The Panama Papers are potentially the biggest leak concerning the rich and the powerful we have ever witnessed.
With over 11.5 million documents available and only a few thousand released, there is much to be unearthed in the documents that expose corrupt world leaders and the wealthy elite who have participated in tax evasion among other illegal behavior.
Yet there is one major group conspicuously missing from the papers: Americans.
On Thursday, a few hundred American names did surface in new papers, although there weren’t many of significance. As USA Today reports, individuals such as Benjamin Wey, a Wall Street financier, Robert Miracle, an oil and gas investor, and executives such as John Michael Crim and Jonathan Kaplan were all implicated, after previously being prosecuted for various fraudulent behavior.
Yet there have been no American politicians, no American celebrities, and no American journalists found in the papers—unless you are extremely naïve, there is no conceivable manner in which wealthy Americans were not involved in offshore tax evasion.
The editor of Süddeutsche Zeitung, the source that leaked the papers, did send out a tweet in response to the lack of Americans stating, “Just wait for what is coming next.”
Editor of Süddeutsche Zeitung responded to the lack of U.S. individuals in the documents, saying "Just wait for what is coming next"— Mathew Ingram (@mathewi) April 3, 2016
However, it does not seem as though much is coming. This could be because the leak was funded by hedge-fund billionaire George Soros, whose main goal was to topple Putin rather than implicate any Americans (considering he has cushy ties to America’s wealthy), as RT reports.
WikiLeaks also posited that the “Panama Papers data leak was produced by the Organized Crime and Corruption Reporting Project (OCCRP), which targets Russia and [the] former USSR."
Whatever the case, there is no doubt Americans participated in stashing money in offshore accounts. However, considering the Panama Papers’ source, we may need a leak within the leak to uncover the actual truth.
Banner / Thumbnail : Reuters