Daily Archives: May 9, 2016

Citigroup found on the ICIJ offshore leaks website

FYI: JP Morgan Chase and Bank of America not found.

Linked To Data From
CITIGROUP PRIVATE BANK United States Panama Papers



  • Connected to 25 entities
  • Data from: Panama Papers
  • The Panama Papers data is current through 2015


 Update: Wells Fargo is on the list too.
Linked To Data From
WELLS FARGO ADVISORS United States Panama Papers



  • Connected to 20 entities
  • Data from: Panama Papers
  • The Panama Papers data is current through 2015

More names found on the ICIJ offshore leaks database

This is certainly a major broken system globally as records go back to the ’90’s. We have a global inequality. Here are more names:

Another Trump entity found:

Trump Ocean Club Unit 2710, Inc.07-MAY-2007PanamaUnited StatesPanama Papers

Here is another name of the company that is interesting:

IncorporationJurisdictionLinked ToData FromShaq International Ventures S.A.23-MAR-2007PanamaUnited StatesPanama Papers

And is this company tied for former basketball player Shaquille O’Neal? O’Neal does have investment companies.

Blackstone Group found on the database:

IncorporationJurisdictionLinked ToData FromBlackstone Group Limited06-FEB-1998UndeterminedUnited States, Not identifiedOffshore LeaksBlackstone Financial Limited14-APR-1997UndeterminedNot identified, United StatesOffshore Leaks

And lastly some the banks found on the database:


UBS AG – NEW YORK United States Panama Papers


HSBC REPUBLIC NEW YORK United States Panama Papers


BBVA MIAMI United States Panama Papers
UBS MIAMI United States Panama Papers


COLDWELL BANKER United States Panama Papers




UBS INTERNATIONAL United States Panama Papers



Deutsche Bank Trader Fired Amid Libor Probe Settles Lawsuit

Deutsche Bank AG settled an employment lawsuit with a former trader who was fired at the request of U.S. regulators amid the Libor-rigging scandal.

Shivani Mathur was scheduled to begin her employment suit against Deutsche Bank Tuesday at a London employment tribunal. She had submitted a 70-page document spelling out claims she suffered sexual discrimination and was punished for blowing the whistle on corporate misconduct, according to court records.

“Mathur’s employment tribunal claim has been resolved,” a bank spokesman said by phone, without disclosing any details about the settlement. Mathur declined to comment.

Mathur was one of seven Deutsche Bank traders in London and Frankfurt pushed out by the New York banking regulator as part of a record $2.5 billion Libor-rigging settlement.

Read on.

Trump On Debt Renegotiation: “You Never Have To Default Because You Print The Money”


Following Donald Trump’s Thursday comments that rising interest rates would be disastrous for the economy, saying that “we’re paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points?” hinting that the U.S. should “renegotiate longer-term debt” with creditors and that if the economy crashes he “can make a deal”, various media outlets went to town on Trump, most notably the NYT, which took Trump to task:

Asked on Thursday whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.”


Such remarks by a major presidential candidate have no modern precedent. The United States government is able to borrow money at very low interest rates because Treasury securities are regarded as a safe investment, and any cracks in investor confidence have a long history of costing American taxpayers a lot of money.


Experts also described Mr. Trump’s proposal as fanciful, saying there was no reason to think America’s creditors would accept anything less than 100 cents on the dollar, regardless of Mr. Trump’s deal-making prowess.


“No one on the other side would pick up the phone if the secretary of the U.S. Treasury tried to make that call,” said Lou Crandall, chief economist at Wrightson ICAP. “Why should they? They have a contract” requiring payment in full.

As the NYT admits, when “pressed to elaborate on his remarks, Mr. Trump did appear to step back. He said that he was not suggesting a default, but instead that the government could seek to repurchase debt for less than the face value of the securities. The government, in other words, would seek to repay less money than it borrowed.”

In any case, the confusion about Trump’s intentions continued and ultimately led to his latest CNN appearance in which he explained what he meant earlier this morning.

“If interest rates go up, we can buyback debt at a discount if we are liquid enough as a country. People say I want to default on debt – these people are crazy. First of all you never have to default because you print the money I hate to tell you, so there is never a default. It was reported in the NYT that I want to default on debt – you know I am the king of debt, I love debt, but debt is tricky and its dangerous. But let me just tell you: if interest rates go up and bonds go down, you can buy debt – that’s what I’m talking about. So here is the story, if we have an opportunity where interest rates go up and you can buy back debt at a discount. I always like to be able to do that if you can do that. That’s all I was talking about, they have it like I’m going to go back to creditors and I am going to renegotiate or restructure debt. It’s ridiculous.

Soros is on the list in ICIJ offshore leaks database




Panama Papers include dozens of Americans tied to fraud and financial misconduct

Mossack Fonseca’s files include offshore companies linked to at least 36 Americans accused of serious financial wrongdoing

Leonard Gotshalk, an Atlanta Falcons football player turned Oregon businessman, had a history of legal issues by the time he went looking to buy an offshore company in 2010. Lawsuits and criminal filings had accused the former NFL offensive lineman of fraud and racketeering.

Mossack Fonseca, a Panama-based law firm that specializes in selling offshore companies, initially told Gotshalk it couldn’t do business with him, because of “negative information” that its compliance unit had found. Gotshalk persuaded the law firm to reconsider, noting in an email that he’d “held offshore accounts in the past in Europe and Bahamas and Belize” without problems.

Three months later – on May 21, 2010 – federal prosecutors in Philadelphia unsealed an indictment charging that Gotshalk was a key player in a scheme that used kickbacks and other tactics to inflate the prices of tech company stocks.

Three days later – on May 24 – Mossack Fonseca recorded a $3,055 wire transfer from Gotshalk, the firm’s internal records show. The money paid for a British Virgin Islands company called Irishmyst Consultants Limited.

Gotshalk isn’t the only American with a suspect past who has used Mossack Fonseca’s services. A review of the law firm’s internal files by the International Consortium of Investigative Journalists and other media partners has identified companies tied to at least 36 Americans accused of fraud or other serious financial misconduct.

Some have been convicted of fraud or other crimes. They include Martin Frankel, a Connecticut financier who pleaded guilty in 2002 to 20 counts of wire fraud as well as counts of securities fraud and racketeering conspiracy, and Andrew Wiederhorn, an Oregon corporate executive who pleaded guilty to two felonies in a case tied to one of the biggest corporate scandals in Oregon history.

Others have been sued in civil cases launched by securities regulators or private plaintiffs. Among them are six Americans who were accused in a lawsuit in federal court in Washington state of using an offshore company set up through Mossack Fonseca, Dressel Investment Ltd., to run a Ponzi scheme that cost thousands of middle-class Indonesians nearly $100 million.

Read on.

ICIJ has now released the names involved in Panama Papers scandal

I will be digging out more US names in the ICIJ database that has gone live. Be sure to go to: https://offshoreleaks.icij.org/

And here is one that I just found in the database:

TRUMP OCEAN CLUB 5002, INC. 20-JUN-2006 Panama United States Panama Papers



  • Connected to 1 intermediary
  • Incorporated: 20-JUN-2006 Inactivation: 02-APR-2007 Struck off: 15-JUL-2008
  • Status: Dissolved
  • Registered in: Panama
  • Linked countries: United States
  • Data from: Panama Papers
  • Agent: Mossack Fonseca
  • The panama papers data is current through 2015