• Write for Us
  • Advertise
  • About
  • Contact
Thursday, September 28, 2023
British Herald
Advertisement
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
Home World USA

U.S. charges four in ‘Panama Papers’ tax evasion scheme

Editorial Bureau by Editorial Bureau
December 5, 2018
0
U.S. charges four in ‘Panama Papers’ tax evasion scheme

FILE PHOTO: Mossack Fonseca law firm sign is pictured in Panama City, April 4, 2016. REUTERS/Carlos Jasso/File Photo

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

WASHINGTON/NEW YORK (Reuters) – U.S. prosecutors announced Tuesday that they have charged four people with taking part in a decades-long scheme to evade U.S. taxes that came to light after a massive leak of offshore financial data known as the “Panama Papers.”

You might also like

El Chapo’s son Ovidio Guzmán – López extradited to the US

Hunter Biden indicted on gun charges after plea deal falls apart

House speaker Kevin McCarthy announces impeachment inquiry into Joe Biden

Three of the four people have already been arrested, prosecutors said, in the first criminal case brought by U.S. authorities in connection with Mossack Fonseca & Co, the Panamanian law firm at the centre of the leak.

Harald Joachim von der Goltz, a client of the firm, was arrested in London on Monday; Dirk Brauer, an employee of an asset management company closely tied to the firm, was arrested in Paris on Nov. 15; and Richard Gaffey, a U.S.-based accountant, was arrested in Massachusetts on Tuesday, according to prosecutors.

The fourth defendant, Ramses Owens, was a lawyer at Mossack Fonseca and remains at large, prosecutors said. The law firm shut down earlier this year.

Bill Lovett, a lawyer for Gaffey, could not immediately be reached for comment. Lawyers for the other three defendants could not immediately be identified.

The most serious charges in the case, which include wire fraud and money laundering conspiracy, carry a maximum sentence of 20 years in prison.

In an indictment unsealed in Manhattan federal court, prosecutors said that from 2000 to 2017, Owens and Brauer conspired to help clients of Mossack Fonseca conceal assets, investments and income from U.S. tax authorities, using sham foundations and shell companies formed under the law of countries including Panama, Hong Kong and the British Virgin Islands. Owens, 50, is a citizen of Panama and Brauer, 54, is German citizen, prosecutors said.

One of those clients was von Der Goltz, an 81-year-old German citizen, according to the indictment. Prosecutors said that Owens and Gaffey helped von Der Goltz avoid taxes by creating shell companies and bank accounts that he falsely claimed were solely owned by his elderly mother, a Guatemalan citizen who did not pay U.S. taxes.

Prosecutors also said that Gaffey, a 74-year-old U.S. citizen, helped another unnamed client of the Mossack Fonseca conceal offshore bank accounts from U.S. authorities.

The “Panama Papers”, which consist of millions of documents from Mossack Fonseca, were leaked to the media in April 2016.

A review of the documents also prompted German authorities to raid the offices of Deutsche Bank AG and its board members as part of a money laundering investigation last week.

(Reporting by Sarah N. Lynch and Brendan Pierson; editing by Rosalba O’Brien and Lisa Shumaker)

Share30Tweet19
Editorial Bureau

Editorial Bureau

Recommended For You

El Chapo’s son Ovidio Guzmán – López extradited to the US

September 16, 2023
El Chapo's son Ovidio Guzmán - López

The US Attorney General has announced the extradition of Ovidio Guzmán lópez , a son of the notorious drug lord Joaquín "El Chapo" Guzmán, to the United States...

Read more

Hunter Biden indicted on gun charges after plea deal falls apart

September 15, 2023
Hunter Biden

Hunter Biden is facing federal gun charges after his plea deal with the president's son fell apart in July. Federal prosecutors indicted Biden on Thursday, alleging that he...

Read more

House speaker Kevin McCarthy announces impeachment inquiry into Joe Biden

September 13, 2023
Kevin McCarthy

On Tuesday, the Speaker of the US House of Representatives, Kevin McCarthy, made an announcement that the Republicans would initiate an impeachment investigation into Joe Biden. This investigation...

Read more

US: Bill Richardson , former statesman and hostage negotiator, dies aged 75

September 3, 2023
US: Bill Richardson , former statesman and hostage negotiator, dies aged 75

Bill Richardson , who had a multifaceted career as a 2008 presidential candidate, former New Mexico governor, congressman, and key figure in the Clinton administration serving as the...

Read more

Tragic Wildfire Devastates Hawaii Town, Becoming Deadliest U.S. Blaze in a Century

August 13, 2023
Tragic Wildfire Devastates Hawaii Town, Becoming Deadliest U.S. Blaze in a Century

A devastating wildfire that swept through the idyllic town of Lahaina on Maui Island, Hawaii has left a trail of destruction. It claimed the lives of at least...

Read more
No Result
View All Result
astronaut return to earth

Astronaut and cosmonauts return to Earth after getting stuck in space for more than a year

September 28, 2023
Keir Starmer

Keir Starmer says Labour government will ‘have to make it work’ if Trump wins

September 28, 2023
Hollywood writers strike

Hollywood writers guild ends strike ahead of final contract vote

September 27, 2023

Tags

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england europe European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea politics Rishi Sunak russia south korea spain taiwan trending Trump turkey Twitter UK Ukraine usa worldnews
British Herald

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

CATEGORIES

  • Africa
  • Articles
  • Asia
  • Brand Feature
  • Business
  • Climate & Environment
  • Companies
  • Crypto
  • Culture and Lifestyle
  • Daily Roundup
  • Economics
  • ECONOMY
  • Entertainment
  • Europe
  • Fashion
  • Finance
  • Financial Markets
  • Fintech
  • Health
  • IN UK 01
  • IN UK 02
  • Investing
  • Latin America
  • Market
  • Middle East
  • Oceania
  • Opinion
  • Pharma/BioTech
  • Politics
  • Reviews
  • Science & Technology
  • Sport
  • Sustainability
  • Tech
  • Technology
  • Travel
  • UK
  • Uncategorized
  • USA
  • Videos
  • World

BROWSE BY TAGS

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england europe European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea politics Rishi Sunak russia south korea spain taiwan trending Trump turkey Twitter UK Ukraine usa worldnews

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version