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2.5 million secret bank files leaked, exposing the super wealthy and their politicians

Apr 05, 2013

It appears that thousands of secret offshore bank accounts totalling as much as $32 TRILLION are being exposed by Wikileaks--accounts held by the ultra rich, politicians, lawyers, dictators, and others. It appears that 2.5 million files (emails and monetary transfers) have been leaked to the media, by far the largest treasure trove of documents ever seen by the media.

This "leak" strikes at the very heart of the corrupt Babylonian self-styled "elite" around the world. They cannot hold on to power apart from secrecy, and when "Mystery Babylon is exposed to the light, it cannot help but fall. Babylon is allergic to light.

A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over.

The secret records obtained by the International Consortium of Investigative Journalists lay bare the names behind covert companies and private trusts in the British Virgin Islands, the Cook Islands and other offshore hideaways....

The hoard of documents represents the biggest stockpile of inside information about the offshore system ever obtained by a media organization. The total size of the files, measured in gigabytes, is more than 160 times larger than the leak of U.S. State Department documents by Wikileaks in 2010....

“I’ve never seen anything like this. This secret world has finally been revealed,” said Arthur Cockfield, a law professor and tax expert at Queen’s University in Canada, who reviewed some of the documents during an interview with the CBC. He said the documents remind him of the scene in the movie classic The Wizard of Oz in which “they pull back the curtain and you see the wizard operating this secret machine.” ...

The anonymity of the offshore world makes it difficult to track the flow of money. A study by James S. Henry, former chief economist at McKinsey & Company, estimates that wealthy individuals have $21 trillion to $32 trillion in private financial wealth tucked away in offshore havens — roughly equivalent to the size of the U.S. and Japanese economies combined....

 This information was leaked 15 months ago, and it has taken this long to begin to sort it out. More is to be reported in mid-April and later this year. Here is how this information was leaked:




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Category: Corruption

Dr. Stephen Jones

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