Secrecy World: Inside the Panama Papers, Illicit Money Networks, and the Global Elite

Secrecy World: Inside the Panama Papers, Illicit Money
    Secrecy World: Inside the Panama Papers, Illicit Money fraud on a global scaleA hidden circulatory system flows beneath the surface of global finance, carrying trillions of dollars from drug trafficking, tax evasion, bribery, and other illegal enterprises This network masks the identities of the individuals who benefit from these activities, aided by bankers, lawyers, and auditors who get paid to look the other wayIn The Laundromat, the Pulitzer Prize winning investigative reporter Jake Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca a trove now known as the Panama Papers as well as other journalistic and government investigations Bernstein shows how shell companies operate, how they allow the superwealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globeBernstein traveled to the Caribbean, Latin America, Europe, and within the United States to uncover how these strands fit together who is involved, how they operate, and the real world impact He recounts how Mossack Fonseca was exposed and what lies ahead for the corporations, banks, law firms, individuals, and governments that are implicated The Laundromat offers a disturbing and sobering view of how the world really works and raises critical questions about financial and legal institutions we may once have trusted."/>
  • Paperback
  • 368 pages
  • Secrecy World: Inside the Panama Papers, Illicit Money Networks, and the Global Elite
  • Jake Bernstein
  • 13 July 2019
  • 1250182468

About the Author: Jake Bernstein

Is a well known author, some of his Inside the Epub ß books are a fascination for Secrecy World: Epub / readers like in the Secrecy World: Inside the Panama Papers, Illicit Money Networks, and World: Inside the PDF ✓ the Global Elite book, this is one of the most wanted Jake Bernstein author readers around the world.


Secrecy World: Inside the Panama Papers, Illicit Money Networks, and the Global Elite❮Ebook❯ ➥ Secrecy World: Inside the Panama Papers, Illicit Money Networks, and the Global Elite Author Jake Bernstein – Johndore.co.uk An Upcoming Major Motion Picture from Director Steven Soderbergh, Starring Meryl Streep, Gary Oldman, and Antonio BanderasA two time Pulitzer Prize winning journalist takes us inside the world reveale An Upcoming Major Motion Picture from Director Steven Inside the Epub ß Soderbergh, Starring Meryl Streep, Gary Secrecy World: Epub / Oldman, and Antonio BanderasA two time Pulitzer Prize winning journalist takes us inside the World: Inside the PDF ✓ world revealed by the Panama Papers, a landscape of illicit money, political corruption, and fraud on a global scaleA hidden circulatory system flows beneath the surface of global finance, carrying trillions of dollars from drug trafficking, tax evasion, bribery, and other illegal enterprises This network masks the identities of the individuals who benefit from these activities, aided by bankers, lawyers, and auditors who get paid to look the other wayIn The Laundromat, the Pulitzer Prize winning investigative reporter Jake Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca a trove now known as the Panama Papers as well as other journalistic and government investigations Bernstein shows how shell companies operate, how they allow the superwealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globeBernstein traveled to the Caribbean, Latin America, Europe, and within the United States to uncover how these strands fit together who is involved, how they operate, and the real world impact He recounts how Mossack Fonseca was exposed and what lies ahead for the corporations, banks, law firms, individuals, and governments that are implicated The Laundromat offers a disturbing and sobering view of how the world really works and raises critical questions about financial and legal institutions we may once have trusted.

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10 thoughts on “Secrecy World: Inside the Panama Papers, Illicit Money Networks, and the Global Elite

  1. David says:

    At this writing, a lot of people are seemingly terrified of people dressed as clowns, yet are completely comfortable with people dressed as lawyers or accountants I put it to you that this is unreasonable because, as far as I know, no clown has ever looted a pension fund for widows and orphans of coal miners Kindle location 909 , nor has any member of the red nose and floppy shoes crowd ever caused the suicide of a small businessman by committing insurance fraud location 3769 These tragedie At this writing, a lot of people are seemingly terrified of people dressed as clowns, yet are completely comfortable with people dressed as lawyers or accountants I put it to you that this is unreasonable because, as far as I know, no clown has ever looted a pension fund for widows and orphans of coal miners Kindle location 909 , nor has any member of the red nose and floppy shoes crowd ever caused the suicide of a small businessman by committing insurance fraud location 3769 These tragedies were caused by, respectively, a lawyer and an accountant, both using the services of Panamanian off shore shell company specialist Mossack Fonseca This firm, right up to and past the moment they were exposed to the world, insisted they did not suspect any of their clients were involved in illegal activities Mossack Fonseca also claimed their lackadaisical attempts to inform themselves about their clients activities exempted them from any liability or blame.A Panama Papers related tragedy that you won t read about in this book is the 16 October 17 murder of Maltese investigative journalist Daphne Caruana Galizia This is no fault of the author s the murder took place after the electronic galley proof was made available, free of charge, to reviewers like me Daphne Caruana Galizia is only mentioned briefly in this book l 4864 , and only because she was able to put certain pieces together and told the world the Panama Papers investigations were coming 24 hours before their official release However, since then, Caruana Galizia mined the wealth of Panama Papers information and other sources to expose the hypocrisy of the wealthy and powerful in her home country Her work caused her death.A lot of this very readable book is about the efforts of a large and far flung team of investigative journalists who, often defying personal egomania, stifling bureaucracy, and the 24 hour newscycle driven desire for content now at any cost, worked effectively as a team and published simultaneously across the globe for maximum effect There are many interesting in an enraging kind of way digressions in the story on the path to this end For example the 292 foot yacht Donald Trump bought in 1988 l 396 had a previous life as a floating brothel for a corrupt arms dealer, and former Vice president Dick Cheney was no stranger to offshore companies l 1181 , especially during certain Wyoming land deals in the 1990s.Also interesting was Chapter 8, The Art of Secrecy l 2132 , which explains how many of the world s treasures, both from antiquity and later, some looted and sold by the Nazis, lie crated in climate controlled Geneva warehouses, seemingly beyond the arm of any law.President Trump, unsurprisingly, figures prominently throughout this book, buying yachts, lamenting the Foreign Corrupt Practices Act l 5239 , and engaging in lunatic failed development projects on various continents e.g., New York l 5328 and Baku l 5415 with partners who regularly used offshore banking Most interesting, though, is the author s contention that the revelations in the Panama Papers led to Trump s election The argument goes like this It is impossible to determine who the leaker of the Panama Papers who styled himself John Doe is It is of course possible that the leaker was a state agency, meaning, a Western intelligence service It is nearly impossible to prove it was not a state actor However, Doe himself has said I do not work for any government intelligence agency, directly or as a contractor, and I never have l 5113 One web site specializing in information security said hacking Mossack Fonseca wouldn t even tax a beginning security analyst , while Forbes magazine wrote a teenager with no hacking knowledge other than basic googling skills could have done it.Nevertheless, Russian President Vladimir Putin and his circle of cronies, whose many corrupt dealings were exposed, lept to the conclusion that the Panama Papers leak was a CIA plot This tendency to attribute a starring role in misfortunes to nefarious government agencies is common in Russians and, to be fair, other nationals as well because it both makes the self proclaimed victim feel important see next paragraph but also allows the victim to proceed without examining the role his or her own personal shortcomings had.I mean, having your unalloyed avarice paraded in public is bad enough, but if you knew that the cause of your woes was actually some 14 year old in his mother s basement in Cleveland, it would be another serious blow to your personal dignity.But I digress The argument continues that the rage and desire for revenge by Putin and cronies against the perceived author of their misfortune led to the mobilization of great Russian resources, including the mobilization of troll farms in St Petersburg and elsewhere, and wholesale manufacture of fake news, etc., which in turn led to a lot of the credulous to vote for the bloviating failed developer and reality television star for President.As is probably obvious, I found this explanation compelling and well argued, and I think you should, too I recommend this book both for its thesis and its relative readability meaning, while not a novel, it is easy to follow.An unconnected note or two At Kindle location 667, the Liberian ship registry, a New York based enterprise that has for many decades allowed ship owners to avoid onerous safety regulations and labor protectors required in other jurisdiction, is said to be the brainchild of an unnamed former U.S S ecretary of S tate Of course, I wanted to know which one It was Edward Stettinius, who served under President Franklin Roosevelt.There have been reports that this book will be made into a movie.I received a free advanced electronic galley copy of this book for review Thank you to NetGalley and Henry Holt and Company for their generosity

  2. Brian says:

    3.5 Mostly a recap of the most prominent clients of Mossack FonsecaWhen the book got closest to narrative was where it was best the contact with John Doe, internal tension within the ICIJ, how to coordinate hundreds of journalists from around the world, make the data available and searchable for all of them, and still keep the story under wraps It s amazing they did as well as they did And fortunate that Wikileaks didn t get ahold of the data sooner, though John Doe apparently reached out 3.5 Mostly a recap of the most prominent clients of Mossack FonsecaWhen the book got closest to narrative was where it was best the contact with John Doe, internal tension within the ICIJ, how to coordinate hundreds of journalists from around the world, make the data available and searchable for all of them, and still keep the story under wraps It s amazing they did as well as they did And fortunate that Wikileaks didn t get ahold of the data sooner, though John Doe apparently reached out to them too but was were ignored Second best was the history of tax havens, how Panama, the British Virgin Islands, Delaware etc became center of the universe of shell companies, titular directors, powers of attorney, bearer shares.Least interesting was the long list of tax evaders and corrupt leaders We saw most of those in the headlines and the reading was kind of like a collage of newspaper snippets, trying to tie them all together

  3. Eileen says:

    This is a must read book It reads like a suspense novel If you want to learn how not to pay your taxes, this is a book for you It seems that the rich from all over the world are doing this Whether it s thru shell companies or art work As one person put it, he wasworried about his wife finding out then the tax man This book is a great read.

  4. Joe Tauzer says:

    is the organization we have to thank for compiling most of the data from the hacks They have a great website which I recommend you look in to and try your alma mater in the search bar I found my former college along with many of the colorful characters in this book, in the ranks entities who own offshore accounts is the organization we have to thank for compiling most of the data from the hacks They have a great website which I recommend you look in to and try your alma mater in the search bar I found my former college along with many of the colorful characters in this book, in the ranks entities who own offshore accounts

  5. Daniel says:

    This is the triumphant conclusion to Obermayer s The Panama Paper s published in 2016 Then, Obermayer brought the files to ICIJ, or the International Consortium of Investigarice Journalists The lawyers came up with stories which they mainstream media companies refused to publish at first Journalists going through the leaked data often with little support from their editors, sometimes supporting themselves by doing odd jobs Other journalists suffer suppression and one Maltese journalist Carua This is the triumphant conclusion to Obermayer s The Panama Paper s published in 2016 Then, Obermayer brought the files to ICIJ, or the International Consortium of Investigarice Journalists The lawyers came up with stories which they mainstream media companies refused to publish at first Journalists going through the leaked data often with little support from their editors, sometimes supporting themselves by doing odd jobs Other journalists suffer suppression and one Maltese journalist Caruaba Galizia even died in a car bombIn this book, Bernstein detailed the results of the investigation Mossack Fonseca was the pioneer of the Secrecy World, helping individuals and companies open shell companies They provide the lawyers and even their staff as nominal directors, some being in charge over 1000 companies All these are to allow criminal money laundering, bribery and tax avoidance Eventually, the leak proved to be its downfall, as the dedicated international team of investigative lawyers ploughed throughthan 1 terabyte of data to piece together the stories The book detailed the Secrecy World s network of countries such as Panama, British Virgin Islands, States of Delaware and Nevada, Switzerland and Luxembourg had bank secrecy laws to protect the privacy of bank customers HSBC was singled out as the most important bank with dealings all over the world to launder money It was fined 1.9 billion dollars Other banks were soon also under scrutiny and fined billions, and tax haven reforms had started The prime minister of Iceland lost his job German citizens volunteered to pay back owed taxes to their government ICIJ received numerous prizes including a Pulitzer for all the hard work that the journalists put in Tax laws are stricter now, but according to Bernstein, money has just been transferred to other counties not in the radar, such as Singapore and States such as Delaware and Nevada However the climate has certainly changed, as evidence by the requirement of banks in Singapore for us to declare that we are not an American person for the purpose of tax reporting A solid 5 stars All the hard work by the dedicated journalists is very important to society indeed Thank you

  6. Kevin Doyle says:

    An extraordinary book I am under few enough illusions about how capitalism has pillaged the planet and brought it to edge of ruin, BUT that said this book opens up the reader to organised financial corruption at a level and scale that is truly staggering The book is very well structured and comprehensive, as well as being easy to read I put it aside a few times just to have a break from the excesses of greed depicted in its pages But it puts much in perspective, not least the huge and growin An extraordinary book I am under few enough illusions about how capitalism has pillaged the planet and brought it to edge of ruin, BUT that said this book opens up the reader to organised financial corruption at a level and scale that is truly staggering The book is very well structured and comprehensive, as well as being easy to read I put it aside a few times just to have a break from the excesses of greed depicted in its pages But it puts much in perspective, not least the huge and growing disparity in wealth in the world today

  7. Matt Forbeck says:

    Sharp Reporting A great elucidation of the secret world of offshore accounts and money laundering Helps to explain the kleptocracy we find ourselves living in today.

  8. W. Whalin says:

    Fascinating StorytellingI selected this audiobook randomly and knew nothing about the author or the world of secret money How do the wealthy shield their money and income from taxes with off shore accounts How does the mafia and drug lords hide their resources How did this secret world get started in the first place These questions and muchare answered in SECRECY WORLD by Pulitzer prize winning journalist Jake Bernstein Enter the world of secret money in this book and Bernstein has do Fascinating StorytellingI selected this audiobook randomly and knew nothing about the author or the world of secret money How do the wealthy shield their money and income from taxes with off shore accounts How does the mafia and drug lords hide their resources How did this secret world get started in the first place These questions and muchare answered in SECRECY WORLD by Pulitzer prize winning journalist Jake Bernstein Enter the world of secret money in this book and Bernstein has done incredible detailed research to weave these details into fascinating stories It s a world that I know nothing about but I m far better for having listened to SECRECY WORLD from cover to cover I highly recommend this well crafted book.As a trained journalist, I loved where his editor interviewed Bernstein at the end of the audiobook He apparently had never read the audiobook before and he said if he had it to do over, he would use shorter sentences and less foreign names This interview is an insightful addition to the audiobook material and something I highly recommend.W Terry Whalin is an editor and the author ofthan 60 books Straight Talk From the Editor

  9. Cheryl says:

    I am aware that money laundering goes on When I think of this I instantly do think of Panama as the first place followed by the Caribbean next Yet, I haven t thought to much about business laundering There is a huge secret network of corporations that manage the purchasing, selling, paperwork, logistics, etc If you want to chance the IRS not knowing your true financial worth then you might go seeking one of these corporations Mr Bernstein takes readers into the dark underbelly of this I am aware that money laundering goes on When I think of this I instantly do think of Panama as the first place followed by the Caribbean next Yet, I haven t thought to much about business laundering There is a huge secret network of corporations that manage the purchasing, selling, paperwork, logistics, etc If you want to chance the IRS not knowing your true financial worth then you might go seeking one of these corporations Mr Bernstein takes readers into the dark underbelly of this and other secret worlds Mr Bernstein shows with his research the network that exists in the shadows The research is well done and thoroughly well written The only thing is that I liked reading this book but I also don t want to just read a book on a subject What I mean is that I want to experience ahh ha moments and not feel like I am just reading a history or research paper Overall, I still did enjoy reading this book I did learn a lot

  10. Ginger Griffin says:

    Welcome to the Mos Eisley Cantina of money Drug lords, arms traffickers, mobsters, kleptocrats, money launderers, generic billionaires, and creeps who steal from funds set up for orphans all enjoy anonymity and evade taxes in the world of off shore shell companies Some light was thrown on this underworld when the Panama Papers were released But the dodges continue and involve not just billions, but trillions, of dollars Plenty of politicians, both left and right, take part in the big Welcome to the Mos Eisley Cantina of money Drug lords, arms traffickers, mobsters, kleptocrats, money launderers, generic billionaires, and creeps who steal from funds set up for orphans all enjoy anonymity and evade taxes in the world of off shore shell companies Some light was thrown on this underworld when the Panama Papers were released But the dodges continue and involve not just billions, but trillions, of dollars Plenty of politicians, both left and right, take part in the big bucks fun And one name that comes up prominently is Donald Trump, who has worked for years with some of the seediest characters while claiming to know nothing about their corruption and illegal activities