When is a big financial story an unsurprising financial story? When it turns out that people from corrupt and repressive countries are sneaking their money offshore to keep it hidden.
The world today is tearing into a huge leak of Panamanian legal documents unearthed by a German newspaper and shared via the International Consortium of
According to the Wall Street Journal’s Marketwatch, last month, three wealth managers, Eric St-Cyr, Joshua VanDyk and Patrick Poulin were arrested in Miami and charged with money laundering and conspiracy to launder money on behalf of U.S. Clients. According to the indictment, St-Cyr
, VanDyk and Poulin worked together to conceal and launder wealthy
We get asked all the time to figure out how much money a person may be hiding offshore. Usually, it’s not as straightforward as the recent guilty plea by Ty Warner, the founder of Beanie Babies, who admitted to using a secret Swiss account to avoid paying tax on income of more than $3.1 million.