TAX HAVEN MADNESS: STAFF AT MOSSACK FONSECA PROTEST THE DETENTION OF THE FIRM'S PRINCIPALS

In what might be the most extreme example of tax haven hubris, the staff of the law firm of Mossack and Fonseca, exposed by the Panama Papers as a global facilitator of drug money laundering, corruption, tax evasion, and every type of financial crime you can imagine, were out in the streets yesterday, protesting the recent arrest, detention and interrogation of MF partners, Jurgen Mossack and Ramón Fonseca Mora. The fact that the Panama Papers have clearly established the guilt of the firm partners, to the exclusion of any reasonable doubt, means that the staff members protesting are supporting their place of employment, knowing that it is a criminal enterprise.

Most bankers, who were wondering whether the Government of Panama were ever going to get around to the law firm's principals, have welcomed this development, and are regarding the MF staff protests as absolute madness, as they feel much of the staff deserve prison sentences, and lifetime bans from ever working in the legal, or financial services, field again, after their release from custody.

Additional search warrants have been executed by investigators, including at law firms that contain former MF attorneys, who have already left the firm. We have previously identified many of those ex-MF lawyers, who have settled in other positions arounds Panama City, in prior articles. Due to their documented role in the formation of corporate structures, for known criminals, PEPs, and other individuals suspected of tax evasion, readers are urged to avoid those lawyers, who may also face justice in Panama, or elsewhere. They may also be continuing to form companies for criminal organizations.