Mossack Fonseca

Mossack Fonseca was a Panamanian law firm known for providing services related to offshore companies and tax avoidance. It gained global notoriety in 2016 when the "Panama Papers," a massive leak of documents, revealed how wealthy individuals, politicians, and celebrities used its services to hide assets and evade taxes. This raised concerns about financial secrecy, legal loopholes, and the ethics of wealth management. The scandal highlighted the complexities of global finance and prompted discussions about regulation and transparency in tax practices. Mossack Fonseca ultimately shut down in 2018 amidst widespread criticism and legal repercussions.