Long-time Democratic political donor George Soros is the latest person to have off-shore investments revealed by the so-called Panama papers.
According to Fox News and SOFREP, the Panama Papers are ” a trove of 11.5 million financial documents tracing the Mossack Fonseca law firm’s efforts to help politicians, celebrities and criminals shield their money from taxes.”
SOFREP reported that three Soros owned entities were catalogued in the leaks. Soros Finance, Inc., Soros Holdings LTD., and Soros Capital were all a part of the largest dissemination of tax-shelter documents in history.
One of Soros’ offshore private equity firms was set up to invest in a company called the Carlyle Group along with members of the infamous Bin Laden family of Saudi Arabia. According to Fox News, “partnership specializes in buying and selling weapons manufacturing and intelligence gathering companies with government and military contracts and it also uses secret offshore companies to conduct business.”
Due to the minimally regulated nature of the corporations, not much else is known about the nature of the weapons deals at this time.
The full original report can be read on SOFREP News’ website here. Fox News’ detailed story can be seen here.
May 18th, 2016