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    DoJ Charges 4 People in Panamagate Over Decades-Long Fraud Scheme

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    WASHINGTON (Sputnik) - The United States has charged four individuals in the Panama Papers investigation for their alleged roles in a decades-long fraud scheme, the Department of Justice said in a press release.

    "Four individuals have been charged in an indictment unsealed today in the Southern District of New York with wire fraud, tax fraud, money laundering and other offenses in connection with their alleged roles in a decades-long criminal scheme perpetrated by Mossack Fonseca & Co. ('Mossack Fonseca'), a Panamanian-based global law firm, and related entities," the release said on Tuesday.

    Millions of documents known collectively as the Panama Papers were leaked in 2016 from Panama-based law firm Mossack Fonseca. The leaked data exposed a large number of offshore operations and shell companies, and implicated multiple highly-placed individuals from across the world.

    US Attorney Geoffrey Berman said in the release that for decades the three employees and a client of Mossack Fonseca allegedly shuffled millions of dollars through offshore accounts and created shell companies to hide fortunes.

    READ MORE: Panama Papers Law Firm Mossack Fonseca Shuts Down

    Panamanian citizen Ramses Owens, German nationals Dirk Brauer and Harald Joachim Von Der Goltz as well as US citizen Richard Gaffey have been charged in an 11-count indictment, according to the Justice Department. The Germans and American have been arrested while Owens remains at large.

    Related:

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    Mossack Fonseca Law Firm Offices Raided Over Odebrecht Corruption Scandal
    Mossack Fonseca Employee Detained in Geneva on Suspicion of Removing Data
    Panama Papers: Mossack Fonseca’s US Business Dries Up Amid Investigations
    Tags:
    charges, fraud, offshore operations, Panama Papers, US Department of Justice, Mossak Fonseca, United States
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