Just over 2 days with 100 mbit/s upload.
Or 4 days with 50 mbit/s.
It's really not that much in 2016. Really.
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
The Panama Papers - Massive leak of secret documents about offshore companies
- Thread starter chadskin
- Start date
- Status
Just over 2 days with 100 mbit/s upload.
Or 4 days with 50 mbit/s.
It's really not that much in 2016. Really.
But the PM is from the same party the PM who had to resign during the bank crisis was from, isn't he? Funny how that works.
Thanks for the info. Will be an interesting few weeks.
Palculator
Unconfirmed Member
A byte at a time, I suppose.
Saint of Killers
Member
I'm guessing this link from OP is getting hammered: https://panamapapers.icij.org ?
WEtransfer plus.
I wonder how big the fallout is going to be. Or if mainstream media will start covering it in large.
Harry Stewart
Member
My Putin-loving family is gonna have an aneurysm trying to dismiss this as Western anti-Russian propaganda and lies when there's the Poroshenko info as well. Bah, who am I kidding, they'll find a way to rationalize it away.
ClosingADoor
Member
From what I understand they get money from criminal activity in those companies through fake sales and such (for example write some invoices you have sold a lot of cars or whatever in Russia or Ukraine where it is impossible to check and the money comes from there). Then move it through some companies registered in different countries. The owners of those companies are unclear, so there is no direct tie to the criminals involved. After that just use it for what you want.
I might be simplifying it a little, but basically these companies don't have a clear owner so the money isn't tied to the people involved, which makes their criminal activity with it hard to proof. And then it can be used for legal things like investments and such and the banks can just look the other way without it being illegal.
Average upload speed in USA is like 5
Banderdash
Member
Anything from Australia?
How rich businessmen hid their assets from their wives in case of divorce:
http://www.irishtimes.com/business/panama-papers-how-spouses-at-war-hide-assets-offshore-1.2596911
http://www.irishtimes.com/business/panama-papers-how-spouses-at-war-hide-assets-offshore-1.2596911
It's at the top of the frontpage on basically all major European news organisations, often with the most relevant info regarding that country as the key headline. So yes?
Last I checked a few of the big american outlets haven't covered it at all which is why I said that.
SomedayTheFire
Member
So?
Unknown Soldier
Member
American news outlets are run by the people who have these offshore tax shelters, what manes you think they'll cover this in any big way?
It's now the top story on BBC though.
Nah. The less rich will all get charged etc. But the bigger names will carry on.
No, the current PM party was not part of that cabinet. The Minister of Finance was, and is also part of the Panama Papers.
captjohnboyd
Member
So weird reading about this after watching the excellent Le Carre adaption "The Night Manager" the last couple nights. It's not exactly a parallel but hidden money in offshore accounts factor heavily in the plot. If anyone hasn't started it by the way they should check it out. Great slow burn spy stuff.
I'm really excited for the future with regards to stuff like this. With the proliferation of the internet and high speed networks we're starting to see more and more people leaking information that the elite ruling classes have kept hidden from us for centuries. Hopefully stuff like this will encourage more people to put stuff out there. I don't think we're going to see the sort of punishment that's deserved in a lot of these cases but at some point leaks will reach a critical mass and when the population as a whole (in their respective countries) becomes informed and outraged enough it ought to force politicians and law enforcement to act. It's just unfortunate that this won't happen until people have become fed up enough and made their voices heard
I'm really excited for the future with regards to stuff like this. With the proliferation of the internet and high speed networks we're starting to see more and more people leaking information that the elite ruling classes have kept hidden from us for centuries. Hopefully stuff like this will encourage more people to put stuff out there. I don't think we're going to see the sort of punishment that's deserved in a lot of these cases but at some point leaks will reach a critical mass and when the population as a whole (in their respective countries) becomes informed and outraged enough it ought to force politicians and law enforcement to act. It's just unfortunate that this won't happen until people have become fed up enough and made their voices heard
That's exactly what I'm talking about. I think you're likely right but at some point the populous will get fed up enough to force their representatives to act. Now it just becomes a question of how long that will be
Which is why I originally said I wonder if they'll cover it....
It's only just the start.
Well, one thing is to suspect, another to have proof of wrongdoing.
Surely. Putin actually tried to downplay the coming leak in advance. Peskov, Putin's spokesman, released a statement two days ago, saying that whatever's coming is a part of West's conspiracy against his boss. While everyone suspected that it's going to be about offshores, the amount of evidence and the sheer scope of the investigation is staggering.
1.21Gigawatts
Banned
Sueddeutsche, Guardian etc. are mainstream media, aren't they?
In Germany this has been all over all kinds of media since the story broke.
Hopefully you are right. But Putin is getting away with it no matter what.
NekoFever
Member
Somehow I doubt multinational law firms use a home DSL connection.
Most likely someone sneakernetted it out of there anyway.
This is only ONE company that does such things for the rich and powerful. Just means they do not use it. I would not be surprised if this kind of thing was done on a word of mouth basis which is why a good deal of those listed from this leak are chummy with each other.
But they leaked it to German newspaper.
And they are being investigated for over a year. There's no proof they got all data at once.
Sources files haven't been (and likely won't be) released in their entirety.
captjohnboyd
Member
You won't get an argument from me there. What is especially fascinating to me about what I've read so far though is it shines a light on his inner workings. Last I read no one, not even the US government, has any idea how much money he actually has in holdings. This ought to give people a bit of a better idea if I'm understanding it correctly (even though none of it has his actual name on it) about the potential billions he has squirreled away
D
Deleted member 13876
Unconfirmed Member
That's not a nice thing to say about Daddy, Dave.
Netherlands is involved also..dis gon b gud.
https://briankilmartin.cartodb.com/viz/54ddb5c0-f80e-11e5-9a9c-0e5db1731f59/embed_map
https://briankilmartin.cartodb.com/viz/54ddb5c0-f80e-11e5-9a9c-0e5db1731f59/embed_map
I think it will be more news if a extremely rich or powerful person wasn't involved.
Morrigan Stark
Arrogant Smirk
Oh come on. They're probably right, you know. They're not saying it shouldn't matter, only that in the long run, it probably won't. They're pessimistic for a reason. I am too.
Exactly.
I wish it would be a huge shitstorm and heads would fall, but I just sincerely doubt it. Did the NSA even get a slap on the fingers for what they did after the Snowden reveal? Their reputation might have suffered a bit, but that's about it. Meanwhile, Snowden is the one who suffered the most for whistleblowing the whole thing. I hope the Panama paper leaker(s) are safe, at least.
You are right that solid evidence does help, but unlike some of the tinfoil conspiracy theories, this stuff wasn't far-fetched or outlandish to begin with. This really has nothing to do with moon landing hoaxes, 9/11 or reptilians and all that. ^^
As for your bank I'm not surprised. A while ago it was revealed that HSBC was involved in money laundering and financing drug cartels and terrorist organizations. Almost no one got prosecuted for it, the fines HSBC got were laughable, and the bank just carries on as if nothing happened. It wouldn't remotely surprise me to learn that other banks are just as dirty as HSBC. :\
ClosingADoor
Member
A ton of companies use our country to evade taxes, so this is expected. Wonder who the Dutch persons involved are. We don't really have many rich politicians I think, doubt there is that much going on there.
Unknown Soldier
Member
Nothing? These offshore tax shelters are strictly legal. That's why they are so widespread among the wealthy. Until the laws change to make them illegal, which they won't because the wealthy make the laws, nothing will happen.
Still they use it as a tax haven for stuff and i wonder who they are we shall know very quickly in the next coming days is my guess.
Enter the Dragon Punch
Banned
wonder if Stephen Harper is gonna show up in these
Isn't this more about how they got the money?
The Icelandic PM is about to go down so "nothing will happen" ain't the truth this time buddy
Unknown Soldier
Member
1 politician being brought down is literally the least that could happen from these leaks.
I actually do wonder what's going to happen to Teflon Putin though.
- Status