A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers, including the co-founder of a law firm that authorities say was at the center of a conspiracy to hide money linked to illegal activities.
Jürgen Mossack founded Mossack & Fonseca with then associate Ramón Fonseca, who died in May. Mossack was acquitted on Friday along with others after a Panamanian judge found that the evidence against Mossack didn’t comply with the chain of custody after authorities raided the office of the now defunct firm.
Prosecutors had accused Mossack, Fonseca and others of creating offshore companies and using complex transactions to hide money from illegal activities related to the so-called car wash corruption scandal involving Brazilian construction company Odebrecht, which pleaded guilty in U.S. federal court to a charge related to using shell companies to hide millions of dollars in bribes paid worldwide to win public contracts.
The judge noted that other evidence in the Panama Papers case “was not sufficient and conclusive to determine the criminal responsibility of the accused.”
Mossack was acquitted on Friday along with others after a Panamanian judge found that the evidence against Mossack didn’t comply with the chain of custody
Uh oh, looks like the door to the evidence locker got left open and random people who are totally not related to MF and the people who they hid money for got in and rustled everything up. Looks like we gotta aquit them. Aw shucky dee, we’re really sorry all. Looks like those pesky richers are going to go free with no consequences, no one could see this coming.
Now they can get back to murdering journalists with impunity.
Daphne Galizia died for this
I didn’t know that. Thanks for sharing.
I don’t know why we’re even remotely concerned with some businessmen, well respected in their communities, conducting perfectly reasonable financial transactions when just last week, I saw a BROWN person in an orange grove, taking all the jobs from “the blacks” and forcing them into poverty!
Heavy /s though with use of actual sound bites from our burgeoning overlords.
Don’t forget about how drag queens are going to destroy the economy by turning our children trans.
The Laundromat (2019) attempts to describe the human impact of this kind of large-scale money laundering. It’s worth watching.
I was just about to download it but 40% on RT… Man, that’s rough 😂 I think I pass.
Fuck RT and their stupid ratings. Do you have any idea how many highly rated turds and low rated diamonds I’ve watched?
Take ratings under advisement, but don’t base a watch/don’t watch just on that, you’ll miss too many enjoyable movies just because internet mouth breathers didn’t like it.
It’s better than that, a solid enough 6.5/10 but clunky script wise in places, but does a good job, with a great cast, of explaining the impact of this sort of thing in an entertaining way
Hella entertaining with a damn good (albeit minor) twist at the end
It’s really good
Honestly, it was way better than decent. Not a “see it theaters” but definitely “YT rental” before discount. And it’s by Bill S Preston.
40 isn’t even that bad. Also RT sucks
Let me guess, just recently somehow the judge got rich and now the evidence is not sufficient so they can’t do anything.
The bribe wasn’t paid in advance, so it’s a totally cool and legal gratuity. -U.S. Supreme Court
The most insane ruling—until overturning chevron.
Yippee. Things are going so well.
It’s rather disturbing that Germany and Japan may be the last major powers with an actual functioning democracy. The irony.
Well with the anti immigrant sentiment surging in Germany, I dunno how much longer that will be the case.
I don’t know why the article isn’t explicit but this was a Panamanian judge, not an American one. Most of the Panama Papers prosecutions of the actual law firm were in Panama.
*She
EDIT: To be clear, the commenter originally wrote, “he” which clearly shows that they didn’t read the article. I simply pointed out that the judge was, in fact, a woman which is made clear in the article, which I read. OC covered up the fact that they commented without reading the article by editing their comment to “they”.
At a few billions net worth, the law ceases to be a problem, obviously.
And that judge will retire to his villa where his children and grandchildren will constantly visit. There will be no talk of politics, or the issues of the world. The man has his bubble and will never see the consequences of his actions.
Best justice money can buy. Almost as good as in the US.
Justice aligning itself with money is a resurgent trend worldwide.
Hilarious times ahead.
The simulation keeps on churning…
Removed by mod
This is the best summary I could come up with:
The judge noted that other evidence in the Panama Papers case “was not sufficient and conclusive to determine the criminal responsibility of the accused.”
“We feel satisfied in the midst of mixed emotions, because many lives were affected along the way,” Guillermina Mc Donald, who was the defense attorney for Mossack and Fonseca, told The Associated Press.
Judge Balaoisa Marquínez had decided to combine the Panama Papers case with another known as “Operation Car Wash,” a major anti-corruption investigation that began in Brazil.
On Friday, she ruled that in the car wash case, “it was not possible to determine the entry of money from illicit sources, coming from Brazil, into the Panamanian financial system with the purpose of hiding, concealing, disguising or helping to evade the legal consequences of the preceding crime.”
The investigation in Brazil began in 2014, with the Mossack & Fonseca firm later coming under scrutiny after 11 million financial documents tied to the company were leaked.
The repercussions of the leak were widespread: it led to the resignation of a prime minister in Iceland and brought scrutiny to now former leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others.
The original article contains 403 words, the summary contains 198 words. Saved 51%. I’m a bot and I’m open source!
