Are New York City developers in hot water for the Panama Papers leak?

Five NYC groups are revealed in the database
  • Stonehenge Partners, the Witkoff Group, M1 Real Estate, a co-owner of Hiro Real Estate and the Nakash family have all been found in the ICIJ Offshore Leaks Database.
  • Although viewed as the largest leak of private and financial legal documents in history, the legalities of the holdings are unknown.
  • Skeptics are sifting through the documents to see who has potentially been disguising illegal financial activity.

Earlier this week, 2.6 terabytes of documents exposed hundreds of thousands of offshore companies operating via Mossak Fonseca, a small Panamanian law firm with franchises all over the world – including Switzerland, the British Virgin Islands, Cyprus and in the British crown dependencies.