The Paradise Papers Data Dump: What’s Been Reported So Far
By Marcus Wright and David Kocieniewski
November 7, 2017
#2 - More than a dozen members of President Donald Trump’s inner circle, including Secretary of State Rex Tillerson and top economic adviser Gary Cohn, held undisclosed offshore companies. Robert Mercer, a Republican donor who just said he would step down as Renaissance Technology’s co-CEO, was revealed to be a director of more than eight of RenTech’s offshore subsidiaries, who used other offshore firms to shelter money his family funneled to political causes. The Blackstone Group, co-founded by Trump economic adviser Stephen Schwarzman, used trusts and companies registered in tax havens to avoid paying taxes on two U.K. commercial properties.
#5 - U.S. Commerce Secretary Wilbur Ross faces questions about his financial disclosures to Congress and the government after a report that he didn’t disclose business ties to the son-in-law of Russian President Vladimir Putin and an oligarch under U.S. sanctions. The Appleby documents included details of Ross’s stake in a shipping company, Navigator Holdings, according to the New York Times.
#9 - Prominent Silicon Valley investor Yuri Milner, who was an early backer of Facebook Inc., partnered in two investments with the Russian state-controlled bank VTB Bank PJSC before it was sanctioned, his spokesman confirmed Friday. Details about the relationship between Milner and VTB surfaced in the wake of the Paradise Papers.
Total #13 revelations, so far, check it out.
Paradise Papers leak reveals secrets of the world elite’s hidden wealth
Files from offshore law firm show financial dealings of the Queen, big multinationals and members of Donald Trump’s cabinet
Interesting times, . . .