Netflix released its movie about the Panama Papers on October 18th, and while fictional versions of Jürgen Mossack and Ramón Fonseca narrate the story of the movie to “tell their side”, the real-life Mossack and Fonseca are suing Netflix for defamation.
Mossack and Fonseca are the two lawyers who founded and ran the law firm Mossack Fonseca out of Panama. Their law firm controlled the finances for companies for people all over the world. These are known as offshore accounts, and while they are legal, the Panama Papers revealed that some of the companies allegedly held by the law firm existed only on paper and did not produce or sell anything. These are known as shell corporations and they were allegedly used by Mossack Fonseca’s clients to hide illegal dealings, such as fraud and evading international sanctions, as well as evading taxes.
In Netflix’s movie, “The Laundromat”, both Mossack and Fonseca insist their law firm holds so many companies they don’t even know what each of them does, thereby insisting they are innocent of any crimes their clients may have committed. Continue reading ›