Revelations from the massive #PanamaPapers data dump are still being made by journalists across the world, but one thing seems to be clear. According to Ramon Fonseca, a co-founder of Mossack Fonseca, the Panamanian company whose dealings have been leaked for all to see, this was a hack. Unlike those released by Ed Snowden, he told Panama’s Channel 2 that the documents were obtained illegally by hackers, according to Bloomberg.
Last Updated | 6:33 p.m.
ICELAND’S PRIME MINISTER, Sigmundur Davíð Gunnlaugsson, resigned on Tuesday, becoming the first leader to be forced from office over the secret financial dealings revealed by the Panama Papers leak.
— Ásta Helgadóttir (@asta_fish) April 5, 2016
The prime minister, who was elected to parliament as a reformer in 2009, promising transparency following the ruinous collapse of three Icelandic banks the year before, failed to disclose that his family secretly held bonds worth millions of dollars in the same banks, through a shell company in the British Virgin Islands.
The Vermont senator’s 2011 comments on Panama are eerily prophetic.