![]() ![]() ![]() ![]() Since the 70s the law firm has expanded operations and now works with affiliated offices in 44 countries, including the Bahamas, Cyprus, Hong Kong, Switzerland, Brazil, Jersey, Luxembourg, the British Virgin Islands, and-perhaps most troubling-the US, specifically the states of Wyoming, Florida, and Nevada. Reports say more than 11.5 million documents and implicating 72 current and former heads of state –were obtained by the German newspaper Suddeutsche Zeitung (SZ) and shared with the International Consortium of Investigative Journalists (ICIJ).įounded in Panama in 1977 by German-born Jurgen Mossack and a Panamanian man named Ramón Fonseca, a vice president of the country’s current ruling party, it later added a third director, Swiss lawyer Christoph Zollinger. According to Vice, for years, scattered news accounts and international investigations have pointed to Mossack Fonseca as one of the widest-reaching creators of shell companies in the world, but it has, until now, used an array of legal and accounting tricks that have allowed it and its clients to mostly fly under the radar. The law firm has been in hot waters for some time. ![]()
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