Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- 0
- 00:00:05,000 --> 00:00:15,000
- INDOXXI
- Support dengan like & share :)
- 1
- 00:00:14,417 --> 00:00:18,083
- [man] First of all, there are some things
- you should know before we begin.
- 2
- 00:00:18,167 --> 00:00:22,458
- [man 2] For instance, we are real people,
- just like you.
- 3
- 00:00:22,708 --> 00:00:25,208
- [man] Secondly,
- we did not write a word of this.
- 4
- 00:00:25,375 --> 00:00:26,625
- To be perfectly frank,
- 5
- 00:00:26,708 --> 00:00:29,500
- we would have preferred
- all of this remain a secret.
- 6
- 00:00:29,625 --> 00:00:31,792
- [man 2] But we had no choice
- in the matter.
- 7
- 00:00:31,875 --> 00:00:35,333
- We just woke up one day
- and everything changed.
- 8
- 00:00:35,500 --> 00:00:37,875
- [man] There were stories about us
- everywhere:
- 9
- 00:00:38,125 --> 00:00:40,667
- TV, newspapers, and the internet.
- 10
- 00:00:40,917 --> 00:00:44,167
- [man 2] And now it is our turn
- to tell a few stories.
- 11
- 00:00:44,458 --> 00:00:47,917
- Think of them as fairy tales
- that actually happened.
- 12
- 00:00:48,375 --> 00:00:51,750
- [man] Don't worry,
- these stories are not just about us.
- 13
- 00:00:52,250 --> 00:00:53,792
- They're also about you.
- 14
- 00:00:54,042 --> 00:00:55,833
- [man 2] And how is that possible?
- 15
- 00:00:56,167 --> 00:01:00,167
- [man] Because all these stories
- are about money.
- 16
- 00:01:00,500 --> 00:01:04,042
- [man 2] The idea of money.
- The necessity of money.
- 17
- 00:01:04,583 --> 00:01:07,125
- The secret life of money.
- 18
- 00:01:07,333 --> 00:01:10,375
- [man] Before money,
- there was only the barter system.
- 19
- 00:01:10,458 --> 00:01:14,500
- You tried to trade what you had
- or you could do for what you needed.
- 20
- 00:01:14,708 --> 00:01:17,167
- You have bananas, but you need a cow.
- 21
- 00:01:17,542 --> 00:01:19,833
- I have a cow, but I hate bananas.
- 22
- 00:01:19,917 --> 00:01:23,417
- So, as you can imagine,
- there was a limit to this system.
- 23
- 00:01:23,625 --> 00:01:27,708
- Bananas turn brown over time
- and cows can, you know, wander away.
- 24
- 00:01:27,792 --> 00:01:31,458
- So an agreed-upon
- medium of exchange was needed.
- 25
- 00:01:31,833 --> 00:01:33,917
- What is a medium of exchange?
- 26
- 00:01:34,792 --> 00:01:38,000
- -Well, it could be a... a nugget of gold.
- -[grunting]
- 27
- 00:01:38,083 --> 00:01:41,833
- Or some other shiny rocks
- that are generally found to be scarce.
- 28
- 00:01:42,333 --> 00:01:45,583
- It could be a... a slip of paper
- 29
- 00:01:46,458 --> 00:01:47,708
- -with words on it...
- -Aah!
- 30
- 00:01:47,792 --> 00:01:49,875
- ...or pictures of powerful people.
- 31
- 00:01:50,250 --> 00:01:51,667
- And if you read those words,
- 32
- 00:01:51,750 --> 00:01:55,958
- you will see that they are arranged
- into a promise of value.
- 33
- 00:01:56,042 --> 00:01:58,250
- [grunting]
- 34
- 00:01:59,333 --> 00:02:00,750
- [chuckles]
- 35
- 00:02:00,833 --> 00:02:02,458
- -Slips of paper...
- -[phone alert]
- 36
- 00:02:02,542 --> 00:02:06,708
- ...which you cannot peel and eat,
- and do not give milk
- 37
- 00:02:06,792 --> 00:02:09,125
- are what we all agreed
- to call "money."
- 38
- 00:02:09,417 --> 00:02:14,083
- And these slips gave birth
- to many other pieces of paper
- 39
- 00:02:14,167 --> 00:02:17,167
- -with more writing on them.
- -[grunting and gasping]
- 40
- 00:02:17,250 --> 00:02:23,083
- And some of those words,
- they told the story of credit.
- 41
- 00:02:24,292 --> 00:02:26,667
- Oh, stay with us now,
- this is important.
- 42
- 00:02:27,625 --> 00:02:33,375
- Credit is an invention that meant
- you no longer needed to carry around, uh,
- 43
- 00:02:33,583 --> 00:02:36,375
- millions of bananas on slips of paper.
- 44
- 00:02:36,458 --> 00:02:39,250
- So, you now have something invisible,
- credit,
- 45
- 00:02:39,333 --> 00:02:42,292
- standing in for something tangible,
- a cow.
- 46
- 00:02:42,375 --> 00:02:44,458
- Credit said that even if you didn't have
- 47
- 00:02:44,625 --> 00:02:47,583
- all the bananas you need
- for what you want,
- 48
- 00:02:48,208 --> 00:02:50,417
- you could borrow bananas
- 49
- 00:02:50,958 --> 00:02:52,667
- from the future.
- 50
- 00:02:52,750 --> 00:02:57,250
- So, credit is just the future tense
- of the language of money.
- 51
- 00:02:59,250 --> 00:03:01,125
- Speaking of the future...
- 52
- 00:03:01,500 --> 00:03:04,958
- [man] Uh, things have gotten
- a little more complicated.
- 53
- 00:03:05,042 --> 00:03:07,500
- Actually, a lot more complicated.
- 54
- 00:03:07,583 --> 00:03:10,833
- There is more money than ever before.
- 55
- 00:03:10,917 --> 00:03:13,667
- Our money has more names
- than ever before.
- 56
- 00:03:13,750 --> 00:03:18,167
- [shouting]
- Commodities, loans, stocks, and bonds.
- 57
- 00:03:18,250 --> 00:03:21,000
- Funds and funds of funds.
- 58
- 00:03:21,083 --> 00:03:24,667
- Futures, equity,
- derivatives, securitized debt,
- 59
- 00:03:24,750 --> 00:03:26,208
- shorts and margin calls.
- 60
- 00:03:26,292 --> 00:03:28,000
- Financial instruments.
- 61
- 00:03:28,167 --> 00:03:29,208
- Words.
- 62
- 00:03:29,583 --> 00:03:31,333
- -Invisible.
- -[laughs]
- 63
- 00:03:31,417 --> 00:03:32,583
- Abstract.
- 64
- 00:03:33,708 --> 00:03:35,583
- Very different from cows.
- 65
- 00:03:35,917 --> 00:03:37,917
- [gentle piano music playing]
- 66
- 00:03:45,958 --> 00:03:49,375
- [humming]
- 67
- 00:04:02,625 --> 00:04:04,417
- Morning has broken.
- 68
- 00:04:04,500 --> 00:04:06,292
- -[man] Morning.
- -Mwah!
- 69
- 00:04:06,458 --> 00:04:08,417
- -Come on, buddy.
- -What time is it?
- 70
- 00:04:08,500 --> 00:04:09,917
- It's time.
- 71
- 00:04:10,500 --> 00:04:12,583
- [clears throat]
- Did you remember to take all your--
- 72
- 00:04:12,667 --> 00:04:13,500
- Yes!
- 73
- 00:04:14,042 --> 00:04:17,208
- -You didn't even let me finish.
- -I took them, I took everything.
- 74
- 00:04:18,083 --> 00:04:19,542
- -Big fat liar.
- -I'm not.
- 75
- 00:04:19,625 --> 00:04:21,583
- You know,
- they're not gonna wait for us, Joe.
- 76
- 00:04:21,667 --> 00:04:22,625
- Okay, yeah.
- 77
- 00:04:22,708 --> 00:04:24,458
- -So....
- -I can't do the laces.
- 78
- 00:04:24,542 --> 00:04:27,042
- -You can have this. I'll take this off.
- -No, I'm all right.
- 79
- 00:04:27,125 --> 00:04:29,792
- -I think it's gonna warm up.
- -Oh, look. They haven't left yet.
- 80
- 00:04:29,875 --> 00:04:31,958
- -No, no, we're all right.
- -[chuckling] Oh, gosh.
- 81
- 00:04:32,042 --> 00:04:33,042
- We're all right.
- 82
- 00:04:33,958 --> 00:04:35,417
- If they ask about it.
- 83
- 00:04:35,500 --> 00:04:37,000
- -They'll save a place for us.
- -Yeah.
- 84
- 00:04:37,083 --> 00:04:38,583
- -You think?
- -Yeah.
- 85
- 00:04:38,750 --> 00:04:40,625
- -There they are.
- -Drop a line in.
- 86
- 00:04:40,708 --> 00:04:41,958
- What would you catch?
- 87
- 00:04:42,333 --> 00:04:44,125
- -Oh, here's Barb. Hi.
- -Probably an old boot.
- 88
- 00:04:44,208 --> 00:04:47,333
- -Hey. Sorry.
- -The line's movin', it's okay.
- 89
- 00:04:47,417 --> 00:04:49,292
- Tryin' to move him out is like,
- you know...
- 90
- 00:04:49,375 --> 00:04:50,333
- Yep.
- 91
- 00:04:50,792 --> 00:04:53,750
- All right. Yeah, that's great.
- I'm glad. I didn't remember.
- 92
- 00:04:55,167 --> 00:04:57,167
- -Shall we let them go, or...
- -Uh...
- 93
- 00:04:58,792 --> 00:04:59,792
- That's it.
- 94
- 00:04:59,875 --> 00:05:02,958
- -Careful on this thing, it gets tricky.
- -Yeah, it gets a little slippery.
- 95
- 00:05:04,125 --> 00:05:05,583
- -Okay.
- -Thank you.
- 96
- 00:05:08,250 --> 00:05:09,208
- Honey?
- 97
- 00:05:09,583 --> 00:05:11,292
- Yeah? Oh, look, a place. Oh.
- 98
- 00:05:12,042 --> 00:05:13,542
- -Oh, and leg room..
- -Yeah.
- 99
- 00:05:13,625 --> 00:05:14,458
- ...to boot.
- 100
- 00:05:15,792 --> 00:05:16,625
- Sweet.
- 101
- 00:05:18,417 --> 00:05:20,417
- [boat engine whirring]
- 102
- 00:05:30,000 --> 00:05:31,708
- Good afternoon, Trenton travelers.
- 103
- 00:05:32,125 --> 00:05:33,250
- This is Richard Paris.
- 104
- 00:05:33,333 --> 00:05:36,500
- I'll be your captain here
- on historic Lake George.
- 105
- 00:05:36,583 --> 00:05:42,208
- We got a magnificent fall day,
- so sit back and relax and enjoy the view.
- 106
- 00:05:44,167 --> 00:05:45,708
- [Joe's wife] Posh seats, huh?
- 107
- 00:05:45,792 --> 00:05:46,833
- -No.
- -[chuckles]
- 108
- 00:05:46,917 --> 00:05:49,625
- Hey, you know where
- the word "posh" comes from?
- 109
- 00:05:49,708 --> 00:05:51,875
- -Do you know, Barb?
- -No idea, El.
- 110
- 00:05:52,167 --> 00:05:54,500
- Oh, is this one
- of your crossword puzzle things
- 111
- 00:05:54,583 --> 00:05:57,625
- -or a fun fact off a calendar?
- -[El laughs] Go on, tell her.
- 112
- 00:05:57,833 --> 00:06:00,375
- The posh seats on a boat, the good seats,
- 113
- 00:06:00,583 --> 00:06:04,292
- were called that because when cruises went
- from England to Africa,
- 114
- 00:06:04,375 --> 00:06:07,833
- if you were sitting on the port side
- on the way there, you saw land.
- 115
- 00:06:07,917 --> 00:06:11,625
- Yeah, and when you would go back,
- you'd want to sit on the starboard side,
- 116
- 00:06:11,708 --> 00:06:14,292
- so that you're not
- lookin' out at nothing all day.
- 117
- 00:06:14,667 --> 00:06:16,958
- Port Out, Starboard Home.
- 118
- 00:06:17,333 --> 00:06:20,542
- P-O-S-H. It's... It's a... an acronym.
- 119
- 00:06:20,625 --> 00:06:21,458
- [El] Yeah.
- 120
- 00:06:21,958 --> 00:06:24,167
- Boy, you guys sure know a lot of trivia.
- 121
- 00:06:24,625 --> 00:06:28,042
- Well, you weren't just staring at nothing.
- 122
- 00:06:28,125 --> 00:06:32,833
- I-- I mean, if you had eyes at all,
- you'd be looking at something.
- 123
- 00:06:32,917 --> 00:06:36,458
- Maybe clouds or whales, but something.
- 124
- 00:06:38,667 --> 00:06:39,667
- Maybe.
- 125
- 00:06:39,833 --> 00:06:41,792
- All right, comin' up
- on your right-hand side
- 126
- 00:06:41,875 --> 00:06:43,958
- just a couple meters beneath the surface
- 127
- 00:06:45,042 --> 00:06:47,583
- is the Sunken Fleet of 1758.
- 128
- 00:06:48,500 --> 00:06:51,500
- -[woman] Oh, that's what that is.
- -British soldiers stationed on the lake
- 129
- 00:06:51,583 --> 00:06:54,292
- sank over 260 vessels to keep them
- 130
- 00:06:54,375 --> 00:06:56,917
- -from being captured by the French.
- -[woman] Amazing it's lasted.
- 131
- 00:06:58,000 --> 00:06:58,958
- Captain?
- 132
- 00:07:01,917 --> 00:07:03,833
- Ah, shit, where did that come from?
- 133
- 00:07:07,708 --> 00:07:09,250
- [yelling and screaming]
- 134
- 00:07:10,417 --> 00:07:11,625
- [man] Whoa!
- 135
- 00:07:15,542 --> 00:07:17,542
- [rising screaming]
- 136
- 00:07:18,292 --> 00:07:19,292
- [silence]
- 137
- 00:07:19,750 --> 00:07:20,750
- [creaking]
- 138
- 00:07:41,333 --> 00:07:44,542
- Ellen and Joe went on their honeymoon
- in Niagara Falls
- 139
- 00:07:44,625 --> 00:07:47,833
- and they were on their way back there
- the day we lost Joe.
- 140
- 00:07:49,000 --> 00:07:54,000
- His dear friend Norm Sidley told me that
- Joe had a ruby pendant in his pocket
- 141
- 00:07:54,083 --> 00:07:56,375
- that he planned to give to Ellen
- at the Falls,
- 142
- 00:07:56,458 --> 00:07:58,208
- because a 40th anniversary...
- 143
- 00:07:59,875 --> 00:08:00,875
- is ruby,
- 144
- 00:08:02,167 --> 00:08:03,750
- a stone of uncommon beauty.
- 145
- 00:08:05,542 --> 00:08:07,417
- And Joe Martin was just as rare.
- 146
- 00:08:09,500 --> 00:08:12,875
- The common man has become
- anything but that.
- 147
- 00:08:14,500 --> 00:08:17,042
- Men who love their wives without stopping.
- 148
- 00:08:17,125 --> 00:08:19,833
- Men who are there for their children
- without fail.
- 149
- 00:08:20,333 --> 00:08:23,792
- Men who pay their taxes
- and shovel their neighbor's walk.
- 150
- 00:08:25,125 --> 00:08:28,500
- Men who drive the speed limit, even
- when there's nobody there to watch them.
- 151
- 00:08:28,708 --> 00:08:32,167
- This is the 14th of 21 funerals
- 152
- 00:08:32,500 --> 00:08:35,167
- that this tragedy has visited
- upon our community.
- 153
- 00:08:37,125 --> 00:08:40,583
- Each one sharpening the pain
- of our shared loss.
- 154
- 00:08:44,250 --> 00:08:48,375
- So... So, what happens next?
- What do we do next?
- 155
- 00:08:49,250 --> 00:08:53,583
- [man] Well, uh, Shoreline Cruises,
- like most of these outfits,
- 156
- 00:08:53,667 --> 00:08:56,125
- they have insurance
- for accidents and such.
- 157
- 00:08:56,958 --> 00:09:00,792
- And that involves filing a claim,
- which they have done with the carrier.
- 158
- 00:09:00,875 --> 00:09:05,250
- So basically, they drowned Joe
- and 20 other innocent people,
- 159
- 00:09:05,333 --> 00:09:07,333
- and you can get insurance for that?
- 160
- 00:09:07,417 --> 00:09:08,417
- [Ellen chuckles]
- 161
- 00:09:08,500 --> 00:09:14,250
- You know, Gwen Musgrave says that she can
- still feel Bucky Mecklenberg's actual hand
- 162
- 00:09:14,625 --> 00:09:19,125
- on her leg, pullin' it, tryin' to get up
- to the surface to get the air.
- 163
- 00:09:19,458 --> 00:09:22,875
- You know, she feels it in the middle
- of the night, just layin' there.
- 164
- 00:09:24,667 --> 00:09:27,000
- Drowning man's hand on her leg. Whew.
- 165
- 00:09:27,458 --> 00:09:29,667
- What kind of compensation is there
- for that?
- 166
- 00:09:30,125 --> 00:09:33,917
- Well, Shoreline is tellin' me that they
- bought a policy from one company
- 167
- 00:09:34,000 --> 00:09:36,792
- and then they were reinsured
- through another company.
- 168
- 00:09:37,542 --> 00:09:42,417
- But I'm expecting a settlement offer
- in the mid-seven figures as a start.
- 169
- 00:09:42,667 --> 00:09:44,042
- Here's what they're saying.
- 170
- 00:09:44,125 --> 00:09:45,417
- -Who?
- -United.
- 171
- 00:09:46,417 --> 00:09:49,083
- I thought our insurance was
- through that firm Monarch.
- 172
- 00:09:49,167 --> 00:09:50,208
- It was. Uh--
- 173
- 00:09:50,292 --> 00:09:52,625
- We did. Well, actually, GPOA.
- 174
- 00:09:52,958 --> 00:09:54,000
- And what's that?
- 175
- 00:09:54,083 --> 00:09:57,667
- Global Property Owners Association.
- That's who insured this place.
- 176
- 00:09:57,750 --> 00:09:59,792
- And they insured the boat as well.
- 177
- 00:10:00,292 --> 00:10:01,875
- -So what's Monarch?
- -[sighs]
- 178
- 00:10:01,958 --> 00:10:04,083
- GPOA became Monarch.
- 179
- 00:10:04,458 --> 00:10:07,000
- But now this guy, Mr. Purser,
- 180
- 00:10:07,083 --> 00:10:12,250
- is saying that Monarch itself is insured
- by-- by a firm called, uh, United.
- 181
- 00:10:13,333 --> 00:10:16,583
- So United takes over the policy
- from Monarch.
- 182
- 00:10:18,083 --> 00:10:19,667
- So United is gonna pay.
- 183
- 00:10:20,375 --> 00:10:23,292
- That's the thing. We got this note saying,
- 184
- 00:10:24,333 --> 00:10:26,833
- "The money you have already saved
- on your insurance
- 185
- 00:10:26,917 --> 00:10:30,333
- is nothing in comparison to having
- an accident with one of your boats
- 186
- 00:10:30,417 --> 00:10:32,958
- while operating them on the lake,
- where they have no coverage.
- 187
- 00:10:33,750 --> 00:10:36,542
- I strongly urge you
- to reconsider the quote
- 188
- 00:10:36,625 --> 00:10:39,833
- for marine liability and hull coverage
- on your entire fleet.
- 189
- 00:10:40,042 --> 00:10:42,583
- I realize that you know the lake
- much better than we do
- 190
- 00:10:42,667 --> 00:10:46,667
- and you have never had an accident before,
- but this is our recommendation to you."
- 191
- 00:10:47,625 --> 00:10:50,250
- No coverage? Who said that?
- 192
- 00:10:50,333 --> 00:10:51,667
- Purser at Monarch.
- 193
- 00:10:52,042 --> 00:10:54,083
- But I thought you said Monarch is United.
- 194
- 00:10:54,167 --> 00:10:55,208
- Right, it is.
- 195
- 00:10:55,292 --> 00:10:57,917
- And Monarch is saying
- that our policy expired be--
- 196
- 00:10:58,792 --> 00:11:00,042
- before the accident,
- 197
- 00:11:00,375 --> 00:11:02,542
- so United is off the hook.
- 198
- 00:11:04,917 --> 00:11:06,042
- Jesus.
- 199
- 00:11:07,208 --> 00:11:08,292
- You let it lapse?
- 200
- 00:11:08,375 --> 00:11:11,542
- -No. No, I--
- -And we're gonna be exposed here?
- 201
- 00:11:11,625 --> 00:11:13,750
- -Us personally?
- -No. It's not true...
- 202
- 00:11:14,083 --> 00:11:14,917
- Rich.
- 203
- 00:11:15,333 --> 00:11:17,333
- [phone rings]
- 204
- 00:11:19,375 --> 00:11:20,708
- [woman] You gonna answer?
- 205
- 00:11:22,917 --> 00:11:25,042
- [man] What area code is 518? You know?
- 206
- 00:11:25,667 --> 00:11:27,917
- -[woman] Europe?
- -[phone continues ringing]
- 207
- 00:11:28,083 --> 00:11:30,708
- [man] It's not Europe.
- Europe have different numbers.
- 208
- 00:11:30,792 --> 00:11:32,750
- [woman] If you answered, you could ask.
- 209
- 00:11:34,792 --> 00:11:37,625
- You didn't sign these, Irvin.
- 210
- 00:11:37,708 --> 00:11:41,083
- These were supposed to be sent back
- to Mossack Fonseca days ago.
- 211
- 00:11:44,625 --> 00:11:48,917
- RDPS Trading, TEP Consulting,
- Wilkinson Systems Limited.
- 212
- 00:11:49,000 --> 00:11:52,167
- You need to be signing where it says
- "Director" on all of these.
- 213
- 00:11:52,625 --> 00:11:55,625
- I need to fax these back to Panama
- by the end of the day.
- 214
- 00:11:57,042 --> 00:11:57,875
- Irvin!
- 215
- 00:12:01,625 --> 00:12:02,625
- [Irvin sighs]
- 216
- 00:12:02,875 --> 00:12:05,500
- That's $15 a signature, sweetie.
- 217
- 00:12:08,750 --> 00:12:11,708
- Also, Christopher Purser
- called from Houston,
- 218
- 00:12:11,792 --> 00:12:15,000
- said there's a problem
- with the Monarch-United arrangement.
- 219
- 00:12:15,083 --> 00:12:16,417
- What kinda problem?
- 220
- 00:12:17,042 --> 00:12:18,500
- Boat sank in New York.
- 221
- 00:12:20,000 --> 00:12:22,708
- Twenty-one people died.
- He wants to know what to do.
- 222
- 00:12:22,792 --> 00:12:24,625
- You want me to get him on the phone?
- 223
- 00:12:33,708 --> 00:12:37,167
- Hey, this is Matthew Quirk
- calling for Mr. Boncamper.
- 224
- 00:12:37,250 --> 00:12:41,250
- Uh, my lawyer says you're the nominee
- director for United Reinsurance.
- 225
- 00:12:41,333 --> 00:12:44,375
- I filed an accident claim
- for Shoreline Cruises
- 226
- 00:12:44,458 --> 00:12:46,875
- and I need to speak with you
- as soon as possible.
- 227
- 00:12:46,958 --> 00:12:48,958
- My number is area code 518--
- 228
- 00:12:49,375 --> 00:12:50,333
- Shit.
- 229
- 00:12:50,792 --> 00:12:52,292
- I got some bad news.
- 230
- 00:12:54,000 --> 00:12:56,875
- A very unfortunate turn of events.
- 231
- 00:12:57,792 --> 00:13:01,333
- Mr. Purser, who sold us the policy
- down in Houston
- 232
- 00:13:01,417 --> 00:13:03,458
- is, um... under investigation
- 233
- 00:13:03,542 --> 00:13:07,667
- by some sort of professional
- oversight organization there in Texas.
- 234
- 00:13:07,750 --> 00:13:09,917
- He's not allowed
- to sell insurance anymore.
- 235
- 00:13:10,375 --> 00:13:12,875
- Ever. The IRS is involved.
- 236
- 00:13:12,958 --> 00:13:18,208
- There were gyms with claims
- and, uh, nursing homes with claims.
- 237
- 00:13:19,708 --> 00:13:21,042
- We're not the only ones.
- 238
- 00:13:21,833 --> 00:13:24,000
- Uh, they said, "Get in line." [chuckles]
- 239
- 00:13:28,208 --> 00:13:30,125
- I was tryin' to save some money, Rich.
- 240
- 00:13:32,833 --> 00:13:36,375
- And they were cheaper.
- Monarch was... they were much cheaper.
- 241
- 00:13:37,167 --> 00:13:40,708
- We were expanding the restaurant
- and buying a second boat.
- 242
- 00:13:42,000 --> 00:13:44,583
- [Rich] Matty, they're gonna come
- after us, aren't they?
- 243
- 00:13:46,625 --> 00:13:49,125
- I can't sleep at night. Um...
- 244
- 00:13:50,167 --> 00:13:52,208
- I have dreams about those people.
- 245
- 00:13:54,167 --> 00:13:58,083
- Faces floating up in the waves,
- bodies washin' up on the beach.
- 246
- 00:13:58,167 --> 00:13:59,167
- Beach by my house.
- 247
- 00:14:03,542 --> 00:14:05,500
- Maybe we could try to settle with 'em.
- 248
- 00:14:05,750 --> 00:14:08,833
- Of course, we--
- Of course, we want to settle.
- 249
- 00:14:10,750 --> 00:14:12,958
- We are hat in hand here, Rich.
- 250
- 00:14:14,417 --> 00:14:17,958
- Hat in hand, wanting to settle
- with the best of intentions.
- 251
- 00:14:19,125 --> 00:14:21,125
- [gentle jazz plays]
- 252
- 00:14:29,583 --> 00:14:31,583
- -What do you think?
- -Let's go!
- 253
- 00:14:31,667 --> 00:14:32,833
- -Whoo!
- -Whoa!
- 254
- 00:14:32,917 --> 00:14:34,625
- I know! Automatic! [laughs]
- 255
- 00:14:37,708 --> 00:14:40,292
- -Sometimes I get lost. Okay...
- -This way?
- 256
- 00:14:40,375 --> 00:14:41,875
- -All the way down there.
- -[child] Whoo!
- 257
- 00:14:41,958 --> 00:14:43,458
- There, right to the elevator.
- 258
- 00:14:43,917 --> 00:14:45,542
- -Good boy.
- -Oh, wow.
- 259
- 00:14:45,625 --> 00:14:47,042
- -Whoa!
- -[laughing]
- 260
- 00:14:47,125 --> 00:14:49,875
- -Waah-oooh!
- -Whoo! [laughing]
- 261
- 00:14:49,958 --> 00:14:51,833
- -I'm gonna catch you!
- -No, you're not!
- 262
- 00:14:51,917 --> 00:14:54,375
- -Oh, Mom, this is so great.
- -I know.
- 263
- 00:14:55,875 --> 00:14:57,333
- Think your dad would approve?
- 264
- 00:14:58,458 --> 00:15:00,167
- -He'd love it, Mom.
- -[boy] Come on!
- 265
- 00:15:00,417 --> 00:15:02,000
- -[girl] Oh, no!
- -I think so too.
- 266
- 00:15:02,083 --> 00:15:04,625
- Hey, kids, come here, come here. Look.
- 267
- 00:15:05,167 --> 00:15:07,000
- -Can you see the Eiffel Tower?
- -What?
- 268
- 00:15:07,083 --> 00:15:08,583
- -Can you see it?
- -Yeah.
- 269
- 00:15:08,667 --> 00:15:10,208
- It looks like Paris, France.
- 270
- 00:15:11,083 --> 00:15:12,917
- -Wait.
- -Can you see? Kaylen, look.
- 271
- 00:15:13,500 --> 00:15:15,917
- They light it up all night long.
- It's so pretty.
- 272
- 00:15:16,000 --> 00:15:18,083
- But here's the best, best, best part.
- 273
- 00:15:18,500 --> 00:15:19,958
- Can you see by the palm tree?
- 274
- 00:15:20,167 --> 00:15:21,833
- -Oh, yes, I can.
- -Yeah.
- 275
- 00:15:23,458 --> 00:15:27,708
- Years ago, there was a guy there who
- could write your name on a grain of rice.
- 276
- 00:15:27,792 --> 00:15:30,125
- -What?
- -For 25 cents.
- 277
- 00:15:30,208 --> 00:15:31,708
- -That's a bargain.
- -I know.
- 278
- 00:15:31,792 --> 00:15:33,417
- -Whoa.
- -And...
- 279
- 00:15:33,792 --> 00:15:38,458
- that corner is the corner
- where I met your grandfather.
- 280
- 00:15:40,125 --> 00:15:41,708
- -Oh.
- -[clears throat]
- 281
- 00:15:42,333 --> 00:15:44,083
- He was here for a tire convention,
- 282
- 00:15:44,167 --> 00:15:48,375
- and I was here
- 'cause my girlfriend's bachelorette party.
- 283
- 00:15:49,000 --> 00:15:52,667
- And he took me to see Diana Ross
- at Caesars.
- 284
- 00:15:53,292 --> 00:15:55,250
- How he got those tickets...
- 285
- 00:15:55,375 --> 00:15:58,208
- Although he did tell me later
- that he stole 'em
- 286
- 00:15:58,292 --> 00:16:00,458
- -out of his boss's briefcase.
- -[giggling]
- 287
- 00:16:00,542 --> 00:16:02,750
- -[gasps]
- -Which is bad. [chuckles]
- 288
- 00:16:03,292 --> 00:16:06,875
- But he said that he knew her from Detroit.
- 289
- 00:16:07,250 --> 00:16:08,708
- He sold her tires.
- 290
- 00:16:09,208 --> 00:16:12,542
- This is one of the Supremes.
- I don't think so.
- 291
- 00:16:13,875 --> 00:16:16,417
- Anyway, she came out onstage and he said,
- 292
- 00:16:17,708 --> 00:16:22,375
- "The most beautiful woman
- I have ever seen in my whole life."
- 293
- 00:16:25,000 --> 00:16:28,000
- But then he leaned over to me
- and he said, "Except for you."
- 294
- 00:16:29,042 --> 00:16:30,250
- -Aw.
- -Was he kidding?
- 295
- 00:16:30,500 --> 00:16:32,917
- Oh! "Was he kidding?"
- 296
- 00:16:33,000 --> 00:16:34,917
- [laughing]
- 297
- 00:16:35,875 --> 00:16:40,458
- So, I was supposed to drive back
- to Sacramento with Connie, but I didn't.
- 298
- 00:16:40,792 --> 00:16:44,083
- I stayed the whole weekend,
- 'cause it was Labor Day weekend.
- 299
- 00:16:44,208 --> 00:16:48,208
- And we, uh... we went to the Jerry Lewis
- muscular dystrophy telethon,
- 300
- 00:16:48,292 --> 00:16:49,583
- saw that live.
- 301
- 00:16:50,333 --> 00:16:53,917
- We went and got mai tai
- after mai tai after mai tai.
- 302
- 00:16:54,000 --> 00:16:55,458
- What's a mai tai?
- 303
- 00:16:55,833 --> 00:16:58,625
- [Ellen] Oh, that's a Hawaiian
- fertility drug, honey.
- 304
- 00:16:59,000 --> 00:17:00,625
- -[chuckles]
- -Mom.
- 305
- 00:17:01,042 --> 00:17:04,000
- Your mom was conceived
- under a paper umbrella
- 306
- 00:17:04,083 --> 00:17:06,583
- when we were $68 up at slots.
- 307
- 00:17:06,708 --> 00:17:09,292
- Yeah! [laughing loudly]
- 308
- 00:17:09,417 --> 00:17:11,792
- Okay, listen, kids,
- why don't you put your swimsuits on?
- 309
- 00:17:11,875 --> 00:17:13,458
- -There is a pool on the roof.
- -Really?
- 310
- 00:17:13,542 --> 00:17:15,292
- -Yeah.
- -Oh, my goodness.
- 311
- 00:17:16,167 --> 00:17:18,500
- -Pool, here I come.
- -Pool, here I come.
- 312
- 00:17:19,375 --> 00:17:20,208
- [girl] Whoo!
- 313
- 00:17:20,292 --> 00:17:21,833
- -Mrs. Martin?
- -[Ellen] Yeah?
- 314
- 00:17:22,333 --> 00:17:23,500
- -Hi, Hannah!
- -Hi--
- 315
- 00:17:23,583 --> 00:17:25,292
- -This is my daughter, Melanie.
- -Hi.
- 316
- 00:17:25,375 --> 00:17:27,000
- -Did you get my message?
- -And my grandkid--
- 317
- 00:17:27,083 --> 00:17:28,875
- -What? No, what me--
- -I left you a message.
- 318
- 00:17:28,958 --> 00:17:32,833
- Oh. Well, I've been so busy with
- the yard sale and the packing and the--
- 319
- 00:17:32,917 --> 00:17:35,125
- I'm not sure my mom knows how
- to check her messages.
- 320
- 00:17:35,208 --> 00:17:37,167
- I've been stayin' with her
- out in Denver, so--
- 321
- 00:17:37,250 --> 00:17:40,167
- Hey, let me-- Kids, come here.
- I want you to meet somebody.
- 322
- 00:17:40,667 --> 00:17:41,917
- -This is...
- -Hello!
- 323
- 00:17:42,000 --> 00:17:43,958
- ...Kaylen! And this is Thalia.
- 324
- 00:17:44,042 --> 00:17:45,292
- -Hello!
- -Ah.
- 325
- 00:17:45,375 --> 00:17:48,083
- She is a great butterfly swimmer.
- 326
- 00:17:48,167 --> 00:17:49,125
- Mwah!
- 327
- 00:17:49,208 --> 00:17:50,542
- [Melanie] Olympic hopeful.
- 328
- 00:17:50,625 --> 00:17:51,833
- Bet you got your swimsuit on
- 329
- 00:17:51,917 --> 00:17:53,667
- -underneath that shirt, don't you?
- -Yeah!
- 330
- 00:17:53,750 --> 00:17:55,125
- [Kaylen] Pick me up!
- 331
- 00:17:55,208 --> 00:17:58,208
- Do you-- Do you just--
- I'd like to speak to you for a minute.
- 332
- 00:17:58,292 --> 00:18:00,292
- -If we could just....
- -Oh, sure, sure.
- 333
- 00:18:00,375 --> 00:18:02,042
- Okay, we're gonna go swimming soon.
- 334
- 00:18:02,125 --> 00:18:04,000
- -Here, wait here.
- -Mom, I wanna go swimming.
- 335
- 00:18:04,083 --> 00:18:06,083
- -Let's play I Spy. What do you see?
- -[Kaylen] Me too.
- 336
- 00:18:06,167 --> 00:18:08,208
- -What do you see?
- -[Thalia] I spy something blue.
- 337
- 00:18:10,042 --> 00:18:11,542
- This unit's been sold.
- 338
- 00:18:12,292 --> 00:18:13,917
- -What?
- -Not to you.
- 339
- 00:18:16,042 --> 00:18:17,708
- Well, where-- Can't I-- Wh--
- 340
- 00:18:18,750 --> 00:18:22,208
- What's the word? Counter? Counter.
- Can't I even counter?
- 341
- 00:18:22,708 --> 00:18:25,333
- They paid double the asking price.
- In cash.
- 342
- 00:18:26,042 --> 00:18:28,708
- And they bought three units
- that they want to combine.
- 343
- 00:18:29,833 --> 00:18:31,542
- So what do I-- What happens to me?
- 344
- 00:18:32,292 --> 00:18:35,625
- Well, I have a wonderful
- one-bedroom Bristol.
- 345
- 00:18:36,000 --> 00:18:37,958
- It has Italian marble everywhere.
- 346
- 00:18:38,042 --> 00:18:40,625
- -I don't care about marble.
- -I could show you. It'd be great.
- 347
- 00:18:40,708 --> 00:18:43,125
- No, I don't care.
- I just want to look out and see Joe.
- 348
- 00:18:44,292 --> 00:18:46,750
- -Joe?
- -I want to look out and see my corner.
- 349
- 00:18:48,625 --> 00:18:51,583
- Well, okay. I don't have anything
- facing that direction,
- 350
- 00:18:51,667 --> 00:18:58,167
- but I do have a three-bedroom Hennessey
- facing north.
- 351
- 00:18:58,250 --> 00:18:59,417
- -It's gorgeous.
- -No.
- 352
- 00:18:59,500 --> 00:19:00,750
- -I could show you that?
- -No.
- 353
- 00:19:00,833 --> 00:19:02,542
- -No, not north.
- -It's really wonderful.
- 354
- 00:19:02,625 --> 00:19:04,375
- -I could--
- -Fuck north. No.
- 355
- 00:19:04,792 --> 00:19:07,875
- I am puttin' down the settlement money
- from the accident.
- 356
- 00:19:09,333 --> 00:19:12,042
- I look out there
- and I see him smilin' at me,
- 357
- 00:19:12,125 --> 00:19:13,500
- holdin' two tickets.
- 358
- 00:19:13,583 --> 00:19:14,583
- You see who?
- 359
- 00:19:14,667 --> 00:19:17,167
- Two tickets to the rest of my life.
- 360
- 00:19:18,417 --> 00:19:23,625
- I walk around Detroit, I see him reachin'
- up for dead leaves in a lake. [gasps]
- 361
- 00:19:25,042 --> 00:19:26,042
- [groans]
- 362
- 00:19:26,167 --> 00:19:29,000
- If these people,
- whoever they are, if they knew...
- 363
- 00:19:29,292 --> 00:19:30,708
- I could explain it to 'em.
- 364
- 00:19:31,042 --> 00:19:34,958
- -There are so many places they could live.
- -I can't give you their name, by law.
- 365
- 00:19:35,042 --> 00:19:37,375
- -[sighs]
- -Maybe you could talk to their lawyer.
- 366
- 00:19:37,458 --> 00:19:39,500
- [gasps] That's right.
- I could write 'em a letter.
- 367
- 00:19:39,583 --> 00:19:42,083
- That wouldn't be
- an invasion of anybody's privacy.
- 368
- 00:19:42,167 --> 00:19:44,958
- -I can't give you their name.
- -Or if I could just talk to 'em.
- 369
- 00:19:45,042 --> 00:19:46,542
- -Why?
- -Privacy.
- 370
- 00:19:47,042 --> 00:19:50,583
- Cash. Who pays cash?
- 371
- 00:19:51,458 --> 00:19:52,583
- [whispers] Russians.
- 372
- 00:19:55,083 --> 00:19:57,250
- Aren't we going swimming?
- 373
- 00:19:57,333 --> 00:19:59,542
- -[laughs sadly]
- -Aren't we going swimming?
- 374
- 00:19:59,625 --> 00:20:02,208
- Mom, what's wrong? What did she say?
- 375
- 00:20:02,500 --> 00:20:03,333
- [sighs]
- 376
- 00:20:03,667 --> 00:20:05,417
- -You okay, Grandma?
- -Mom, what is it?
- 377
- 00:20:05,500 --> 00:20:07,083
- -Yes, I'm fine.
- -Are you sure?
- 378
- 00:20:07,750 --> 00:20:10,083
- [men speaking Russian]
- 379
- 00:20:13,000 --> 00:20:15,250
- -Grandma, can I go to the pool?
- -[Hannah speaks Russian]
- 380
- 00:20:15,333 --> 00:20:16,333
- Wait a second.
- 381
- 00:20:16,417 --> 00:20:18,417
- -[Hannah speaks Russian]
- -Nice to see you again.
- 382
- 00:20:18,500 --> 00:20:20,042
- [man speaks Russian]
- 383
- 00:20:20,292 --> 00:20:23,083
- You guys, you go on down.
- I'll meet you in the lobby.
- 384
- 00:20:28,250 --> 00:20:31,458
- [Hannah] I just saw your email
- with the paperwork attached.
- 385
- 00:20:32,083 --> 00:20:34,292
- [man] You have worked
- with offshore entities before?
- 386
- 00:20:34,417 --> 00:20:35,542
- [Hannah] Of course.
- 387
- 00:20:35,917 --> 00:20:39,250
- [man 2] Yeah, we did the same thing
- in New York when we bought there.
- 388
- 00:20:39,333 --> 00:20:41,958
- -Helps us with taxes and other things.
- -[man 1] Oooh!
- 389
- 00:20:42,375 --> 00:20:44,125
- -Amazing!
- -[man 2] Now we're cooking.
- 390
- 00:20:44,208 --> 00:20:47,500
- -[man 1] That's great, Hannah. Incredible!
- -[Hannah] I have all three on ho--
- 391
- 00:20:47,583 --> 00:20:48,583
- [door closes]
- 392
- 00:20:54,958 --> 00:20:56,958
- ["Judas" by The Charlatans playing]
- 393
- 00:21:15,000 --> 00:21:18,875
- So, how does it all work,
- this world of offshore companies?
- 394
- 00:21:19,083 --> 00:21:21,000
- And how do you know if it is for you?
- 395
- 00:21:21,333 --> 00:21:25,583
- First of all, you must ask yourself,
- are you wealthy?
- 396
- 00:21:26,167 --> 00:21:31,333
- There are just over two thousand
- billionaires on planet Earth.
- 397
- 00:21:31,875 --> 00:21:34,792
- Maybe you are one of them,
- or maybe you are just a millionaire.
- 398
- 00:21:34,875 --> 00:21:37,500
- There are 15 million of them in the world.
- 399
- 00:21:38,458 --> 00:21:42,333
- Perhaps you are older now
- and it's time to contemplate your legacy.
- 400
- 00:21:42,542 --> 00:21:46,292
- Or maybe you are younger and
- building an empire like our friends here.
- 401
- 00:21:50,167 --> 00:21:53,417
- Your ambitions lead you to a place
- that deals with money.
- 402
- 00:21:53,750 --> 00:21:56,958
- For instance, a bank. A big bank.
- 403
- 00:21:57,042 --> 00:21:58,542
- Probably in Europe.
- 404
- 00:21:58,625 --> 00:22:03,000
- And you find yourself sitting
- across a desk from a wealth manager,
- 405
- 00:22:03,458 --> 00:22:06,208
- a financial advisor, a banker.
- 406
- 00:22:06,292 --> 00:22:09,583
- You lay out your fears.
- Income tax, state tax,
- 407
- 00:22:09,667 --> 00:22:12,958
- inheritance tax, capital gains taxes.
- 408
- 00:22:13,167 --> 00:22:15,500
- Your advisor understands your concerns
- 409
- 00:22:15,583 --> 00:22:17,625
- and suggests you set up
- an offshore company,
- 410
- 00:22:17,708 --> 00:22:20,125
- where your assets
- will be safe from scrutiny.
- 411
- 00:22:20,208 --> 00:22:22,250
- And that's where we come in.
- 412
- 00:22:23,375 --> 00:22:27,792
- Now, we supply you with a shell company,
- which holds your assets.
- 413
- 00:22:28,042 --> 00:22:31,000
- You are not the company,
- even if the company is you.
- 414
- 00:22:31,208 --> 00:22:34,417
- Confused yet?
- We give this entity a name.
- 415
- 00:22:34,625 --> 00:22:35,458
- Uh...
- 416
- 00:22:35,833 --> 00:22:38,250
- "New Century Enterprises," perhaps.
- 417
- 00:22:38,750 --> 00:22:41,667
- You don't need office space.
- You don't need employees.
- 418
- 00:22:42,083 --> 00:22:43,625
- Exists on paper only.
- 419
- 00:22:43,833 --> 00:22:47,375
- And what does this company make?
- What goods or services does it supply?
- 420
- 00:22:48,208 --> 00:22:49,250
- Privacy.
- 421
- 00:22:49,500 --> 00:22:53,292
- It's nothing more than an email address
- and a post-office box in a country
- 422
- 00:22:53,375 --> 00:22:56,208
- where the laws are favorable
- to your financial goals.
- 423
- 00:22:56,500 --> 00:22:58,708
- And where can you find such a country?
- 424
- 00:22:58,833 --> 00:23:01,042
- Usually in the middle of the ocean.
- 425
- 00:23:01,542 --> 00:23:06,000
- Maybe the Seychelles
- or Cyprus or Tortola or...
- 426
- 00:23:15,792 --> 00:23:17,792
- I know it's not what you were expecting.
- 427
- 00:23:19,125 --> 00:23:21,750
- Well, none of this is expected.
- 428
- 00:23:22,125 --> 00:23:23,667
- Take the money, El.
- 429
- 00:23:24,375 --> 00:23:25,625
- Sign the release.
- 430
- 00:23:27,000 --> 00:23:31,000
- Joe took really good care of you
- with his life insurance.
- 431
- 00:23:31,500 --> 00:23:32,833
- That and the settlement...
- 432
- 00:23:33,792 --> 00:23:35,125
- Just take a trip.
- 433
- 00:23:35,208 --> 00:23:36,750
- -[sighs]
- -Miss some winter.
- 434
- 00:23:36,833 --> 00:23:39,583
- Go somewhere that you always wanted.
- 435
- 00:23:42,125 --> 00:23:43,208
- [man sighs]
- 436
- 00:23:43,292 --> 00:23:47,458
- I mean, the damn insurance company
- is the problem here.
- 437
- 00:23:48,625 --> 00:23:50,292
- You know, I just don't--
- I don't understand
- 438
- 00:23:50,375 --> 00:23:53,375
- how they can just walk away
- from any of this.
- 439
- 00:23:53,458 --> 00:23:56,708
- The United Reinsurance Group of Nevis.
- 440
- 00:23:57,417 --> 00:24:00,167
- [sighs]
- They're the ones gettin' away with murder.
- 441
- 00:24:01,250 --> 00:24:03,250
- Where in the world is Nevis?
- 442
- 00:24:03,500 --> 00:24:05,458
- [scoffs] I don't know. Does it matter?
- 443
- 00:24:11,042 --> 00:24:12,375
- [sighs]
- 444
- 00:24:33,208 --> 00:24:35,208
- [jaunty flute music begins]
- 445
- 00:25:26,500 --> 00:25:28,500
- [jaunty flute music continues]
- 446
- 00:25:33,792 --> 00:25:34,958
- Where's Boncamper?
- 447
- 00:25:35,042 --> 00:25:37,875
- -Miss, you can't-- Oh, my God!
- -Where is he? I want him!
- 448
- 00:25:38,500 --> 00:25:39,833
- [screaming]
- 449
- 00:25:39,917 --> 00:25:41,375
- Where's Boncamper?
- 450
- 00:25:43,333 --> 00:25:44,458
- Where is he?
- 451
- 00:25:44,708 --> 00:25:46,167
- [people whimpering]
- 452
- 00:25:46,833 --> 00:25:47,958
- [beeping]
- 453
- 00:25:53,250 --> 00:25:55,750
- [woman on P.A.]
- Ladies and gentlemen, welcome to Nevis.
- 454
- 00:25:55,833 --> 00:25:58,542
- The local time is approximately 2:45 p.m.
- 455
- 00:25:59,167 --> 00:26:02,250
- [woman] There is no
- Global Property Owners Association,
- 456
- 00:26:02,458 --> 00:26:03,917
- and there is no Monarch.
- 457
- 00:26:04,708 --> 00:26:06,000
- Never really was.
- 458
- 00:26:07,125 --> 00:26:08,917
- How is any of this possible?
- 459
- 00:26:09,000 --> 00:26:13,208
- Purser backdated the letter to make it
- look like he sent it before the accident
- 460
- 00:26:13,292 --> 00:26:14,667
- so he wouldn't have to pay.
- 461
- 00:26:15,208 --> 00:26:16,750
- What about United? Um...
- 462
- 00:26:16,833 --> 00:26:19,583
- -They said United reinsured Monarch.
- -No United, either.
- 463
- 00:26:20,125 --> 00:26:24,583
- It's just a scam that goes from Houston
- to the West Indies to Panama
- 464
- 00:26:24,667 --> 00:26:26,375
- to some bank, who knows where.
- 465
- 00:26:27,208 --> 00:26:31,292
- Looks like an 18 US code 1343, or 49.
- 466
- 00:26:33,833 --> 00:26:35,833
- I'm sorry, 1340-what?
- 467
- 00:26:37,125 --> 00:26:38,125
- Fraud.
- 468
- 00:26:41,208 --> 00:26:43,167
- All I did wrong was try and save money.
- 469
- 00:26:46,042 --> 00:26:48,500
- I tried to buy what I needed for less.
- 470
- 00:26:48,583 --> 00:26:49,583
- That, and I...
- 471
- 00:26:51,042 --> 00:26:52,542
- I trusted someone in...
- 472
- 00:26:54,917 --> 00:26:55,833
- Houston.
- 473
- 00:26:57,208 --> 00:26:58,708
- Is there even a Boncamper?
- 474
- 00:27:01,708 --> 00:27:02,708
- Oh, yeah.
- 475
- 00:27:03,750 --> 00:27:05,083
- There's a Boncamper.
- 476
- 00:27:06,417 --> 00:27:07,792
- [woman] How long this time?
- 477
- 00:27:08,458 --> 00:27:09,583
- [Irvin] Not sure.
- 478
- 00:27:10,958 --> 00:27:13,625
- Three days. Maybe five.
- 479
- 00:27:14,458 --> 00:27:16,083
- Clients coming in from Europe.
- 480
- 00:27:16,458 --> 00:27:17,417
- Oh.
- 481
- 00:27:17,958 --> 00:27:19,042
- Can I go?
- 482
- 00:27:19,875 --> 00:27:21,708
- It's not vacation, Rich.
- 483
- 00:27:23,000 --> 00:27:27,750
- If I bring you, I end up spending all
- the money I make on the damn plane ticket.
- 484
- 00:27:27,833 --> 00:27:30,083
- Come on, Dad, we can go to the uni.
- 485
- 00:27:30,583 --> 00:27:31,625
- [chuckles]
- 486
- 00:27:31,708 --> 00:27:34,417
- You-- You think I can afford
- University Miami?
- 487
- 00:27:35,000 --> 00:27:36,750
- You go there like every month, no?
- 488
- 00:27:37,000 --> 00:27:38,875
- Why don't we get an apartment?
- 489
- 00:27:39,042 --> 00:27:40,958
- In-state tuition is not that much.
- 490
- 00:27:41,042 --> 00:27:43,000
- Oh, you know about the laws, do you?
- 491
- 00:27:43,625 --> 00:27:44,458
- Mm?
- 492
- 00:27:46,625 --> 00:27:47,542
- I do.
- 493
- 00:27:48,542 --> 00:27:52,750
- I know all the residency laws.
- That's what accountants know.
- 494
- 00:27:52,875 --> 00:27:55,042
- Laws and taxes and banking.
- 495
- 00:27:55,708 --> 00:27:56,792
- What do you know, eh?
- 496
- 00:27:57,583 --> 00:27:58,958
- Basketball shoes?
- 497
- 00:28:01,667 --> 00:28:03,750
- He want to see the world.
- 498
- 00:28:04,750 --> 00:28:06,417
- Learn more about what you do.
- 499
- 00:28:07,417 --> 00:28:09,750
- Maybe he can go into business
- with you one day.
- 500
- 00:28:09,917 --> 00:28:12,292
- Let him come along
- and watch you at work, Irvin.
- 501
- 00:28:12,375 --> 00:28:13,625
- Hmph. [tuts]
- 502
- 00:28:41,875 --> 00:28:44,875
- Excuse me, sir. Sir? Can you help me?
- 503
- 00:28:45,333 --> 00:28:48,958
- I'm lookin' for 556 Main Street.
- 504
- 00:28:49,333 --> 00:28:51,292
- Yeah? The post office, in here.
- 505
- 00:28:51,375 --> 00:28:54,833
- No, I'm looking
- for the United Reinsurance Group,
- 506
- 00:28:55,375 --> 00:28:57,625
- which is 556 Main Street.
- 507
- 00:28:58,833 --> 00:29:00,625
- -Un-- United, you say?
- -Yeah.
- 508
- 00:29:00,833 --> 00:29:02,417
- -Mm-hm.
- -I-- I-- I-- I think...
- 509
- 00:29:02,500 --> 00:29:05,000
- I-- I think you must have
- written down the wrong address.
- 510
- 00:29:05,083 --> 00:29:07,833
- No, no, I looked it up.
- It's United Reinsurance.
- 511
- 00:29:07,917 --> 00:29:12,333
- They reinsure, uh, pleasure cruises
- and I'm sure other things, but...
- 512
- 00:29:12,542 --> 00:29:16,292
- I'm actually looking for a man
- called Bonca-- Boncamper.
- 513
- 00:29:16,375 --> 00:29:17,333
- [coughs]
- 514
- 00:29:19,458 --> 00:29:20,458
- I don't know him.
- 515
- 00:29:36,333 --> 00:29:37,542
- [girl] Daddy!
- 516
- 00:29:44,625 --> 00:29:45,708
- Mr. Boncamper?
- 517
- 00:29:47,458 --> 00:29:48,458
- Yes.
- 518
- 00:29:48,708 --> 00:29:51,833
- Director of
- the United Reinsurance Group of Nevis?
- 519
- 00:29:58,083 --> 00:30:01,167
- Oh, my God, watch your sisters. Excuse me!
- 520
- 00:30:02,375 --> 00:30:03,625
- Ma'am. Excuse me, ma'am.
- 521
- 00:30:03,708 --> 00:30:06,625
- -Can you step away?
- -I am his goddamn wife. Leave me alone.
- 522
- 00:30:07,208 --> 00:30:09,625
- -Irvin.
- -Vincelle Boncamper?
- 523
- 00:30:09,708 --> 00:30:10,667
- Edith.
- 524
- 00:30:11,167 --> 00:30:14,333
- Who the hell is Vincelle?
- You people don't even know who he is.
- 525
- 00:30:14,792 --> 00:30:15,792
- Irvin?
- 526
- 00:30:17,917 --> 00:30:19,333
- Yeah. Edith?
- 527
- 00:30:21,667 --> 00:30:23,833
- Can we speak privately for a moment?
- 528
- 00:30:35,667 --> 00:30:39,000
- This woman, this is Vincelle Boncamper.
- 529
- 00:30:39,750 --> 00:30:41,917
- -Your husband's other wife.
- -What?
- 530
- 00:30:42,250 --> 00:30:45,333
- Mr. Boncamper has another family.
- They live in Nevis.
- 531
- 00:30:46,583 --> 00:30:47,958
- You motherfucker!
- 532
- 00:30:48,208 --> 00:30:51,167
- Get your hands off of me! You are dead!
- 533
- 00:30:51,583 --> 00:30:52,750
- Gimme my kids.
- 534
- 00:30:54,250 --> 00:30:56,458
- -Let's get him out of here. Let's go.
- -Dear?
- 535
- 00:31:02,792 --> 00:31:05,833
- [P.A.] Final boarding call
- for American flight 1307 to Lima,
- 536
- 00:31:05,917 --> 00:31:07,833
- now departing at gate J-5.
- 537
- 00:31:14,917 --> 00:31:15,750
- [knocking]
- 538
- 00:31:15,833 --> 00:31:17,500
- [woman] Excuse me. Mr. Mossack?
- 539
- 00:31:18,083 --> 00:31:19,125
- Yes?
- 540
- 00:31:19,208 --> 00:31:21,833
- Do you know the name
- Malchus Irvin Boncamper?
- 541
- 00:31:22,708 --> 00:31:24,125
- I'm not sure.
- 542
- 00:31:24,208 --> 00:31:25,958
- Is it a real name?
- 543
- 00:31:26,583 --> 00:31:29,458
- Yes, sir. It's a very real name.
- 544
- 00:31:30,500 --> 00:31:31,958
- How might I know it?
- 545
- 00:31:32,042 --> 00:31:33,333
- He's from Nevis.
- 546
- 00:31:33,958 --> 00:31:35,708
- It's a lovely island.
- 547
- 00:31:36,333 --> 00:31:38,667
- He was arrested
- at Miami International Airport.
- 548
- 00:31:40,542 --> 00:31:42,292
- I think he's going to go to jail.
- 549
- 00:31:43,583 --> 00:31:44,625
- I see.
- 550
- 00:31:46,042 --> 00:31:50,208
- Well, maybe you'll tell me how well
- do we know Mr. Boncamper?
- 551
- 00:31:50,292 --> 00:31:53,625
- He's director of 46 different
- Mossack Fonseca companies.
- 552
- 00:31:54,042 --> 00:31:57,417
- The Prague offices use him quite a bit.
- 553
- 00:31:58,417 --> 00:32:00,708
- Well, we will want to change that.
- 554
- 00:32:01,292 --> 00:32:02,875
- Change that now?
- 555
- 00:32:03,792 --> 00:32:06,792
- Can't really go back in time.
- He's all over the books.
- 556
- 00:32:07,417 --> 00:32:11,667
- Well, some people believe
- that time is just an illusion.
- 557
- 00:32:12,458 --> 00:32:15,333
- That all moments are the same moment.
- 558
- 00:32:16,500 --> 00:32:20,958
- I think it might be bad for us
- to do something like that.
- 559
- 00:32:22,917 --> 00:32:23,875
- Bad? [chuckles]
- 560
- 00:32:25,625 --> 00:32:26,792
- [sighs] "Bad" is...
- 561
- 00:32:27,333 --> 00:32:29,375
- It's such a big word
- 562
- 00:32:30,292 --> 00:32:32,375
- for being such a small word.
- 563
- 00:32:33,292 --> 00:32:34,583
- [man] You did-- You did what?
- 564
- 00:32:34,667 --> 00:32:40,042
- I went to the... [sighs] Clark County
- Registrar to get the name of the buyer.
- 565
- 00:32:40,125 --> 00:32:41,917
- -Yeah?
- -Yeah.
- 566
- 00:32:42,000 --> 00:32:43,667
- And I found out it's a company.
- 567
- 00:32:44,500 --> 00:32:47,083
- New Century Enterprises of Panama.
- 568
- 00:32:47,167 --> 00:32:48,667
- Wait, I thought you said it was Russia.
- 569
- 00:32:48,750 --> 00:32:50,750
- -Russians with cash.
- -No, that's what Hannah told me.
- 570
- 00:32:50,833 --> 00:32:53,208
- -Hannah who?
- -She's the realtor with the tight dresses.
- 571
- 00:32:53,292 --> 00:32:57,042
- Anyway, I looked up
- New Century Enterprises,
- 572
- 00:32:57,125 --> 00:33:00,292
- and turns out it's controlled by a trust,
- something called a trust.
- 573
- 00:33:00,375 --> 00:33:02,875
- -A trust is like a fiduciary agreement--
- -I know what a trust is.
- 574
- 00:33:02,958 --> 00:33:05,292
- -A third party can-- Okay.
- -I know what a trust is, I know--
- 575
- 00:33:05,375 --> 00:33:08,750
- So the director of both New Century
- and the trust...
- 576
- 00:33:08,833 --> 00:33:10,125
- -[sighs]
- -...is a woman.
- 577
- 00:33:10,208 --> 00:33:12,458
- A woman named Mia Beltran.
- 578
- 00:33:12,542 --> 00:33:15,583
- Mia Bel-- Okay, is that
- a name that I should know?
- 579
- 00:33:15,667 --> 00:33:19,208
- [laughing]
- Well, she is obviously very powerful.
- 580
- 00:33:19,292 --> 00:33:21,792
- She is the director of numerous companies.
- 581
- 00:33:21,875 --> 00:33:23,375
- -All her companies...
- -[sighs]
- 582
- 00:33:23,458 --> 00:33:26,125
- ...are registered
- to the same law firm,
- 583
- 00:33:26,208 --> 00:33:27,208
- in Panama.
- 584
- 00:33:27,292 --> 00:33:28,833
- Mossack and Fonseca.
- 585
- 00:33:28,917 --> 00:33:30,417
- [murmur of voices]
- 586
- 00:33:41,542 --> 00:33:43,375
- Our database shows that you are
- 587
- 00:33:43,458 --> 00:33:46,333
- the director of New Century Enterprises?
- 588
- 00:33:47,042 --> 00:33:48,542
- I am, sir, yes.
- 589
- 00:33:48,625 --> 00:33:51,625
- They have purchased multiple properties
- in Las Vegas.
- 590
- 00:33:51,708 --> 00:33:54,042
- I need these signed, immediately.
- 591
- 00:33:54,917 --> 00:33:56,667
- [woman] Moussaka Fusaka?
- 592
- 00:33:57,375 --> 00:33:58,375
- Oh, wait.
- 593
- 00:33:58,458 --> 00:34:01,375
- Is that the new goalie for the Red Wings?
- Canadian kid?
- 594
- 00:34:01,458 --> 00:34:05,875
- No, no, no. No. No.
- It's not a who. It's a law firm.
- 595
- 00:34:06,833 --> 00:34:08,792
- In Panama. Okay?
- 596
- 00:34:08,875 --> 00:34:12,792
- They even have a motto:
- "The wealth management you deserve."
- 597
- 00:34:14,083 --> 00:34:15,708
- I read that. I-- I looked it up.
- 598
- 00:34:16,167 --> 00:34:18,500
- And our readers need
- to know about them why?
- 599
- 00:34:18,583 --> 00:34:21,958
- As far as I can see,
- what they do is they set up companies.
- 600
- 00:34:22,125 --> 00:34:25,667
- Uh, not real companies
- like a hotel or a... hardware store.
- 601
- 00:34:25,750 --> 00:34:29,583
- They-- They set up, uh, what they call
- a "shell", and they sell shells.
- 602
- 00:34:30,083 --> 00:34:31,625
- Not actual shells.
- 603
- 00:34:31,708 --> 00:34:33,583
- I'm-- I'm sorry, you lost me. I--
- 604
- 00:34:34,208 --> 00:34:38,708
- [clears throat] When there's an accident,
- like the one that took Joe and Barb,
- 605
- 00:34:39,542 --> 00:34:41,792
- there's nobody
- that we can hold accountable.
- 606
- 00:34:41,875 --> 00:34:43,917
- There's nobody that we can, uh...
- 607
- 00:34:44,000 --> 00:34:47,458
- ask questions, and... and...
- and find out what happens next, you know?
- 608
- 00:34:48,000 --> 00:34:49,042
- It's just, uh...
- 609
- 00:34:50,208 --> 00:34:51,333
- just empty shells.
- 610
- 00:34:51,708 --> 00:34:55,125
- You see? It's just empty.
- It's just shells.
- 611
- 00:34:55,208 --> 00:34:57,208
- That's the story? Empty shells?
- 612
- 00:34:57,292 --> 00:34:59,250
- Oh, no, no, the story is somebody died!
- 613
- 00:34:59,333 --> 00:35:02,500
- And somebody's making money from it,
- maybe lots of people.
- 614
- 00:35:03,833 --> 00:35:04,875
- Right?
- 615
- 00:35:05,833 --> 00:35:09,917
- That's why we brought it to you.
- Somebody has to sound the alarm.
- 616
- 00:35:10,625 --> 00:35:13,583
- W-- We like to focus on stories
- that are closer to home.
- 617
- 00:35:14,792 --> 00:35:17,167
- Where did you say
- this company is located again?
- 618
- 00:35:19,125 --> 00:35:20,208
- Panama.
- 619
- 00:35:20,792 --> 00:35:21,958
- Like the hat.
- 620
- 00:35:29,417 --> 00:35:31,833
- [speaking Spanish]
- Jesus Christ, fix the goddamn roads. Fuck.
- 621
- 00:35:31,917 --> 00:35:34,667
- Is it the road or bus
- that has to be fixed?
- 622
- 00:35:34,750 --> 00:35:35,792
- Both.
- 623
- 00:35:42,583 --> 00:35:43,583
- [sighing]
- 624
- 00:35:45,708 --> 00:35:47,708
- [door creaking open]
- 625
- 00:35:48,250 --> 00:35:50,208
- Seems like we're not going anywhere.
- 626
- 00:35:50,750 --> 00:35:51,708
- You can get off.
- 627
- 00:35:53,542 --> 00:35:54,375
- Let's go.
- 628
- 00:35:54,583 --> 00:35:56,333
- [passengers grumbling]
- 629
- 00:36:11,708 --> 00:36:12,625
- [rattling]
- 630
- 00:36:16,417 --> 00:36:18,292
- [crackling]
- 631
- 00:36:22,542 --> 00:36:24,125
- [people yelling in Spanish]
- 632
- 00:36:24,417 --> 00:36:27,458
- She was the director of 25,000 companies.
- 633
- 00:36:27,958 --> 00:36:29,958
- -Mia Beltran.
- -[Mossack] Scheiße.
- 634
- 00:36:30,375 --> 00:36:35,625
- Now we need 25,000 forms
- changing the director of these companies.
- 635
- 00:36:36,042 --> 00:36:39,000
- [woman] Mossack Fonseca.
- How may I direct your call, please?
- 636
- 00:36:39,458 --> 00:36:40,625
- Oh, hello.
- 637
- 00:36:40,708 --> 00:36:43,083
- Yes, I would like
- to speak with Mr. Mossack, please.
- 638
- 00:36:43,167 --> 00:36:44,917
- -Spanish.
- -Por favor.
- 639
- 00:36:45,958 --> 00:36:49,042
- No, he is in a meeting now.
- Not taking calls.
- 640
- 00:36:49,417 --> 00:36:51,375
- -He's meeting.
- -Ask for the other one.
- 641
- 00:36:51,458 --> 00:36:54,750
- Um... OK--
- May I speak with Mr. Fonseca, please?
- 642
- 00:36:55,458 --> 00:36:59,917
- He is in a meeting now too. Same meeting.
- Maybe if I take a message...
- 643
- 00:37:00,625 --> 00:37:02,083
- Uh, this is Ellen Martin.
- 644
- 00:37:02,167 --> 00:37:04,417
- I am the widow of Joe Mart--
- 645
- 00:37:04,875 --> 00:37:06,875
- -I don't know what kind of outfit...
- -[clears throat]
- 646
- 00:37:06,958 --> 00:37:10,125
- ...those men are running down there,
- with all these meetings and what have you,
- 647
- 00:37:10,208 --> 00:37:11,375
- -but I was--
- -Give me a moment.
- 648
- 00:37:11,458 --> 00:37:13,333
- Okay, you know-- Okay. Here's the message.
- 649
- 00:37:13,875 --> 00:37:16,333
- Congratulations, Elena.
- You've been promoted.
- 650
- 00:37:16,417 --> 00:37:17,667
- -... pain and suffering...
- -What?
- 651
- 00:37:17,750 --> 00:37:18,708
- -Mm-hm.
- -...they cause...
- 652
- 00:37:18,792 --> 00:37:21,083
- -Oh, my God. I am so sorry, I have to go.
- -...in Michigan...
- 653
- 00:37:21,167 --> 00:37:22,083
- -Hello?
- -[chuckles]
- 654
- 00:37:22,667 --> 00:37:24,250
- Wow.
- 655
- 00:37:25,167 --> 00:37:27,542
- -I told you. I told you.
- -[Melanie] What?
- 656
- 00:37:27,833 --> 00:37:29,375
- -They hang up on you.
- -Hello?
- 657
- 00:37:30,708 --> 00:37:32,250
- -They hang up on you.
- -[sighs]
- 658
- 00:37:32,917 --> 00:37:34,792
- Okay, let's try again.
- 659
- 00:37:37,958 --> 00:37:39,500
- Here are some forms.
- 660
- 00:37:39,583 --> 00:37:42,500
- You just sign on the line.
- Your name. Understand?
- 661
- 00:37:43,333 --> 00:37:44,917
- No... No entiendo.
- 662
- 00:37:45,000 --> 00:37:47,042
- Sign with your name. Here. That's all.
- 663
- 00:37:47,125 --> 00:37:48,708
- -All of them?
- -Yes, all of them.
- 664
- 00:37:48,792 --> 00:37:50,875
- But what--
- I don't know what it is I'm signing.
- 665
- 00:37:50,958 --> 00:37:52,625
- They're just some forms.
- 666
- 00:37:52,708 --> 00:37:53,833
- Just, on each one.
- 667
- 00:37:53,917 --> 00:37:54,958
- Oh, okay.
- 668
- 00:37:55,042 --> 00:37:56,625
- -Thank you.
- -Okay.
- 669
- 00:37:57,083 --> 00:37:58,167
- [clears throat]
- 670
- 00:38:10,958 --> 00:38:15,667
- So how did I end up here in Panama?
- 671
- 00:38:16,167 --> 00:38:18,875
- I don't look Latin to you.
- 672
- 00:38:18,958 --> 00:38:22,125
- Not like my... my partner, Ramón.
- 673
- 00:38:22,958 --> 00:38:26,125
- Well, like many Germans,
- my father, Erhard,
- 674
- 00:38:26,208 --> 00:38:29,333
- moved us here after the Second World War.
- 675
- 00:38:29,917 --> 00:38:32,458
- Er, why? Ah, you may ask.
- 676
- 00:38:33,250 --> 00:38:36,292
- My, uh, my father taught me the...
- 677
- 00:38:37,000 --> 00:38:40,125
- the value of, uh, privacy
- from an early age.
- 678
- 00:38:41,375 --> 00:38:44,083
- I was... I was a good student.
- 679
- 00:38:44,167 --> 00:38:47,750
- I went to law school,
- got a job working in a large firm.
- 680
- 00:38:48,333 --> 00:38:49,542
- I excelled.
- 681
- 00:38:49,792 --> 00:38:52,208
- But very soon,
- I felt like all the other sheep,
- 682
- 00:38:52,333 --> 00:38:55,875
- uh, every day obediently going to work
- 683
- 00:38:56,417 --> 00:38:58,458
- and never leaving a mark.
- 684
- 00:38:59,333 --> 00:39:01,833
- So I started, uh my own firm.
- 685
- 00:39:02,250 --> 00:39:06,667
- And, uh, one day, I-- I--
- I met a very impressive attorney
- 686
- 00:39:06,750 --> 00:39:11,500
- who had recently left the employ
- of the United Nations.
- 687
- 00:39:12,417 --> 00:39:14,958
- [speaking Spanish]
- 688
- 00:39:16,000 --> 00:39:20,583
- because the Lord hath anointed me
- to preach good tidings unto the meek.
- 689
- 00:39:21,208 --> 00:39:25,708
- He hath sent me
- to bind up the brokenhearted,
- 690
- 00:39:26,167 --> 00:39:29,167
- to proclaim liberty to the captives,
- 691
- 00:39:29,875 --> 00:39:32,708
- and the opening of the prison to them
- that are bound.
- 692
- 00:39:33,458 --> 00:39:36,417
- Isaiah sixty-one: one.
- 693
- 00:39:38,750 --> 00:39:42,792
- Father Hector Gallego
- said that to me when I was, ah, 16.
- 694
- 00:39:45,583 --> 00:39:49,750
- The theology of liberation
- is what the Catholics called it.
- 695
- 00:39:51,250 --> 00:39:52,333
- The meek.
- 696
- 00:39:52,625 --> 00:39:54,667
- They were supposed to inherit the earth.
- 697
- 00:39:56,375 --> 00:39:58,708
- Doesn't seem it worked out that way to me.
- 698
- 00:40:00,333 --> 00:40:04,333
- Father Gallego, up there,
- was kidnapped and killed by the army
- 699
- 00:40:04,875 --> 00:40:06,750
- for causing problems in Panama.
- 700
- 00:40:08,583 --> 00:40:09,583
- He's gone.
- 701
- 00:40:10,750 --> 00:40:11,917
- But the meek,
- 702
- 00:40:13,708 --> 00:40:14,875
- they're still around.
- 703
- 00:40:21,333 --> 00:40:23,833
- So I went to law school instead.
- 704
- 00:40:24,667 --> 00:40:27,750
- I thought, uh, maybe the meek needed
- a better lawyer.
- 705
- 00:40:28,250 --> 00:40:32,625
- Now, in 1972,
- I went to work for the United Nations.
- 706
- 00:40:32,958 --> 00:40:35,042
- I wanted to save the world.
- 707
- 00:40:35,792 --> 00:40:37,083
- Saving the world,
- 708
- 00:40:37,167 --> 00:40:40,292
- as it turns out, is very hard, you know?
- 709
- 00:40:40,667 --> 00:40:45,708
- Long hours, bad pay, and perhaps
- the world does not want to be saved.
- 710
- 00:40:45,792 --> 00:40:48,458
- Inside all of us,
- there are packs of wolves,
- 711
- 00:40:48,542 --> 00:40:51,375
- some flocks of sheep
- roaming through our thoughts.
- 712
- 00:40:51,458 --> 00:40:54,333
- We want to be fair,
- and yet, we want to win.
- 713
- 00:40:54,708 --> 00:40:58,000
- We want to be righteous,
- but we want to get ahead.
- 714
- 00:40:58,083 --> 00:41:00,167
- -Such is our struggle.
- -[animal bleating]
- 715
- 00:41:00,250 --> 00:41:02,542
- Uh, at some point, you decide
- 716
- 00:41:03,292 --> 00:41:05,500
- it might just be easier to save yourself.
- 717
- 00:41:06,250 --> 00:41:09,792
- So, I became a lawyer for the not-so-meek.
- 718
- 00:41:10,042 --> 00:41:13,167
- And that's about the time
- I met Jürgen Mossack.
- 719
- 00:41:16,000 --> 00:41:19,125
- From our humble beginnings,
- 720
- 00:41:19,833 --> 00:41:24,208
- Mossack Fonseca grew to have offices
- in over 50 countries,
- 721
- 00:41:25,167 --> 00:41:31,208
- servicing over 240,000 offshore companies,
- 722
- 00:41:31,625 --> 00:41:33,917
- foundations, and trusts.
- 723
- 00:41:34,000 --> 00:41:37,208
- Located in places like
- the British Virgin Islands,
- 724
- 00:41:37,292 --> 00:41:42,000
- the Bahamas, Cyprus, Samoa, Nui, Nevada.
- 725
- 00:41:42,417 --> 00:41:47,875
- Uh, places that are-- are not blessed with
- natural resources or industry.
- 726
- 00:41:47,958 --> 00:41:50,417
- So, what do all of those companies do?
- 727
- 00:41:50,500 --> 00:41:53,667
- Most of the time, we don't even know.
- 728
- 00:41:55,250 --> 00:41:56,250
- [knock at door]
- 729
- 00:41:56,542 --> 00:41:58,333
- Excuse me. Mr. Mossack?
- 730
- 00:41:58,625 --> 00:41:59,500
- Yes?
- 731
- 00:41:59,583 --> 00:42:04,292
- There is a... There is a company
- that we set up in Costa Rica.
- 732
- 00:42:04,667 --> 00:42:06,583
- -Are you familiar?
- -[sighs]
- 733
- 00:42:06,750 --> 00:42:09,833
- It owns a number of assets, real estate.
- 734
- 00:42:10,208 --> 00:42:11,333
- Mm. And?
- 735
- 00:42:11,625 --> 00:42:14,417
- Uh, so, yeah, the government of Costa Rica
- 736
- 00:42:14,500 --> 00:42:19,333
- wants to take back one of the homes
- for their Olympic team or...
- 737
- 00:42:19,625 --> 00:42:23,167
- Has the, uh, beneficial owner
- instructed us to do so?
- 738
- 00:42:23,333 --> 00:42:26,125
- Yeah, the beneficial owner
- is a Mexican man.
- 739
- 00:42:27,500 --> 00:42:29,542
- They say he is in jail.
- 740
- 00:42:30,625 --> 00:42:31,625
- [gasps] Aah!
- 741
- 00:42:32,375 --> 00:42:35,125
- [UB40] ♪ Red, red wine ♪
- 742
- 00:42:37,958 --> 00:42:40,708
- -♪ Goes to my head ♪
- -You know, Neil Diamond wrote this.
- 743
- 00:42:40,792 --> 00:42:41,667
- [glass clinking]
- 744
- 00:42:41,750 --> 00:42:42,750
- -Yeah.
- -Seriously?
- 745
- 00:42:42,833 --> 00:42:44,458
- -Yeah.
- -When?
- 746
- 00:42:45,417 --> 00:42:48,417
- I don't know.
- Would've been sometime before this.
- 747
- 00:42:49,208 --> 00:42:50,917
- This doesn't sound like Neil Diamond.
- 748
- 00:42:51,000 --> 00:42:53,250
- I know. It's his mastery of...
- 749
- 00:42:53,708 --> 00:42:56,583
- ♪ Red, red wine ♪
- 750
- 00:42:56,667 --> 00:42:58,167
- ...different styles of music.
- 751
- 00:42:58,458 --> 00:43:00,292
- -He can pull off everything.
- -Huh!
- 752
- 00:43:00,375 --> 00:43:01,667
- -Neil Diamond.
- -Yeah.
- 753
- 00:43:01,750 --> 00:43:03,042
- I never woulda guessed that.
- 754
- 00:43:04,333 --> 00:43:05,875
- Hey, you wanna get outta here?
- 755
- 00:43:05,958 --> 00:43:08,375
- Uh, yeah, I just wanna hit el baño first.
- 756
- 00:43:09,167 --> 00:43:11,208
- -Do I tip him?
- -Uh...
- 757
- 00:43:11,375 --> 00:43:13,000
- -Yeah.
- -Yeah. Okay.
- 758
- 00:43:15,292 --> 00:43:16,417
- [knocking]
- 759
- 00:43:21,375 --> 00:43:23,167
- ♪ Life is fine ♪
- 760
- 00:43:24,125 --> 00:43:25,917
- ♪ Every time ♪
- 761
- 00:43:28,625 --> 00:43:33,000
- Oh, uh, sorry, amigos.
- Ju-- Lookin' for el baño?
- 762
- 00:43:37,875 --> 00:43:39,958
- [Mossack] Oh! Pablo Escobar is like a...
- 763
- 00:43:40,792 --> 00:43:44,333
- child nursing at his mother's tit
- compared to this man.
- 764
- 00:43:44,417 --> 00:43:47,333
- I don't want to be one of those people
- he visits when he gets out of jail.
- 765
- 00:43:47,417 --> 00:43:50,083
- May-- Maybe it's better
- if he keeps his house!
- 766
- 00:43:50,167 --> 00:43:51,708
- -Keeps his house and--
- -Oh, no, I mean...
- 767
- 00:43:51,792 --> 00:43:53,417
- What? Wh-- Wh-- What?
- 768
- 00:43:53,500 --> 00:43:56,833
- You-- You think we know everyone
- we created a company for?
- 769
- 00:43:57,375 --> 00:43:58,625
- Huh? [panting]
- 770
- 00:43:58,708 --> 00:44:01,542
- Did we happen to mention
- we are in this for the money?
- 771
- 00:44:01,625 --> 00:44:02,625
- -Mm.
- -Yeah.
- 772
- 00:44:02,708 --> 00:44:05,083
- Are some of our clients criminals?
- 773
- 00:44:05,167 --> 00:44:10,542
- Or drug lords,
- uh, sex traffickers, gun runners,
- 774
- 00:44:10,625 --> 00:44:12,792
- uh, destroyers of the planet?
- 775
- 00:44:12,875 --> 00:44:15,542
- [Fonseca] No, like I said,
- we would prefer not to know.
- 776
- 00:44:15,625 --> 00:44:17,292
- -Mm-hm.
- -[sighs] And remember,
- 777
- 00:44:18,083 --> 00:44:20,208
- before we created a company for them,
- 778
- 00:44:20,583 --> 00:44:22,708
- a lawyer sent them to us.
- 779
- 00:44:22,792 --> 00:44:27,375
- Yeah, and before that, a--
- a banker sent them to the lawyer!
- 780
- 00:44:29,167 --> 00:44:32,958
- [Fonseca] To be fair, many of our clients
- are upstanding citizens.
- 781
- 00:44:33,750 --> 00:44:35,917
- [Mossack] This man, Charles, for example.
- 782
- 00:44:36,500 --> 00:44:40,500
- He is a legitimate business man
- with a loving family.
- 783
- 00:44:40,708 --> 00:44:42,875
- [Fonseca] His daughter
- is graduating from university,
- 784
- 00:44:42,958 --> 00:44:45,750
- and we helped him create a trust for her.
- 785
- 00:44:45,958 --> 00:44:50,333
- [Mossack] Shouldn't Charles have access
- to all the financial instruments available
- 786
- 00:44:50,417 --> 00:44:52,583
- to help him and his loved ones?
- 787
- 00:44:52,667 --> 00:44:55,042
- [Fonseca] He would never dream
- of breaking the law.
- 788
- 00:44:55,125 --> 00:44:57,125
- We really don't see a problem here.
- 789
- 00:44:57,500 --> 00:44:59,833
- [Mossack]
- The only thing Charles is guilty of
- 790
- 00:44:59,917 --> 00:45:02,917
- is taking good care of his wife
- and his daughter.
- 791
- 00:45:03,208 --> 00:45:05,542
- But you never see that in the headline.
- 792
- 00:45:17,958 --> 00:45:19,625
- ♪ And I ain't paid my rent this month ♪
- 793
- 00:45:19,708 --> 00:45:21,000
- ♪ I owe that ♪
- 794
- 00:45:21,542 --> 00:45:23,625
- ♪ But fuck who you want
- And fuck who you like ♪
- 795
- 00:45:23,708 --> 00:45:25,500
- ♪ Dance all ya life
- There's no end in sight ♪
- 796
- 00:45:25,625 --> 00:45:27,833
- ♪ Twinkle, twinkle, little star ♪
- 797
- 00:45:28,625 --> 00:45:30,708
- ♪ Now everybody, let me hear you say
- Ray, ray, ray ♪
- 798
- 00:45:30,792 --> 00:45:32,667
- ♪ And spend all your money
- 'Cause today payday ♪
- 799
- 00:45:32,750 --> 00:45:34,583
- ♪ And if you a G, you a G-G-G ♪
- 800
- 00:45:34,667 --> 00:45:36,458
- ♪ My name is Onika
- You can call me Nicki ♪
- 801
- 00:45:36,542 --> 00:45:38,417
- ♪ Get on the floor, floor ♪
- 802
- 00:45:38,500 --> 00:45:40,250
- ♪ Like it's your last chance ♪
- 803
- 00:45:40,333 --> 00:45:42,500
- ♪ If you want more, more ♪
- 804
- 00:45:42,625 --> 00:45:44,333
- ♪ Then here I am ♪
- 805
- 00:45:45,292 --> 00:45:49,042
- ♪ Starships are meant to fly ♪
- 806
- 00:45:49,125 --> 00:45:52,667
- ♪ Hands up and touch the sky ♪
- 807
- 00:45:53,583 --> 00:45:54,833
- [chuckles]
- 808
- 00:45:55,333 --> 00:45:56,958
- How do you like your headphones?
- 809
- 00:45:57,125 --> 00:45:59,250
- -What?
- -Don't drop those in the water.
- 810
- 00:45:59,333 --> 00:46:00,500
- They're not waterproof?
- 811
- 00:46:00,792 --> 00:46:01,792
- They're gold.
- 812
- 00:46:02,208 --> 00:46:03,375
- Is gold waterproof?
- 813
- 00:46:03,833 --> 00:46:04,667
- [laughs]
- 814
- 00:46:08,375 --> 00:46:09,708
- What are you listening to?
- 815
- 00:46:10,042 --> 00:46:10,875
- A song.
- 816
- 00:46:11,667 --> 00:46:14,167
- What kind of music do you like?
- Play me somethin'.
- 817
- 00:46:18,625 --> 00:46:20,625
- [jazz plays]
- 818
- 00:46:22,500 --> 00:46:24,125
- -Hm-hm!
- -[laughs]
- 819
- 00:46:24,500 --> 00:46:27,708
- -Mmm!
- -Ooh!
- 820
- 00:46:29,000 --> 00:46:30,167
- -Oh!
- -Mm!
- 821
- 00:46:31,500 --> 00:46:34,583
- -Mm!
- -♪ Love for sale ♪
- 822
- 00:46:34,792 --> 00:46:37,000
- You don't know about this type of music.
- [chuckles]
- 823
- 00:46:38,708 --> 00:46:40,708
- [loud hip-hop playing from speakers]
- 824
- 00:46:44,083 --> 00:46:45,375
- Hey, it's Astrid.
- 825
- 00:46:45,458 --> 00:46:47,667
- Can't get to the phone
- 'cause I'm having fun.
- 826
- 00:46:47,750 --> 00:46:49,208
- Leave me a message. Bye.
- 827
- 00:46:49,292 --> 00:46:50,875
- -[beep]
- -Oh, hey, hey, As!
- 828
- 00:46:50,958 --> 00:46:55,708
- So, I decided to skip class
- 'cause you know we are graduating!
- 829
- 00:46:56,292 --> 00:46:58,792
- Anyway, I just stopped by
- my parents' house before my mom gets in,
- 830
- 00:46:58,875 --> 00:47:00,750
- so call me, babe.
- 831
- 00:47:00,833 --> 00:47:01,917
- Okay, bye. Bye.
- 832
- 00:47:19,625 --> 00:47:21,917
- [sports commentary on TV]
- 833
- 00:47:22,000 --> 00:47:22,917
- Astrid?
- 834
- 00:47:24,375 --> 00:47:27,000
- ♪ Old love, new love ♪
- 835
- 00:47:27,083 --> 00:47:30,833
- ♪ Every love but true love ♪
- 836
- 00:47:31,375 --> 00:47:32,917
- [laughter]
- 837
- 00:47:34,833 --> 00:47:38,500
- -♪ Every kind of love for sale ♪
- -[grunting]
- 838
- 00:47:40,250 --> 00:47:42,667
- What the actual fuck?
- 839
- 00:47:43,000 --> 00:47:45,458
- -[chuckles]
- -Be careful, huh?
- 840
- 00:47:46,333 --> 00:47:50,833
- ♪ Love for sale ♪
- 841
- 00:47:51,333 --> 00:47:52,292
- [grunts]
- 842
- 00:47:55,958 --> 00:47:57,500
- [sobbing]
- 843
- 00:47:57,583 --> 00:47:59,542
- I-- I'm sure you have questions for me.
- 844
- 00:48:00,500 --> 00:48:02,083
- -Simone.
- -My roommate?
- 845
- 00:48:02,458 --> 00:48:04,083
- I didn't mean for this to happen.
- 846
- 00:48:04,167 --> 00:48:06,042
- You fucking creep.
- Yeah, I bet Mum didn't either.
- 847
- 00:48:06,125 --> 00:48:07,917
- I'd like to speak to your mother
- before you do.
- 848
- 00:48:08,000 --> 00:48:11,083
- -I think that's best for everyone.
- -Yeah, 'cause you're the expert on that.
- 849
- 00:48:11,167 --> 00:48:12,333
- On what's best.
- 850
- 00:48:12,417 --> 00:48:15,458
- Why can't we agree
- that I will speak to her before you do?
- 851
- 00:48:16,083 --> 00:48:19,042
- [sobs] Why don't you go and stay
- in my dorm room with Astrid
- 852
- 00:48:19,125 --> 00:48:21,125
- and get the hell away from me?
- 853
- 00:48:26,667 --> 00:48:28,333
- -[man] Bruno Mars is here.
- -[woman] What?
- 854
- 00:48:28,417 --> 00:48:30,333
- -No way, seriously?
- -[man] So...
- 855
- 00:48:30,417 --> 00:48:32,833
- Just head into the house,
- through those doors,
- 856
- 00:48:32,917 --> 00:48:34,625
- -to the back yard.
- -Thank you.
- 857
- 00:48:34,708 --> 00:48:36,917
- -Thank you so much.
- -All right, welcome.
- 858
- 00:48:37,542 --> 00:48:39,000
- Straight to the back yard.
- 859
- 00:48:39,083 --> 00:48:40,500
- I was not expecting this.
- 860
- 00:48:40,833 --> 00:48:42,208
- Guys, you have no idea.
- 861
- 00:48:42,333 --> 00:48:44,542
- -Right?
- -Yeah, I'm just dying to meet him.
- 862
- 00:48:45,542 --> 00:48:47,875
- -Hey, where are you going?
- -I'm going back to Africa.
- 863
- 00:48:47,958 --> 00:48:51,208
- Okay, Marcus Garvey, slow down.
- You're not doing that.
- 864
- 00:48:51,292 --> 00:48:52,292
- Yes, I am.
- 865
- 00:48:53,417 --> 00:48:55,667
- Your mother's been looking forward to this
- for a long time.
- 866
- 00:48:55,792 --> 00:48:56,708
- Has she?
- 867
- 00:48:57,167 --> 00:49:00,917
- How long has she been looking forward to
- learning you've been banging my roommate?
- 868
- 00:49:01,542 --> 00:49:04,458
- Her whole life, I bet.
- It's like a dream come true.
- 869
- 00:49:05,917 --> 00:49:08,167
- -I'll meet her at the airport.
- -Okay, stop.
- 870
- 00:49:09,250 --> 00:49:10,500
- Not another word.
- 871
- 00:49:20,125 --> 00:49:22,792
- You graduate this weekend
- from an American university.
- 872
- 00:49:23,792 --> 00:49:26,417
- How many children from our country
- get to come here?
- 873
- 00:49:27,292 --> 00:49:31,583
- You take your summers in Ibiza.
- And Croatia and Monaco, not in a factory.
- 874
- 00:49:32,250 --> 00:49:34,542
- You have a $100,000 car in the driveway.
- 875
- 00:49:34,625 --> 00:49:36,500
- You have a job waiting for you
- in Cape Town,
- 876
- 00:49:36,583 --> 00:49:38,708
- or in Paris,
- or wherever you want it to be.
- 877
- 00:49:38,792 --> 00:49:42,458
- Your life, your whole world up
- until this moment,
- 878
- 00:49:42,708 --> 00:49:44,375
- was more or less perfect.
- 879
- 00:49:45,292 --> 00:49:47,458
- Except for the time
- we had to put down your horse
- 880
- 00:49:47,542 --> 00:49:49,375
- when it fell jumping over a steeple.
- 881
- 00:49:51,458 --> 00:49:53,000
- This is adulthood.
- 882
- 00:49:53,875 --> 00:49:54,792
- Welcome.
- 883
- 00:49:56,208 --> 00:49:58,750
- It's filled with disappointments
- and negotiations.
- 884
- 00:50:01,208 --> 00:50:02,583
- I cannot change the past.
- 885
- 00:50:04,250 --> 00:50:07,000
- But I am happy to negotiate with you
- about the future.
- 886
- 00:50:08,333 --> 00:50:09,417
- What does that mean?
- 887
- 00:50:11,417 --> 00:50:12,417
- How much?
- 888
- 00:50:12,500 --> 00:50:13,750
- Excuse me?
- 889
- 00:50:14,375 --> 00:50:16,750
- How much money do you want
- to go to the party
- 890
- 00:50:16,833 --> 00:50:18,875
- and not tell your mother about Astrid?
- 891
- 00:50:18,958 --> 00:50:20,167
- [scoffs] You're kidding.
- 892
- 00:50:20,333 --> 00:50:22,583
- -[sniffles]
- -Am I? How much?
- 893
- 00:50:23,500 --> 00:50:25,792
- You go to the party,
- you don't tell your mother,
- 894
- 00:50:25,875 --> 00:50:27,208
- and I continue to see Astrid.
- 895
- 00:50:27,292 --> 00:50:30,000
- -[laughs]
- -I'm getting her an apartment in New York.
- 896
- 00:50:30,083 --> 00:50:31,750
- -This is so fucked up.
- -No.
- 897
- 00:50:31,833 --> 00:50:33,458
- This is how problems are solved.
- 898
- 00:50:33,833 --> 00:50:36,917
- What's fucked up
- is your inability to see that.
- 899
- 00:50:37,750 --> 00:50:38,750
- How much?
- 900
- 00:50:42,625 --> 00:50:43,833
- I wanna talk to a lawyer.
- 901
- 00:50:44,208 --> 00:50:47,667
- Great. Mine's on his way over now.
- We can both talk to him.
- 902
- 00:50:49,375 --> 00:50:52,667
- First of all, congratulations, Simone.
- Graduation.
- 903
- 00:50:52,750 --> 00:50:53,958
- Fuck you, Jeff.
- 904
- 00:50:56,375 --> 00:51:00,500
- Simone has announced today
- that she wants to "ruin me".
- 905
- 00:51:00,958 --> 00:51:02,875
- Well, as the family lawyer,
- 906
- 00:51:02,958 --> 00:51:04,875
- I would like to see matters settled
- 907
- 00:51:04,958 --> 00:51:06,917
- in a way
- that is to everyone's satisfaction.
- 908
- 00:51:07,000 --> 00:51:09,292
- -I know your father feels the same way.
- -I do.
- 909
- 00:51:09,375 --> 00:51:12,167
- Yeah, now, your dad has already
- opened up a trust in your name,
- 910
- 00:51:12,250 --> 00:51:13,542
- so to keep things simple,
- 911
- 00:51:14,042 --> 00:51:17,333
- this is a further assignment of assets
- to that trust.
- 912
- 00:51:17,417 --> 00:51:19,208
- A graduation present of sorts.
- 913
- 00:51:20,000 --> 00:51:21,375
- In addition to the party.
- 914
- 00:51:22,208 --> 00:51:24,208
- -Does that make sense to you?
- -[phone alert]
- 915
- 00:51:26,833 --> 00:51:27,667
- Hm.
- 916
- 00:51:27,750 --> 00:51:29,208
- Mum's plane's gonna be early.
- 917
- 00:51:30,208 --> 00:51:32,833
- Maybe I should go and get her
- and we can discuss this all together
- 918
- 00:51:32,917 --> 00:51:34,792
- like one big, happy family.
- 919
- 00:51:35,417 --> 00:51:36,792
- There's a company I own.
- 920
- 00:51:39,375 --> 00:51:41,292
- Whitecloud Enterprises.
- 921
- 00:51:41,917 --> 00:51:43,500
- I would like to give it to you.
- 922
- 00:51:44,667 --> 00:51:47,167
- Jeff, tell her what it's worth.
- 923
- 00:51:47,583 --> 00:51:50,292
- Whitecloud is worth
- almost 20 million dollars.
- 924
- 00:51:50,667 --> 00:51:53,417
- There's a bank account at HSBC in Geneva.
- 925
- 00:51:54,458 --> 00:51:57,042
- [Charles] Happy graduation. It's yours.
- 926
- 00:51:59,958 --> 00:52:01,333
- [chuckles] Mine?
- 927
- 00:52:02,500 --> 00:52:04,917
- There's probably a board of directors
- or something.
- 928
- 00:52:05,000 --> 00:52:07,208
- Whitecloud is controlled by bearer shares.
- 929
- 00:52:09,667 --> 00:52:12,083
- Look, my degree is in ethnic identity.
- 930
- 00:52:12,833 --> 00:52:16,208
- [Charles] Okay.
- So, bearer shares are pieces of paper
- 931
- 00:52:17,292 --> 00:52:19,958
- that entitle the holder of that paper
- 932
- 00:52:21,208 --> 00:52:23,667
- to complete control over the company.
- 933
- 00:52:25,500 --> 00:52:26,833
- You would own the company.
- 934
- 00:52:27,417 --> 00:52:29,417
- Its money is your money,
- 935
- 00:52:29,500 --> 00:52:32,083
- as long as you hold the shares.
- 936
- 00:52:33,292 --> 00:52:34,958
- Right now, I own it.
- 937
- 00:52:38,750 --> 00:52:40,542
- -Now Jeff owns it.
- -Thank you.
- 938
- 00:52:41,708 --> 00:52:43,958
- If he gives it to you, you would own it.
- 939
- 00:52:44,375 --> 00:52:45,375
- That simple?
- 940
- 00:52:48,458 --> 00:52:49,500
- Twenty million?
- 941
- 00:52:50,125 --> 00:52:53,125
- [Jeff] There's no other paperwork that has
- to be done. I'll handle everything.
- 942
- 00:52:53,208 --> 00:52:56,417
- [chuckles] Just don't lose them.
- Put 'em someplace safe.
- 943
- 00:52:59,458 --> 00:53:02,875
- You get them after the party.
- After your mother gets back on a plane.
- 944
- 00:53:35,958 --> 00:53:37,208
- Good trip, my star?
- 945
- 00:53:38,208 --> 00:53:40,667
- So where's the guest of honor?
- She's been texting.
- 946
- 00:53:40,875 --> 00:53:43,000
- Really? Anything in particular?
- 947
- 00:53:43,417 --> 00:53:44,250
- No.
- 948
- 00:53:44,708 --> 00:53:45,708
- She's in her room.
- 949
- 00:53:46,625 --> 00:53:48,750
- A little anxious about the day's events.
- 950
- 00:53:49,208 --> 00:53:52,000
- I prefer the other one better.
- The Versace.
- 951
- 00:53:52,375 --> 00:53:53,792
- It brings out your eyes.
- 952
- 00:53:53,875 --> 00:53:55,750
- This one brings out things
- that make me wonder
- 953
- 00:53:55,833 --> 00:53:58,083
- why you bothered going to university
- in the first place.
- 954
- 00:53:58,792 --> 00:54:00,625
- Look, I like this one better.
- 955
- 00:54:00,792 --> 00:54:03,167
- [sighs] I'm not sure
- how your father would feel
- 956
- 00:54:03,250 --> 00:54:05,625
- about something so revealing
- on a young woman.
- 957
- 00:54:06,708 --> 00:54:10,417
- What is Astrid planning on wearing?
- She has a good sense of style, I think.
- 958
- 00:54:10,500 --> 00:54:12,125
- I don't know what she's wearing.
- 959
- 00:54:12,208 --> 00:54:13,583
- Is she bringing a date?
- 960
- 00:54:13,667 --> 00:54:15,875
- The young man we met in St. Barts
- over the holidays?
- 961
- 00:54:15,958 --> 00:54:17,375
- I forget his name, the Italian boy.
- 962
- 00:54:17,458 --> 00:54:18,875
- Look, she's not coming.
- 963
- 00:54:18,958 --> 00:54:20,667
- Oh, my God, she must hate me.
- 964
- 00:54:21,583 --> 00:54:22,583
- [Charles sighs]
- 965
- 00:54:22,667 --> 00:54:25,458
- It was a shock to her system.
- But it's been handled.
- 966
- 00:54:26,375 --> 00:54:30,208
- I don't want you to worry about it.
- I don't want you to worry about anything.
- 967
- 00:54:31,792 --> 00:54:33,250
- So we're still goin', right?
- 968
- 00:54:33,333 --> 00:54:34,667
- -[knock at door]
- -[mother] Charles?
- 969
- 00:54:34,750 --> 00:54:36,375
- May I have a word with you?
- 970
- 00:54:36,458 --> 00:54:38,125
- I'll pick you up after the party.
- 971
- 00:54:38,583 --> 00:54:40,250
- You're going to love New York.
- 972
- 00:54:40,625 --> 00:54:41,625
- I'll be ready.
- 973
- 00:54:42,333 --> 00:54:43,333
- Come.
- 974
- 00:54:47,292 --> 00:54:49,708
- Do you know what happened
- with Simone and Astrid?
- 975
- 00:54:50,542 --> 00:54:51,542
- Something happened?
- 976
- 00:54:51,833 --> 00:54:54,083
- I hear Astrid is not coming to the party.
- 977
- 00:54:54,250 --> 00:54:55,750
- Well, you know young girls.
- 978
- 00:54:55,833 --> 00:54:58,333
- They can always be counted on
- not to be counted on.
- 979
- 00:54:58,417 --> 00:55:01,167
- They do everything together,
- thick as thieves, and now this?
- 980
- 00:55:01,250 --> 00:55:02,500
- Have you spoken to her?
- 981
- 00:55:03,167 --> 00:55:06,417
- Intermittently throughout the day.
- Has she said anything to you?
- 982
- 00:55:07,375 --> 00:55:08,583
- Very little to me.
- 983
- 00:55:10,000 --> 00:55:12,958
- [sighs] It's probably about a boy.
- It usually is.
- 984
- 00:55:13,167 --> 00:55:15,000
- [chuckles] Have you seen the yard?
- 985
- 00:55:16,000 --> 00:55:18,583
- It's looking marvelous.
- 986
- 00:55:18,667 --> 00:55:20,250
- [both laugh]
- 987
- 00:55:23,792 --> 00:55:24,833
- [mother] Astrid?
- 988
- 00:55:25,833 --> 00:55:27,250
- -Uh...
- -It's Miranda.
- 989
- 00:55:27,333 --> 00:55:28,167
- Hi! [chuckles]
- 990
- 00:55:28,250 --> 00:55:31,000
- I wasn't expecting to hear from you.
- 991
- 00:55:31,083 --> 00:55:35,417
- Look, I'm not sure what sort of nonsense
- has gone on here, but it doesn't matter.
- 992
- 00:55:35,500 --> 00:55:38,333
- You are part of our family,
- part of Simone's life
- 993
- 00:55:38,417 --> 00:55:42,167
- and this is a moment we are all going to
- celebrate together, period.
- 994
- 00:55:42,792 --> 00:55:44,708
- There is so much love here,
- 995
- 00:55:44,792 --> 00:55:48,458
- regardless of whatever little injustices
- we have visited upon each other,
- 996
- 00:55:48,542 --> 00:55:50,250
- so you are expected to attend.
- 997
- 00:55:50,750 --> 00:55:53,333
- Do not ever let a man
- destroy your sisterhood.
- 998
- 00:55:54,125 --> 00:55:55,542
- Do you have a dress to wear?
- 999
- 00:55:56,167 --> 00:55:57,750
- Uh... Uh, no.
- 1000
- 00:55:58,375 --> 00:56:00,792
- Then you get yourself down
- to your favorite store
- 1001
- 00:56:00,875 --> 00:56:04,250
- and buy a dress that says to the world,
- "I did it."
- 1002
- 00:56:05,125 --> 00:56:07,875
- That is my graduation present to you.
- I will send a car.
- 1003
- 00:56:08,875 --> 00:56:10,042
- You sure it's cool?
- 1004
- 00:56:10,458 --> 00:56:14,125
- It is not merely cool,
- it is paramount that you attend.
- 1005
- 00:56:14,458 --> 00:56:16,417
- Just don't tell Simone you're coming,
- 1006
- 00:56:16,500 --> 00:56:19,583
- I want to give her the gift
- of her best friend for graduation.
- 1007
- 00:56:20,292 --> 00:56:22,125
- You're amazing.
- 1008
- 00:56:22,333 --> 00:56:25,125
- And just so you know, I don't see this
- as a permanent thing, right?
- 1009
- 00:56:25,208 --> 00:56:26,542
- It's just fun for now.
- 1010
- 00:56:26,625 --> 00:56:29,000
- Okay, wonderful. Bye-bye.
- 1011
- 00:56:34,542 --> 00:56:36,208
- Take it off, it's too much.
- 1012
- 00:56:36,292 --> 00:56:38,417
- -Coming from you.
- -Coming from your father.
- 1013
- 00:56:38,500 --> 00:56:39,708
- Suck my dick.
- 1014
- 00:56:40,667 --> 00:56:42,292
- Grow up. Now.
- 1015
- 00:56:43,208 --> 00:56:44,625
- You're a very wealthy girl.
- 1016
- 00:56:44,750 --> 00:56:46,167
- Where are my bearer shares?
- 1017
- 00:56:46,875 --> 00:56:48,125
- I'm so out of here.
- 1018
- 00:56:48,208 --> 00:56:50,333
- They're in the safe in my office.
- 1019
- 00:56:50,833 --> 00:56:52,500
- After the party,
- 1020
- 00:56:53,125 --> 00:56:54,500
- once I'm in a car,
- 1021
- 00:56:54,958 --> 00:56:56,917
- I will text you the combination.
- 1022
- 00:56:57,667 --> 00:56:59,083
- And if they're not in there?
- 1023
- 00:56:59,958 --> 00:57:01,500
- Then I'm not a man of my word.
- 1024
- 00:57:02,208 --> 00:57:07,083
- And you will no doubt tell your mother,
- and chaos will reign upon the land.
- 1025
- 00:57:08,958 --> 00:57:10,917
- Are you gonna tell her? Ever?
- 1026
- 00:57:12,208 --> 00:57:13,042
- No.
- 1027
- 00:57:14,708 --> 00:57:17,458
- I'm going to protect her
- from what would cause her pain.
- 1028
- 00:57:18,917 --> 00:57:21,042
- Because I failed to do that the last time.
- 1029
- 00:57:22,375 --> 00:57:23,375
- What?
- 1030
- 00:57:23,917 --> 00:57:25,667
- She has her own bearer shares.
- 1031
- 00:57:27,000 --> 00:57:28,125
- She's taken care of.
- 1032
- 00:57:29,083 --> 00:57:31,375
- She could leave if she wants,
- but she stays.
- 1033
- 00:57:32,625 --> 00:57:35,000
- Why do you think that is?
- 1034
- 00:57:50,250 --> 00:57:51,292
- Hello?
- 1035
- 00:57:54,083 --> 00:57:55,083
- Hello?
- 1036
- 00:57:58,083 --> 00:57:59,083
- Hello?
- 1037
- 00:58:03,208 --> 00:58:05,250
- -[sighs]
- -Are you fucking kidding me?
- 1038
- 00:58:05,875 --> 00:58:08,667
- You have the audacity
- to come back into my house?
- 1039
- 00:58:09,292 --> 00:58:11,042
- -You fucking whore!
- -[screams]
- 1040
- 00:58:11,125 --> 00:58:13,208
- What in the Lord's name
- is wrong with you, girl?
- 1041
- 00:58:13,292 --> 00:58:15,917
- -She's a fucking slut!
- -Is that how you were brought up?
- 1042
- 00:58:16,000 --> 00:58:18,125
- -To raise your hand against a friend?
- -Tell her.
- 1043
- 00:58:18,208 --> 00:58:20,208
- -Tell her what you did!
- -No matter what she has done,
- 1044
- 00:58:20,292 --> 00:58:22,333
- it cannot possibly warrant this treatment.
- 1045
- 00:58:22,417 --> 00:58:25,042
- You apologize right now, Simone,
- or I am going to get your father,
- 1046
- 00:58:25,125 --> 00:58:26,458
- and he will not be so lenient.
- 1047
- 00:58:26,542 --> 00:58:28,250
- -Mum, she--
- -You want your father involved?
- 1048
- 00:58:28,333 --> 00:58:31,042
- -Say it, girl. Say you're sorry.
- -She doesn't have to.
- 1049
- 00:58:31,375 --> 00:58:32,750
- It's me who should apologize.
- 1050
- 00:58:32,833 --> 00:58:33,875
- Don't be silly.
- 1051
- 00:58:34,083 --> 00:58:36,375
- Over the New Year's, in St. Barts.
- 1052
- 00:58:37,417 --> 00:58:39,667
- I knew he was watchin' me
- when I took my clothes off.
- 1053
- 00:58:39,750 --> 00:58:41,625
- I knew he'd follow me into the water.
- 1054
- 00:58:42,167 --> 00:58:43,625
- The-- The Italian boy?
- 1055
- 00:58:44,208 --> 00:58:45,208
- Charles.
- 1056
- 00:58:45,833 --> 00:58:48,167
- I knew when I gave him
- my hotel key, he'd come.
- 1057
- 00:58:49,167 --> 00:58:51,958
- He had his foot in between my legs
- under the table at dinner.
- 1058
- 00:58:52,375 --> 00:58:55,333
- I thought it would be fun, I didn't
- think it would blow up the way it did.
- 1059
- 00:58:55,417 --> 00:58:56,833
- I'm sorry. I'm sorry, Simone.
- 1060
- 00:59:03,125 --> 00:59:04,083
- Fuck.
- 1061
- 00:59:07,083 --> 00:59:08,167
- Fuck!
- 1062
- 00:59:16,167 --> 00:59:18,333
- Mm. These certainly are the bearer shares.
- 1063
- 00:59:18,542 --> 00:59:21,292
- -Mm? You own them, you hold them.
- -[Miranda] Mm-hm.
- 1064
- 00:59:22,417 --> 00:59:25,083
- Uh, I was told that they're worth
- 20 million dollars.
- 1065
- 00:59:26,333 --> 00:59:28,958
- Well, well, uh...
- looking at the bank statements
- 1066
- 00:59:29,042 --> 00:59:30,917
- you requested from our directors,
- 1067
- 00:59:31,000 --> 00:59:32,875
- Whitecloud Enterprises, uh...
- 1068
- 00:59:33,417 --> 00:59:37,250
- uh, was indeed
- worth 20 million US dollars.
- 1069
- 00:59:37,333 --> 00:59:38,208
- Was?
- 1070
- 00:59:38,708 --> 00:59:41,375
- Well, as you can see for yourself, here...
- 1071
- 00:59:41,458 --> 00:59:48,250
- as of last week, they appear to be worth
- a little less than $37.
- 1072
- 00:59:48,625 --> 00:59:51,292
- [laughs] What?
- 1073
- 00:59:55,333 --> 00:59:57,625
- Uh... How is that possible?
- It's my company.
- 1074
- 00:59:57,708 --> 00:59:58,875
- Who moved the money?
- 1075
- 00:59:58,958 --> 01:00:01,583
- [Elena] It's true that
- you hold the bearer shares
- 1076
- 01:00:01,667 --> 01:00:04,375
- for Whitecloud Enterprises
- of the Seychelles, but...
- 1077
- 01:00:05,000 --> 01:00:07,542
- Whitecloud itself
- is controlled by a trust:
- 1078
- 01:00:08,125 --> 01:00:10,083
- Jetstream Trust of Cyprus.
- 1079
- 01:00:10,458 --> 01:00:11,583
- What does that mean?
- 1080
- 01:00:11,708 --> 01:00:16,792
- So, Jetstream administers to Whitecloud
- along with a lot of other companies.
- 1081
- 01:00:16,875 --> 01:00:18,625
- And, um... what about these?
- 1082
- 01:00:20,750 --> 01:00:23,833
- These are Nimbus Holdings
- of the Seychelles.
- 1083
- 01:00:24,417 --> 01:00:28,625
- Yeah, also controlled
- and held by Jetstream Trust.
- 1084
- 01:00:29,208 --> 01:00:33,208
- Yeah, the bank says that
- Nimbus is now worth,
- 1085
- 01:00:33,625 --> 01:00:34,917
- uh, $100.
- 1086
- 01:00:35,000 --> 01:00:37,625
- Again, these are recent transactions.
- 1087
- 01:00:37,708 --> 01:00:39,708
- How the hell does he get away with this?
- 1088
- 01:00:40,167 --> 01:00:42,583
- Look, where the fuck is my money?
- 1089
- 01:00:43,000 --> 01:00:46,292
- [sighs] Well, if you want more information
- on your father's financial activities,
- 1090
- 01:00:46,375 --> 01:00:49,292
- I'm afraid I will have to direct you
- toward his bank.
- 1091
- 01:00:49,500 --> 01:00:51,083
- You have to tell us something.
- 1092
- 01:00:51,583 --> 01:00:53,958
- Actually, I'm not obliged
- to tell you anything.
- 1093
- 01:00:54,250 --> 01:00:56,958
- That... That is the letter of the law.
- 1094
- 01:00:59,542 --> 01:01:00,542
- Good day.
- 1095
- 01:01:05,208 --> 01:01:09,208
- I am truly sorry for your trouble.
- 1096
- 01:01:09,958 --> 01:01:11,625
- I really, really am.
- 1097
- 01:01:11,708 --> 01:01:14,917
- The world is just men
- hiding behind piles of paper.
- 1098
- 01:01:15,125 --> 01:01:17,083
- Well, fuck him.
- 1099
- 01:01:19,625 --> 01:01:21,375
- -I'm so sorry.
- -Ohh.
- 1100
- 01:01:21,458 --> 01:01:22,833
- -I'm so sorry.
- -Don't worry.
- 1101
- 01:01:22,917 --> 01:01:24,167
- -Thank you.
- -Don't worry.-
- 1102
- 01:01:24,667 --> 01:01:25,833
- I clean it up.
- 1103
- 01:01:28,167 --> 01:01:29,292
- I clean it up.
- 1104
- 01:01:29,875 --> 01:01:34,000
- More than anything else,
- our clients expect, uh, one thing from us.
- 1105
- 01:01:34,875 --> 01:01:35,833
- Privacy.
- 1106
- 01:01:35,917 --> 01:01:38,333
- Now, privacy and secrecy
- are two different things.
- 1107
- 01:01:38,417 --> 01:01:41,958
- Privacy is locking the bathroom door
- when you want to take a pee.
- 1108
- 01:01:42,208 --> 01:01:44,542
- Secrecy, on the other hand,
- is locking the door
- 1109
- 01:01:44,625 --> 01:01:48,792
- because what you are doing in a bathroom
- is not what people usually do.
- 1110
- 01:01:49,208 --> 01:01:52,750
- And sometimes,
- after privacy has had a few drinks,
- 1111
- 01:01:53,042 --> 01:01:56,167
- it might decide it wants
- to spend the night with secrecy
- 1112
- 01:01:56,250 --> 01:01:58,750
- just to explore the relationship.
- 1113
- 01:01:58,958 --> 01:02:03,667
- But where can they be together without
- people peeking in through the curtains?
- 1114
- 01:02:03,792 --> 01:02:05,750
- Well, usually, in an offshore company.
- 1115
- 01:02:05,833 --> 01:02:09,208
- That way, someone looks in a window,
- they see an empty room.
- 1116
- 01:02:09,333 --> 01:02:13,708
- And the window and the room
- could be in two different places.
- 1117
- 01:02:13,792 --> 01:02:16,167
- Yeah, the window could be
- in the British Virgin Islands
- 1118
- 01:02:16,250 --> 01:02:18,250
- and the room could be in, uh--
- 1119
- 01:02:18,333 --> 01:02:20,292
- China. It goes all the way to China.
- 1120
- 01:02:21,250 --> 01:02:24,125
- Mel, I found it on the Internet.
- They had the whole story.
- 1121
- 01:02:24,208 --> 01:02:26,917
- Mom, I think you're spending
- too much time obsessing on this.
- 1122
- 01:02:27,000 --> 01:02:29,458
- Politicians are doing it.
- It's not just criminals.
- 1123
- 01:02:29,583 --> 01:02:31,792
- Bribery, corruption, money laundering.
- 1124
- 01:02:31,875 --> 01:02:34,167
- Millions and millions
- and millions of dollars.
- 1125
- 01:02:34,250 --> 01:02:38,500
- And they're tryin' to hide the whole thing
- through this company called Russell Prop--
- 1126
- 01:02:39,208 --> 01:02:40,583
- Yes, Russell Properties.
- 1127
- 01:02:48,958 --> 01:02:50,958
- [dissonant piano chords]
- 1128
- 01:02:57,875 --> 01:03:01,542
- [Mossack] So here is another story
- Ellen Martin wants to blame on us.
- 1129
- 01:03:02,000 --> 01:03:06,458
- [Fonseca] This man, Mister Maywood,
- he is about to make a big mistake.
- 1130
- 01:03:07,042 --> 01:03:10,875
- [Mossack] Actually, everyone in this story
- makes a big mistake.
- 1131
- 01:03:11,375 --> 01:03:14,042
- [Fonseca] But Russell Properties
- was not the problem here.
- 1132
- 01:03:14,125 --> 01:03:15,542
- The problem was greed.
- 1133
- 01:03:16,000 --> 01:03:18,833
- [Mossack] God passed a law against greed,
- 1134
- 01:03:19,583 --> 01:03:22,333
- but that didn't stop people
- from breaking it.
- 1135
- 01:03:22,583 --> 01:03:25,500
- [Fonseca] And still Ellen Martin thinks
- we are responsible
- 1136
- 01:03:25,583 --> 01:03:28,208
- for this man knocking on the door
- of this hotel room.
- 1137
- 01:03:35,333 --> 01:03:38,458
- I remember you prefer whiskey,
- no ice, correct?
- 1138
- 01:03:39,000 --> 01:03:39,917
- [man] Indeed.
- 1139
- 01:03:42,417 --> 01:03:46,708
- I trust business has been as good
- for you as it has been for us here?
- 1140
- 01:03:47,833 --> 01:03:51,208
- Last year, China became the largest
- exporting country on the planet,
- 1141
- 01:03:51,958 --> 01:03:53,125
- replacing Germany.
- 1142
- 01:03:54,833 --> 01:03:55,792
- Mm.
- 1143
- 01:03:56,208 --> 01:03:59,292
- And you also became the largest
- automotive market in the world.
- 1144
- 01:04:00,250 --> 01:04:01,083
- Hats off.
- 1145
- 01:04:01,917 --> 01:04:05,875
- Every year, we get buried
- under more regulations.
- 1146
- 01:04:05,958 --> 01:04:09,167
- You... You get buried under more dosh.
- 1147
- 01:04:10,417 --> 01:04:14,042
- My husband is very impressed
- with your understanding of the world.
- 1148
- 01:04:14,417 --> 01:04:19,000
- He says people like you are why
- the British controlled China for so long.
- 1149
- 01:04:19,083 --> 01:04:21,208
- [chuckles] I'll take that as a compliment.
- 1150
- 01:04:21,292 --> 01:04:24,458
- Well, you should.
- My husband's a brilliant man.
- 1151
- 01:04:24,542 --> 01:04:27,333
- He will likely ascend from his position
- on the Politburo
- 1152
- 01:04:27,417 --> 01:04:29,750
- to become the leader
- of all of China one day.
- 1153
- 01:04:30,958 --> 01:04:35,167
- Now it's time to rinse and repeat.
- 1154
- 01:04:36,833 --> 01:04:38,667
- To Russell Properties
- of the Virgin Islands.
- 1155
- 01:04:38,750 --> 01:04:39,708
- [glasses clink]
- 1156
- 01:04:40,958 --> 01:04:42,875
- What shall we call the next one, darling?
- 1157
- 01:04:44,208 --> 01:04:46,250
- You get me the money,
- you can name the entity.
- 1158
- 01:04:46,375 --> 01:04:48,583
- The deal with Xu Ming was very simple.
- 1159
- 01:04:48,667 --> 01:04:51,375
- He wanted a plastics factory
- here in Chongqing
- 1160
- 01:04:51,458 --> 01:04:53,875
- and was willing
- to pay for the opportunity.
- 1161
- 01:04:54,083 --> 01:04:56,042
- We wanted a home on the Riviera.
- 1162
- 01:04:56,125 --> 01:04:59,250
- My husband was able to help Xu
- with the factory.
- 1163
- 01:04:59,333 --> 01:05:01,458
- You were helpful with the home in France.
- 1164
- 01:05:02,250 --> 01:05:05,542
- You understand the intricacies
- of such arrangements,
- 1165
- 01:05:05,625 --> 01:05:08,125
- these shell companies, as they are called.
- 1166
- 01:05:08,208 --> 01:05:09,583
- They are so very useful.
- 1167
- 01:05:09,833 --> 01:05:13,958
- For people in our position,
- it can be a fatal illness,
- 1168
- 01:05:14,083 --> 01:05:15,708
- this accumulation of money.
- 1169
- 01:05:15,917 --> 01:05:17,792
- I'm nothing more than a white glove,
- as you say.
- 1170
- 01:05:17,875 --> 01:05:19,417
- -Ohh...
- -Yes, I am.
- 1171
- 01:05:19,833 --> 01:05:21,792
- A way to keep your hands
- from getting dirty.
- 1172
- 01:05:21,875 --> 01:05:25,542
- [tuts] There are many
- white gloves in China now.
- 1173
- 01:05:25,625 --> 01:05:27,667
- You, Mr. Maywood...
- 1174
- 01:05:28,500 --> 01:05:29,875
- you're more than that.
- 1175
- 01:05:30,500 --> 01:05:32,708
- Your initiative is inspiring.
- 1176
- 01:05:34,667 --> 01:05:37,375
- For Communists,
- you seem to catch on very quickly.
- 1177
- 01:05:44,042 --> 01:05:45,625
- You never answered my question.
- 1178
- 01:05:46,208 --> 01:05:47,750
- What question is that?
- 1179
- 01:05:49,917 --> 01:05:51,375
- Are we moving ahead?
- 1180
- 01:05:52,875 --> 01:05:57,292
- Or does this bribe you took from Xu
- for this damn plastics factory
- 1181
- 01:05:58,208 --> 01:06:00,208
- become common knowledge to all of China?
- 1182
- 01:06:01,042 --> 01:06:03,583
- I don't think I have a choice now, do I?
- 1183
- 01:06:03,667 --> 01:06:05,875
- You are forcing us to commit a crime.
- 1184
- 01:06:09,500 --> 01:06:11,833
- I'm surprised by the appearance
- of such virtue.
- 1185
- 01:06:14,125 --> 01:06:16,958
- Did you come by that on
- your last holiday to France?
- 1186
- 01:06:19,125 --> 01:06:21,833
- I'm just asking you to do again,
- 1187
- 01:06:22,792 --> 01:06:24,083
- what you did before.
- 1188
- 01:06:26,708 --> 01:06:28,625
- Two hundred million US dollars.
- 1189
- 01:06:30,792 --> 01:06:33,333
- It's not an opportunity
- I can just let slide, love.
- 1190
- 01:06:33,917 --> 01:06:38,167
- Xi Jinping has made it clear that
- corruption will no longer be tolerated.
- 1191
- 01:06:38,250 --> 01:06:41,208
- Are you familiar with Wang Lijun,
- the chief of police?
- 1192
- 01:06:41,292 --> 01:06:43,542
- I try to know
- as few policemen as possible.
- 1193
- 01:06:44,125 --> 01:06:48,708
- Let me tell you a story,
- so you can fully understand my concerns.
- 1194
- 01:06:50,917 --> 01:06:53,375
- Make sure our guest has a drink
- for this story.
- 1195
- 01:06:58,500 --> 01:07:01,000
- You are perhaps familiar
- 1196
- 01:07:01,083 --> 01:07:03,875
- with the so-called spiritual practice
- of Falun Gong.
- 1197
- 01:07:04,500 --> 01:07:07,875
- It was labeled as an enemy of the state
- 1198
- 01:07:07,958 --> 01:07:09,917
- for advocating superstition
- 1199
- 01:07:10,000 --> 01:07:12,375
- and jeopardizing social stability.
- 1200
- 01:07:13,167 --> 01:07:18,042
- Police Chief Wang decided to help
- rid the country of such threats.
- 1201
- 01:07:27,417 --> 01:07:31,042
- He became feared throughout the land
- for the techniques he employed.
- 1202
- 01:07:41,833 --> 01:07:44,333
- He would say that
- the organs were harvested
- 1203
- 01:07:44,417 --> 01:07:46,375
- only after the prisoners were dead.
- 1204
- 01:07:47,667 --> 01:07:50,292
- But the Falun Gong were expendable.
- 1205
- 01:07:50,500 --> 01:07:55,417
- And a heart can bring
- $180,000 on the open market,
- 1206
- 01:07:55,542 --> 01:07:57,625
- depending on the blood type.
- 1207
- 01:07:58,542 --> 01:08:02,500
- A cornea from a young person
- is perhaps $3,000.
- 1208
- 01:08:02,958 --> 01:08:08,542
- A kidney can bring as much as
- $60,000, if it is not too old.
- 1209
- 01:08:25,083 --> 01:08:26,292
- [sighs]
- 1210
- 01:08:32,375 --> 01:08:33,542
- [groans]
- 1211
- 01:08:35,375 --> 01:08:38,000
- Really charming story. Thanks for sharing.
- 1212
- 01:08:39,042 --> 01:08:41,000
- Maybe you should lie down for a moment.
- 1213
- 01:08:41,125 --> 01:08:42,417
- I'm all right.
- 1214
- 01:08:43,333 --> 01:08:44,208
- [sighs]
- 1215
- 01:08:44,292 --> 01:08:45,792
- So, we are moving ahead?
- 1216
- 01:08:45,875 --> 01:08:47,417
- Yes, move ahead.
- 1217
- 01:08:48,042 --> 01:08:50,792
- I'll get the bank to reach out
- to Mossack Fonseca in Panama
- 1218
- 01:08:50,875 --> 01:08:52,750
- and have them set up a new company.
- 1219
- 01:08:53,042 --> 01:08:55,125
- -In the Virgin Islands.
- -Yes.
- 1220
- 01:08:55,208 --> 01:08:58,375
- And you will promise not to make
- any more threats to expose us.
- 1221
- 01:08:59,917 --> 01:09:01,958
- Why would I expose my trusted partners?
- 1222
- 01:09:02,542 --> 01:09:05,375
- What can I get you? Aspirin? Water?
- 1223
- 01:09:05,667 --> 01:09:06,792
- Water's fine.
- 1224
- 01:09:08,292 --> 01:09:12,333
- So, if we are partners,
- will you do something for me?
- 1225
- 01:09:12,417 --> 01:09:13,250
- Sure.
- 1226
- 01:09:13,333 --> 01:09:16,375
- I need to know that
- there are no others who can hurt me,
- 1227
- 01:09:16,458 --> 01:09:19,542
- who can expose us,
- or I'm always vulnerable.
- 1228
- 01:09:21,292 --> 01:09:23,167
- I need you to divorce your wife.
- 1229
- 01:09:25,083 --> 01:09:29,708
- I need you to do that
- and prove your loyalty to me and Bo Xilai.
- 1230
- 01:09:30,875 --> 01:09:32,125
- Will you do that for me?
- 1231
- 01:09:33,958 --> 01:09:36,042
- -You're fuckin' crazy.
- -[chuckles]
- 1232
- 01:09:36,125 --> 01:09:38,083
- -Divorce my wife?
- -Yes.
- 1233
- 01:09:40,500 --> 01:09:41,667
- Mm-mm.
- 1234
- 01:09:42,292 --> 01:09:44,125
- [sighs] No, I'm not doing that.
- 1235
- 01:09:45,208 --> 01:09:46,958
- You're just gonna have to trust me.
- 1236
- 01:09:50,125 --> 01:09:51,375
- Thank you.
- 1237
- 01:10:00,458 --> 01:10:01,625
- Ah, some more, please.
- 1238
- 01:10:05,500 --> 01:10:07,750
- [woman] I remember you love Mahjong.
- 1239
- 01:10:08,417 --> 01:10:13,083
- I was thinking we could play a friendly
- game and celebrate our new arrangement.
- 1240
- 01:10:15,542 --> 01:10:17,000
- Maybe we let you sleep.
- 1241
- 01:10:18,875 --> 01:10:20,458
- -[groans]
- -And then we can play.
- 1242
- 01:10:22,417 --> 01:10:24,625
- Oh, thank you. [breathes heavily]
- 1243
- 01:10:46,750 --> 01:10:48,292
- How much longer do we have to wait?
- 1244
- 01:11:11,167 --> 01:11:12,042
- [grunts]
- 1245
- 01:11:12,208 --> 01:11:13,250
- [moans]
- 1246
- 01:11:39,083 --> 01:11:40,458
- [moaning on TV]
- 1247
- 01:11:58,708 --> 01:11:59,708
- So...
- 1248
- 01:12:01,625 --> 01:12:02,917
- What brings you here today?
- 1249
- 01:12:04,708 --> 01:12:06,375
- Just what I said on the phone.
- 1250
- 01:12:07,375 --> 01:12:12,000
- This man Maywood has taken our son hostage
- at his home in London.
- 1251
- 01:12:12,083 --> 01:12:14,375
- He tried to force us
- into a compromising position
- 1252
- 01:12:14,458 --> 01:12:16,542
- with various offshore schemes.
- 1253
- 01:12:19,625 --> 01:12:21,542
- And did you call the authorities?
- 1254
- 01:12:23,542 --> 01:12:27,417
- He would have spread stories
- about me and Bo.
- 1255
- 01:12:27,500 --> 01:12:28,917
- I have no doubt about that.
- 1256
- 01:12:30,125 --> 01:12:32,708
- This would have made things
- even worse for us.
- 1257
- 01:12:35,167 --> 01:12:37,208
- So I did what was needed.
- 1258
- 01:12:39,208 --> 01:12:40,250
- Meaning what?
- 1259
- 01:12:45,708 --> 01:12:48,750
- In the glasses he drank from,
- you will find the residue of rat poison.
- 1260
- 01:12:48,833 --> 01:12:51,292
- Cyanide stops the heart.
- 1261
- 01:12:52,458 --> 01:12:58,750
- Along with other things in the room...
- you'll understand everything very quickly.
- 1262
- 01:13:04,667 --> 01:13:07,542
- Everyone sleeps better at night
- when corruption has been vanquished.
- 1263
- 01:13:27,792 --> 01:13:30,333
- That was Gu Kailai on November 14th.
- 1264
- 01:13:39,375 --> 01:13:45,208
- We will continue to weed out corruption
- at every level, no matter how high.
- 1265
- 01:13:45,708 --> 01:13:49,167
- There is no place in government
- for those who are weak
- 1266
- 01:13:50,250 --> 01:13:54,708
- in the face of temptation.
- 1267
- 01:13:55,167 --> 01:13:59,833
- On this, Xi Jinping and I agree.
- 1268
- 01:14:01,292 --> 01:14:03,250
- We must all look in the mirror
- 1269
- 01:14:03,333 --> 01:14:06,042
- and hold ourselves
- to the highest standard,
- 1270
- 01:14:10,375 --> 01:14:14,125
- as history will not be kind
- to those who have stolen from the people.
- 1271
- 01:14:20,833 --> 01:14:22,000
- We need to get out of here.
- 1272
- 01:14:22,083 --> 01:14:23,042
- To France.
- 1273
- 01:14:28,500 --> 01:14:31,375
- Gu Kailai,
- you are being arrested for murder.
- 1274
- 01:14:31,958 --> 01:14:33,000
- Whatever I've done,
- 1275
- 01:14:33,083 --> 01:14:35,333
- I've done to defend the honor
- of my country and my husband.
- 1276
- 01:14:35,417 --> 01:14:38,375
- Bo Xilai, you are under arrest
- 1277
- 01:14:38,458 --> 01:14:42,083
- for the crimes of bribery,
- embezzlement, and abuse of power.
- 1278
- 01:14:42,167 --> 01:14:44,667
- What's going on?
- You've got the wrong person.
- 1279
- 01:14:45,000 --> 01:14:47,625
- It's a mistake, a mistake.
- 1280
- 01:14:48,083 --> 01:14:49,917
- [Fonseca] So, how is this our fault?
- 1281
- 01:14:50,000 --> 01:14:52,958
- [Mossack] Did we tell Bo Xilai
- and his wife, Madame Gu,
- 1282
- 01:14:53,042 --> 01:14:55,833
- to accept the bribe
- for the plastics factory?
- 1283
- 01:14:55,917 --> 01:14:56,792
- [Fonseca] No.
- 1284
- 01:14:56,875 --> 01:14:59,750
- [Mossack] Did we tell Mister Maywood
- to launder that money
- 1285
- 01:14:59,833 --> 01:15:03,250
- by purchasing them a mansion
- in the south of France?
- 1286
- 01:15:03,333 --> 01:15:04,292
- [Fonseca] No!
- 1287
- 01:15:04,375 --> 01:15:08,375
- [Mossack] And we most certainly did not
- tell Mister Maywood to try and force
- 1288
- 01:15:08,458 --> 01:15:12,583
- Bo and Madame Gu to launder
- still more money
- 1289
- 01:15:12,667 --> 01:15:17,000
- by accepting more bribes
- and starting more entities.
- 1290
- 01:15:17,750 --> 01:15:19,958
- [Mossack]
- So where did these ideas come from?
- 1291
- 01:15:20,542 --> 01:15:23,917
- Where most ideas about money come from.
- 1292
- 01:15:24,333 --> 01:15:27,333
- The United States of America.
- 1293
- 01:15:27,583 --> 01:15:29,458
- In the late-19th century,
- 1294
- 01:15:29,542 --> 01:15:33,542
- the state of Delaware realized
- it could not attract business
- 1295
- 01:15:33,625 --> 01:15:36,042
- the same way New York and New Jersey do.
- 1296
- 01:15:36,208 --> 01:15:39,792
- So Delaware began writing
- corporate-friendly tax laws,
- 1297
- 01:15:39,875 --> 01:15:42,250
- hoping to lure more business.
- 1298
- 01:15:42,333 --> 01:15:43,375
- And it worked.
- 1299
- 01:15:43,458 --> 01:15:46,625
- 1209 North Orange Street
- in Wilmington, Delaware
- 1300
- 01:15:46,708 --> 01:15:51,000
- is home to 285,000 companies
- 1301
- 01:15:51,333 --> 01:15:54,875
- and none of them are paying state taxes.
- 1302
- 01:15:54,958 --> 01:15:55,875
- [chuckling]
- 1303
- 01:15:56,500 --> 01:15:59,500
- The director of this movie has five.
- 1304
- 01:16:00,042 --> 01:16:02,708
- -Even-- Even our writer has one.
- -[laughs]
- 1305
- 01:16:02,833 --> 01:16:04,875
- But if Delaware could do it,
- 1306
- 01:16:04,958 --> 01:16:07,875
- why couldn't, uh,
- Switzerland or Luxembourg,
- 1307
- 01:16:07,958 --> 01:16:10,792
- and, uh, Hong Kong
- and the British Virgin Islands?
- 1308
- 01:16:10,875 --> 01:16:13,500
- You are probably wondering, is this legal?
- 1309
- 01:16:14,375 --> 01:16:15,208
- Hm?
- 1310
- 01:16:16,083 --> 01:16:19,958
- Yes. This is called tax avoidance.
- 1311
- 01:16:20,292 --> 01:16:23,167
- Now, tax evasion is a crime,
- 1312
- 01:16:24,083 --> 01:16:27,583
- uh, but tax avoidance,
- that's what put us in business.
- 1313
- 01:16:27,667 --> 01:16:30,625
- And the line between the two,
- we like to say,
- 1314
- 01:16:30,708 --> 01:16:33,250
- it's as thin as a jailhouse wall.
- 1315
- 01:16:33,792 --> 01:16:38,875
- Now, those very bad things
- that have happened to Ellen....
- 1316
- 01:16:39,458 --> 01:16:42,000
- First, the sinking of the boat, uh...
- 1317
- 01:16:42,208 --> 01:16:45,500
- -then losing the... the condo in Vegas.
- -Yes.
- 1318
- 01:16:45,583 --> 01:16:48,167
- It's taking a toll on her health.
- 1319
- 01:16:48,375 --> 01:16:52,583
- Her daughter says she has,
- uh, lost appetite,
- 1320
- 01:16:52,667 --> 01:16:54,583
- uh, she isn't sleeping,
- 1321
- 01:16:54,667 --> 01:16:58,292
- and the anger she is feeling
- is eating her up inside
- 1322
- 01:16:58,375 --> 01:17:01,917
- because the world is beyond her control.
- 1323
- 01:17:02,458 --> 01:17:04,958
- She can't afford to make
- campaign contributions
- 1324
- 01:17:05,042 --> 01:17:08,542
- to politicians who could change
- the laws that torment her.
- 1325
- 01:17:09,542 --> 01:17:13,875
- But instead,
- she has to come here and pray.
- 1326
- 01:17:16,125 --> 01:17:19,250
- [Ellen] Thank you, Lord, thank you.
- Thank you for everything.
- 1327
- 01:17:20,167 --> 01:17:21,292
- I hate to ask this,
- 1328
- 01:17:21,375 --> 01:17:23,333
- but I was just wondering when exactly
- 1329
- 01:17:23,417 --> 01:17:26,000
- the meek will be inheriting the Earth?
- 1330
- 01:17:26,917 --> 01:17:30,417
- Wi-- Will that be in my lifetime
- or in my grandkids'?
- 1331
- 01:17:31,125 --> 01:17:36,583
- And-- And the part about the first being
- the last and the last shall be first,
- 1332
- 01:17:36,667 --> 01:17:38,083
- when does that start?
- 1333
- 01:17:38,542 --> 01:17:39,417
- Hm?
- 1334
- 01:17:40,125 --> 01:17:43,042
- And what about the rest of us
- in the middle, you know?
- 1335
- 01:17:43,125 --> 01:17:47,833
- We're just falling further and further
- and further behind.
- 1336
- 01:17:47,917 --> 01:17:49,333
- My mother used to say,
- 1337
- 01:17:50,250 --> 01:17:52,417
- "May lightning strike 'em all
- without hitting me."
- 1338
- 01:17:52,500 --> 01:17:57,083
- Well, aren't you still in charge
- of lightning? I know. I know, I know.
- 1339
- 01:17:57,167 --> 01:17:59,708
- I'm supposed to say,
- "Forgive them, Father.
- 1340
- 01:17:59,792 --> 01:18:01,208
- They know not what they do."
- 1341
- 01:18:01,292 --> 01:18:05,875
- But I think they do know goddamn well
- what they're doing, they just don't care.
- 1342
- 01:18:07,292 --> 01:18:11,125
- Ah, just... If just one of them
- could say, "I'm sorry,"
- 1343
- 01:18:11,917 --> 01:18:13,833
- you know, and mean it.
- 1344
- 01:18:14,375 --> 01:18:16,583
- Or go to jail. [chuckles]
- 1345
- 01:18:17,208 --> 01:18:20,250
- Or both. Yeah. Hey, that would be nice.
- 1346
- 01:18:20,333 --> 01:18:21,833
- How about both?
- 1347
- 01:18:27,875 --> 01:18:29,750
- [phone vibrating]
- 1348
- 01:18:31,625 --> 01:18:33,375
- Oh... [panting]
- 1349
- 01:18:35,167 --> 01:18:36,125
- Yeah?
- 1350
- 01:18:36,417 --> 01:18:37,583
- [gasping]
- 1351
- 01:18:44,875 --> 01:18:46,875
- [phone rings]
- 1352
- 01:18:47,083 --> 01:18:49,083
- -[phone buzzes]
- -[phone chimes]
- 1353
- 01:18:49,250 --> 01:18:51,833
- [ringing and buzzing continue]
- 1354
- 01:18:58,667 --> 01:19:00,125
- -[ringing continues]
- -[grunts]
- 1355
- 01:19:18,667 --> 01:19:19,708
- [sighs]
- 1356
- 01:19:22,083 --> 01:19:24,083
- [panting]
- 1357
- 01:19:32,833 --> 01:19:36,083
- A lot of it's legal,
- but that's exactly the problem.
- 1358
- 01:19:37,125 --> 01:19:40,375
- It's not that they're breaking the laws,
- it's that the laws are so poorly designed
- 1359
- 01:19:40,458 --> 01:19:43,083
- that they allow people,
- if they've got enough lawyers
- 1360
- 01:19:43,167 --> 01:19:46,708
- and enough accountants,
- to wiggle out of responsibilities
- 1361
- 01:19:46,792 --> 01:19:50,167
- that ordinary citizens
- are having to abide by.
- 1362
- 01:19:50,250 --> 01:19:54,042
- We turn now to the banking bombshell
- causing shock waves around the world,
- 1363
- 01:19:54,125 --> 01:19:56,000
- the so-called "Panama Papers",
- 1364
- 01:19:56,083 --> 01:19:58,583
- believed to be the biggest data leak
- in history.
- 1365
- 01:19:58,667 --> 01:20:02,417
- Iceland's Prime Minster has stepped down
- after being named in the papers.
- 1366
- 01:20:02,500 --> 01:20:04,167
- Also mentioned in the files,
- the late father
- 1367
- 01:20:04,250 --> 01:20:05,875
- of British Prime Minister David Cameron.
- 1368
- 01:20:05,958 --> 01:20:08,750
- We just got in this breaking news
- from Pakistan. It's an ongoing story.
- 1369
- 01:20:08,833 --> 01:20:11,458
- Nawaz Sharif,
- the Prime Minister, has resigned.
- 1370
- 01:20:11,542 --> 01:20:13,958
- ...fish for it, or did it just appear?
- 1371
- 01:20:14,458 --> 01:20:16,875
- Uh... I got a message late one night,
- 1372
- 01:20:17,000 --> 01:20:21,250
- um, and it was from somebody
- who called himself Mr. John Doe
- 1373
- 01:20:21,625 --> 01:20:23,917
- and offered vast amounts of data.
- 1374
- 01:20:24,000 --> 01:20:27,042
- And we said yes. So I did not fish for it.
- 1375
- 01:20:27,125 --> 01:20:28,833
- It just... You know, it just...
- 1376
- 01:20:30,417 --> 01:20:32,000
- came to us like, uh, fate.
- 1377
- 01:20:33,875 --> 01:20:38,833
- [Mossack] Uh, we are in the process
- of an in-depth investigation
- 1378
- 01:20:39,000 --> 01:20:42,917
- uh, with experts who have confirmed that,
- unfortunately,
- 1379
- 01:20:43,000 --> 01:20:46,750
- we have been subject
- to an unauthorized, uh...
- 1380
- 01:20:46,833 --> 01:20:49,083
- breach in our email server.
- 1381
- 01:20:49,167 --> 01:20:52,750
- We are working
- with the help of outside consultants
- 1382
- 01:20:52,833 --> 01:20:55,792
- to determine the extent
- to which our system was accessed
- 1383
- 01:20:55,875 --> 01:20:58,417
- -by unauthorized persons.
- -Mm-hm.
- 1384
- 01:20:59,292 --> 01:21:01,750
- [clears throat]
- What do we tell our clients?
- 1385
- 01:21:03,292 --> 01:21:04,375
- Well... uh...
- 1386
- 01:21:04,875 --> 01:21:07,458
- "We... We regret again any inconvenience
- 1387
- 01:21:07,542 --> 01:21:09,833
- that this, um...
- event may have caused you,
- 1388
- 01:21:09,917 --> 01:21:14,500
- and, uh, we thank you
- for your continued trust and," uh...
- 1389
- 01:21:16,917 --> 01:21:18,708
- -Yeah.
- -Who would have done such a thing?
- 1390
- 01:21:19,208 --> 01:21:20,375
- Who is John Doe?
- 1391
- 01:21:20,458 --> 01:21:22,333
- Who, exactly?
- 1392
- 01:21:23,667 --> 01:21:26,917
- There was a lawsuit in Nevada.
- 1393
- 01:21:27,667 --> 01:21:30,208
- We were accused of obstruction of justice,
- 1394
- 01:21:30,292 --> 01:21:32,708
- -but that was never proven.
- -Never.
- 1395
- 01:21:33,250 --> 01:21:36,833
- Maybe our opponent
- stole the data to punish us.
- 1396
- 01:21:36,917 --> 01:21:39,167
- Hm. Then again, maybe...
- 1397
- 01:21:39,750 --> 01:21:43,333
- maybe it was another law firm,
- jealous of our success.
- 1398
- 01:21:43,458 --> 01:21:45,667
- -Hm.
- -Such is the nature of all business.
- 1399
- 01:21:45,750 --> 01:21:49,667
- Or maybe it was a hacker
- who found a backdoor
- 1400
- 01:21:49,750 --> 01:21:52,917
- to rob us of our reputations
- and stole our future.
- 1401
- 01:21:53,042 --> 01:21:57,292
- An emissary of the meek,
- not content to wait for their inheritance.
- 1402
- 01:21:57,375 --> 01:22:01,083
- Someone who labored under the naive
- understanding of the world around them.
- 1403
- 01:22:01,167 --> 01:22:05,375
- Who blamed us for every, uh, pothole
- and collapsing bridge,
- 1404
- 01:22:05,458 --> 01:22:09,958
- for every, uh, school without books,
- for every stomach without food.
- 1405
- 01:22:10,042 --> 01:22:12,042
- So what did John Doe say about us?
- 1406
- 01:22:13,375 --> 01:22:17,042
- "More than just a cog in
- the machine of 'wealth management',
- 1407
- 01:22:17,125 --> 01:22:20,750
- Mossack Fonseca
- used its influence to write, to--"
- 1408
- 01:22:20,917 --> 01:22:26,500
- "To... To write and bend laws worldwide
- to favor the interests of criminals!"
- 1409
- 01:22:26,583 --> 01:22:28,542
- -Now, we didn't write the laws!
- -Nah.
- 1410
- 01:22:28,625 --> 01:22:30,292
- -We just wrote contracts.
- -Yeah!
- 1411
- 01:22:30,375 --> 01:22:33,292
- And isn't John Doe the criminal here?
- The thief of privacy?
- 1412
- 01:22:33,375 --> 01:22:36,625
- Twenty-five years of hard work
- wiped out in a news cycle!
- 1413
- 01:22:36,708 --> 01:22:37,542
- Ugh.
- 1414
- 01:22:37,625 --> 01:22:41,167
- We will be closing our offices
- in, uh, Wyoming,
- 1415
- 01:22:41,250 --> 01:22:44,292
- uh, Gibraltar, and, uh, Jersey.
- 1416
- 01:22:44,625 --> 01:22:46,292
- In-- In retrospect, uh...
- 1417
- 01:22:46,417 --> 01:22:51,125
- I think we... we could have
- spent more on cyber-security.
- 1418
- 01:22:51,458 --> 01:22:53,125
- -Yeah.
- -Yeah.
- 1419
- 01:22:54,000 --> 01:22:56,917
- Fucking British Virgin Islands
- want to fine us.
- 1420
- 01:22:57,333 --> 01:23:00,458
- $440,000. A fine.
- 1421
- 01:23:00,542 --> 01:23:03,125
- They should be building
- a statue of us instead, you know?
- 1422
- 01:23:03,208 --> 01:23:06,667
- They would be a pile of sand with
- a fucking palm tree sticking out of it
- 1423
- 01:23:06,750 --> 01:23:07,792
- if not for us!
- 1424
- 01:23:08,042 --> 01:23:09,375
- I'm sorry, I shouldn't--
- 1425
- 01:23:09,500 --> 01:23:10,583
- [stammers]
- 1426
- 01:23:10,667 --> 01:23:11,750
- Uh, and Niue.
- 1427
- 01:23:11,833 --> 01:23:13,208
- -[chuckles] Niue.
- -Niue.
- 1428
- 01:23:13,292 --> 01:23:14,167
- -Niue.
- -No, uh--
- 1429
- 01:23:14,250 --> 01:23:16,417
- -Niue would be nothing without us.
- -Nothing.
- 1430
- 01:23:16,500 --> 01:23:19,167
- -[Mossack] We put Niue on the goddamn map!
- -[Fonseca] We did.
- 1431
- 01:23:19,250 --> 01:23:21,875
- There is someone on the phone
- who is asking questions
- 1432
- 01:23:21,958 --> 01:23:24,208
- about something called "Odebrecht".
- 1433
- 01:23:24,333 --> 01:23:25,792
- [panting]
- 1434
- 01:23:30,042 --> 01:23:32,042
- [men speaking Spanish]
- 1435
- 01:23:35,917 --> 01:23:38,417
- [Fonseca] Who sent you? John Doe?
- 1436
- 01:23:39,083 --> 01:23:41,167
- Are you John Doe's police force?
- 1437
- 01:23:41,250 --> 01:23:43,250
- We are here
- because President Varela believes
- 1438
- 01:23:43,333 --> 01:23:45,292
- you have knowledge
- about Odebrecht.
- 1439
- 01:23:45,625 --> 01:23:46,625
- Odebrecht?
- 1440
- 01:23:46,708 --> 01:23:49,958
- A Brazilian construction company that
- has paid out over three billion dollars
- 1441
- 01:23:50,042 --> 01:23:51,708
- in bribes to officials
- all around the world
- 1442
- 01:23:51,792 --> 01:23:55,208
- in order to secure giant contracts
- in more than a dozen countries.
- 1443
- 01:23:55,333 --> 01:23:57,833
- And-- And what does that have
- to do with my garden?
- 1444
- 01:24:01,167 --> 01:24:04,625
- There are dozens of shell companies
- your firm created for Odebrecht
- 1445
- 01:24:04,708 --> 01:24:05,958
- to launder bribes.
- 1446
- 01:24:06,500 --> 01:24:08,792
- Companies in Nevada,
- in the British Virgin Islands.
- 1447
- 01:24:08,875 --> 01:24:12,167
- No, no, no, no. We sold those companies
- to intermediaries.
- 1448
- 01:24:12,250 --> 01:24:15,708
- Uh... We-- We had no knowledge of
- what the money was used for!
- 1449
- 01:24:15,792 --> 01:24:16,667
- Mm.
- 1450
- 01:24:16,792 --> 01:24:18,083
- Why don't I believe you?
- 1451
- 01:24:18,208 --> 01:24:19,292
- Oh, I know why.
- 1452
- 01:24:19,375 --> 01:24:22,167
- Europol says nearly 3,500 individuals
- 1453
- 01:24:22,250 --> 01:24:24,417
- with companies your firm created
- 1454
- 01:24:24,500 --> 01:24:26,375
- are connected to suspected criminals.
- 1455
- 01:24:26,500 --> 01:24:27,458
- That's why.
- 1456
- 01:24:28,250 --> 01:24:29,250
- Get him out of here.
- 1457
- 01:24:29,333 --> 01:24:31,958
- So what?
- Do you want to know about Odebrecht?
- 1458
- 01:24:32,042 --> 01:24:33,833
- -That's why we're here.
- -You know what? Listen.
- 1459
- 01:24:33,917 --> 01:24:37,875
- The highway most of you took to get here
- this morning was built by Odebrecht.
- 1460
- 01:24:38,583 --> 01:24:42,500
- You know, they actually have a department
- of their company in charge of bribes.
- 1461
- 01:24:42,583 --> 01:24:43,958
- -Is that my fault?
- -[murmuring]
- 1462
- 01:24:44,042 --> 01:24:46,375
- They have paid over three billion dollars
- 1463
- 01:24:46,458 --> 01:24:48,375
- -in bribes to secure...
- -No, Ramón, that's enough.
- 1464
- 01:24:48,458 --> 01:24:50,500
- ...construction contracts
- all over the world.
- 1465
- 01:24:50,583 --> 01:24:53,875
- And I have every reason to believe that
- President Varela of Panama himself
- 1466
- 01:24:53,958 --> 01:24:56,500
- has accepted campaign contributions
- from Odebrecht!
- 1467
- 01:24:56,583 --> 01:24:58,875
- -What? Do you have proof of this?
- -No, Ramón--
- 1468
- 01:24:58,958 --> 01:25:02,292
- May I be struck down by lightning
- if I am lying.
- 1469
- 01:25:02,417 --> 01:25:04,167
- -Who's John Doe?
- -All right? No, no.
- 1470
- 01:25:04,250 --> 01:25:07,083
- President Varela has not defended Panama.
- 1471
- 01:25:07,167 --> 01:25:10,583
- We have dropped our pants
- before the international community,
- 1472
- 01:25:10,667 --> 01:25:12,750
- and they are all lining up behind us now.
- 1473
- 01:25:12,833 --> 01:25:14,292
- -Enough!
- -Who is Joe Doe?
- 1474
- 01:25:14,375 --> 01:25:17,542
- I don't-- I don't know who John Doe is!
- Fuck John Doe!
- 1475
- 01:25:21,208 --> 01:25:26,833
- I think Ramón wishes he had not said
- some of the things he said that day
- 1476
- 01:25:26,917 --> 01:25:28,583
- about our president.
- 1477
- 01:25:29,375 --> 01:25:30,250
- [sighs]
- 1478
- 01:25:30,958 --> 01:25:33,833
- These are the kinds of wishes
- that men have
- 1479
- 01:25:34,750 --> 01:25:37,000
- when they are sitting in jail.
- 1480
- 01:25:38,958 --> 01:25:40,167
- Father Gallego.
- 1481
- 01:25:40,625 --> 01:25:41,542
- [chuckles]
- 1482
- 01:25:42,083 --> 01:25:45,708
- Maybe he was a saint
- and there was no room for him on Earth,
- 1483
- 01:25:46,000 --> 01:25:48,958
- so he was, uh... moved to Heaven.
- 1484
- 01:25:50,792 --> 01:25:53,750
- Yeah, but there was plenty of room
- for Jürgen and I.
- 1485
- 01:25:54,583 --> 01:25:58,625
- Room for us to keep 215,000 secrets.
- 1486
- 01:26:00,292 --> 01:26:01,292
- What?
- 1487
- 01:26:02,042 --> 01:26:04,375
- You wanna go back to bananas?
- 1488
- 01:26:05,542 --> 01:26:07,542
- -Yeah.
- -[Fonseca chuckles]
- 1489
- 01:26:26,333 --> 01:26:28,083
- So, if we are the losers,
- 1490
- 01:26:30,000 --> 01:26:31,417
- then who are the winners?
- 1491
- 01:26:33,417 --> 01:26:34,417
- The meek?
- 1492
- 01:26:35,667 --> 01:26:37,000
- Children who need books?
- 1493
- 01:26:39,000 --> 01:26:40,625
- The poor who need homes?
- 1494
- 01:26:41,583 --> 01:26:42,625
- No.
- 1495
- 01:26:43,917 --> 01:26:45,708
- The United States.
- 1496
- 01:26:46,333 --> 01:26:49,500
- The biggest tax haven in the world.
- 1497
- 01:26:51,167 --> 01:26:52,458
- Delaware.
- 1498
- 01:26:53,583 --> 01:26:54,833
- Nevada.
- 1499
- 01:26:56,250 --> 01:26:57,417
- Wyoming.
- 1500
- 01:26:59,083 --> 01:27:01,917
- How much due diligence is happening there?
- 1501
- 01:27:03,042 --> 01:27:07,208
- Yes, there is a--
- a brand new tax law in America.
- 1502
- 01:27:08,083 --> 01:27:11,750
- And it does nothing to stop any of this.
- 1503
- 01:27:13,292 --> 01:27:14,250
- Huh.
- 1504
- 01:27:16,750 --> 01:27:19,292
- Is John Doe on his way there?
- 1505
- 01:27:25,917 --> 01:27:27,000
- [Fonseca] Well, uh...
- 1506
- 01:27:27,500 --> 01:27:29,083
- We thank you, uh...
- 1507
- 01:27:29,167 --> 01:27:32,000
- for listening to our side of the story.
- 1508
- 01:27:32,917 --> 01:27:35,125
- Mossack Fonseca... uh...
- 1509
- 01:27:36,292 --> 01:27:37,333
- is no more.
- 1510
- 01:27:37,875 --> 01:27:41,375
- But there are many other firms
- just like us.
- 1511
- 01:27:41,833 --> 01:27:45,667
- Yeah.
- Still in business all around the world.
- 1512
- 01:27:45,958 --> 01:27:49,125
- And what does John Doe
- have to say about that?
- 1513
- 01:27:49,667 --> 01:27:50,875
- Whoever that is.
- 1514
- 01:27:51,542 --> 01:27:56,125
- I do not work for any government
- or intelligence agency, I never have.
- 1515
- 01:27:57,208 --> 01:28:00,208
- My viewpoint is entirely my own,
- 1516
- 01:28:01,083 --> 01:28:04,083
- as was my decision to share the documents.
- 1517
- 01:28:04,708 --> 01:28:07,125
- I call on the European Commission
- 1518
- 01:28:07,917 --> 01:28:09,708
- and the British Parliament,
- 1519
- 01:28:10,292 --> 01:28:12,208
- the United States Congress,
- 1520
- 01:28:12,750 --> 01:28:14,458
- and all nations
- 1521
- 01:28:14,958 --> 01:28:19,333
- to put an end to massive, pervasive...
- 1522
- 01:28:19,667 --> 01:28:21,042
- [as Ellen] ...corruption!
- 1523
- 01:28:24,625 --> 01:28:25,542
- [sighs]
- 1524
- 01:28:26,333 --> 01:28:28,292
- In this system, our system,
- 1525
- 01:28:29,458 --> 01:28:31,167
- the slaves are unaware,
- 1526
- 01:28:31,250 --> 01:28:34,458
- both of their status and of their masters,
- 1527
- 01:28:34,542 --> 01:28:36,542
- who exist in a world apart
- 1528
- 01:28:36,625 --> 01:28:41,583
- and where the shackles are hidden
- amidst reams of...
- 1529
- 01:28:42,500 --> 01:28:43,917
- unreachable legalese.
- 1530
- 01:28:44,000 --> 01:28:48,292
- It is a result of massive, pervasive
- corruption of the legal profession.
- 1531
- 01:28:48,625 --> 01:28:52,500
- When it takes a whistleblower
- to sound the alarm,
- 1532
- 01:28:52,583 --> 01:28:54,667
- it is cause for even greater concern.
- 1533
- 01:28:55,708 --> 01:28:58,000
- 'Cause it signals that... [sighs]
- 1534
- 01:28:58,083 --> 01:29:01,958
- ...democracy's checks
- and balances have all failed,
- 1535
- 01:29:02,667 --> 01:29:06,125
- and that severe... [panting]
- 1536
- 01:29:06,833 --> 01:29:07,792
- [snorts]
- 1537
- 01:29:08,333 --> 01:29:11,125
- ...instability could be just...
- 1538
- 01:29:13,500 --> 01:29:14,625
- [sighs heavily]
- 1539
- 01:29:15,333 --> 01:29:17,250
- just around the corner. [sniffles]
- 1540
- 01:29:19,708 --> 01:29:22,333
- So... now...
- 1541
- 01:29:23,208 --> 01:29:24,417
- is the time...
- 1542
- 01:29:25,250 --> 01:29:26,417
- for real action.
- 1543
- 01:29:28,042 --> 01:29:30,583
- It starts with asking questions.
- 1544
- 01:29:31,375 --> 01:29:36,292
- Tax evasion cannot possibly be fixed...
- [chuckling]
- 1545
- 01:29:36,625 --> 01:29:40,000
- while elected officials
- are pleading for money
- 1546
- 01:29:40,083 --> 01:29:42,375
- from the very elites
- 1547
- 01:29:43,917 --> 01:29:46,417
- who have
- the strongest incentives to avoid taxes...
- 1548
- 01:29:47,292 --> 01:29:49,792
- relative to any other segment
- of the population.
- 1549
- 01:29:51,208 --> 01:29:52,125
- Yeah.
- 1550
- 01:29:52,208 --> 01:29:53,083
- These...
- 1551
- 01:29:54,917 --> 01:29:57,542
- political practices
- have come full circle
- 1552
- 01:29:58,000 --> 01:29:59,667
- and are irreconcilable.
- 1553
- 01:30:01,542 --> 01:30:02,542
- [sighs heavily]
- 1554
- 01:30:03,875 --> 01:30:05,042
- Reform...
- 1555
- 01:30:06,375 --> 01:30:12,542
- of America's broken campaign
- finance system cannot wait.
- 1556
- 01:30:24,625 --> 01:30:26,625
- [gentle wind blowing]
- 1557
- 01:34:22,875 --> 01:34:28,583
- Subtitle translation by
Add Comment
Please, Sign In to add comment