As Zero Hedge points out, these “blockbuster” revelations never seem to expose hidden wealth of American figures. From Tyler Durden at zerohedge.com:
t’s been a while since we have seen a massive leak exposing international tax shelters that offer a window into the hidden wealth of the global elite. Buzzfeed brought us the Fincen files a year ago, and before that, the Panama Papers, in early 2016 – leaked documents from the Panama-based law firm Mossack Fonseca – which offered a wealth of information that implicated foreign leaders (it even cost the leader of Iceland his job) including – of course – Russian Vladimir Putin.
Amusingly, though, these major leaks never seem to expose wealth held by American political leaders. And, so today, we have yet another leak, following the same pattern as the Panama Papers – dropping out of nowhere on an otherwise quiet Sunday afternoon – to expose foreign leaders from the Middle East and Eastern Europe, meaning there’s – you guessed it – another Putin connection
The biggest revelation from what the Washington Post is calling “the Pandora Papers” is that South Dakota “now rivals notoriously opaque jurisdictions in Europe and the Caribbean” as a haven for those in need of financial secrecy.
“Tens of millions of dollars from outside the US 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.”