And when we presented the data to those who were named in it, none of them denied what we found."įor more than a year, Obermaier and half a dozen colleagues worked around the clock on the voluminous files, not even telling their spouses or family what they were working on, he says. What we do know is that the data could be verified, cross-checked, and, in every case, it was a 100 percent match. "And as to the identity, basically, we don't know-whether it was a man or a woman or a group. "Exactly how the data was transmitted, I would rather not comment," he says. To hear Obermaier describe it, the Panama Papers swallowed more than a year of his life-although he won't say exactly how long to protect the source of the leak, which involved 11.5 million files sent to his newspaper through an encrypted process. Prime Minister David Cameron, who said Thursday he had made a profit from a share in his late father's offshore fund that was revealed in the data. British bookmakers began taking wagers this week on the next global leaders to quit, including U.K. The leak, which went public Sunday, has already resulted in the resignation of Icelandic Prime Minister Sigmundur David Gunnlaugsson. Outside of the U.S., billionaires, presidents, prime ministers and their family members and friends were revealed to be using tax shelters, according to documents, spanning nearly 40 years, leaked from the Panama law firm Mossack Fonseca, which has denied any wrongdoing. Inside the U.S., most of those named so far are lesser-known executives, criminals and retirees. But there are still plenty of Americans in the data, and you'll be hearing more about this in the days and weeks ahead." who will set up tax shelters, Americans don't have to go to Panama. as elsewhere, because you have so many companies inside the U.S.
"Everyone should be aware, there are American names in the data, but they are not as big or prominent in the U.S. "There's not anybody like Obama, no Hillary in the data and no Donald Trump," he says. Yet among the hundreds of Americans revealed in the Panama Papers-which arrived on the desk of his colleague Bastian Obermayer (no relation) at his Munich-based newspaper, Süddeutsche Zeitung, just over a year ago-there were none of the bold-faced names you might expect, he tells Newsweek. For Frederik Obermaier, 32, an investigative journalist at the German newspaper behind the Panama Papers leak, the main revelation of the world's largest-ever document dump was that the biggest names among those secreting their riches away in tax shelters were not necessarily residing in the most historically shadowy corners of the globe but were "everywhere."
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