It finally makes sense! Left-wing billionaire George Soros can afford to advocate for socialist tax policies and crushing regulations, because he’s already moved his money overseas.
The Panama Papers reveal the infamous Democrat megadonor has been skirting U.S. regulators through the use of shady offshore investments and tax havens.
Three offshore investment vehicles controlled by Soros are catalogued in the Panama Papers. Soros Finance, Inc. was incorporated in Panama; Soros Holdings Limited was set up in the British Virgin Islands and a limited partnership called Soros Capital was created in Bermuda.
…Soros, 86, is worth an estimated $25 billion. His Open Society Institute is one of ICIJ’s main funders, granting it $1.5 million last year. The Panama Papers data reveals only the tip of Soros’ offshore iceberg, the Quantum Group of Funds. The ICIJ’s leader, journalist Gerard Ryle, said he had not noticed Soros’ companies in the Offshore Leaks database until FoxNews.com called the matter to his attention.
It gets sketchier.
…Because it is based offshore, the Quantum Group of Funds is not normally subject to regulation by the United States Securities and Exchange Commission. But in the mid-1990s, Soros Capital bought several SEC-regulated firms, an act which required it to disclose the basic design of the Quantum network of interlocking offshore companies and bank accounts that shield Soros’ billions.
Soros Capital set up an offshore company in the Cayman Islands for the purpose of investing private equity with the Carlyle Group, alongside members of Saudi Arabia’s Bin Laden family. Carlyle’s partners include ex-heads of state and former CIA officials. The private equity partnership specializes in buying and selling weapons manufacturing and intelligence gathering companies with government and military contracts and it also uses secret offshore companies to conduct business.
Soros joins Secretary of State John Kerry on the Panama Papers Wall of Shame, who was also caught hiding millions of dollars in offshore tax havens. Progressive hypocrisy knows no bounds.
And now, we wait for the mainstream media to write about the fact that George Soros (aka. the man bank-rolling Hillary Clinton’s presidential campaign) is hiding investments overseas linked to weapons manufacturing and intelligence gathering. I am sure they will cover it any second now….