by Ted Bauman
The Sovereign Investor
I have a hard time relaxing on Sundays at the best of times. I’m always restless and looking for something to accomplish around the house. Yesterday, I spent a couple of hours in the hammock on my back deck, but, as always, I kept checking the newsfeed on my cellphone. It goes with the territory in the writing business.
That’s when I saw a news alert I couldn’t ignore from The Guardian, a British news outfit. They chose a relaxing Sunday afternoon to tell me that all hell had just broken loose in the world of offshore asset protection. Someone at Panamanian law firm Mossack Fonseca had leaked millions of documents, revealing details of the offshore structures used by thousands of individuals in dozens of countries.