U.S. Accuses Four of Fraud in First Panama Papers Charges
- Accused include Mossack Fonseca-linked lawyer, account manager
- Charges unsealed after arrests in London, Paris, Massachusetts
Photographer: Susana Gonzalez/Bloomberg
This article is for subscribers only.
U.S. authorities charged four people with stashing millions of dollars in offshore shell companies and bank accounts to avoid U.S. taxes with the help of Panamanian law firm Mossack Fonseca & Co., in the first U.S. criminal prosecution to emerge from the so-called Panama Papers case.
Among those charged by federal prosecutors in New York were a lawyer at the now-defunct firm, an investment adviser at an affiliated asset management company, a client and his accountant. The charges include tax evasion, money laundering and wire fraud, among others. Three of the four have been arrested, U.S. authorities said.