Walker’s Koch Brothers Part of Global Oligarch Hucksters - Documents Expose Koch Brothers Shell Company In Switzerland

By Robert Miranda, Editor: Wisconsin Spanish Journal

April 4, 2016

While the world’s news networks report on the massive leak of documents exposing the shadowy world of shell companies providing cover for wealthy and powerful billionaires, one family of particular interest to Wisconsin is being forced out of the sleazy abyss and is being illuminated along with all the other questionable business figures being exposed for hiding their money from government tax collectors.

The Koch Brothers. Financial backers of Wisconsin Governor Scott Walker and champions of libertarian views, sought after for their political funding and influence by political hacks, and recognized for their multi-billion dollar privately-owned global business empire, appear to be caught up in the line-up of corporate robber barons using shell companies to hide their wealth from the government.

https://www.icij.org/project/luxembourg-leaks

Documents show that Governor Walker’s trusted donors, the Koch Brothers, own a company called Arteva Europe, which has been revealed by the Panama Papers to own a Swiss branch, making “hundreds of millions of dollars in interest income, pays very little tax, and – mysteriously – has no staffing costs.”

https://www.icij.org/project/luxembourg-leaks/koch-industries-mysterious-internal-bank-switzerland

The Guardian has sent a reporter to find out what happens at this lucrative office.

The documents were released by a law firm in Panama which established shell companies all over the world for some of the most powerful billionaire oligarchs, some of whom have ties to Russian leader Vladimir Putin.

The Milwaukee Journal Sentinel reports that “those exposed in the leak include the prime ministers of Iceland and Pakistan, an alleged bagman for Syrian President Bashar Assad, a close friend of Mexican President Enrique Pena Nieto, and companies linked to the family of Chinese President Xi Jinping.”

The documents shed light on trails of dark money “flowing through the global financial system, stripping national treasuries of tax revenue.”

The Panamanian law firm, Mossack, Fonseca & Co., credited with release of the data information exposing many world leaders and multi-billionaire oligarchs to public scrutiny, is one of the world’s top five creators of shell companies.

Such companies are created so that oligarchs like the Koch Brothers can establish legitimate shell businesses overseas and use those businesses to dodge taxes and launder money.

The Koch Brothers are financial and political supports of Wisconsin Governor Scott Walker, helping fund his campaign victories for governor, failed presidential campaign bid and funded Walker’s networks to defeat the recall effort against Walker.

Millions of emails, financial spreadsheets, client records, passports and corporate registries are being reviewed by journalists with the Washington-based International Consortium of Investigative Journalists, who received the information from the Suddeutsche Zeitung newspaper in Munich, Germany.

As the story is only breaking now, it is certain more insight into the world of the billionaire dark money networks is sure to intrigue.

What is clear is this: These oligarchs have been positioning world governments into a situation where dark money is protected from transparency and government accountability.

What is also revealing here is the ties that the Koch Brothers have with Scott Walker and now with Ted Cruz, through Walker. The Koch Brothers now have another presidential candidate that they can control and influence to protect their money from being taxed and stop efforts of transparency into dark money issues.

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Last edited by Tyler Schuster.   Page last modified on April 05, 2016

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