A journalist leaked 11.5 million documents - Panama Papers Revisited

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Wall Street Apes

A journalist leaked 11.5 million documents proving the elites, politicians and celebrities were using offshore entities as tax havens, to launder money and to hide assets

The woman who leaked it was named Daphne Caruana Galizia, she was killed by a car bomb near her home

“Remember 10 years ago when the Panama Papers came out and confirmed that elites use offshore bank accounts and shell companies to move their money around and pay as close to zero in taxes as they possibly can? And all that happened was the journalist that leaked it all got assassinated?”

Here’s what happened

A massive leak of 11.5 million documents (2.6+ terabytes) from Mossack Fonseca, a Panamanian law firm specializing in offshore shell companies

It exposed wealthy elites, politicians, celebrities and criminals used offshore entities in tax havens (Panama, British Virgin Islands, Cayman Islands, and more to hide assets, move money secretly, avoid taxes, launder funds, and dodge sanctions.

It involved 214,000+ offshore entities, touching people in 200+ countries. Named 12 current and former world leaders, 128+ other politicians and public officials, plus businessmen, athletes and more

Almost all powerful figures faced little to no personal consequences

Exposing crimes means nothing if no one goes to jail