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Justice Department Charges 4 Over Panama Papers Tax Schemes

By on December 5, 2018 in Banking & Finance, Criminal Law, International

Panama PapersThe Washington Post reports that the Justice Department charged four people Tuesday with scheming for decades to hide tens of millions of dollars from the Internal Revenue Service — the first U.S. indictment over alleged tax evasion revealed in 2016 through the Panama Papers.

Post reporter Devlin Barrett writes that those charged include a former investment manager, a former U.S. resident, an American accountant and a Panamanian lawyer who once worked for the “firm at the center of the case, Mossack Fonseca.

“The 11-count indictment unsealed in New York marks the first time the U.S. government has charged anyone with tax crimes related to the firm — and authorities suggested others could soon be charged,” according to Barrett.

Read the Washington Post article.




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