When it comes to corruption, South Florida certainly doesn’t need any more bad publicity. Unfortunately, the latest international money laundering scandal is only adding to the mix.
In its recent “Secret Shell Game” series, the Miami Herald exposed the Miami-Dade connection to the the “Panama Papers“, a series of just leaked 11.5 million confidential documents held by a Panamanian law firm. In association with the International Consortium of Investigative Journalists, the Miami Herald uncovered “the tightly guarded world of high-end South Florida real estate and the global economic forces reshaping Miami’s skyline.”
The Herald reported an “analysis of the never-before-seen records found 19 foreign nationals creating offshore companies and buying Miami real estate. Of them, eight have been linked to bribery, corruption, embezzlement, tax evasion or other misdeeds in their home countries.”
The fallout of this global scandal has already resulted in the resignations of the Prime Minister of Iceland and the head of a Chilean anti-corruption watchdog agency. The leak also implicated the law firm’s secret ties to Russian President Vladimir Putin, the father of British Prime Minister David Cameron, three members of FIFA, the international soccer association, as well as politicians from France, Argentina, Brazil, Pakistan, Spain and China.
Yeah, this is huge.