homerics:

the panama papers: the biggest secret data leak in history (a concise masterpost)

so what is it?

• they are leaked documents that contain information from Panama based Mossack Fonseca, “a law firm that specializes in the creation of off shore accounts designed to hide wealth in tiny island tax havens”
• this video sums up what is in the documents (tw: sex slavery, death)

which news outlets are reporting the information?

• full list here
• The Guardian has a series of very good explanations and in depth articles
• Reddit is “doing their thing” and has a detailed live thread
• the German newspaper Süddeutsche Zeitung that first exposed the leak

wait, okay, so how is the data leak important?

• mostly because it incriminates some of the world’s top politicians and key wealthy individuals as they engage in off-shore laundering, tax evasion, and other crimes (x) 
• Vladimir Putin 
• Sigmundur David Gunnlaugsson, prime minister of Iceland
• the implications of his activities 
• Petro Poroshenko, president of Ukraine 
• a FIFA ethics committee member (inc. Lionel Messi) 
• HRH Prince Salman, King of Saudi Arabia
• numerous relatives and associates of political leaders 
• and other very important people

are there any *insert notable Americans/Canadians/(citizens of your country)* involved?

• as of now, only 149 documents have been released (publicly) out of 11.5 Million, so it’s guaranteed that more incriminating evidence will surface
• “editor of Süddeutsche Zeitung responded to the lack of U.S. individuals in the documents, saying “Just wait for what is coming next"” (x)

other important links

• glossary for offshore banking terms
• the wikipedia page
• shell companies explained, in “simple english”
• a video explaining the potential illegality of offshore comapanies 
• client announcement sent by Mossack Fonseca
• video: so how does a person hide a billion dollars?
• possibilities to what will happen in Panama

this is going to change the world as we know it.

updated as of april 4th