Posts Tagged “panama papers”
Horst Mossack is German half-brother of Panama lawyer Jürgen Mossack Told MailOnline unmasking of his sibling is ‘shocking news, astounding’ Father was in the S.S. and after is thought to have been a CIA spy in Cuba Horst was treated as shameful as a child after being born out of wedlock Last saw half-brother Jürgen 60 …
Panama Papers: “They include the off-shore assets of 140 politicians and other public figures (including 12 current or former heads of state or government), as well as 33 people and companies that were “blacklisted by the U.S. government because of evidence that they’d been involved in wrongdoing, such as doing business with Mexican drug lords, terrorist organizations like Hezbollah or rogue nations like North Korea and Iran.” Yet The Economist counts 33 Forbes list billionaires to the 140 politicians in the Panama Papers.”
Hillary Clinton recently blasted the hidden financial dealings exposed in thePanama Papers, but she and her husband have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities.
Among them are Gabrielle Fialkoff, finance director for Hillary Clinton’s first campaign for the U.S. Senate; Frank Giustra, a Canadian mining magnate who has traveled the globe with Bill Clinton; the Chagouryfamily, which pledged $1 billion in projects to the Clinton Global Initiative; and Chinese billionaireNg Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Also using the Panamanian law firm was the company founded by the late billionaire investor Marc Rich, an international fugitive when Bill Clinton pardoned him in the final hours of his presidency.
Lagarde said more global cooperation is needed to stop tax avoidance and to ensure “the net does not have little loopholes here and there”. “A lot of things have gone global but there is one thing that has not gone global and that is tax. It is still very much a local affair,” she said. “International cooperation really has to be significantly improved and we are happy to play our part.”
Almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, D.C. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO is Tony Podesta, one of the best-connected Democratic machers in the country. He founded the firm in 1998 with his brother John, formerly chief of staff to President Bill Clinton, then counselor to President Barack Obama, Mr. Podesta is the very definition of a Democratic insider. Outsiders engage the Podestas and their well-connected lobbying firm to improve their image and get access to Democratic bigwigs.Which is exactly what Sberbank, Russia’s biggest financial institution, did this spring. As reported at the end of March, the Podesta Group registered with the U.S. Government as a lobbyist for Sberbank, as required by law, naming three Podesta Group staffers: Tony Podesta plus Stephen Rademaker and David Adams, the last two former assistant secretaries of state. It should be noted that Tony Podesta is a big-money bundler for the Hillary Clinton presidential campaign while his brother John is the chairman of that campaign, the chief architect of her plans to take the White House this November.
In a recent article in the Observer, John Schindler, a security expert and former National Security Agency analyst, examined one of the U.S.-related connections associated with the Panama Papers: Russia’s largest bank, Sberbank, uses The Podesta Group as its lobbying arm in Washington, D.C. The Podesta Group’s CEO is Tony Podesta, brother of John Podesta. Of course, John Podesta served as former President Bill Clinton’s chief of staff, was an adviser to President Barack Obama and is currently chairman of Hillary Clinton’s presidential campaign. The Podesta Group is helping Sberbank (“Savings Bank” in Russian) improve its public image, so to speak. As Mr. Schindler points out, Sberbank is functionally controlled by the Kremlin—in other words, it’s controlled by Mr. Putin. “Funds moving through Sberbank are regularly used to support clandestine Russian intelligence operations, while the bank uses its offices abroad as cover for the Russian Foreign Intelligence Service,” Mr. Schindler noted.So, is Sberbank a compromising client for The Podesta Group? You bet. What the Podesta Group is really providing is political access. Based on current revelations, what the group is doing is technically legal. However, this technically legal activity is profoundly disturbing, for it is essentially access routed through the global sewer in order to avoid scrutiny. Unidentified hackers filched the Panama Papers from Mossack Fonseca’s computer system, the firm says. Ms. Clinton, during her tenure as secretary of state, allegedly mishandled classified national security information by transmitting it through her private email system and computer server. Panama Papers controversy aside, one wonders if the mainstream media will ever address a speculative but logical and intensely ironic possibility: Did a Russian intelligence operation financed by Sberbank hack Clinton’s illegal and ill-defended private system?