearly $3 million — in cash — for an oceanfront Bal Harbour condo. But it wasn’t clear who really owned the three-bedroom unit at the newly built St. Regis, an ultra-luxury high-rise that pampers residents with 24-hour room service and a private… Read More »
Investigation Unveils Corrupt Buyers in Miami’s ‘Secret Shell Game’
A look at the eye-opening report from the Miami Herald The Miami Herald, in conjunction with 100 global news partners, published a new series based on 11.5 million secret files leaked from inside Panamanian law firm Mossack Fonseca, exposing the “Secret Shell Game” in South Florida’s luxury real-estate world.The year-long investigation exposed many of… Read More »
