Pandora Papers, A Global Investigation: Billions Hidden Beyond Reach. A trove of secret files details opaque financial universe where global elite shield riches from taxes, investigations, and accountability.

Greg Miller, Debbie Cenziper, and Peter Whoriskey, Pandora Papers, A Global Investigation: Billions Hidden Beyond Reach. The Washington Post, Sunday, 3 October 2021. “A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and — in 14 cases involving current country leaders — citizens around the world. The revelations include more than $100 million spent by King Abdullah II of Jordan on luxury homes in Malibu, Calif., and other locations; millions of dollars in property and cash secretly owned by the leaders of the Czech Republic, Kenya, Ecuador and other countries; and a waterfront home in Monaco acquired by a Russian woman who gained considerable wealth after she reportedly had a child with Russian President Vladimir Putin. Other disclosures hit closer to home for U.S. officials and other Western leaders who frequently condemn smaller countries whose permissive banking systems have been exploited for decades by looters of assets and launderers of dirty money. The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing. The details are contained in more than 11.9 million financial records that were obtained by the International Consortium of Investigative Journalists (ICIJ) and examined by The Post and other partner news organizations. The files include private emails, secret spreadsheets, clandestine contracts and other records that unlock otherwise impenetrable financial schemes and identify the individuals behind them. The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities operating in countries and territories including Switzerland, Singapore, Cyprus, Belize and the British Virgin Islands. The files detail more than 29,000 offshore accounts, more than double the number identified in the Panama Papers. Among the account owners are more than 130 people listed as billionaires by Forbes magazine and more than 330 public officials in more than 90 countries and territories, twice the number found in the Panama documents.” See also, Key findings from the Pandora Papers investigation, The Washington Post, Washington Post Staff, published on Tuesday, 5 October 2021.

The Facebook Files: A Wall Street Journal Investigation

Jeff Horwitz, Georgia Wells, Deepa Seetharaman, Keach Hagey, Justin Scheck, Newley Purnell, Sam Schechner, Emily Glazer, Wall Street Journal Staff, Stephanie Stamm, John West, The Facebook Files: A Wall Street Journal Investigation. The Wall Street Journal, a series of articles beginning on Monday, 13 September 2021. “Facebook Inc. knows, in acute detail, that its platforms are riddled with flaws that cause harm, often in ways only the company fully understands. That is the central finding of a Wall Street Journal series, based on a review of internal Facebook documents, including research reports, online employee discussions, and drafts of presentations to senior management. Time and again, the documents show, Facebook’s researchers have identified the platform’s ill effects. Time and again, despite congressional hearings, its own pledges, and numerous media exposés, the company didn’t fix them. The documents offer perhaps the clearest picture thus far of how broadly Facebook’s problems are known inside the company, up to the chief executive himself.”

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Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found

David Barstow, Susanne Craig, Russ Buettner and Megan Twohey, Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found. The New York Times, 1 October 2016.

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show. The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.”

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Trump used $258,000 from his charity to settle legal problems

David A. Fahrenthold, Trump used $258,000 from his charity to settle legal problems. The Washington Post, 20 September 2016. The Washington Post’s David A. Fahrenthold explains the latest revelations about how Republican presidential nominee Donald Trump may have violated the IRS’s rules regarding charitable funds.

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How Donald Trump retooled his charity to spend other people’s money

David A. Fahrenthold, How Donald Trump retooled his charity to spend other people’s money. The Washington Post, 10 September 2016. “The Donald J. Trump Foundation is not like other charities. An investigation of the foundation — including examinations of 17 years of tax filings and interviews with more than 200 individuals or groups listed as donors or beneficiaries — found that it collects and spends money in a very unusual manner. For one thing, nearly all of its money comes from people other than Trump. In tax records, the last gift from Trump was in 2008. Since then, all of the donations have been other people’s money — an arrangement that experts say is almost unheard of for a family foundation. Trump then takes that money and generally does with it as he pleases. In many cases, he passes it on to other charities, which often are under the impression that it is Trump’s own money.”

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How Elizabeth Holmes’s House of Cards [Theranos] Came Tumbling Down

Nick Bilton, How Elizabeth Holmes’s House of Cards Came Tumbling Down. Vanity Fair, 6 September 2016. “In a searing investigation into the once lauded biotech start-up Theranos, Nick Bilton discovers that its precocious founder defied medical experts–even her own chief scientist–about the veracity of its now discredited blood-testing technology. She built a corporation based on secrecy in the hope that she could still pull it off. Then, it all fell apart.”

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How Fox News Women Took Down Roger Ailes

Gabriel Sherman, How Fox News Women Took Down Roger Ailes. New York Magazine, 2 September 2016. “It took 15 days to end the mighty 20-year reign of Roger Ailes at Fox News, one of the most storied runs in media and political history. Ailes built not just a conservative cable news channel but something like a fourth branch of government; a propaganda arm for the GOP; an organization that determined Republican presidential candidates, sold wars, and decided the issues of the day for 2 million viewers. That the place turned out to be rife with grotesque abuses of power has left even its liberal critics stunned. More than two dozen women have come forward to accuse Ailes of sexual harassment, and what they have exposed is both a culture of misogyny and one of corruption and surveillance, smear campaigns and hush money, with implications reaching far wider than one disturbed man at the top.”

Update: Sarah Ellison, Fox Settles With Gretchen Carlson for $20 Million–and Offers an Unprecedented Apology. Vanity Fair, 6 September 2016.

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Think Tank Scholar or Corporate Consultant? It Depends on the Day

Eric Lipton, Nicholas Confessore and Brooke Williams, Think Tank Scholar or Corporate Consultant? It Depends on the Day. The New York Times and the New England Center for Investigative Reporting, 8 August 2016. “Acting as independent arbiters to shape government policy, many [think tank] researchers also have corporate roles that are sometimes undisclosed.”

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How Think Tanks Amplify Corporate America’s Influence

Eric Lipton and Brooke Williams, How Think Tanks Amplify Corporate America’s Influence.” The New York Times and the New England Center for Investigative Reporting, 7 August 2016. “Think tanks are seen as independent, but their scholars often push donors’ agendas, amplifying a culture of corporate influence in Washington.”

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Donald Trump’s Ghostwriter Tells All

Jane Mayer, Donald Trump’s Ghostwriter Tells All. The New Yorker, 25 July 2016 issue (18 July 2016 in the digital edition). [Tony Schwartz ghostwrote “The Art of the Deal,” Donald] Trump’s 1987 breakthrough memoir, earning a joint byline on the cover, half of the book’s five-hundred-thousand-dollar advance, and half of the royalties. The book was a phenomenal success, spending forty-eight weeks on the Times best-seller list, thirteen of them at No. 1. More than a million copies have been bought, generating several million dollars in royalties. The book expanded Trump’s renown far beyond New York City, making him an emblem of the successful tycoon…. Starting in late 1985, Schwartz spent eighteen months with Trump—camping out in his office, joining him on his helicopter, tagging along at meetings, and spending weekends with him at his Manhattan apartment and his Florida estate. During that period, Schwartz felt, he had got to know him better than almost anyone else outside the Trump family.”

Update: Jane Mayer, Donald Trump Threatens the Ghostwriter of “The Art of the Deal.” The New Yorker, 20 July 2016. “When Tony Schwartz, Donald Trump’s ghostwriter for his 1987 memoir, “The Art of the Deal,” decided to tell the public about his concerns that Trump isn’t fit to serve as President, his main worry was that Trump, who is famously litigious, would threaten to take legal action against him. Schwartz’s premonition has proved correct.”

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