Wednesday, April 6, 2016

Miami Lawyers Had "Cottage Industry" in Panama Papers Scandal!


Kudos to the Herald for their continuing coverage of local angles (there are many) to the "Panama Papers" scandal which is much bigger and more pernicious than is obvious to the casual news consumer.

This article on how many South Florida lawyers, accountants, and other professionals are involved in helping clients hide money in secret offshore instruments is pretty eye-opening:
The propensity to look the other way has helped turn South Florida into a hub of the world’s shadow economy. A cottage industry of lawyers and accountants based in Miami helps clients form offshore companies that can mask their activities. Mossack Fonseca is just one firm among many that set up offshores.
ead more here: http://www.miamiherald.com/news/local/community/miami-ade/article69249277.html#storylink=cpy
Really?

Time for the DBR to do an in-depth look at how this "cottage industry" operates in South Florida legal and professional circles, methinks.

Also, look around at your favorite lunch restaurant or bar event later this week -- you may know someone who helped one of Putin's buddies hide their ill-gotten loot!


3 comments:

  1. Time for THE FLORIDA BAR to do an in-depth look at how this "cottage industry" operates in South Florida legal and professional circles, methinks.

    Well, at least for the legal professional circles.

    ReplyDelete
  2. YO SNAP
    I gotta get me some of dat off-shore account accounts

    It's all about the flow- bro

    I'm all about the cottage industry y'all.

    ReplyDelete
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