The Panama Papers

TED

This was the biggest leak in history – but the story behind how they were managed is a big story also.

They were first sent to a German newspaper – but they turned it over to an American organization, who coordinated everything. All the journalists (and there were a lot of them, often working for free) cooperated with each other – something that never happened before – and they all agreed to release their results on the same day.

This cooperation turned up a lot of leads – such as the soccer scandal. What was less surprising was the number of rich persons from all over the world, and all stations of life – who wanted to hide their money – and thought it would be safe in Panama.

Were they ever wrong! Their money was secure – but the information about it was not. This company had very poor online security – and their secrets could be stolen easily.

Panama is not only corrupt, it is is incompetent.

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