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Four Accused of Fraud as U.S. Brings First Panama Papers Charges

December 5, 2018 12:29 AM
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U.S. authorities unsealed charges against four people in connection with offshore accounts opened with the help of Panamanian law firm Mossack Fonseca & Co., in the first U.S. criminal prosecution to emerge from the so-called Panama Papers leak.

Federal prosecutors in New York charged an account manager linked to Mossack Fonseca, a lawyer, a client and his accountant of tax fraud, money laundering and other offenses, stemming from their use of offshore accounts to shuffle and hide millions of dollars. Three of the four have been arrested, t...

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