This article has been updated.
After over more than a year of collaborations by journalists in about 80 countries, three days ago the International Consortium of Investigative Journalists began releasing information on the ‘Panama Papers’ an investigative expose started by reporters at Germany’s Süddeutsche Zeitung who obtained millions of records from a confidential source blowing the whistle on a prominent law firm known as Mossack Fonseca whose primary business dealt with shell companies aka off-shore corporations.
The fallout so far includes the resignation of Iceland’s PM due to companies his wife holds with ties to failed banks. Lines have also been drawn, and denied, to as much as $2 billion in off-shore funds reportedly…