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Panama draws stars but the US is bigger tax haven


From left to right: Gary Oldman, Meryl Streep, Steven Soderbergh and journalist Jake Bernstein - AFP .

Posted 01/09/2019

The intricate paths of money that passes through Panama are narrated with originality and efficiency in the denunciation film The Laundromat, by renowned American director Steven Soderbergh, with a stubborn and combative Meryl Streep, screened at the Venice Film Festival.

The Hollywood star, who plays a widow deceived by the traps of the financial system, is the central character of a complex and dangerous mechanism narrated with humor and irony.

To tell a scandal that involved about 400 journalists worldwide and revealed the concealment of property, companies, assets, profits and tax evasion of heads of state and government, world policy leaders, personalities of finance, sports, and art, Soderberg, uses two great actors, the British Gary Oldman, and the Spanish Antonio Banderas.

They are the owners of the law firm Mossack and Fonseca, of Panama, whose massive escape of documents in 2016 allowed us to discover how the rich and powerful do to avoid paying taxes.

 Produced by Netflix, the Oscar-winning filmmaker Soderbergh is mostly a lesson, in chapters and with an ironic tone, about corruption, the economic system and tax havens, by two elegant acting masters.

"We thought that having fun was the best way to stay in the viewer's mind and also a way to alleviate the complexity of the subject," Soderbergh explained.

“The United States is one of the largest tax havens in the world. Sixty of its large companies did not pay taxes in 2018, ”warns the director, among the many pearls of the film and  President Donald Trump is skilled in the ways of tax avoidance.



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The Laundromat is a comedy drama based on the Panama Papers scandal, starring Gary Oldman, Antonio Banderas, Meryl Streep, Sharon Stone, and directed by Steven Soderbergh.

Sres. Mossack and Fonseca filed a lawsuit against Netflix yesterday in an attempt to prevent the film's digital streaming release on October 18th.



Edited by Keith Woolford

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Netflix faces $15 billion lawsuit over Panama Papers movie


Posted 16/10/2019

Jürgen Mossack and Ramón Fonseca, the founders of the Panama law firm that creamed multi-millions from businessmen, politicians, sportsmen and celebrities seeking to avoid taxes through offshore front companies are now seeking their biggest haul,  a $10 billion lawsuit against  Netflix.

It was launched on Tuesday, October 15, three days after the platform premiered The Laundromat a film about the “Panama Papers”  scandal uncovered by the International Consortium of Investigative Journalists (ICIJ) in 2016.

In the civil lawsuit, filed in the Connecticut District Court, in the United States,  the two lawyers, and the Mossack Fonseca & CO. and MF & CO Law Firm, claim from  Netflix the payment of $10 billion, for alleged defamation, invasion of deprivation, false advertising and trademark violation.  

The plaintiffs allege that The Laundromat) presents them "as ruthless and indifferent lawyers, who are involved in money laundering, tax evasion, bribes and / or other criminal conduct." They also refer that the "real" name of both is used in the film, in a "defamatory" manner.

They indicate in the demand that in the advance of the film it is indicated that it is " based on real crap ", and then the question appears: " How do 15vmillion millionaires in 200 countries stay rich? ". Answer: " with lawyers like these, " and immediately appear actors Gary Oldman and Antonio Banderas, who play Mossack and Fonseca, respectively, laughing "sinisterly, dressed in flashy clothes."

Actress Meryl Streep, plays Ellen Martin, a widow deceived by the traps of the financial system and central character of the plot.



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Netflix responds to Panama Papers $10 billion suit


Meryl Streep,Antonio Banderas and Gary Oldman, the three stars of the ,movie

Posted 18/10/2019

Netflix has replied to the $10 billion civil lawsuit launched by the founders of the Mossack Fonseca law firm against the movie “The  Laundrromat” a black comedy based on the Panama Papers revelations which brought international notoriety to  Panama and the company.

The film was released internationally on Friday, October 18 and can be viewed in Panama.

Jürgen Mossack and Ramón Fonseca Mora demand the payment for alleged defamation, false advertising, invasion of deprivation and trademark violation.

According to the plaintiffs, the production presents them as "ruthless and indifferent lawyers, involved in money laundering, tax evasion, bribes and other criminal behaviors."

In its response in the  Connecticut, United States, District Court,  Nextflix asked for dismissal of the case or its transfer to a California state court.

Among the arguments indicated by the lawyers, interpreted in the film by Antonio Banderas and Gary Oldman, is the possible interference that the film would have in the cases they face in Panama and in an investigation in the US of one of its employees.

Until Thursday, the case was handled by Judge  Janet Bond Atherton , of the  Connecticut District Court, States, who, ordered that the civil lawsuit be treated in California, where the offices are located. main platform and the tape was produced and marketed.

Judge Atherton never ruled on the plaintiff’s request to restrict the issuance of the film.

In its defense, Netflix argues that The Laundromat is not the cause of the "reputational damage" allegedly infringed on Mossack and Fonseca, since it "actually occurred years ago, long before the film was issued, as a result of the publication of the Panama Papers, "referring to the investigation of the   International Consortium of Investigative Journalists (ICIJ) , which revealed how various personalities of politics, sports and royalty hid fortunes and evaded taxes through  offshore companies .



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US fugitive laundering suspect loses habeas corpus appeal


r Ramsés Owens

Posted 05/12/2019

Lawyer Ramsés Owens, who is under investigation  for alleged money laundering through the Jal Offshore company.and for laundering  related to the activities  of the Mossack Fonseca firm, will remain under house arrest after   the Panama Supreme Court  denied  an appeal of habeas corpus presented by Owens so that the precautionary measure could be modified

The precautionary measure was imposed on Owens by the seventh anti-corruption prosecutor, Leyda Sáenz, in charge of the investigations.

The Jal Offshore investigation began on the basis of a complaint filed before the Public Prosecutor on June 22, 2015 by the Superintendence of the Securities Market, which detected alleged anomalies in transactions carried out by the company through the now-defunct  Financial Pacific securities house (FP), between 2010 and 2013.

According to the complaint, securities houses cannot receive cash from customers for purposes other than the purchase of financial instruments or receive money from other accounts.

As part of the same case, the Fourteenth Criminal Court denied Owens permission to leave the country.

Owens has been declared a fugitive in the US where he is facing  money laundering charges



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Panama Papers  money laundering hearing stalled


Posted 10/12/2019

Moves by the defense  team  of Jürgen Mossack and Ramón Fonseca Mora have led to  the second  suspension of the preliminary hearing of the process for alleged money laundering followed by, the founding partners of the former firm Mossack Fonseca (MF), and 32 other people,

It was scheduled for Tuesday, December 10, but suspended due to the presentation of a warning of unconstitutionality and the appeal of a nullity incident by defense attorneys.

In  November the act could not be carried out because one of the accused changed his lawyer and asked for more time to get acquainted with the file.

The company, headquartered in Panama and with offices around the world created tax-dodging offshore accounts for businessmen, politicians, and sports and entertainment figures. and was the center of an international scandal known as the Panama Papers, which was recently portrayed in a Netflix movie.



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Moves by the defense  team  of Jürgen Mossack and Ramón Fonseca Mora have led to  the second  suspension of the preliminary hearing of the process for alleged money laundering 

These two will never see the inside of a jail cell.

One of them is a part time Boqueteño but I understand from a neighbour that he hasn’t been seen here lately.

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