Image Copyright: https://www.icij.org/blog/2017/790/icij-releases-paradise-papers/

The Paradise Papers – Where The Richest Hide Their Money

November 6, 2017
1059 Views

Want to know where and how the richest people in the world hide their money? A whole lot of information is about to get passed around.

The latest in a series of document leaks reveals how some of the wealthiest people around the world set up offshore companies to hide their assets.

To be clear setting up these companies and trusts can be legal if used appropriately.

You may have heard about the leak referred to as the Panama papers from a few years ago, this newest leak of over 13 million documents is being called the Paradise Papers.

The core of the leak, totaling more than 13.4 million documents, focuses on the Bermudan law firm Appleby, a 119-year-old company that caters to blue-chip corporations and very wealthy people.

You can read more here at the Seattle Times 

As with the Panama papers we are likely just on the threshold of hearing some very famous and prominent names associated with these offshore companies.

Let’s not speculate… innocent until proven guilty, it could very well be that these were setup correctly to facilitate global business transactions.

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