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Panama Papers Show How Rich United States Clients Hid Millions Abroad

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Here is the astonishing  revelations from the Panama documents... the welfare to the wealthiest Americans, disguised as asset protection schemes. The primary objective of the firm is ' to maintain the utmost confidentiality , and to open bank accounts without disclosing identities. '  These transactions and others like them for a stable of wealthy clients from the United States are outlined in extraordinary detail in the trove of internal Mossack Fonseca documents known as the Panama Papers.  In recent weeks, the revelations about his international clientele have shaken the financial world. The Times’s examination of the files found that he also had at least 2,400 United States-based clients over the past decade, and set up at least 2,800 companies on their behalf in the British Virgin Islands, Panama, the Seychelles and other jurisdictions that specialize in helping hide wealth.' 

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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