On December 4, 2018, four individuals were charged with wire fraud, tax fraud, money laundering, and other counts in connection with a criminal scheme involving Mossack Fonseca & Co. (“Mossack Fonseca”), a Panamanian law firm.  According to the indictment, from 2000 through 2017, the defendants conspired with others to help U.S. taxpayers and clients of Mossack Fonseca to conceal assets from the IRS through fraudulent means.  These individuals allegedly used sham foundations and shell companies formed under countries such as Panama, Hong Kong, and the British Virgin Islands to conceal income generated by U.S. taxpayers from the IRS and others.

U.S. v. Owens et al., 1:18-cr-00693 (S.D.N.Y.)

DOJ Press Release