It’s being called the “Wikileaks of the mega-rich,” a hack of confidential documents that’s even larger.  And it is going to take a long time to sort through 11.5 million documents stolen from the Panamanian law firm Mossack Fonseca, which has specialized in setting up shell companies in order to help disguise and hide wealth. A group called the International Consortium of Investigative Journalists has published the files in cooperation with the newspaper Suddeutsche Zeitung, which it dubbed the Panamanian Papers.  The headliner, at least for now, is Vladimir Putin, whose associates are supposed to have hidden $2 billion.  ICIJ summarizes the findings: Files reveal the offshore holdings of 140 politicians and public officials from around the world Current and former world leaders in the data include prime ministers of Iceland and Pakistan, the president of Ukraine, and the king of Saudi Arabia More than 214,000 offshore entities...(Read Full Post)