Panama Papers

Having lived the past 10 years in Panama, EJ is very familiar with the story and issues behind the “Panama Papers”. He was a client of Mossack Fonseca. In the book “The Truth about the Panama Papers”, he strives to reveal the complete backdrop on Panama in order to bring balance and context to the evolving story on the millions of documents that were stolen from the Mossack Fonseca law archives.

mossack fonsecaIn this day and age of modern whistle blowing via technology hacks and insider infiltration…such as we have seen with Edward Snowden at the NSA (National Security Administration) and Wikileaks via Julian Assange…one first has to analyze the ethics and legality of how such information is attained.  Is it right to obtain and disperse information or data that was illegally gained? Does the end justify the means when it comes to data breaches and hacking?  If so, then we have opened up “Pandora’s box” to the upcoming cyber wars that have been aptly written about by modern security analysts such as Richard Stiennon (“Surviving Cyberwar”) or P.W.Singer  in recent months.

The Panama Papers saga begins with a breach over a year ago of the document archives of the large lawfirm of “Mossack & Fonseca” with offices in Panama and various other countries that are known as “offshore havens”.  It has yet to be revealed who committed this breach, but we do know that this entity has been working with Germany’s largest newspaper publication, “Sueddeutsche Zeitung”, who received a huge stash of Mossack Fonseca documents and shared them with more than 100 media groups through the International Consortium of Investigative Journalists. So, do these media groups have any right or ethics to publish information revealed from stolen documents or data?  We will address these issues in “The Bloody Truth about Living and Working in Panama”.

Finally, where will these revelations leave Panama as a “sovereign nation”?  Should they kowtow to the bigger western nations that are pressuring them to release all such private information regarding Panamanian corporations and foundations to any other country that asks?  Will this take away the tax competitiveness Panama and other nations enjoy or will they be forced to increase taxation to match Marxist/socialist regimes who are forcing so many companies and rich individuals to move their money to tax advantaged countries to remain competitive? Are there any moral or legal grounds for one country to force another to spy on their native citizens?  What rights do private individuals and companies have to move their assets to countries that give them a better deal tax-wise or better return on their investments?  What has happened to “due process” of law regarding the outing of these corporations and/or rich individuals or freezing their assets internationally?

These and many other issues are being addressed in  “The Truth about the Panama Papers”.


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