First Israelis indicted from Panama Papers information ... publication of the Panama Papers and the intelligence gathered onIsraelis who have ...
http://www.globes.co.il/en/article-first-two-israelis-indicted-from-panama-papers-1001154899 The Tel Aviv Magistrates Court has ordered the arrest and released on bail two business partners, suspected of not reporting income of millions of shekels from companies registered in tax shelters abroad. The arrest of the suspects is part of an investigation run by the Tax Authority's Central District Investigations tax inspector following the publication of the Panama Papers and the intelligence gathered on Israelis who have founded companies in tax shelters........... The arrest requests claimed that in 2008 the suspects, who are directors and shareholders in several companies in Israel and abroad, used a firm specializing in this field to open several companies in tax shelters (Anguilla, Belize and the British Virgin Islands), in order to conceal their ownership..........
Panama Papers,Clinton's Iran Contra CIA Saudi Money Launderers,Arms Trafickers,Stock Frauds Against America
Panama Papers: Links revealed to spies and Iran-Contra affair
Documents show ex-CIA gun-runners, contractors use offshore firms for personal gain
Updated: Tue, Apr 5, 2016, 19:10
Will Fitzgibbon
Adnan Khashoggi: Saudi billionaire negotiated billions of dollars in weapons sales to Saudi Arabia in the 1970s and played “a central role for the US government” with CIA operatives in selling guns to Iran, according to a 1992 US Senate report co-written by then-Senator John Kerry, now the US secretary of state. Photograph: Getty Images
Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn
One day during his presidential re-election campaign in September 1996, Bill Clinton walked into a room in Westin Crown Center hotel in Kansas City. At stake was a quarter-million dollars in campaign fundraising. Clinton turned to his generous host, Farhad Azima, and led the guests in song.
“Happy birthday to you, happy birthday to you....”
Azima, an Iranian-born American charter airline executive, had long donated to Democratic and Republican administrations. He visited the Clinton White House 10 times between October 1995 and December 1996, including private afternoon coffees with the president. Years later, as Hillary Clinton stood for election to the Senate in December 1999, Azima hosted her and 40 guests for a private dinner that raised $2,500 a head.
Azima’s Democratic fundraising activities provided an interesting twist in the career of a man who has found himself in a media storm of one of America’s major political scandals, the Iran-Contra affair, during the Republican Reagan Administration.
In the mid-1980s, senior Reagan administration officials secretly arranged to sell weapons to Iran to help free seven American hostages then use the sale proceeds to fund right-wing Nicaraguan rebels known as the Contras. On a mission to Tehran in 1985, one of Azima’s Boeing 707 cargo planes delivered 23 tons of military equipment, the New York Times reported. Azima has always claimed to know nothing about the flight or even if it happened.
“I’ve had nothing to do with Iran-Contra,” Azima told ICIJ. “I was investigated by every known agency in the US and they decided there was absolutely nothing there,” said Azima. “It was a wild goose chase. The law enforcement and regulators fell for it.”
Now, records obtained by the International Consortium of Investigative Journalists, the German newspaper Süddeutsche Zeitung and other media partners including The Irish Times reveal new details about one of America’s most colourful political donors. The records also disclose offshore deals made by another Iran-Contra figure, the Saudi billionaire Adnan Khashoggi.
The more than 11 million documents – which stretch from 1977 to December 2015 – show the inner workings of Mossack Fonseca, a Panamanian law firm that specializes in building labyrinthine corporate structures that sometimes blur the line between legitimate business and the cloak-and-dagger world of international espionage.
Spies’ Offshore Dealings
The documents also pull back the curtain on hundreds of details about how former CIA gun-runners and contractors use offshore companies for personal and private gain. Further, they illuminate the workings of a host of other characters who used offshore companies during or after their work as spy chiefs, secret agents or operatives for the CIA and other intelligence agencies.
“You can’t exactly walk around saying that you’re a spy,” says Loch KJohnson, a professor at the University of Georgia, in explaining the cover that offshore firms offer. Johnson, a former aide to a US Senate committee’s intelligence inquiries, has spent decades studying CIA “front” companies.
The documents reveal that Mossack Fonseca’s clients included Saudi Arabia’s first intelligence chief who was named by a US Senate committee as the CIA’s “principal liaison for the entire the Middle East from the mid-1960s through 1979”, Sheikh Kamal Adham, who controlled offshore companies later involved in a US banking scandal; Colombia’s former chief of air intelligence, retired maj gen Ricardo Rubianogroot, who was a shareholder of an aviation and logistics company; and Brig Gen Emmanuel Ndahiro, doctor-turned-spy-chief to Rwanda’s president Paul Kagame.
Adham died in 1999. Ndahiro did not respond to requests for comment. Rubianogroot confirmed to ICIJ partner and Colombian investigative journalism organisation, Consejo de Redacción, that he was a small shareholder in West Tech Panama, which was created to buy an American avionics company. The company is in liquidation.
“We conduct thorough due diligence on all new and prospective clients that often exceeds in stringency the existing rules and standards to which we and others are bound,” said Mossack Fonseca in a statement. “Many of our clients come through established and reputable law firms and financial institutions across the world, including the major correspondent banks . . . If a new client/entity is not willing and/or able to provide to us the appropriate documentation indicating who they are, and (when applicable) from where their funds are derived, we will not work with that client/entity.”
Even wannabe spooks can be found.
“I’ll suggest a name like ‘World Insurance Services Limited’ or maybe ‘Universal Exports’ after the company used in the early James Bond stories but I don’t know if we’d get away with that!” wrote one financier to Mossack Fonseca in 2010 on behalf of a client creating a front company in the British Virgin Islands (BVI). Universal Exports was a fictional company used by the British Secret Service in Ian Fleming’s James Bond novels.
The files further show that Mossack Fonseca also incorporated companies named Goldfinger, SkyFall, GoldenEye, Moonraker, Spectre and Blofeldafter James Bond movie titles and villains and was asked to do the same for Octopussy. There is correspondence from a man named Austin Powers, apparently his real name and not the movie character, and Jack Bauer, whom a Mossack Fonseca employee entered into the firm’s database as a client and not the television character after the employee “met him at a pub.”
But Mossack Fonseca’s connection to espionage is more often fact, not fiction.
Since Snowden's leaks, pundits and experts (myself included) have debated .... of 100 percent surveillance in the Bahamas — all without legal warrants. .... to make them cooperate with Israel,” one member of the dissenting ...
http://www.wnd.com/2016/09/hsbc-case-blows-lid-on-clintons-offshore-empire/ HSBC CASE BLOWS LID OFF CLINTONS' OFFSHORE EMPIRE
Panama Papers suggest ties to massive money-laundering scheme
Read more at http://www.wnd.com/2016/09/hsbc-case-blows-lid-on-clintons-offshore-empire/#Bpdzt2LBYyvCIl0g.99
The investigation into HSBC currency trader Mark Johnson and associate Stuart Scott for their alleged role in a “conspiracy to rig currency benchmarks” by front-running customer orders has escalated to the point where the Department of Justice is threatening to tear up a 2012 agreement to fine HSBC a historic $1.9 billion for money-laundering violations in lieu of criminal prosecutions.
At issue is whether or not HSBC has honored the 2012 deferred-prosecution agreement in which the bank agreed to establish internal review procedures to catch and punish potentially criminal activities by employees.
WND broke open the HSBC money-laundering case with a series of articles beginning in February 2012. More than 1,000 pages of customer records and secret audio recordings brought to WND by whistleblower John Cruz, a former HSBC employee, showed HSBC employees in Long Island were stealing the Social Security numbers of former bank depositors to create bogus “pass-through” accounts used to launder hundreds of millions of dollars for criminal enterprises such as Mexican drug cartels and Islamic terrorists.
WND reported in February 2015 Cruz told Senate Judiciary Committee staff preparing for the Loretta Lynch confirmation hearings that he considered the $1.9 billion fine DOJ imposed on HSBC in 2012 in lieu of criminal prosecution “a joke.” Cruz argued that a $1.9 billion fine of an international bank the size of HSBC amounted to no more than “a few days operating profit.” He described it as “a cost of doing business” once HSBC had decided to launder money for international criminals.
After the HSBC currency traders were arrested, WND conducted an investigation of the bank’s connections to the Clinton Foundation, uncovering a massive offshore financial network involving tens of thousands of transactions that extend far beyond HSBC.
The transactions surfaced in database searches of leaked offshore banking documents.
On Feb. 10, 2015, the London Guardian reported $81 million from seven wealthy international donors flowed to the Clinton Foundation through controversial Swiss tax-free HSBC accounts maintained in Geneva, as revealed by leaked HSBC files obtained by French newspaper Le Monde.
Breitbart reported in April that key Clinton financial partners, including Canadian mining executive Frank Giustra and the Chagoury family of Nigeria, made use of the controversial Panama-based law firm Mossack Fonseca to move assets around the world.
Breitbart noted Giustra is one of the Clinton Foundation’s largest contributors, donating more than $25 million, while the Chagoury family in Nigeria has committed $1 billion to the Clinton Global Initiative.
This led WND to begin an extensive investigation into the major leak of offshore banking documents, known as the “Panama Papers,” a giant leak of more than 11.5 million financial and legal records from the files of the Mossack Fonseca law firm that was archived by the International Consortium of Investigative Journalists.
The Panama Papers database contains information on some 214,000 offshore entities connected to people in more than 200 countries and territories. It reveals major financial institutions, including HSBC, involved in the creation of hard-to-trace companies in offshore havens that form a complex international network involved in tax evasion and money-laundering schemes.
VIDEO: WHAT HAPPENS TO THE CLINTON FOUNDATION IF HILLARY WINS?
Play
Current Time0:01
/
Duration Time1:59
Loaded: 0%
Progress: 0%
0:01
Fullscreen
00:00
Mute
Offshore transactions
In a series of searches of the ICIJ Panama Paper’s database of leaked documents, WND has uncovered tens of thousands of transactions that surface for Bill Clinton under his own name as well as for various shell companies he has created using his initials, WJC.
Searches of the names Hillary Clinton and Chelsea Clinton uncovered tens of thousands of additional offshore transactions via offshore investment companies established for both.
Additionally, tens of thousands of offshore transactions are recorded in searches for the Clinton Foundation and its various subsidiaries, including the Clinton Global Initiative and the Clinton Health Access Initiative.
The surfaced transactions tied to the Clinton family begin to appear in 1989 and extend through 2015, when the ICIJ database of Panama Papers offshore leaks was published.
Transactions linked to the Clinton Global Initiative have occurred in countries such as Panama, the British Virgin Islands, the Cayman Islands, British Anguilla, the Bahamas, Switzerland, Hong Kong, the United Kingdom, the Isle of Man, Liechtenstein, Guernsey, Jersey, Malta, Luxembourg, Monaco, Gibraltar, Russia, Ukraine, Estonia, Lithuania, Latvia, Turkey, Cyprus, France, Belgium, Italy, Canada, China, Taiwan, United Arab Emirates, Jordan, Lebanon, Egypt, Israel, Singapore, Thailand, Mauritius, Ecuador, Guatemala, Uruguay, Dominican Republic, Brazil, Colombia, Chile, Samoa and Vanuatu, as well as various “undisclosed” and “undetermined” locations.
“The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars,” the ICIJ writes about the Panama Papers.
Ties to foundation donors
The McClatchy Washington Bureau, an ICIJ participant, reported in April that while the Panama Papers have revealed direct connections with the Mossack Fonseca law firm in Panama – including ties to Marc Rich, the international fugitive pardoned by Clinton in his final days in office and to firms tied to Ng Lap Seng, the Chinese billionaire implicated in a major Democratic Party fundraising scandal while Clinton was president – the Clintons themselves do not appear as Mossack Fonseca law firm clients.
“The Clintons themselves do not appear to be in Mossack Fonseca’s database, nor does it appear that their daughter, Chelsea, or her husband, Marc Mezvinsky, who co-founded a hedge fund, are listed,” the McClatchy Washington Bureau reported.
“But Bill and Hillary Clinton’s connections to people who have used offshores is fuel for her Democratic rival, Bernie Sanders.”
While the transactions identified in an ICIJ database search correspond to records that detail the nature of the transactions, the ICIJ has not typically released transactional details because of concerns over privacy laws in the various jurisdictions, including the United States. So, for instance, while it’s known that WJC LLC is associated in the Panama Papers database with thousands of transactions recorded in the ICIJ database, WND is unable to determine if the transactions involved Bill Clinton personally or only associates of Bill Clinton.
A database search for Clinton Global Initiative reveals what appear to be Clinton-affiliated entities registered offshore, such as Clinton Development Company S.A., a company incorporated in 1996 by Mossack Fonesca in the small South Pacific island nation of Niue (deactivated Dec. 16, 1999); Clinton Investments Limited, incorporated by Mossack Fonesca in the British Virgin Islands in 1990 (deactivated May 23, 1991); Clinton Holdings Limited, incorporated by Mossack Fonesca in the British West Indies in 1989 (deactivated April 30, 1993); and Clinton, Inc., incorporated by Mossack Fonesca in the Bahamas in 1993 (deactivated Jan. 3, 2001).
Similarly, a database search for Chelsea Clinton Investments lists Chelsea Enterprises Limited Company, incorporated in 2001 by Mossack Fonesca in Nevada (deactivated March 20, 2009); Chelsea Resort Ltd., incorporated by Mossack Fonseca in Seychelles in 2005 (deactivated Dec. 5, 2014); Chelsea Manor Ltd., incorporated by Mossack Fonesca in Seychelles in 2005 (listed as active); Chelsea House Ltd., incorporated by Mossack Fonseca in Seychelles in 2006 (deactivated Jan. 8, 2010); Chelsea Crystal Limited, incorporated by Mossack Fonseca in Seychelles in 2006 (deactivated Nov. 9, 2010); Chelsea International Limited, incorporated by Mossack Fonseca in 2001 (deactivated Dec. 20, 2002); Chelsea Holdings Overseas S.A, incorporated by Mossack Fonseca in Panama in 2007 (deactivated Jan. 6, 2010); and Chelsea Group Ltd., incorporated by Mossack Fonseca in 1994 (deactivated Oct. 9, 2014).
For most of these Mossack Fonseca-registered corporations using the “Clinton” name, shareholders are listed simply as “bearer,” a designation that does not permit identifying with certainty whether the parties backing the formation of the corporation were the Clinton family, a Clinton family designee or an unrelated third party simply exploiting the Clinton name.
Yet, there is evidence within the ICIJ database that Clinton-formed corporations have offshore banking connections.
The Clintons or agents working on their behalf incorporated five shell companies, the Washington Free Beacon reported in April, that generate thousands of hits in the Panama Papers offshore entity database.
The corporations include WJC LLC, which Bill Clinton incorporated in 2008 as a “pass-through” for his consulting fees, as well as ZFS Holdings, incorporated in 2013, one week after Hillary Clinton left the State Department, apparently as a vehicle for her publisher Simon & Schuster to pay a $5.5 million advance for her 2015 book “Hard Choices.”
The other three Clinton-formed shell companies incorporated in Delaware are:
The Acceso Fund LLC, a Delaware corporation that Bill Clinton formed in 2009, to be used by the Clinton Foundation, supposedly to funnel money to the Clinton Foundation’s Colombia-based private equity fund, Fondo Acceso.
The Acceso Worldwide Fund Inc. was incorporated in Delaware in 2013, supposedly to be used by the Clinton Foundation in working with Fondo Acceso.
The Haiti Development Fund LLC was registered in 2010, again as a vehicle for the Clinton Foundation to raise charitable donations supposedly targeted for the relief of the victims of the 2010 earthquake.The Delaware limited liability companies such as WJC LLC are not required to file annual statements disclosing their directors or owners, according to the Free Beacon. The Clintons registered both companies in New York after they were established.
A search of Acceso Fund LLC in the Panama Papers offshore database produces hits for 1,604 offshore entities. There are 3,436 hits for Acceso Worldwide Fund LLC and 8,719 for the Haiti Development Fund LLC
A search for ZFS Holdings LLC produces hits for 24,086 offshore entities.
Moreover, the public record shows the Clintons are no strangers to offshore banking. The Daily Caller noted Jan. 12, for instance, that Bill Clinton was a partner in Ron Burkle’s Yucaipa Global Partnership, registered in the Cayman Islands, from which Bill Clinton was paid an estimated $10 million, as originally reported by the Washington Post in 2008.
WJC LLC
The Associated Press in August 2015 broke the story that Bill Clinton had created and used a shell corporation, WJC LLC, and a shell bank account to hide an undisclosed amount of money from public reporting and accountability.
The AP reported that the disclosure came in response to questions the news wire had posed regarding financial files the Clintons had released as a legal requirement for Hillary’s 2016 presidential campaign. The answers were provided by Clinton officials who spoke on the condition of anonymity.
The officials leaking the information confirmed that WJC LLC was a “pass-through” account, designed to collect fees for consulting, possibly for speeches, and conceivably to receive payment on commercial “deals” in which the Clinton had delivered services, possibly including political favors in return for payment.
WJC LLC is the type of company that gun-running and drug-dealing criminals involved in international money-laundering create and operate to avoid law-enforcement detection.
As noted in “Partners in Crime,” the existence of WJC LLC as a corporation or as a shell bank account has never been mentioned in any Clinton Foundation audited financial statements or IRS Tax Form 990 since the foundation’s inception in 1997. Because the WJC LLC bank account never showed up with a positive balance in banking records reported to bank regulators, the Clintons also avoided disclosing the existence of the account in their income tax filings.
A search of the ICIJ database of the Panama Papers for WJC LLC produced a list of hits that included 1,011 offshore entities, 446 officers, 72 intermediaries and 143 different addresses.
Among the “offshore entities” that surfaced in the search for WJC LLC was the still active WJC Investment Group Ltd., a corporation registered in the British Virgin Islands on Oct. 6, 2005, by the Singapore-based Asian wealth manager Portcullis Trustnet, that the Panama Papers list as registered in the British Virgin Island as a trust company. The ICIJ reports that about a third of the offshore entities in the Panama Papers were incorporated through Portcullis Trustnet (now Portcullis) and Commonwealth Trust Limited, two offshore service providers that were made public as part of the ICIJ’s 2013 “Offshore Leaks” exposé.
As exposed in Chapter 8, “The India Scam,” of “Partners in Crime,” until the Obama 2008 presidential campaign opposition research became public, the Clintons had managed to keep the existence of WJC Investments LLC completely secret.
On May 27, 2015, following the AP’s discovery that Bill Clinton used WJC LLC as a shell company, Jennifer Epstein noted in Bloomberg Politics that Bill Clinton also owns WJC International Investments GP LLC, as well as WJC International Investments LLC.
The establishment media, generally protective of the Clintons, has neglected to investigate Bill Clinton’s WJC limited liability corporate holdings, even since the Washington Post in 2014 reported the general partnership WJC International Investments GP LLC was created by Bill Clinton in 2006.
As pointed out in “Partners in Crime,” there are many legitimate reasons to create and operate LLC structures, including tax planning, an additional advantage deriving to the benefit of the Clintons is secrecy.
Unlike public corporations, the filing and disclosure requirements for LLC benefits those, such as the Clintons, who want to maximize privacy by avoiding public disclosure requirements. How many investments have the Clintons derived from connections established with donors to the Clinton Foundation and/or members of the Clinton Global Initiative?
The American public may never know. The likelihood is WJC LLC, as well as WJC International Investments LLC and WJC Investments LLC were created and maintained as limited liability corporations – with WJC LLC being nothing more than a shell corporation – precisely so that questions could never be answered.
Variations of WJC Investments LLC produced thousands of hits in the ICIJ offshore leaks database.
A search of the ICIJ database of the Panama Papers for WJC Investments LLC produced a list of hits that included 19,372 offshore entities, 3,396 officers, 215 intermediaries and 316 addresses. The database also produced 38,934 offshore entities associated with WJC Investments Group LLC, plus 50,407 offshore entities identified with WJC International Investments LLC, as well as 68,188 offshore entities identified with WJC International Investments Group LLC.
WND also searched the ICIJ database of the Panama Papers for William J. Clinton and found the name was associated with 433 offshore entities, 1,380 officers, 250 intermediaries and 363 addresses.
Hillary, Chelsea Clinton and Clinton Foundation
A search of the ICIJ database also produced thousands of hits for Hillary Clinton, Hillary Rodham Clinton and HRC Investments LLC, as well as thousands of hits for various listings under Chelsea Clinton’s name and thousands of hits for the Clinton Foundation and its various subgroups, including the Clinton Global Initiative and the Clinton Health Access Initiative.
A search for the Clinton Global Initiative surfaced 5,505 associated offshore entities, with several in the top listings including the “Clinton” name in the offshore entity’s title.
Similarly, a search for Hillary Clinton Investments turned up hits for 18,450 offshore entities, with several in the top listings including the name “Hillary” or “Clinton.”
Again, given the nature of the ICIJ Panama Papers database, it is not possible to determine if Hillary Clinton was personally involved with the 18,450 offshore entities listed.
Among the offshore entities listed in the search for Hillary Clinton Investments, Mossack Fonseca incorporated several, including Hillary S.A., incorporated in Niue in 1997 (deactivated Dec. 27, 1999); Hillary Finance Services LTD, incorporated in 1997 in the British Virgin Islands (deactivated Oct. 31, 1998); and Hillary Equities Corp., incorporated in 2003 in Panama (deactivated Feb. 12 2010).
Trump in Panama Papers
While Donald J. Trump’s name shows up on 3,540 of the Panama Papers leaked documents, the GOP presidential candidate does not appear to be a direct owner of any company formed by Mossack Fonseca, the McClatchy Washington Bureau reported April 29.
“Early in his career, Trump developed properties,” McClatchy noted. “Over the decades, he has increasingly let others invest the capital and take the risks. He sells them his name and reputation, and is paid millions in return.”
The newspaper said that seems to be the case with the Trump Ocean Club International Hotel & Tower in Panama, noting that in the Mossack Fonseca files, it is the most frequent association with Trump’s name, “since his business partners in the project appear as buyers of condo units, some of whom create offshore shell companies with Mossack Fonseca for the purchase.”
McClatchy cited two instances of others seeking to capitalize on Trump’s name that were responsible for hits in the Panama Papers database:
Trump Wise Investment Ltd. was created by the Hong Kong firm Instant Companies Limited and registered in the British Virgin Islands from 1998 to late 2005. “The secret documents show Mossack Fonseca did not even know who the shareholders were,” McClatchy reported.
Similarly, Trump World Capital Ltd in the British Virgin Islands was opened in late 2006 by Mossack Fonseca’s Singapore office. It remains active, with shareholders listing addresses in Palembang, Indonesia. “One shareholder is a young woman whose LinkedIn profile describes her as merchandising supervisor at a small clothing retailer,” McClatchy reported.
“Neither of these appear to be connected to Trump in any way,” McClatchy concluded.
