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Jurgan Mossack, one of three directors listed on the company’s paperwork, wrote about his fear of Caro Quinero’s power. Notorious Colombian drug lord Pablo Escobar paled in comparison to Quintero, he said. “I don’t want to be among those Quintero visits after jail,” Mossack wrote, according to the AFR.
Caro Quintano did leave prison — after serving 28 years of a 40-year sentence. In 2013, an appeals court overturned his sentence on a procedural issue. Now under indictment in the United States,
In 2005, a boat loaded with elderly tourists sank in Lake George in upstate New York, killing 20. The survivors sued the ferry company, which, it turned out, had bought a bogus insurance policy from con men. An investigation led to an accountant in St. Kitts, who’d helped the swindlers launder their profits — and had served as a on-paper-only director for 30 shell companies created by Mossack Fonseca,
MARY ALTAFFER / AP file
Mossack Fonseca, meanwhile, rushed to replace Boncamper on the companies’ leadership, and backdated the records to make it look like it had been done years earlier, the ICIJ reported.