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Was Mossack Fonseca set up to launder Nazi money? Financial warfare on Iceland govt. Panama Papers

598 views · Published 11 April 2016 · 6:15 · Indexed 21 October 2026

Channel: Public Enquiry · 2016 · News & Politics

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The Panama Papers: The People Deceived
Column: Politics Region: USA in the World
Umberto Eco in his last book, Numero Zero, in describing the reality of the manipulating and manipulated western media, has a newspaper editor say, “let’s just stick to spreading suspicion. Someone is involved in fishy business, and though we don’t know who it is, we can give him a scare. That’s enough for our purposes. Then we’ll cash in, our proprietor can cash in, when the time is right.”......
The point is made. This is not some independent, muckraking group dedicated to truth and democracy. This is a group of propagandists who, under the cloak of journalism, carry out the art of deception on behalf of the American government and secret services. Indeed in the annual report, they even quote President Obama approving their work. In January this same group launched an attack on the government of China with another story of “leaked” financial documents implicating the Chinese leadership and have done it again in this new story, now doubt part of the “pivot to China.”
http://journal-neo.org/2016/04/09/the-panama-papers-the-people-deceived/

Law firm at heart of ‘Panama Papers’ leak owned by Nazi’s son
Erhard Mossack, father of one of Mossack Fonseca founders, served as a combat soldier in Waffen SS during World War II
http://www.timesofisrael.com/law-firm...
By TIMES OF ISRAEL STAFF AND AFP April 4, 2016
Mossack Fonseca, the Panama-based law firm at the heart of the so-called “Panama Papers” scandal, is a discreet outfit with a roster of big-name clients and a quiet reputation for hiding money from the tax man.
But the company apparently also had another secret. One of its founders, Jurgen Mossack, is the son of a Nazi SS soldier who was a member of the “Totenkopf” (Death’s Head) fighting unit during World War II, the Daily Mail reported Monday.
Citing German media, the report said that Erhard served as a rottenfuehrer (senior corporal) in the Waffen SS.
The Waffen SS recruited into its ranks many concentration camp guards when it was formed into a combat division. However, Erhard likely only served in the fighting unit, which used the death’s head symbol as its insignia....
The cloak of secrecy that Mossack Fonseca wrapped around itself was ripped apart on Sunday, when media organizations around the world published information from a massive leak from the firm’s supposedly secure data center.

Inside Mossack Fonseca
So who runs Mossack Fonseca, whose headquarters are housed in a fairly nondescript mirrored building in Panama’s business district?
One of the two lawyers who founded the firm more than three decades ago, Jurgen Mossack, was born in Germany in 1948 and moved to Panama with his family, where he obtained his law degree.
The other founder is Fonseca, born in 1952. He, too, got his law degree in Panama but also studied at the prestigious London School of Economics, and once said in an interview he had mulled becoming a priest.
Fonseca had a small business until he merged with Mossack and the two went after offshore business by opening offices in the British Virgin Islands.
The ICIJ said the leak shows that half of the companies the law firm incorporated — more than 113,000 — were done so in that fiscal paradise.
But Mossack Fonseca also branched out to the Pacific, to a tiny island nation called Niue.
According to the ICIJ, by 2001 the firm was earning so much from its offshore registrations on the island it was contributing 80 percent to Niue’s annual budget.
When the British Virgin Islands was forced to clamp down on some methods that had previously permitted anonymous ownership of companies, Mossack Fonseca moved business to Panama and to the Caribbean island of Anguilla.

Online scrubbing
The law firm spent money to try to remove online references linking it to money laundering and tax evasion.
But other countries took an increased interest in what it was doing. In Brazil, it was named as being one of the parties within a huge bribery scandal unfolding involving the state oil company Petrobras.
It also came under scrutiny in the US state of Nevada, where a judge determined that it had willfully tried to cover up its management role over its local branch there.
Last month, Fonseca — who had also been an adviser to Panamanian President Juan Carlos Varela since 2014 — declared he was taking a leave of absence.
The step was to “defend my honor,” he said, as the Brazilian allegations piled up.

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