912dAuSm

10
200:00:05,000 --> 00:00:15,000
3INDOXXI
4Support dengan like & share :)
5
61
700:00:14,417 --> 00:00:18,083
8[man] First of all, there are some things
9you should know before we begin.
10
112
1200:00:18,167 --> 00:00:22,458
13[man 2] For instance, we are real people,
14just like you.
15
163
1700:00:22,708 --> 00:00:25,208
18[man] Secondly,
19we did not write a word of this.
20
214
2200:00:25,375 --> 00:00:26,625
23To be perfectly frank,
24
255
2600:00:26,708 --> 00:00:29,500
27we would have preferred
28all of this remain a secret.
29
306
3100:00:29,625 --> 00:00:31,792
32[man 2] But we had no choice
33in the matter.
34
357
3600:00:31,875 --> 00:00:35,333
37We just woke up one day
38and everything changed.
39
408
4100:00:35,500 --> 00:00:37,875
42[man] There were stories about us
43everywhere:
44
459
4600:00:38,125 --> 00:00:40,667
47TV, newspapers, and the internet.
48
4910
5000:00:40,917 --> 00:00:44,167
51[man 2] And now it is our turn
52to tell a few stories.
53
5411
5500:00:44,458 --> 00:00:47,917
56Think of them as fairy tales
57that actually happened.
58
5912
6000:00:48,375 --> 00:00:51,750
61[man] Don't worry,
62these stories are not just about us.
63
6413
6500:00:52,250 --> 00:00:53,792
66They're also about you.
67
6814
6900:00:54,042 --> 00:00:55,833
70[man 2] And how is that possible?
71
7215
7300:00:56,167 --> 00:01:00,167
74[man] Because all these stories
75are about money.
76
7716
7800:01:00,500 --> 00:01:04,042
79[man 2] The idea of money.
80The necessity of money.
81
8217
8300:01:04,583 --> 00:01:07,125
84The secret life of money.
85
8618
8700:01:07,333 --> 00:01:10,375
88[man] Before money,
89there was only the barter system.
90
9119
9200:01:10,458 --> 00:01:14,500
93You tried to trade what you had
94or you could do for what you needed.
95
9620
9700:01:14,708 --> 00:01:17,167
98You have bananas, but you need a cow.
99
10021
10100:01:17,542 --> 00:01:19,833
102I have a cow, but I hate bananas.
103
10422
10500:01:19,917 --> 00:01:23,417
106So, as you can imagine,
107there was a limit to this system.
108
10923
11000:01:23,625 --> 00:01:27,708
111Bananas turn brown over time
112and cows can, you know, wander away.
113
11424
11500:01:27,792 --> 00:01:31,458
116So an agreed-upon
117medium of exchange was needed.
118
11925
12000:01:31,833 --> 00:01:33,917
121What is a medium of exchange?
122
12326
12400:01:34,792 --> 00:01:38,000
125-Well, it could be a... a nugget of gold.
126-[grunting]
127
12827
12900:01:38,083 --> 00:01:41,833
130Or some other shiny rocks
131that are generally found to be scarce.
132
13328
13400:01:42,333 --> 00:01:45,583
135It could be a... a slip of paper
136
13729
13800:01:46,458 --> 00:01:47,708
139-with words on it...
140-Aah!
141
14230
14300:01:47,792 --> 00:01:49,875
144...or pictures of powerful people.
145
14631
14700:01:50,250 --> 00:01:51,667
148And if you read those words,
149
15032
15100:01:51,750 --> 00:01:55,958
152you will see that they are arranged
153into a promise of value.
154
15533
15600:01:56,042 --> 00:01:58,250
157[grunting]
158
15934
16000:01:59,333 --> 00:02:00,750
161[chuckles]
162
16335
16400:02:00,833 --> 00:02:02,458
165-Slips of paper...
166-[phone alert]
167
16836
16900:02:02,542 --> 00:02:06,708
170...which you cannot peel and eat,
171and do not give milk
172
17337
17400:02:06,792 --> 00:02:09,125
175are what we all agreed
176to call "money."
177
17838
17900:02:09,417 --> 00:02:14,083
180And these slips gave birth
181to many other pieces of paper
182
18339
18400:02:14,167 --> 00:02:17,167
185-with more writing on them.
186-[grunting and gasping]
187
18840
18900:02:17,250 --> 00:02:23,083
190And some of those words,
191they told the story of credit.
192
19341
19400:02:24,292 --> 00:02:26,667
195Oh, stay with us now,
196this is important.
197
19842
19900:02:27,625 --> 00:02:33,375
200Credit is an invention that meant
201you no longer needed to carry around, uh,
202
20343
20400:02:33,583 --> 00:02:36,375
205millions of bananas on slips of paper.
206
20744
20800:02:36,458 --> 00:02:39,250
209So, you now have something invisible,
210credit,
211
21245
21300:02:39,333 --> 00:02:42,292
214standing in for something tangible,
215a cow.
216
21746
21800:02:42,375 --> 00:02:44,458
219Credit said that even if you didn't have
220
22147
22200:02:44,625 --> 00:02:47,583
223all the bananas you need
224for what you want,
225
22648
22700:02:48,208 --> 00:02:50,417
228you could borrow bananas
229
23049
23100:02:50,958 --> 00:02:52,667
232from the future.
233
23450
23500:02:52,750 --> 00:02:57,250
236So, credit is just the future tense
237of the language of money.
238
23951
24000:02:59,250 --> 00:03:01,125
241Speaking of the future...
242
24352
24400:03:01,500 --> 00:03:04,958
245[man] Uh, things have gotten
246a little more complicated.
247
24853
24900:03:05,042 --> 00:03:07,500
250Actually, a lot more complicated.
251
25254
25300:03:07,583 --> 00:03:10,833
254There is more money than ever before.
255
25655
25700:03:10,917 --> 00:03:13,667
258Our money has more names
259than ever before.
260
26156
26200:03:13,750 --> 00:03:18,167
263[shouting]
264Commodities, loans, stocks, and bonds.
265
26657
26700:03:18,250 --> 00:03:21,000
268Funds and funds of funds.
269
27058
27100:03:21,083 --> 00:03:24,667
272Futures, equity,
273derivatives, securitized debt,
274
27559
27600:03:24,750 --> 00:03:26,208
277shorts and margin calls.
278
27960
28000:03:26,292 --> 00:03:28,000
281Financial instruments.
282
28361
28400:03:28,167 --> 00:03:29,208
285Words.
286
28762
28800:03:29,583 --> 00:03:31,333
289-Invisible.
290-[laughs]
291
29263
29300:03:31,417 --> 00:03:32,583
294Abstract.
295
29664
29700:03:33,708 --> 00:03:35,583
298Very different from cows.
299
30065
30100:03:35,917 --> 00:03:37,917
302[gentle piano music playing]
303
30466
30500:03:45,958 --> 00:03:49,375
306[humming]
307
30867
30900:04:02,625 --> 00:04:04,417
310Morning has broken.
311
31268
31300:04:04,500 --> 00:04:06,292
314-[man] Morning.
315-Mwah!
316
31769
31800:04:06,458 --> 00:04:08,417
319-Come on, buddy.
320-What time is it?
321
32270
32300:04:08,500 --> 00:04:09,917
324It's time.
325
32671
32700:04:10,500 --> 00:04:12,583
328[clears throat]
329Did you remember to take all your--
330
33172
33200:04:12,667 --> 00:04:13,500
333Yes!
334
33573
33600:04:14,042 --> 00:04:17,208
337-You didn't even let me finish.
338-I took them, I took everything.
339
34074
34100:04:18,083 --> 00:04:19,542
342-Big fat liar.
343-I'm not.
344
34575
34600:04:19,625 --> 00:04:21,583
347You know,
348they're not gonna wait for us, Joe.
349
35076
35100:04:21,667 --> 00:04:22,625
352Okay, yeah.
353
35477
35500:04:22,708 --> 00:04:24,458
356-So....
357-I can't do the laces.
358
35978
36000:04:24,542 --> 00:04:27,042
361-You can have this. I'll take this off.
362-No, I'm all right.
363
36479
36500:04:27,125 --> 00:04:29,792
366-I think it's gonna warm up.
367-Oh, look. They haven't left yet.
368
36980
37000:04:29,875 --> 00:04:31,958
371-No, no, we're all right.
372-[chuckling] Oh, gosh.
373
37481
37500:04:32,042 --> 00:04:33,042
376We're all right.
377
37882
37900:04:33,958 --> 00:04:35,417
380If they ask about it.
381
38283
38300:04:35,500 --> 00:04:37,000
384-They'll save a place for us.
385-Yeah.
386
38784
38800:04:37,083 --> 00:04:38,583
389-You think?
390-Yeah.
391
39285
39300:04:38,750 --> 00:04:40,625
394-There they are.
395-Drop a line in.
396
39786
39800:04:40,708 --> 00:04:41,958
399What would you catch?
400
40187
40200:04:42,333 --> 00:04:44,125
403-Oh, here's Barb. Hi.
404-Probably an old boot.
405
40688
40700:04:44,208 --> 00:04:47,333
408-Hey. Sorry.
409-The line's movin', it's okay.
410
41189
41200:04:47,417 --> 00:04:49,292
413Tryin' to move him out is like,
414you know...
415
41690
41700:04:49,375 --> 00:04:50,333
418Yep.
419
42091
42100:04:50,792 --> 00:04:53,750
422All right. Yeah, that's great.
423I'm glad. I didn't remember.
424
42592
42600:04:55,167 --> 00:04:57,167
427-Shall we let them go, or...
428-Uh...
429
43093
43100:04:58,792 --> 00:04:59,792
432That's it.
433
43494
43500:04:59,875 --> 00:05:02,958
436-Careful on this thing, it gets tricky.
437-Yeah, it gets a little slippery.
438
43995
44000:05:04,125 --> 00:05:05,583
441-Okay.
442-Thank you.
443
44496
44500:05:08,250 --> 00:05:09,208
446Honey?
447
44897
44900:05:09,583 --> 00:05:11,292
450Yeah? Oh, look, a place. Oh.
451
45298
45300:05:12,042 --> 00:05:13,542
454-Oh, and leg room..
455-Yeah.
456
45799
45800:05:13,625 --> 00:05:14,458
459...to boot.
460
461100
46200:05:15,792 --> 00:05:16,625
463Sweet.
464
465101
46600:05:18,417 --> 00:05:20,417
467[boat engine whirring]
468
469102
47000:05:30,000 --> 00:05:31,708
471Good afternoon, Trenton travelers.
472
473103
47400:05:32,125 --> 00:05:33,250
475This is Richard Paris.
476
477104
47800:05:33,333 --> 00:05:36,500
479I'll be your captain here
480on historic Lake George.
481
482105
48300:05:36,583 --> 00:05:42,208
484We got a magnificent fall day,
485so sit back and relax and enjoy the view.
486
487106
48800:05:44,167 --> 00:05:45,708
489[Joe's wife] Posh seats, huh?
490
491107
49200:05:45,792 --> 00:05:46,833
493-No.
494-[chuckles]
495
496108
49700:05:46,917 --> 00:05:49,625
498Hey, you know where
499the word "posh" comes from?
500
501109
50200:05:49,708 --> 00:05:51,875
503-Do you know, Barb?
504-No idea, El.
505
506110
50700:05:52,167 --> 00:05:54,500
508Oh, is this one
509of your crossword puzzle things
510
511111
51200:05:54,583 --> 00:05:57,625
513-or a fun fact off a calendar?
514-[El laughs] Go on, tell her.
515
516112
51700:05:57,833 --> 00:06:00,375
518The posh seats on a boat, the good seats,
519
520113
52100:06:00,583 --> 00:06:04,292
522were called that because when cruises went
523from England to Africa,
524
525114
52600:06:04,375 --> 00:06:07,833
527if you were sitting on the port side
528on the way there, you saw land.
529
530115
53100:06:07,917 --> 00:06:11,625
532Yeah, and when you would go back,
533you'd want to sit on the starboard side,
534
535116
53600:06:11,708 --> 00:06:14,292
537so that you're not
538lookin' out at nothing all day.
539
540117
54100:06:14,667 --> 00:06:16,958
542Port Out, Starboard Home.
543
544118
54500:06:17,333 --> 00:06:20,542
546P-O-S-H. It's... It's a... an acronym.
547
548119
54900:06:20,625 --> 00:06:21,458
550[El] Yeah.
551
552120
55300:06:21,958 --> 00:06:24,167
554Boy, you guys sure know a lot of trivia.
555
556121
55700:06:24,625 --> 00:06:28,042
558Well, you weren't just staring at nothing.
559
560122
56100:06:28,125 --> 00:06:32,833
562I-- I mean, if you had eyes at all,
563you'd be looking at something.
564
565123
56600:06:32,917 --> 00:06:36,458
567Maybe clouds or whales, but something.
568
569124
57000:06:38,667 --> 00:06:39,667
571Maybe.
572
573125
57400:06:39,833 --> 00:06:41,792
575All right, comin' up
576on your right-hand side
577
578126
57900:06:41,875 --> 00:06:43,958
580just a couple meters beneath the surface
581
582127
58300:06:45,042 --> 00:06:47,583
584is the Sunken Fleet of 1758.
585
586128
58700:06:48,500 --> 00:06:51,500
588-[woman] Oh, that's what that is.
589-British soldiers stationed on the lake
590
591129
59200:06:51,583 --> 00:06:54,292
593sank over 260 vessels to keep them
594
595130
59600:06:54,375 --> 00:06:56,917
597-from being captured by the French.
598-[woman] Amazing it's lasted.
599
600131
60100:06:58,000 --> 00:06:58,958
602Captain?
603
604132
60500:07:01,917 --> 00:07:03,833
606Ah, shit, where did that come from?
607
608133
60900:07:07,708 --> 00:07:09,250
610[yelling and screaming]
611
612134
61300:07:10,417 --> 00:07:11,625
614[man] Whoa!
615
616135
61700:07:15,542 --> 00:07:17,542
618[rising screaming]
619
620136
62100:07:18,292 --> 00:07:19,292
622[silence]
623
624137
62500:07:19,750 --> 00:07:20,750
626[creaking]
627
628138
62900:07:41,333 --> 00:07:44,542
630Ellen and Joe went on their honeymoon
631in Niagara Falls
632
633139
63400:07:44,625 --> 00:07:47,833
635and they were on their way back there
636the day we lost Joe.
637
638140
63900:07:49,000 --> 00:07:54,000
640His dear friend Norm Sidley told me that
641Joe had a ruby pendant in his pocket
642
643141
64400:07:54,083 --> 00:07:56,375
645that he planned to give to Ellen
646at the Falls,
647
648142
64900:07:56,458 --> 00:07:58,208
650because a 40th anniversary...
651
652143
65300:07:59,875 --> 00:08:00,875
654is ruby,
655
656144
65700:08:02,167 --> 00:08:03,750
658a stone of uncommon beauty.
659
660145
66100:08:05,542 --> 00:08:07,417
662And Joe Martin was just as rare.
663
664146
66500:08:09,500 --> 00:08:12,875
666The common man has become
667anything but that.
668
669147
67000:08:14,500 --> 00:08:17,042
671Men who love their wives without stopping.
672
673148
67400:08:17,125 --> 00:08:19,833
675Men who are there for their children
676without fail.
677
678149
67900:08:20,333 --> 00:08:23,792
680Men who pay their taxes
681and shovel their neighbor's walk.
682
683150
68400:08:25,125 --> 00:08:28,500
685Men who drive the speed limit, even
686when there's nobody there to watch them.
687
688151
68900:08:28,708 --> 00:08:32,167
690This is the 14th of 21 funerals
691
692152
69300:08:32,500 --> 00:08:35,167
694that this tragedy has visited
695upon our community.
696
697153
69800:08:37,125 --> 00:08:40,583
699Each one sharpening the pain
700of our shared loss.
701
702154
70300:08:44,250 --> 00:08:48,375
704So... So, what happens next?
705What do we do next?
706
707155
70800:08:49,250 --> 00:08:53,583
709[man] Well, uh, Shoreline Cruises,
710like most of these outfits,
711
712156
71300:08:53,667 --> 00:08:56,125
714they have insurance
715for accidents and such.
716
717157
71800:08:56,958 --> 00:09:00,792
719And that involves filing a claim,
720which they have done with the carrier.
721
722158
72300:09:00,875 --> 00:09:05,250
724So basically, they drowned Joe
725and 20 other innocent people,
726
727159
72800:09:05,333 --> 00:09:07,333
729and you can get insurance for that?
730
731160
73200:09:07,417 --> 00:09:08,417
733[Ellen chuckles]
734
735161
73600:09:08,500 --> 00:09:14,250
737You know, Gwen Musgrave says that she can
738still feel Bucky Mecklenberg's actual hand
739
740162
74100:09:14,625 --> 00:09:19,125
742on her leg, pullin' it, tryin' to get up
743to the surface to get the air.
744
745163
74600:09:19,458 --> 00:09:22,875
747You know, she feels it in the middle
748of the night, just layin' there.
749
750164
75100:09:24,667 --> 00:09:27,000
752Drowning man's hand on her leg. Whew.
753
754165
75500:09:27,458 --> 00:09:29,667
756What kind of compensation is there
757for that?
758
759166
76000:09:30,125 --> 00:09:33,917
761Well, Shoreline is tellin' me that they
762bought a policy from one company
763
764167
76500:09:34,000 --> 00:09:36,792
766and then they were reinsured
767through another company.
768
769168
77000:09:37,542 --> 00:09:42,417
771But I'm expecting a settlement offer
772in the mid-seven figures as a start.
773
774169
77500:09:42,667 --> 00:09:44,042
776Here's what they're saying.
777
778170
77900:09:44,125 --> 00:09:45,417
780-Who?
781-United.
782
783171
78400:09:46,417 --> 00:09:49,083
785I thought our insurance was
786through that firm Monarch.
787
788172
78900:09:49,167 --> 00:09:50,208
790It was. Uh--
791
792173
79300:09:50,292 --> 00:09:52,625
794We did. Well, actually, GPOA.
795
796174
79700:09:52,958 --> 00:09:54,000
798And what's that?
799
800175
80100:09:54,083 --> 00:09:57,667
802Global Property Owners Association.
803That's who insured this place.
804
805176
80600:09:57,750 --> 00:09:59,792
807And they insured the boat as well.
808
809177
81000:10:00,292 --> 00:10:01,875
811-So what's Monarch?
812-[sighs]
813
814178
81500:10:01,958 --> 00:10:04,083
816GPOA became Monarch.
817
818179
81900:10:04,458 --> 00:10:07,000
820But now this guy, Mr. Purser,
821
822180
82300:10:07,083 --> 00:10:12,250
824is saying that Monarch itself is insured
825by-- by a firm called, uh, United.
826
827181
82800:10:13,333 --> 00:10:16,583
829So United takes over the policy
830from Monarch.
831
832182
83300:10:18,083 --> 00:10:19,667
834So United is gonna pay.
835
836183
83700:10:20,375 --> 00:10:23,292
838That's the thing. We got this note saying,
839
840184
84100:10:24,333 --> 00:10:26,833
842"The money you have already saved
843on your insurance
844
845185
84600:10:26,917 --> 00:10:30,333
847is nothing in comparison to having
848an accident with one of your boats
849
850186
85100:10:30,417 --> 00:10:32,958
852while operating them on the lake,
853where they have no coverage.
854
855187
85600:10:33,750 --> 00:10:36,542
857I strongly urge you
858to reconsider the quote
859
860188
86100:10:36,625 --> 00:10:39,833
862for marine liability and hull coverage
863on your entire fleet.
864
865189
86600:10:40,042 --> 00:10:42,583
867I realize that you know the lake
868much better than we do
869
870190
87100:10:42,667 --> 00:10:46,667
872and you have never had an accident before,
873but this is our recommendation to you."
874
875191
87600:10:47,625 --> 00:10:50,250
877No coverage? Who said that?
878
879192
88000:10:50,333 --> 00:10:51,667
881Purser at Monarch.
882
883193
88400:10:52,042 --> 00:10:54,083
885But I thought you said Monarch is United.
886
887194
88800:10:54,167 --> 00:10:55,208
889Right, it is.
890
891195
89200:10:55,292 --> 00:10:57,917
893And Monarch is saying
894that our policy expired be--
895
896196
89700:10:58,792 --> 00:11:00,042
898before the accident,
899
900197
90100:11:00,375 --> 00:11:02,542
902so United is off the hook.
903
904198
90500:11:04,917 --> 00:11:06,042
906Jesus.
907
908199
90900:11:07,208 --> 00:11:08,292
910You let it lapse?
911
912200
91300:11:08,375 --> 00:11:11,542
914-No. No, I--
915-And we're gonna be exposed here?
916
917201
91800:11:11,625 --> 00:11:13,750
919-Us personally?
920-No. It's not true...
921
922202
92300:11:14,083 --> 00:11:14,917
924Rich.
925
926203
92700:11:15,333 --> 00:11:17,333
928[phone rings]
929
930204
93100:11:19,375 --> 00:11:20,708
932[woman] You gonna answer?
933
934205
93500:11:22,917 --> 00:11:25,042
936[man] What area code is 518? You know?
937
938206
93900:11:25,667 --> 00:11:27,917
940-[woman] Europe?
941-[phone continues ringing]
942
943207
94400:11:28,083 --> 00:11:30,708
945[man] It's not Europe.
946Europe have different numbers.
947
948208
94900:11:30,792 --> 00:11:32,750
950[woman] If you answered, you could ask.
951
952209
95300:11:34,792 --> 00:11:37,625
954You didn't sign these, Irvin.
955
956210
95700:11:37,708 --> 00:11:41,083
958These were supposed to be sent back
959to Mossack Fonseca days ago.
960
961211
96200:11:44,625 --> 00:11:48,917
963RDPS Trading, TEP Consulting,
964Wilkinson Systems Limited.
965
966212
96700:11:49,000 --> 00:11:52,167
968You need to be signing where it says
969"Director" on all of these.
970
971213
97200:11:52,625 --> 00:11:55,625
973I need to fax these back to Panama
974by the end of the day.
975
976214
97700:11:57,042 --> 00:11:57,875
978Irvin!
979
980215
98100:12:01,625 --> 00:12:02,625
982[Irvin sighs]
983
984216
98500:12:02,875 --> 00:12:05,500
986That's $15 a signature, sweetie.
987
988217
98900:12:08,750 --> 00:12:11,708
990Also, Christopher Purser
991called from Houston,
992
993218
99400:12:11,792 --> 00:12:15,000
995said there's a problem
996with the Monarch-United arrangement.
997
998219
99900:12:15,083 --> 00:12:16,417
1000What kinda problem?
1001
1002220
100300:12:17,042 --> 00:12:18,500
1004Boat sank in New York.
1005
1006221
100700:12:20,000 --> 00:12:22,708
1008Twenty-one people died.
1009He wants to know what to do.
1010
1011222
101200:12:22,792 --> 00:12:24,625
1013You want me to get him on the phone?
1014
1015223
101600:12:33,708 --> 00:12:37,167
1017Hey, this is Matthew Quirk
1018calling for Mr. Boncamper.
1019
1020224
102100:12:37,250 --> 00:12:41,250
1022Uh, my lawyer says you're the nominee
1023director for United Reinsurance.
1024
1025225
102600:12:41,333 --> 00:12:44,375
1027I filed an accident claim
1028for Shoreline Cruises
1029
1030226
103100:12:44,458 --> 00:12:46,875
1032and I need to speak with you
1033as soon as possible.
1034
1035227
103600:12:46,958 --> 00:12:48,958
1037My number is area code 518--
1038
1039228
104000:12:49,375 --> 00:12:50,333
1041Shit.
1042
1043229
104400:12:50,792 --> 00:12:52,292
1045I got some bad news.
1046
1047230
104800:12:54,000 --> 00:12:56,875
1049A very unfortunate turn of events.
1050
1051231
105200:12:57,792 --> 00:13:01,333
1053Mr. Purser, who sold us the policy
1054down in Houston
1055
1056232
105700:13:01,417 --> 00:13:03,458
1058is, um... under investigation
1059
1060233
106100:13:03,542 --> 00:13:07,667
1062by some sort of professional
1063oversight organization there in Texas.
1064
1065234
106600:13:07,750 --> 00:13:09,917
1067He's not allowed
1068to sell insurance anymore.
1069
1070235
107100:13:10,375 --> 00:13:12,875
1072Ever. The IRS is involved.
1073
1074236
107500:13:12,958 --> 00:13:18,208
1076There were gyms with claims
1077and, uh, nursing homes with claims.
1078
1079237
108000:13:19,708 --> 00:13:21,042
1081We're not the only ones.
1082
1083238
108400:13:21,833 --> 00:13:24,000
1085Uh, they said, "Get in line." [chuckles]
1086
1087239
108800:13:28,208 --> 00:13:30,125
1089I was tryin' to save some money, Rich.
1090
1091240
109200:13:32,833 --> 00:13:36,375
1093And they were cheaper.
1094Monarch was... they were much cheaper.
1095
1096241
109700:13:37,167 --> 00:13:40,708
1098We were expanding the restaurant
1099and buying a second boat.
1100
1101242
110200:13:42,000 --> 00:13:44,583
1103[Rich] Matty, they're gonna come
1104after us, aren't they?
1105
1106243
110700:13:46,625 --> 00:13:49,125
1108I can't sleep at night. Um...
1109
1110244
111100:13:50,167 --> 00:13:52,208
1112I have dreams about those people.
1113
1114245
111500:13:54,167 --> 00:13:58,083
1116Faces floating up in the waves,
1117bodies washin' up on the beach.
1118
1119246
112000:13:58,167 --> 00:13:59,167
1121Beach by my house.
1122
1123247
112400:14:03,542 --> 00:14:05,500
1125Maybe we could try to settle with 'em.
1126
1127248
112800:14:05,750 --> 00:14:08,833
1129Of course, we--
1130Of course, we want to settle.
1131
1132249
113300:14:10,750 --> 00:14:12,958
1134We are hat in hand here, Rich.
1135
1136250
113700:14:14,417 --> 00:14:17,958
1138Hat in hand, wanting to settle
1139with the best of intentions.
1140
1141251
114200:14:19,125 --> 00:14:21,125
1143[gentle jazz plays]
1144
1145252
114600:14:29,583 --> 00:14:31,583
1147-What do you think?
1148-Let's go!
1149
1150253
115100:14:31,667 --> 00:14:32,833
1152-Whoo!
1153-Whoa!
1154
1155254
115600:14:32,917 --> 00:14:34,625
1157I know! Automatic! [laughs]
1158
1159255
116000:14:37,708 --> 00:14:40,292
1161-Sometimes I get lost. Okay...
1162-This way?
1163
1164256
116500:14:40,375 --> 00:14:41,875
1166-All the way down there.
1167-[child] Whoo!
1168
1169257
117000:14:41,958 --> 00:14:43,458
1171There, right to the elevator.
1172
1173258
117400:14:43,917 --> 00:14:45,542
1175-Good boy.
1176-Oh, wow.
1177
1178259
117900:14:45,625 --> 00:14:47,042
1180-Whoa!
1181-[laughing]
1182
1183260
118400:14:47,125 --> 00:14:49,875
1185-Waah-oooh!
1186-Whoo! [laughing]
1187
1188261
118900:14:49,958 --> 00:14:51,833
1190-I'm gonna catch you!
1191-No, you're not!
1192
1193262
119400:14:51,917 --> 00:14:54,375
1195-Oh, Mom, this is so great.
1196-I know.
1197
1198263
119900:14:55,875 --> 00:14:57,333
1200Think your dad would approve?
1201
1202264
120300:14:58,458 --> 00:15:00,167
1204-He'd love it, Mom.
1205-[boy] Come on!
1206
1207265
120800:15:00,417 --> 00:15:02,000
1209-[girl] Oh, no!
1210-I think so too.
1211
1212266
121300:15:02,083 --> 00:15:04,625
1214Hey, kids, come here, come here. Look.
1215
1216267
121700:15:05,167 --> 00:15:07,000
1218-Can you see the Eiffel Tower?
1219-What?
1220
1221268
122200:15:07,083 --> 00:15:08,583
1223-Can you see it?
1224-Yeah.
1225
1226269
122700:15:08,667 --> 00:15:10,208
1228It looks like Paris, France.
1229
1230270
123100:15:11,083 --> 00:15:12,917
1232-Wait.
1233-Can you see? Kaylen, look.
1234
1235271
123600:15:13,500 --> 00:15:15,917
1237They light it up all night long.
1238It's so pretty.
1239
1240272
124100:15:16,000 --> 00:15:18,083
1242But here's the best, best, best part.
1243
1244273
124500:15:18,500 --> 00:15:19,958
1246Can you see by the palm tree?
1247
1248274
124900:15:20,167 --> 00:15:21,833
1250-Oh, yes, I can.
1251-Yeah.
1252
1253275
125400:15:23,458 --> 00:15:27,708
1255Years ago, there was a guy there who
1256could write your name on a grain of rice.
1257
1258276
125900:15:27,792 --> 00:15:30,125
1260-What?
1261-For 25 cents.
1262
1263277
126400:15:30,208 --> 00:15:31,708
1265-That's a bargain.
1266-I know.
1267
1268278
126900:15:31,792 --> 00:15:33,417
1270-Whoa.
1271-And...
1272
1273279
127400:15:33,792 --> 00:15:38,458
1275that corner is the corner
1276where I met your grandfather.
1277
1278280
127900:15:40,125 --> 00:15:41,708
1280-Oh.
1281-[clears throat]
1282
1283281
128400:15:42,333 --> 00:15:44,083
1285He was here for a tire convention,
1286
1287282
128800:15:44,167 --> 00:15:48,375
1289and I was here
1290'cause my girlfriend's bachelorette party.
1291
1292283
129300:15:49,000 --> 00:15:52,667
1294And he took me to see Diana Ross
1295at Caesars.
1296
1297284
129800:15:53,292 --> 00:15:55,250
1299How he got those tickets...
1300
1301285
130200:15:55,375 --> 00:15:58,208
1303Although he did tell me later
1304that he stole 'em
1305
1306286
130700:15:58,292 --> 00:16:00,458
1308-out of his boss's briefcase.
1309-[giggling]
1310
1311287
131200:16:00,542 --> 00:16:02,750
1313-[gasps]
1314-Which is bad. [chuckles]
1315
1316288
131700:16:03,292 --> 00:16:06,875
1318But he said that he knew her from Detroit.
1319
1320289
132100:16:07,250 --> 00:16:08,708
1322He sold her tires.
1323
1324290
132500:16:09,208 --> 00:16:12,542
1326This is one of the Supremes.
1327I don't think so.
1328
1329291
133000:16:13,875 --> 00:16:16,417
1331Anyway, she came out onstage and he said,
1332
1333292
133400:16:17,708 --> 00:16:22,375
1335"The most beautiful woman
1336I have ever seen in my whole life."
1337
1338293
133900:16:25,000 --> 00:16:28,000
1340But then he leaned over to me
1341and he said, "Except for you."
1342
1343294
134400:16:29,042 --> 00:16:30,250
1345-Aw.
1346-Was he kidding?
1347
1348295
134900:16:30,500 --> 00:16:32,917
1350Oh! "Was he kidding?"
1351
1352296
135300:16:33,000 --> 00:16:34,917
1354[laughing]
1355
1356297
135700:16:35,875 --> 00:16:40,458
1358So, I was supposed to drive back
1359to Sacramento with Connie, but I didn't.
1360
1361298
136200:16:40,792 --> 00:16:44,083
1363I stayed the whole weekend,
1364'cause it was Labor Day weekend.
1365
1366299
136700:16:44,208 --> 00:16:48,208
1368And we, uh... we went to the Jerry Lewis
1369muscular dystrophy telethon,
1370
1371300
137200:16:48,292 --> 00:16:49,583
1373saw that live.
1374
1375301
137600:16:50,333 --> 00:16:53,917
1377We went and got mai tai
1378after mai tai after mai tai.
1379
1380302
138100:16:54,000 --> 00:16:55,458
1382What's a mai tai?
1383
1384303
138500:16:55,833 --> 00:16:58,625
1386[Ellen] Oh, that's a Hawaiian
1387fertility drug, honey.
1388
1389304
139000:16:59,000 --> 00:17:00,625
1391-[chuckles]
1392-Mom.
1393
1394305
139500:17:01,042 --> 00:17:04,000
1396Your mom was conceived
1397under a paper umbrella
1398
1399306
140000:17:04,083 --> 00:17:06,583
1401when we were $68 up at slots.
1402
1403307
140400:17:06,708 --> 00:17:09,292
1405Yeah! [laughing loudly]
1406
1407308
140800:17:09,417 --> 00:17:11,792
1409Okay, listen, kids,
1410why don't you put your swimsuits on?
1411
1412309
141300:17:11,875 --> 00:17:13,458
1414-There is a pool on the roof.
1415-Really?
1416
1417310
141800:17:13,542 --> 00:17:15,292
1419-Yeah.
1420-Oh, my goodness.
1421
1422311
142300:17:16,167 --> 00:17:18,500
1424-Pool, here I come.
1425-Pool, here I come.
1426
1427312
142800:17:19,375 --> 00:17:20,208
1429[girl] Whoo!
1430
1431313
143200:17:20,292 --> 00:17:21,833
1433-Mrs. Martin?
1434-[Ellen] Yeah?
1435
1436314
143700:17:22,333 --> 00:17:23,500
1438-Hi, Hannah!
1439-Hi--
1440
1441315
144200:17:23,583 --> 00:17:25,292
1443-This is my daughter, Melanie.
1444-Hi.
1445
1446316
144700:17:25,375 --> 00:17:27,000
1448-Did you get my message?
1449-And my grandkid--
1450
1451317
145200:17:27,083 --> 00:17:28,875
1453-What? No, what me--
1454-I left you a message.
1455
1456318
145700:17:28,958 --> 00:17:32,833
1458Oh. Well, I've been so busy with
1459the yard sale and the packing and the--
1460
1461319
146200:17:32,917 --> 00:17:35,125
1463I'm not sure my mom knows how
1464to check her messages.
1465
1466320
146700:17:35,208 --> 00:17:37,167
1468I've been stayin' with her
1469out in Denver, so--
1470
1471321
147200:17:37,250 --> 00:17:40,167
1473Hey, let me-- Kids, come here.
1474I want you to meet somebody.
1475
1476322
147700:17:40,667 --> 00:17:41,917
1478-This is...
1479-Hello!
1480
1481323
148200:17:42,000 --> 00:17:43,958
1483...Kaylen! And this is Thalia.
1484
1485324
148600:17:44,042 --> 00:17:45,292
1487-Hello!
1488-Ah.
1489
1490325
149100:17:45,375 --> 00:17:48,083
1492She is a great butterfly swimmer.
1493
1494326
149500:17:48,167 --> 00:17:49,125
1496Mwah!
1497
1498327
149900:17:49,208 --> 00:17:50,542
1500[Melanie] Olympic hopeful.
1501
1502328
150300:17:50,625 --> 00:17:51,833
1504Bet you got your swimsuit on
1505
1506329
150700:17:51,917 --> 00:17:53,667
1508-underneath that shirt, don't you?
1509-Yeah!
1510
1511330
151200:17:53,750 --> 00:17:55,125
1513[Kaylen] Pick me up!
1514
1515331
151600:17:55,208 --> 00:17:58,208
1517Do you-- Do you just--
1518I'd like to speak to you for a minute.
1519
1520332
152100:17:58,292 --> 00:18:00,292
1522-If we could just....
1523-Oh, sure, sure.
1524
1525333
152600:18:00,375 --> 00:18:02,042
1527Okay, we're gonna go swimming soon.
1528
1529334
153000:18:02,125 --> 00:18:04,000
1531-Here, wait here.
1532-Mom, I wanna go swimming.
1533
1534335
153500:18:04,083 --> 00:18:06,083
1536-Let's play I Spy. What do you see?
1537-[Kaylen] Me too.
1538
1539336
154000:18:06,167 --> 00:18:08,208
1541-What do you see?
1542-[Thalia] I spy something blue.
1543
1544337
154500:18:10,042 --> 00:18:11,542
1546This unit's been sold.
1547
1548338
154900:18:12,292 --> 00:18:13,917
1550-What?
1551-Not to you.
1552
1553339
155400:18:16,042 --> 00:18:17,708
1555Well, where-- Can't I-- Wh--
1556
1557340
155800:18:18,750 --> 00:18:22,208
1559What's the word? Counter? Counter.
1560Can't I even counter?
1561
1562341
156300:18:22,708 --> 00:18:25,333
1564They paid double the asking price.
1565In cash.
1566
1567342
156800:18:26,042 --> 00:18:28,708
1569And they bought three units
1570that they want to combine.
1571
1572343
157300:18:29,833 --> 00:18:31,542
1574So what do I-- What happens to me?
1575
1576344
157700:18:32,292 --> 00:18:35,625
1578Well, I have a wonderful
1579one-bedroom Bristol.
1580
1581345
158200:18:36,000 --> 00:18:37,958
1583It has Italian marble everywhere.
1584
1585346
158600:18:38,042 --> 00:18:40,625
1587-I don't care about marble.
1588-I could show you. It'd be great.
1589
1590347
159100:18:40,708 --> 00:18:43,125
1592No, I don't care.
1593I just want to look out and see Joe.
1594
1595348
159600:18:44,292 --> 00:18:46,750
1597-Joe?
1598-I want to look out and see my corner.
1599
1600349
160100:18:48,625 --> 00:18:51,583
1602Well, okay. I don't have anything
1603facing that direction,
1604
1605350
160600:18:51,667 --> 00:18:58,167
1607but I do have a three-bedroom Hennessey
1608facing north.
1609
1610351
161100:18:58,250 --> 00:18:59,417
1612-It's gorgeous.
1613-No.
1614
1615352
161600:18:59,500 --> 00:19:00,750
1617-I could show you that?
1618-No.
1619
1620353
162100:19:00,833 --> 00:19:02,542
1622-No, not north.
1623-It's really wonderful.
1624
1625354
162600:19:02,625 --> 00:19:04,375
1627-I could--
1628-Fuck north. No.
1629
1630355
163100:19:04,792 --> 00:19:07,875
1632I am puttin' down the settlement money
1633from the accident.
1634
1635356
163600:19:09,333 --> 00:19:12,042
1637I look out there
1638and I see him smilin' at me,
1639
1640357
164100:19:12,125 --> 00:19:13,500
1642holdin' two tickets.
1643
1644358
164500:19:13,583 --> 00:19:14,583
1646You see who?
1647
1648359
164900:19:14,667 --> 00:19:17,167
1650Two tickets to the rest of my life.
1651
1652360
165300:19:18,417 --> 00:19:23,625
1654I walk around Detroit, I see him reachin'
1655up for dead leaves in a lake. [gasps]
1656
1657361
165800:19:25,042 --> 00:19:26,042
1659[groans]
1660
1661362
166200:19:26,167 --> 00:19:29,000
1663If these people,
1664whoever they are, if they knew...
1665
1666363
166700:19:29,292 --> 00:19:30,708
1668I could explain it to 'em.
1669
1670364
167100:19:31,042 --> 00:19:34,958
1672-There are so many places they could live.
1673-I can't give you their name, by law.
1674
1675365
167600:19:35,042 --> 00:19:37,375
1677-[sighs]
1678-Maybe you could talk to their lawyer.
1679
1680366
168100:19:37,458 --> 00:19:39,500
1682[gasps] That's right.
1683I could write 'em a letter.
1684
1685367
168600:19:39,583 --> 00:19:42,083
1687That wouldn't be
1688an invasion of anybody's privacy.
1689
1690368
169100:19:42,167 --> 00:19:44,958
1692-I can't give you their name.
1693-Or if I could just talk to 'em.
1694
1695369
169600:19:45,042 --> 00:19:46,542
1697-Why?
1698-Privacy.
1699
1700370
170100:19:47,042 --> 00:19:50,583
1702Cash. Who pays cash?
1703
1704371
170500:19:51,458 --> 00:19:52,583
1706[whispers] Russians.
1707
1708372
170900:19:55,083 --> 00:19:57,250
1710Aren't we going swimming?
1711
1712373
171300:19:57,333 --> 00:19:59,542
1714-[laughs sadly]
1715-Aren't we going swimming?
1716
1717374
171800:19:59,625 --> 00:20:02,208
1719Mom, what's wrong? What did she say?
1720
1721375
172200:20:02,500 --> 00:20:03,333
1723[sighs]
1724
1725376
172600:20:03,667 --> 00:20:05,417
1727-You okay, Grandma?
1728-Mom, what is it?
1729
1730377
173100:20:05,500 --> 00:20:07,083
1732-Yes, I'm fine.
1733-Are you sure?
1734
1735378
173600:20:07,750 --> 00:20:10,083
1737[men speaking Russian]
1738
1739379
174000:20:13,000 --> 00:20:15,250
1741-Grandma, can I go to the pool?
1742-[Hannah speaks Russian]
1743
1744380
174500:20:15,333 --> 00:20:16,333
1746Wait a second.
1747
1748381
174900:20:16,417 --> 00:20:18,417
1750-[Hannah speaks Russian]
1751-Nice to see you again.
1752
1753382
175400:20:18,500 --> 00:20:20,042
1755[man speaks Russian]
1756
1757383
175800:20:20,292 --> 00:20:23,083
1759You guys, you go on down.
1760I'll meet you in the lobby.
1761
1762384
176300:20:28,250 --> 00:20:31,458
1764[Hannah] I just saw your email
1765with the paperwork attached.
1766
1767385
176800:20:32,083 --> 00:20:34,292
1769[man] You have worked
1770with offshore entities before?
1771
1772386
177300:20:34,417 --> 00:20:35,542
1774[Hannah] Of course.
1775
1776387
177700:20:35,917 --> 00:20:39,250
1778[man 2] Yeah, we did the same thing
1779in New York when we bought there.
1780
1781388
178200:20:39,333 --> 00:20:41,958
1783-Helps us with taxes and other things.
1784-[man 1] Oooh!
1785
1786389
178700:20:42,375 --> 00:20:44,125
1788-Amazing!
1789-[man 2] Now we're cooking.
1790
1791390
179200:20:44,208 --> 00:20:47,500
1793-[man 1] That's great, Hannah. Incredible!
1794-[Hannah] I have all three on ho--
1795
1796391
179700:20:47,583 --> 00:20:48,583
1798[door closes]
1799
1800392
180100:20:54,958 --> 00:20:56,958
1802["Judas" by The Charlatans playing]
1803
1804393
180500:21:15,000 --> 00:21:18,875
1806So, how does it all work,
1807this world of offshore companies?
1808
1809394
181000:21:19,083 --> 00:21:21,000
1811And how do you know if it is for you?
1812
1813395
181400:21:21,333 --> 00:21:25,583
1815First of all, you must ask yourself,
1816are you wealthy?
1817
1818396
181900:21:26,167 --> 00:21:31,333
1820There are just over two thousand
1821billionaires on planet Earth.
1822
1823397
182400:21:31,875 --> 00:21:34,792
1825Maybe you are one of them,
1826or maybe you are just a millionaire.
1827
1828398
182900:21:34,875 --> 00:21:37,500
1830There are 15 million of them in the world.
1831
1832399
183300:21:38,458 --> 00:21:42,333
1834Perhaps you are older now
1835and it's time to contemplate your legacy.
1836
1837400
183800:21:42,542 --> 00:21:46,292
1839Or maybe you are younger and
1840building an empire like our friends here.
1841
1842401
184300:21:50,167 --> 00:21:53,417
1844Your ambitions lead you to a place
1845that deals with money.
1846
1847402
184800:21:53,750 --> 00:21:56,958
1849For instance, a bank. A big bank.
1850
1851403
185200:21:57,042 --> 00:21:58,542
1853Probably in Europe.
1854
1855404
185600:21:58,625 --> 00:22:03,000
1857And you find yourself sitting
1858across a desk from a wealth manager,
1859
1860405
186100:22:03,458 --> 00:22:06,208
1862a financial advisor, a banker.
1863
1864406
186500:22:06,292 --> 00:22:09,583
1866You lay out your fears.
1867Income tax, state tax,
1868
1869407
187000:22:09,667 --> 00:22:12,958
1871inheritance tax, capital gains taxes.
1872
1873408
187400:22:13,167 --> 00:22:15,500
1875Your advisor understands your concerns
1876
1877409
187800:22:15,583 --> 00:22:17,625
1879and suggests you set up
1880an offshore company,
1881
1882410
188300:22:17,708 --> 00:22:20,125
1884where your assets
1885will be safe from scrutiny.
1886
1887411
188800:22:20,208 --> 00:22:22,250
1889And that's where we come in.
1890
1891412
189200:22:23,375 --> 00:22:27,792
1893Now, we supply you with a shell company,
1894which holds your assets.
1895
1896413
189700:22:28,042 --> 00:22:31,000
1898You are not the company,
1899even if the company is you.
1900
1901414
190200:22:31,208 --> 00:22:34,417
1903Confused yet?
1904We give this entity a name.
1905
1906415
190700:22:34,625 --> 00:22:35,458
1908Uh...
1909
1910416
191100:22:35,833 --> 00:22:38,250
1912"New Century Enterprises," perhaps.
1913
1914417
191500:22:38,750 --> 00:22:41,667
1916You don't need office space.
1917You don't need employees.
1918
1919418
192000:22:42,083 --> 00:22:43,625
1921Exists on paper only.
1922
1923419
192400:22:43,833 --> 00:22:47,375
1925And what does this company make?
1926What goods or services does it supply?
1927
1928420
192900:22:48,208 --> 00:22:49,250
1930Privacy.
1931
1932421
193300:22:49,500 --> 00:22:53,292
1934It's nothing more than an email address
1935and a post-office box in a country
1936
1937422
193800:22:53,375 --> 00:22:56,208
1939where the laws are favorable
1940to your financial goals.
1941
1942423
194300:22:56,500 --> 00:22:58,708
1944And where can you find such a country?
1945
1946424
194700:22:58,833 --> 00:23:01,042
1948Usually in the middle of the ocean.
1949
1950425
195100:23:01,542 --> 00:23:06,000
1952Maybe the Seychelles
1953or Cyprus or Tortola or...
1954
1955426
195600:23:15,792 --> 00:23:17,792
1957I know it's not what you were expecting.
1958
1959427
196000:23:19,125 --> 00:23:21,750
1961Well, none of this is expected.
1962
1963428
196400:23:22,125 --> 00:23:23,667
1965Take the money, El.
1966
1967429
196800:23:24,375 --> 00:23:25,625
1969Sign the release.
1970
1971430
197200:23:27,000 --> 00:23:31,000
1973Joe took really good care of you
1974with his life insurance.
1975
1976431
197700:23:31,500 --> 00:23:32,833
1978That and the settlement...
1979
1980432
198100:23:33,792 --> 00:23:35,125
1982Just take a trip.
1983
1984433
198500:23:35,208 --> 00:23:36,750
1986-[sighs]
1987-Miss some winter.
1988
1989434
199000:23:36,833 --> 00:23:39,583
1991Go somewhere that you always wanted.
1992
1993435
199400:23:42,125 --> 00:23:43,208
1995[man sighs]
1996
1997436
199800:23:43,292 --> 00:23:47,458
1999I mean, the damn insurance company
2000is the problem here.
2001
2002437
200300:23:48,625 --> 00:23:50,292
2004You know, I just don't--
2005I don't understand
2006
2007438
200800:23:50,375 --> 00:23:53,375
2009how they can just walk away
2010from any of this.
2011
2012439
201300:23:53,458 --> 00:23:56,708
2014The United Reinsurance Group of Nevis.
2015
2016440
201700:23:57,417 --> 00:24:00,167
2018[sighs]
2019They're the ones gettin' away with murder.
2020
2021441
202200:24:01,250 --> 00:24:03,250
2023Where in the world is Nevis?
2024
2025442
202600:24:03,500 --> 00:24:05,458
2027[scoffs] I don't know. Does it matter?
2028
2029443
203000:24:11,042 --> 00:24:12,375
2031[sighs]
2032
2033444
203400:24:33,208 --> 00:24:35,208
2035[jaunty flute music begins]
2036
2037445
203800:25:26,500 --> 00:25:28,500
2039[jaunty flute music continues]
2040
2041446
204200:25:33,792 --> 00:25:34,958
2043Where's Boncamper?
2044
2045447
204600:25:35,042 --> 00:25:37,875
2047-Miss, you can't-- Oh, my God!
2048-Where is he? I want him!
2049
2050448
205100:25:38,500 --> 00:25:39,833
2052[screaming]
2053
2054449
205500:25:39,917 --> 00:25:41,375
2056Where's Boncamper?
2057
2058450
205900:25:43,333 --> 00:25:44,458
2060Where is he?
2061
2062451
206300:25:44,708 --> 00:25:46,167
2064[people whimpering]
2065
2066452
206700:25:46,833 --> 00:25:47,958
2068[beeping]
2069
2070453
207100:25:53,250 --> 00:25:55,750
2072[woman on P.A.]
2073Ladies and gentlemen, welcome to Nevis.
2074
2075454
207600:25:55,833 --> 00:25:58,542
2077The local time is approximately 2:45 p.m.
2078
2079455
208000:25:59,167 --> 00:26:02,250
2081[woman] There is no
2082Global Property Owners Association,
2083
2084456
208500:26:02,458 --> 00:26:03,917
2086and there is no Monarch.
2087
2088457
208900:26:04,708 --> 00:26:06,000
2090Never really was.
2091
2092458
209300:26:07,125 --> 00:26:08,917
2094How is any of this possible?
2095
2096459
209700:26:09,000 --> 00:26:13,208
2098Purser backdated the letter to make it
2099look like he sent it before the accident
2100
2101460
210200:26:13,292 --> 00:26:14,667
2103so he wouldn't have to pay.
2104
2105461
210600:26:15,208 --> 00:26:16,750
2107What about United? Um...
2108
2109462
211000:26:16,833 --> 00:26:19,583
2111-They said United reinsured Monarch.
2112-No United, either.
2113
2114463
211500:26:20,125 --> 00:26:24,583
2116It's just a scam that goes from Houston
2117to the West Indies to Panama
2118
2119464
212000:26:24,667 --> 00:26:26,375
2121to some bank, who knows where.
2122
2123465
212400:26:27,208 --> 00:26:31,292
2125Looks like an 18 US code 1343, or 49.
2126
2127466
212800:26:33,833 --> 00:26:35,833
2129I'm sorry, 1340-what?
2130
2131467
213200:26:37,125 --> 00:26:38,125
2133Fraud.
2134
2135468
213600:26:41,208 --> 00:26:43,167
2137All I did wrong was try and save money.
2138
2139469
214000:26:46,042 --> 00:26:48,500
2141I tried to buy what I needed for less.
2142
2143470
214400:26:48,583 --> 00:26:49,583
2145That, and I...
2146
2147471
214800:26:51,042 --> 00:26:52,542
2149I trusted someone in...
2150
2151472
215200:26:54,917 --> 00:26:55,833
2153Houston.
2154
2155473
215600:26:57,208 --> 00:26:58,708
2157Is there even a Boncamper?
2158
2159474
216000:27:01,708 --> 00:27:02,708
2161Oh, yeah.
2162
2163475
216400:27:03,750 --> 00:27:05,083
2165There's a Boncamper.
2166
2167476
216800:27:06,417 --> 00:27:07,792
2169[woman] How long this time?
2170
2171477
217200:27:08,458 --> 00:27:09,583
2173[Irvin] Not sure.
2174
2175478
217600:27:10,958 --> 00:27:13,625
2177Three days. Maybe five.
2178
2179479
218000:27:14,458 --> 00:27:16,083
2181Clients coming in from Europe.
2182
2183480
218400:27:16,458 --> 00:27:17,417
2185Oh.
2186
2187481
218800:27:17,958 --> 00:27:19,042
2189Can I go?
2190
2191482
219200:27:19,875 --> 00:27:21,708
2193It's not vacation, Rich.
2194
2195483
219600:27:23,000 --> 00:27:27,750
2197If I bring you, I end up spending all
2198the money I make on the damn plane ticket.
2199
2200484
220100:27:27,833 --> 00:27:30,083
2202Come on, Dad, we can go to the uni.
2203
2204485
220500:27:30,583 --> 00:27:31,625
2206[chuckles]
2207
2208486
220900:27:31,708 --> 00:27:34,417
2210You-- You think I can afford
2211University Miami?
2212
2213487
221400:27:35,000 --> 00:27:36,750
2215You go there like every month, no?
2216
2217488
221800:27:37,000 --> 00:27:38,875
2219Why don't we get an apartment?
2220
2221489
222200:27:39,042 --> 00:27:40,958
2223In-state tuition is not that much.
2224
2225490
222600:27:41,042 --> 00:27:43,000
2227Oh, you know about the laws, do you?
2228
2229491
223000:27:43,625 --> 00:27:44,458
2231Mm?
2232
2233492
223400:27:46,625 --> 00:27:47,542
2235I do.
2236
2237493
223800:27:48,542 --> 00:27:52,750
2239I know all the residency laws.
2240That's what accountants know.
2241
2242494
224300:27:52,875 --> 00:27:55,042
2244Laws and taxes and banking.
2245
2246495
224700:27:55,708 --> 00:27:56,792
2248What do you know, eh?
2249
2250496
225100:27:57,583 --> 00:27:58,958
2252Basketball shoes?
2253
2254497
225500:28:01,667 --> 00:28:03,750
2256He want to see the world.
2257
2258498
225900:28:04,750 --> 00:28:06,417
2260Learn more about what you do.
2261
2262499
226300:28:07,417 --> 00:28:09,750
2264Maybe he can go into business
2265with you one day.
2266
2267500
226800:28:09,917 --> 00:28:12,292
2269Let him come along
2270and watch you at work, Irvin.
2271
2272501
227300:28:12,375 --> 00:28:13,625
2274Hmph. [tuts]
2275
2276502
227700:28:41,875 --> 00:28:44,875
2278Excuse me, sir. Sir? Can you help me?
2279
2280503
228100:28:45,333 --> 00:28:48,958
2282I'm lookin' for 556 Main Street.
2283
2284504
228500:28:49,333 --> 00:28:51,292
2286Yeah? The post office, in here.
2287
2288505
228900:28:51,375 --> 00:28:54,833
2290No, I'm looking
2291for the United Reinsurance Group,
2292
2293506
229400:28:55,375 --> 00:28:57,625
2295which is 556 Main Street.
2296
2297507
229800:28:58,833 --> 00:29:00,625
2299-Un-- United, you say?
2300-Yeah.
2301
2302508
230300:29:00,833 --> 00:29:02,417
2304-Mm-hm.
2305-I-- I-- I-- I think...
2306
2307509
230800:29:02,500 --> 00:29:05,000
2309I-- I think you must have
2310written down the wrong address.
2311
2312510
231300:29:05,083 --> 00:29:07,833
2314No, no, I looked it up.
2315It's United Reinsurance.
2316
2317511
231800:29:07,917 --> 00:29:12,333
2319They reinsure, uh, pleasure cruises
2320and I'm sure other things, but...
2321
2322512
232300:29:12,542 --> 00:29:16,292
2324I'm actually looking for a man
2325called Bonca-- Boncamper.
2326
2327513
232800:29:16,375 --> 00:29:17,333
2329[coughs]
2330
2331514
233200:29:19,458 --> 00:29:20,458
2333I don't know him.
2334
2335515
233600:29:36,333 --> 00:29:37,542
2337[girl] Daddy!
2338
2339516
234000:29:44,625 --> 00:29:45,708
2341Mr. Boncamper?
2342
2343517
234400:29:47,458 --> 00:29:48,458
2345Yes.
2346
2347518
234800:29:48,708 --> 00:29:51,833
2349Director of
2350the United Reinsurance Group of Nevis?
2351
2352519
235300:29:58,083 --> 00:30:01,167
2354Oh, my God, watch your sisters. Excuse me!
2355
2356520
235700:30:02,375 --> 00:30:03,625
2358Ma'am. Excuse me, ma'am.
2359
2360521
236100:30:03,708 --> 00:30:06,625
2362-Can you step away?
2363-I am his goddamn wife. Leave me alone.
2364
2365522
236600:30:07,208 --> 00:30:09,625
2367-Irvin.
2368-Vincelle Boncamper?
2369
2370523
237100:30:09,708 --> 00:30:10,667
2372Edith.
2373
2374524
237500:30:11,167 --> 00:30:14,333
2376Who the hell is Vincelle?
2377You people don't even know who he is.
2378
2379525
238000:30:14,792 --> 00:30:15,792
2381Irvin?
2382
2383526
238400:30:17,917 --> 00:30:19,333
2385Yeah. Edith?
2386
2387527
238800:30:21,667 --> 00:30:23,833
2389Can we speak privately for a moment?
2390
2391528
239200:30:35,667 --> 00:30:39,000
2393This woman, this is Vincelle Boncamper.
2394
2395529
239600:30:39,750 --> 00:30:41,917
2397-Your husband's other wife.
2398-What?
2399
2400530
240100:30:42,250 --> 00:30:45,333
2402Mr. Boncamper has another family.
2403They live in Nevis.
2404
2405531
240600:30:46,583 --> 00:30:47,958
2407You motherfucker!
2408
2409532
241000:30:48,208 --> 00:30:51,167
2411Get your hands off of me! You are dead!
2412
2413533
241400:30:51,583 --> 00:30:52,750
2415Gimme my kids.
2416
2417534
241800:30:54,250 --> 00:30:56,458
2419-Let's get him out of here. Let's go.
2420-Dear?
2421
2422535
242300:31:02,792 --> 00:31:05,833
2424[P.A.] Final boarding call
2425for American flight 1307 to Lima,
2426
2427536
242800:31:05,917 --> 00:31:07,833
2429now departing at gate J-5.
2430
2431537
243200:31:14,917 --> 00:31:15,750
2433[knocking]
2434
2435538
243600:31:15,833 --> 00:31:17,500
2437[woman] Excuse me. Mr. Mossack?
2438
2439539
244000:31:18,083 --> 00:31:19,125
2441Yes?
2442
2443540
244400:31:19,208 --> 00:31:21,833
2445Do you know the name
2446Malchus Irvin Boncamper?
2447
2448541
244900:31:22,708 --> 00:31:24,125
2450I'm not sure.
2451
2452542
245300:31:24,208 --> 00:31:25,958
2454Is it a real name?
2455
2456543
245700:31:26,583 --> 00:31:29,458
2458Yes, sir. It's a very real name.
2459
2460544
246100:31:30,500 --> 00:31:31,958
2462How might I know it?
2463
2464545
246500:31:32,042 --> 00:31:33,333
2466He's from Nevis.
2467
2468546
246900:31:33,958 --> 00:31:35,708
2470It's a lovely island.
2471
2472547
247300:31:36,333 --> 00:31:38,667
2474He was arrested
2475at Miami International Airport.
2476
2477548
247800:31:40,542 --> 00:31:42,292
2479I think he's going to go to jail.
2480
2481549
248200:31:43,583 --> 00:31:44,625
2483I see.
2484
2485550
248600:31:46,042 --> 00:31:50,208
2487Well, maybe you'll tell me how well
2488do we know Mr. Boncamper?
2489
2490551
249100:31:50,292 --> 00:31:53,625
2492He's director of 46 different
2493Mossack Fonseca companies.
2494
2495552
249600:31:54,042 --> 00:31:57,417
2497The Prague offices use him quite a bit.
2498
2499553
250000:31:58,417 --> 00:32:00,708
2501Well, we will want to change that.
2502
2503554
250400:32:01,292 --> 00:32:02,875
2505Change that now?
2506
2507555
250800:32:03,792 --> 00:32:06,792
2509Can't really go back in time.
2510He's all over the books.
2511
2512556
251300:32:07,417 --> 00:32:11,667
2514Well, some people believe
2515that time is just an illusion.
2516
2517557
251800:32:12,458 --> 00:32:15,333
2519That all moments are the same moment.
2520
2521558
252200:32:16,500 --> 00:32:20,958
2523I think it might be bad for us
2524to do something like that.
2525
2526559
252700:32:22,917 --> 00:32:23,875
2528Bad? [chuckles]
2529
2530560
253100:32:25,625 --> 00:32:26,792
2532[sighs] "Bad" is...
2533
2534561
253500:32:27,333 --> 00:32:29,375
2536It's such a big word
2537
2538562
253900:32:30,292 --> 00:32:32,375
2540for being such a small word.
2541
2542563
254300:32:33,292 --> 00:32:34,583
2544[man] You did-- You did what?
2545
2546564
254700:32:34,667 --> 00:32:40,042
2548I went to the... [sighs] Clark County
2549Registrar to get the name of the buyer.
2550
2551565
255200:32:40,125 --> 00:32:41,917
2553-Yeah?
2554-Yeah.
2555
2556566
255700:32:42,000 --> 00:32:43,667
2558And I found out it's a company.
2559
2560567
256100:32:44,500 --> 00:32:47,083
2562New Century Enterprises of Panama.
2563
2564568
256500:32:47,167 --> 00:32:48,667
2566Wait, I thought you said it was Russia.
2567
2568569
256900:32:48,750 --> 00:32:50,750
2570-Russians with cash.
2571-No, that's what Hannah told me.
2572
2573570
257400:32:50,833 --> 00:32:53,208
2575-Hannah who?
2576-She's the realtor with the tight dresses.
2577
2578571
257900:32:53,292 --> 00:32:57,042
2580Anyway, I looked up
2581New Century Enterprises,
2582
2583572
258400:32:57,125 --> 00:33:00,292
2585and turns out it's controlled by a trust,
2586something called a trust.
2587
2588573
258900:33:00,375 --> 00:33:02,875
2590-A trust is like a fiduciary agreement--
2591-I know what a trust is.
2592
2593574
259400:33:02,958 --> 00:33:05,292
2595-A third party can-- Okay.
2596-I know what a trust is, I know--
2597
2598575
259900:33:05,375 --> 00:33:08,750
2600So the director of both New Century
2601and the trust...
2602
2603576
260400:33:08,833 --> 00:33:10,125
2605-[sighs]
2606-...is a woman.
2607
2608577
260900:33:10,208 --> 00:33:12,458
2610A woman named Mia Beltran.
2611
2612578
261300:33:12,542 --> 00:33:15,583
2614Mia Bel-- Okay, is that
2615a name that I should know?
2616
2617579
261800:33:15,667 --> 00:33:19,208
2619[laughing]
2620Well, she is obviously very powerful.
2621
2622580
262300:33:19,292 --> 00:33:21,792
2624She is the director of numerous companies.
2625
2626581
262700:33:21,875 --> 00:33:23,375
2628-All her companies...
2629-[sighs]
2630
2631582
263200:33:23,458 --> 00:33:26,125
2633...are registered
2634to the same law firm,
2635
2636583
263700:33:26,208 --> 00:33:27,208
2638in Panama.
2639
2640584
264100:33:27,292 --> 00:33:28,833
2642Mossack and Fonseca.
2643
2644585
264500:33:28,917 --> 00:33:30,417
2646[murmur of voices]
2647
2648586
264900:33:41,542 --> 00:33:43,375
2650Our database shows that you are
2651
2652587
265300:33:43,458 --> 00:33:46,333
2654the director of New Century Enterprises?
2655
2656588
265700:33:47,042 --> 00:33:48,542
2658I am, sir, yes.
2659
2660589
266100:33:48,625 --> 00:33:51,625
2662They have purchased multiple properties
2663in Las Vegas.
2664
2665590
266600:33:51,708 --> 00:33:54,042
2667I need these signed, immediately.
2668
2669591
267000:33:54,917 --> 00:33:56,667
2671[woman] Moussaka Fusaka?
2672
2673592
267400:33:57,375 --> 00:33:58,375
2675Oh, wait.
2676
2677593
267800:33:58,458 --> 00:34:01,375
2679Is that the new goalie for the Red Wings?
2680Canadian kid?
2681
2682594
268300:34:01,458 --> 00:34:05,875
2684No, no, no. No. No.
2685It's not a who. It's a law firm.
2686
2687595
268800:34:06,833 --> 00:34:08,792
2689In Panama. Okay?
2690
2691596
269200:34:08,875 --> 00:34:12,792
2693They even have a motto:
2694"The wealth management you deserve."
2695
2696597
269700:34:14,083 --> 00:34:15,708
2698I read that. I-- I looked it up.
2699
2700598
270100:34:16,167 --> 00:34:18,500
2702And our readers need
2703to know about them why?
2704
2705599
270600:34:18,583 --> 00:34:21,958
2707As far as I can see,
2708what they do is they set up companies.
2709
2710600
271100:34:22,125 --> 00:34:25,667
2712Uh, not real companies
2713like a hotel or a... hardware store.
2714
2715601
271600:34:25,750 --> 00:34:29,583
2717They-- They set up, uh, what they call
2718a "shell", and they sell shells.
2719
2720602
272100:34:30,083 --> 00:34:31,625
2722Not actual shells.
2723
2724603
272500:34:31,708 --> 00:34:33,583
2726I'm-- I'm sorry, you lost me. I--
2727
2728604
272900:34:34,208 --> 00:34:38,708
2730[clears throat] When there's an accident,
2731like the one that took Joe and Barb,
2732
2733605
273400:34:39,542 --> 00:34:41,792
2735there's nobody
2736that we can hold accountable.
2737
2738606
273900:34:41,875 --> 00:34:43,917
2740There's nobody that we can, uh...
2741
2742607
274300:34:44,000 --> 00:34:47,458
2744ask questions, and... and...
2745and find out what happens next, you know?
2746
2747608
274800:34:48,000 --> 00:34:49,042
2749It's just, uh...
2750
2751609
275200:34:50,208 --> 00:34:51,333
2753just empty shells.
2754
2755610
275600:34:51,708 --> 00:34:55,125
2757You see? It's just empty.
2758It's just shells.
2759
2760611
276100:34:55,208 --> 00:34:57,208
2762That's the story? Empty shells?
2763
2764612
276500:34:57,292 --> 00:34:59,250
2766Oh, no, no, the story is somebody died!
2767
2768613
276900:34:59,333 --> 00:35:02,500
2770And somebody's making money from it,
2771maybe lots of people.
2772
2773614
277400:35:03,833 --> 00:35:04,875
2775Right?
2776
2777615
277800:35:05,833 --> 00:35:09,917
2779That's why we brought it to you.
2780Somebody has to sound the alarm.
2781
2782616
278300:35:10,625 --> 00:35:13,583
2784W-- We like to focus on stories
2785that are closer to home.
2786
2787617
278800:35:14,792 --> 00:35:17,167
2789Where did you say
2790this company is located again?
2791
2792618
279300:35:19,125 --> 00:35:20,208
2794Panama.
2795
2796619
279700:35:20,792 --> 00:35:21,958
2798Like the hat.
2799
2800620
280100:35:29,417 --> 00:35:31,833
2802[speaking Spanish]
2803Jesus Christ, fix the goddamn roads. Fuck.
2804
2805621
280600:35:31,917 --> 00:35:34,667
2807Is it the road or bus
2808that has to be fixed?
2809
2810622
281100:35:34,750 --> 00:35:35,792
2812Both.
2813
2814623
281500:35:42,583 --> 00:35:43,583
2816[sighing]
2817
2818624
281900:35:45,708 --> 00:35:47,708
2820[door creaking open]
2821
2822625
282300:35:48,250 --> 00:35:50,208
2824Seems like we're not going anywhere.
2825
2826626
282700:35:50,750 --> 00:35:51,708
2828You can get off.
2829
2830627
283100:35:53,542 --> 00:35:54,375
2832Let's go.
2833
2834628
283500:35:54,583 --> 00:35:56,333
2836[passengers grumbling]
2837
2838629
283900:36:11,708 --> 00:36:12,625
2840[rattling]
2841
2842630
284300:36:16,417 --> 00:36:18,292
2844[crackling]
2845
2846631
284700:36:22,542 --> 00:36:24,125
2848[people yelling in Spanish]
2849
2850632
285100:36:24,417 --> 00:36:27,458
2852She was the director of 25,000 companies.
2853
2854633
285500:36:27,958 --> 00:36:29,958
2856-Mia Beltran.
2857-[Mossack] Scheiße.
2858
2859634
286000:36:30,375 --> 00:36:35,625
2861Now we need 25,000 forms
2862changing the director of these companies.
2863
2864635
286500:36:36,042 --> 00:36:39,000
2866[woman] Mossack Fonseca.
2867How may I direct your call, please?
2868
2869636
287000:36:39,458 --> 00:36:40,625
2871Oh, hello.
2872
2873637
287400:36:40,708 --> 00:36:43,083
2875Yes, I would like
2876to speak with Mr. Mossack, please.
2877
2878638
287900:36:43,167 --> 00:36:44,917
2880-Spanish.
2881-Por favor.
2882
2883639
288400:36:45,958 --> 00:36:49,042
2885No, he is in a meeting now.
2886Not taking calls.
2887
2888640
288900:36:49,417 --> 00:36:51,375
2890-He's meeting.
2891-Ask for the other one.
2892
2893641
289400:36:51,458 --> 00:36:54,750
2895Um... OK--
2896May I speak with Mr. Fonseca, please?
2897
2898642
289900:36:55,458 --> 00:36:59,917
2900He is in a meeting now too. Same meeting.
2901Maybe if I take a message...
2902
2903643
290400:37:00,625 --> 00:37:02,083
2905Uh, this is Ellen Martin.
2906
2907644
290800:37:02,167 --> 00:37:04,417
2909I am the widow of Joe Mart--
2910
2911645
291200:37:04,875 --> 00:37:06,875
2913-I don't know what kind of outfit...
2914-[clears throat]
2915
2916646
291700:37:06,958 --> 00:37:10,125
2918...those men are running down there,
2919with all these meetings and what have you,
2920
2921647
292200:37:10,208 --> 00:37:11,375
2923-but I was--
2924-Give me a moment.
2925
2926648
292700:37:11,458 --> 00:37:13,333
2928Okay, you know-- Okay. Here's the message.
2929
2930649
293100:37:13,875 --> 00:37:16,333
2932Congratulations, Elena.
2933You've been promoted.
2934
2935650
293600:37:16,417 --> 00:37:17,667
2937-... pain and suffering...
2938-What?
2939
2940651
294100:37:17,750 --> 00:37:18,708
2942-Mm-hm.
2943-...they cause...
2944
2945652
294600:37:18,792 --> 00:37:21,083
2947-Oh, my God. I am so sorry, I have to go.
2948-...in Michigan...
2949
2950653
295100:37:21,167 --> 00:37:22,083
2952-Hello?
2953-[chuckles]
2954
2955654
295600:37:22,667 --> 00:37:24,250
2957Wow.
2958
2959655
296000:37:25,167 --> 00:37:27,542
2961-I told you. I told you.
2962-[Melanie] What?
2963
2964656
296500:37:27,833 --> 00:37:29,375
2966-They hang up on you.
2967-Hello?
2968
2969657
297000:37:30,708 --> 00:37:32,250
2971-They hang up on you.
2972-[sighs]
2973
2974658
297500:37:32,917 --> 00:37:34,792
2976Okay, let's try again.
2977
2978659
297900:37:37,958 --> 00:37:39,500
2980Here are some forms.
2981
2982660
298300:37:39,583 --> 00:37:42,500
2984You just sign on the line.
2985Your name. Understand?
2986
2987661
298800:37:43,333 --> 00:37:44,917
2989No... No entiendo.
2990
2991662
299200:37:45,000 --> 00:37:47,042
2993Sign with your name. Here. That's all.
2994
2995663
299600:37:47,125 --> 00:37:48,708
2997-All of them?
2998-Yes, all of them.
2999
3000664
300100:37:48,792 --> 00:37:50,875
3002But what--
3003I don't know what it is I'm signing.
3004
3005665
300600:37:50,958 --> 00:37:52,625
3007They're just some forms.
3008
3009666
301000:37:52,708 --> 00:37:53,833
3011Just, on each one.
3012
3013667
301400:37:53,917 --> 00:37:54,958
3015Oh, okay.
3016
3017668
301800:37:55,042 --> 00:37:56,625
3019-Thank you.
3020-Okay.
3021
3022669
302300:37:57,083 --> 00:37:58,167
3024[clears throat]
3025
3026670
302700:38:10,958 --> 00:38:15,667
3028So how did I end up here in Panama?
3029
3030671
303100:38:16,167 --> 00:38:18,875
3032I don't look Latin to you.
3033
3034672
303500:38:18,958 --> 00:38:22,125
3036Not like my... my partner, Ramón.
3037
3038673
303900:38:22,958 --> 00:38:26,125
3040Well, like many Germans,
3041my father, Erhard,
3042
3043674
304400:38:26,208 --> 00:38:29,333
3045moved us here after the Second World War.
3046
3047675
304800:38:29,917 --> 00:38:32,458
3049Er, why? Ah, you may ask.
3050
3051676
305200:38:33,250 --> 00:38:36,292
3053My, uh, my father taught me the...
3054
3055677
305600:38:37,000 --> 00:38:40,125
3057the value of, uh, privacy
3058from an early age.
3059
3060678
306100:38:41,375 --> 00:38:44,083
3062I was... I was a good student.
3063
3064679
306500:38:44,167 --> 00:38:47,750
3066I went to law school,
3067got a job working in a large firm.
3068
3069680
307000:38:48,333 --> 00:38:49,542
3071I excelled.
3072
3073681
307400:38:49,792 --> 00:38:52,208
3075But very soon,
3076I felt like all the other sheep,
3077
3078682
307900:38:52,333 --> 00:38:55,875
3080uh, every day obediently going to work
3081
3082683
308300:38:56,417 --> 00:38:58,458
3084and never leaving a mark.
3085
3086684
308700:38:59,333 --> 00:39:01,833
3088So I started, uh my own firm.
3089
3090685
309100:39:02,250 --> 00:39:06,667
3092And, uh, one day, I-- I--
3093I met a very impressive attorney
3094
3095686
309600:39:06,750 --> 00:39:11,500
3097who had recently left the employ
3098of the United Nations.
3099
3100687
310100:39:12,417 --> 00:39:14,958
3102[speaking Spanish]
3103
3104688
310500:39:16,000 --> 00:39:20,583
3106because the Lord hath anointed me
3107to preach good tidings unto the meek.
3108
3109689
311000:39:21,208 --> 00:39:25,708
3111He hath sent me
3112to bind up the brokenhearted,
3113
3114690
311500:39:26,167 --> 00:39:29,167
3116to proclaim liberty to the captives,
3117
3118691
311900:39:29,875 --> 00:39:32,708
3120and the opening of the prison to them
3121that are bound.
3122
3123692
312400:39:33,458 --> 00:39:36,417
3125Isaiah sixty-one: one.
3126
3127693
312800:39:38,750 --> 00:39:42,792
3129Father Hector Gallego
3130said that to me when I was, ah, 16.
3131
3132694
313300:39:45,583 --> 00:39:49,750
3134The theology of liberation
3135is what the Catholics called it.
3136
3137695
313800:39:51,250 --> 00:39:52,333
3139The meek.
3140
3141696
314200:39:52,625 --> 00:39:54,667
3143They were supposed to inherit the earth.
3144
3145697
314600:39:56,375 --> 00:39:58,708
3147Doesn't seem it worked out that way to me.
3148
3149698
315000:40:00,333 --> 00:40:04,333
3151Father Gallego, up there,
3152was kidnapped and killed by the army
3153
3154699
315500:40:04,875 --> 00:40:06,750
3156for causing problems in Panama.
3157
3158700
315900:40:08,583 --> 00:40:09,583
3160He's gone.
3161
3162701
316300:40:10,750 --> 00:40:11,917
3164But the meek,
3165
3166702
316700:40:13,708 --> 00:40:14,875
3168they're still around.
3169
3170703
317100:40:21,333 --> 00:40:23,833
3172So I went to law school instead.
3173
3174704
317500:40:24,667 --> 00:40:27,750
3176I thought, uh, maybe the meek needed
3177a better lawyer.
3178
3179705
318000:40:28,250 --> 00:40:32,625
3181Now, in 1972,
3182I went to work for the United Nations.
3183
3184706
318500:40:32,958 --> 00:40:35,042
3186I wanted to save the world.
3187
3188707
318900:40:35,792 --> 00:40:37,083
3190Saving the world,
3191
3192708
319300:40:37,167 --> 00:40:40,292
3194as it turns out, is very hard, you know?
3195
3196709
319700:40:40,667 --> 00:40:45,708
3198Long hours, bad pay, and perhaps
3199the world does not want to be saved.
3200
3201710
320200:40:45,792 --> 00:40:48,458
3203Inside all of us,
3204there are packs of wolves,
3205
3206711
320700:40:48,542 --> 00:40:51,375
3208some flocks of sheep
3209roaming through our thoughts.
3210
3211712
321200:40:51,458 --> 00:40:54,333
3213We want to be fair,
3214and yet, we want to win.
3215
3216713
321700:40:54,708 --> 00:40:58,000
3218We want to be righteous,
3219but we want to get ahead.
3220
3221714
322200:40:58,083 --> 00:41:00,167
3223-Such is our struggle.
3224-[animal bleating]
3225
3226715
322700:41:00,250 --> 00:41:02,542
3228Uh, at some point, you decide
3229
3230716
323100:41:03,292 --> 00:41:05,500
3232it might just be easier to save yourself.
3233
3234717
323500:41:06,250 --> 00:41:09,792
3236So, I became a lawyer for the not-so-meek.
3237
3238718
323900:41:10,042 --> 00:41:13,167
3240And that's about the time
3241I met Jürgen Mossack.
3242
3243719
324400:41:16,000 --> 00:41:19,125
3245From our humble beginnings,
3246
3247720
324800:41:19,833 --> 00:41:24,208
3249Mossack Fonseca grew to have offices
3250in over 50 countries,
3251
3252721
325300:41:25,167 --> 00:41:31,208
3254servicing over 240,000 offshore companies,
3255
3256722
325700:41:31,625 --> 00:41:33,917
3258foundations, and trusts.
3259
3260723
326100:41:34,000 --> 00:41:37,208
3262Located in places like
3263the British Virgin Islands,
3264
3265724
326600:41:37,292 --> 00:41:42,000
3267the Bahamas, Cyprus, Samoa, Nui, Nevada.
3268
3269725
327000:41:42,417 --> 00:41:47,875
3271Uh, places that are-- are not blessed with
3272natural resources or industry.
3273
3274726
327500:41:47,958 --> 00:41:50,417
3276So, what do all of those companies do?
3277
3278727
327900:41:50,500 --> 00:41:53,667
3280Most of the time, we don't even know.
3281
3282728
328300:41:55,250 --> 00:41:56,250
3284[knock at door]
3285
3286729
328700:41:56,542 --> 00:41:58,333
3288Excuse me. Mr. Mossack?
3289
3290730
329100:41:58,625 --> 00:41:59,500
3292Yes?
3293
3294731
329500:41:59,583 --> 00:42:04,292
3296There is a... There is a company
3297that we set up in Costa Rica.
3298
3299732
330000:42:04,667 --> 00:42:06,583
3301-Are you familiar?
3302-[sighs]
3303
3304733
330500:42:06,750 --> 00:42:09,833
3306It owns a number of assets, real estate.
3307
3308734
330900:42:10,208 --> 00:42:11,333
3310Mm. And?
3311
3312735
331300:42:11,625 --> 00:42:14,417
3314Uh, so, yeah, the government of Costa Rica
3315
3316736
331700:42:14,500 --> 00:42:19,333
3318wants to take back one of the homes
3319for their Olympic team or...
3320
3321737
332200:42:19,625 --> 00:42:23,167
3323Has the, uh, beneficial owner
3324instructed us to do so?
3325
3326738
332700:42:23,333 --> 00:42:26,125
3328Yeah, the beneficial owner
3329is a Mexican man.
3330
3331739
333200:42:27,500 --> 00:42:29,542
3333They say he is in jail.
3334
3335740
333600:42:30,625 --> 00:42:31,625
3337[gasps] Aah!
3338
3339741
334000:42:32,375 --> 00:42:35,125
3341[UB40] ♪ Red, red wine ♪
3342
3343742
334400:42:37,958 --> 00:42:40,708
3345-♪ Goes to my head ♪
3346-You know, Neil Diamond wrote this.
3347
3348743
334900:42:40,792 --> 00:42:41,667
3350[glass clinking]
3351
3352744
335300:42:41,750 --> 00:42:42,750
3354-Yeah.
3355-Seriously?
3356
3357745
335800:42:42,833 --> 00:42:44,458
3359-Yeah.
3360-When?
3361
3362746
336300:42:45,417 --> 00:42:48,417
3364I don't know.
3365Would've been sometime before this.
3366
3367747
336800:42:49,208 --> 00:42:50,917
3369This doesn't sound like Neil Diamond.
3370
3371748
337200:42:51,000 --> 00:42:53,250
3373I know. It's his mastery of...
3374
3375749
337600:42:53,708 --> 00:42:56,583
3377♪ Red, red wine ♪
3378
3379750
338000:42:56,667 --> 00:42:58,167
3381...different styles of music.
3382
3383751
338400:42:58,458 --> 00:43:00,292
3385-He can pull off everything.
3386-Huh!
3387
3388752
338900:43:00,375 --> 00:43:01,667
3390-Neil Diamond.
3391-Yeah.
3392
3393753
339400:43:01,750 --> 00:43:03,042
3395I never woulda guessed that.
3396
3397754
339800:43:04,333 --> 00:43:05,875
3399Hey, you wanna get outta here?
3400
3401755
340200:43:05,958 --> 00:43:08,375
3403Uh, yeah, I just wanna hit el baño first.
3404
3405756
340600:43:09,167 --> 00:43:11,208
3407-Do I tip him?
3408-Uh...
3409
3410757
341100:43:11,375 --> 00:43:13,000
3412-Yeah.
3413-Yeah. Okay.
3414
3415758
341600:43:15,292 --> 00:43:16,417
3417[knocking]
3418
3419759
342000:43:21,375 --> 00:43:23,167
3421♪ Life is fine ♪
3422
3423760
342400:43:24,125 --> 00:43:25,917
3425♪ Every time ♪
3426
3427761
342800:43:28,625 --> 00:43:33,000
3429Oh, uh, sorry, amigos.
3430Ju-- Lookin' for el baño?
3431
3432762
343300:43:37,875 --> 00:43:39,958
3434[Mossack] Oh! Pablo Escobar is like a...
3435
3436763
343700:43:40,792 --> 00:43:44,333
3438child nursing at his mother's tit
3439compared to this man.
3440
3441764
344200:43:44,417 --> 00:43:47,333
3443I don't want to be one of those people
3444he visits when he gets out of jail.
3445
3446765
344700:43:47,417 --> 00:43:50,083
3448May-- Maybe it's better
3449if he keeps his house!
3450
3451766
345200:43:50,167 --> 00:43:51,708
3453-Keeps his house and--
3454-Oh, no, I mean...
3455
3456767
345700:43:51,792 --> 00:43:53,417
3458What? Wh-- Wh-- What?
3459
3460768
346100:43:53,500 --> 00:43:56,833
3462You-- You think we know everyone
3463we created a company for?
3464
3465769
346600:43:57,375 --> 00:43:58,625
3467Huh? [panting]
3468
3469770
347000:43:58,708 --> 00:44:01,542
3471Did we happen to mention
3472we are in this for the money?
3473
3474771
347500:44:01,625 --> 00:44:02,625
3476-Mm.
3477-Yeah.
3478
3479772
348000:44:02,708 --> 00:44:05,083
3481Are some of our clients criminals?
3482
3483773
348400:44:05,167 --> 00:44:10,542
3485Or drug lords,
3486uh, sex traffickers, gun runners,
3487
3488774
348900:44:10,625 --> 00:44:12,792
3490uh, destroyers of the planet?
3491
3492775
349300:44:12,875 --> 00:44:15,542
3494[Fonseca] No, like I said,
3495we would prefer not to know.
3496
3497776
349800:44:15,625 --> 00:44:17,292
3499-Mm-hm.
3500-[sighs] And remember,
3501
3502777
350300:44:18,083 --> 00:44:20,208
3504before we created a company for them,
3505
3506778
350700:44:20,583 --> 00:44:22,708
3508a lawyer sent them to us.
3509
3510779
351100:44:22,792 --> 00:44:27,375
3512Yeah, and before that, a--
3513a banker sent them to the lawyer!
3514
3515780
351600:44:29,167 --> 00:44:32,958
3517[Fonseca] To be fair, many of our clients
3518are upstanding citizens.
3519
3520781
352100:44:33,750 --> 00:44:35,917
3522[Mossack] This man, Charles, for example.
3523
3524782
352500:44:36,500 --> 00:44:40,500
3526He is a legitimate business man
3527with a loving family.
3528
3529783
353000:44:40,708 --> 00:44:42,875
3531[Fonseca] His daughter
3532is graduating from university,
3533
3534784
353500:44:42,958 --> 00:44:45,750
3536and we helped him create a trust for her.
3537
3538785
353900:44:45,958 --> 00:44:50,333
3540[Mossack] Shouldn't Charles have access
3541to all the financial instruments available
3542
3543786
354400:44:50,417 --> 00:44:52,583
3545to help him and his loved ones?
3546
3547787
354800:44:52,667 --> 00:44:55,042
3549[Fonseca] He would never dream
3550of breaking the law.
3551
3552788
355300:44:55,125 --> 00:44:57,125
3554We really don't see a problem here.
3555
3556789
355700:44:57,500 --> 00:44:59,833
3558[Mossack]
3559The only thing Charles is guilty of
3560
3561790
356200:44:59,917 --> 00:45:02,917
3563is taking good care of his wife
3564and his daughter.
3565
3566791
356700:45:03,208 --> 00:45:05,542
3568But you never see that in the headline.
3569
3570792
357100:45:17,958 --> 00:45:19,625
3572♪ And I ain't paid my rent this month ♪
3573
3574793
357500:45:19,708 --> 00:45:21,000
3576♪ I owe that ♪
3577
3578794
357900:45:21,542 --> 00:45:23,625
3580♪ But fuck who you want
3581And fuck who you like ♪
3582
3583795
358400:45:23,708 --> 00:45:25,500
3585♪ Dance all ya life
3586There's no end in sight ♪
3587
3588796
358900:45:25,625 --> 00:45:27,833
3590♪ Twinkle, twinkle, little star ♪
3591
3592797
359300:45:28,625 --> 00:45:30,708
3594♪ Now everybody, let me hear you say
3595Ray, ray, ray ♪
3596
3597798
359800:45:30,792 --> 00:45:32,667
3599♪ And spend all your money
3600'Cause today payday ♪
3601
3602799
360300:45:32,750 --> 00:45:34,583
3604♪ And if you a G, you a G-G-G ♪
3605
3606800
360700:45:34,667 --> 00:45:36,458
3608♪ My name is Onika
3609You can call me Nicki ♪
3610
3611801
361200:45:36,542 --> 00:45:38,417
3613♪ Get on the floor, floor ♪
3614
3615802
361600:45:38,500 --> 00:45:40,250
3617♪ Like it's your last chance ♪
3618
3619803
362000:45:40,333 --> 00:45:42,500
3621♪ If you want more, more ♪
3622
3623804
362400:45:42,625 --> 00:45:44,333
3625♪ Then here I am ♪
3626
3627805
362800:45:45,292 --> 00:45:49,042
3629♪ Starships are meant to fly ♪
3630
3631806
363200:45:49,125 --> 00:45:52,667
3633♪ Hands up and touch the sky ♪
3634
3635807
363600:45:53,583 --> 00:45:54,833
3637[chuckles]
3638
3639808
364000:45:55,333 --> 00:45:56,958
3641How do you like your headphones?
3642
3643809
364400:45:57,125 --> 00:45:59,250
3645-What?
3646-Don't drop those in the water.
3647
3648810
364900:45:59,333 --> 00:46:00,500
3650They're not waterproof?
3651
3652811
365300:46:00,792 --> 00:46:01,792
3654They're gold.
3655
3656812
365700:46:02,208 --> 00:46:03,375
3658Is gold waterproof?
3659
3660813
366100:46:03,833 --> 00:46:04,667
3662[laughs]
3663
3664814
366500:46:08,375 --> 00:46:09,708
3666What are you listening to?
3667
3668815
366900:46:10,042 --> 00:46:10,875
3670A song.
3671
3672816
367300:46:11,667 --> 00:46:14,167
3674What kind of music do you like?
3675Play me somethin'.
3676
3677817
367800:46:18,625 --> 00:46:20,625
3679[jazz plays]
3680
3681818
368200:46:22,500 --> 00:46:24,125
3683-Hm-hm!
3684-[laughs]
3685
3686819
368700:46:24,500 --> 00:46:27,708
3688-Mmm!
3689-Ooh!
3690
3691820
369200:46:29,000 --> 00:46:30,167
3693-Oh!
3694-Mm!
3695
3696821
369700:46:31,500 --> 00:46:34,583
3698-Mm!
3699-♪ Love for sale ♪
3700
3701822
370200:46:34,792 --> 00:46:37,000
3703You don't know about this type of music.
3704[chuckles]
3705
3706823
370700:46:38,708 --> 00:46:40,708
3708[loud hip-hop playing from speakers]
3709
3710824
371100:46:44,083 --> 00:46:45,375
3712Hey, it's Astrid.
3713
3714825
371500:46:45,458 --> 00:46:47,667
3716Can't get to the phone
3717'cause I'm having fun.
3718
3719826
372000:46:47,750 --> 00:46:49,208
3721Leave me a message. Bye.
3722
3723827
372400:46:49,292 --> 00:46:50,875
3725-[beep]
3726-Oh, hey, hey, As!
3727
3728828
372900:46:50,958 --> 00:46:55,708
3730So, I decided to skip class
3731'cause you know we are graduating!
3732
3733829
373400:46:56,292 --> 00:46:58,792
3735Anyway, I just stopped by
3736my parents' house before my mom gets in,
3737
3738830
373900:46:58,875 --> 00:47:00,750
3740so call me, babe.
3741
3742831
374300:47:00,833 --> 00:47:01,917
3744Okay, bye. Bye.
3745
3746832
374700:47:19,625 --> 00:47:21,917
3748[sports commentary on TV]
3749
3750833
375100:47:22,000 --> 00:47:22,917
3752Astrid?
3753
3754834
375500:47:24,375 --> 00:47:27,000
3756♪ Old love, new love ♪
3757
3758835
375900:47:27,083 --> 00:47:30,833
3760♪ Every love but true love ♪
3761
3762836
376300:47:31,375 --> 00:47:32,917
3764[laughter]
3765
3766837
376700:47:34,833 --> 00:47:38,500
3768-♪ Every kind of love for sale ♪
3769-[grunting]
3770
3771838
377200:47:40,250 --> 00:47:42,667
3773What the actual fuck?
3774
3775839
377600:47:43,000 --> 00:47:45,458
3777-[chuckles]
3778-Be careful, huh?
3779
3780840
378100:47:46,333 --> 00:47:50,833
3782♪ Love for sale ♪
3783
3784841
378500:47:51,333 --> 00:47:52,292
3786[grunts]
3787
3788842
378900:47:55,958 --> 00:47:57,500
3790[sobbing]
3791
3792843
379300:47:57,583 --> 00:47:59,542
3794I-- I'm sure you have questions for me.
3795
3796844
379700:48:00,500 --> 00:48:02,083
3798-Simone.
3799-My roommate?
3800
3801845
380200:48:02,458 --> 00:48:04,083
3803I didn't mean for this to happen.
3804
3805846
380600:48:04,167 --> 00:48:06,042
3807You fucking creep.
3808Yeah, I bet Mum didn't either.
3809
3810847
381100:48:06,125 --> 00:48:07,917
3812I'd like to speak to your mother
3813before you do.
3814
3815848
381600:48:08,000 --> 00:48:11,083
3817-I think that's best for everyone.
3818-Yeah, 'cause you're the expert on that.
3819
3820849
382100:48:11,167 --> 00:48:12,333
3822On what's best.
3823
3824850
382500:48:12,417 --> 00:48:15,458
3826Why can't we agree
3827that I will speak to her before you do?
3828
3829851
383000:48:16,083 --> 00:48:19,042
3831[sobs] Why don't you go and stay
3832in my dorm room with Astrid
3833
3834852
383500:48:19,125 --> 00:48:21,125
3836and get the hell away from me?
3837
3838853
383900:48:26,667 --> 00:48:28,333
3840-[man] Bruno Mars is here.
3841-[woman] What?
3842
3843854
384400:48:28,417 --> 00:48:30,333
3845-No way, seriously?
3846-[man] So...
3847
3848855
384900:48:30,417 --> 00:48:32,833
3850Just head into the house,
3851through those doors,
3852
3853856
385400:48:32,917 --> 00:48:34,625
3855-to the back yard.
3856-Thank you.
3857
3858857
385900:48:34,708 --> 00:48:36,917
3860-Thank you so much.
3861-All right, welcome.
3862
3863858
386400:48:37,542 --> 00:48:39,000
3865Straight to the back yard.
3866
3867859
386800:48:39,083 --> 00:48:40,500
3869I was not expecting this.
3870
3871860
387200:48:40,833 --> 00:48:42,208
3873Guys, you have no idea.
3874
3875861
387600:48:42,333 --> 00:48:44,542
3877-Right?
3878-Yeah, I'm just dying to meet him.
3879
3880862
388100:48:45,542 --> 00:48:47,875
3882-Hey, where are you going?
3883-I'm going back to Africa.
3884
3885863
388600:48:47,958 --> 00:48:51,208
3887Okay, Marcus Garvey, slow down.
3888You're not doing that.
3889
3890864
389100:48:51,292 --> 00:48:52,292
3892Yes, I am.
3893
3894865
389500:48:53,417 --> 00:48:55,667
3896Your mother's been looking forward to this
3897for a long time.
3898
3899866
390000:48:55,792 --> 00:48:56,708
3901Has she?
3902
3903867
390400:48:57,167 --> 00:49:00,917
3905How long has she been looking forward to
3906learning you've been banging my roommate?
3907
3908868
390900:49:01,542 --> 00:49:04,458
3910Her whole life, I bet.
3911It's like a dream come true.
3912
3913869
391400:49:05,917 --> 00:49:08,167
3915-I'll meet her at the airport.
3916-Okay, stop.
3917
3918870
391900:49:09,250 --> 00:49:10,500
3920Not another word.
3921
3922871
392300:49:20,125 --> 00:49:22,792
3924You graduate this weekend
3925from an American university.
3926
3927872
392800:49:23,792 --> 00:49:26,417
3929How many children from our country
3930get to come here?
3931
3932873
393300:49:27,292 --> 00:49:31,583
3934You take your summers in Ibiza.
3935And Croatia and Monaco, not in a factory.
3936
3937874
393800:49:32,250 --> 00:49:34,542
3939You have a $100,000 car in the driveway.
3940
3941875
394200:49:34,625 --> 00:49:36,500
3943You have a job waiting for you
3944in Cape Town,
3945
3946876
394700:49:36,583 --> 00:49:38,708
3948or in Paris,
3949or wherever you want it to be.
3950
3951877
395200:49:38,792 --> 00:49:42,458
3953Your life, your whole world up
3954until this moment,
3955
3956878
395700:49:42,708 --> 00:49:44,375
3958was more or less perfect.
3959
3960879
396100:49:45,292 --> 00:49:47,458
3962Except for the time
3963we had to put down your horse
3964
3965880
396600:49:47,542 --> 00:49:49,375
3967when it fell jumping over a steeple.
3968
3969881
397000:49:51,458 --> 00:49:53,000
3971This is adulthood.
3972
3973882
397400:49:53,875 --> 00:49:54,792
3975Welcome.
3976
3977883
397800:49:56,208 --> 00:49:58,750
3979It's filled with disappointments
3980and negotiations.
3981
3982884
398300:50:01,208 --> 00:50:02,583
3984I cannot change the past.
3985
3986885
398700:50:04,250 --> 00:50:07,000
3988But I am happy to negotiate with you
3989about the future.
3990
3991886
399200:50:08,333 --> 00:50:09,417
3993What does that mean?
3994
3995887
399600:50:11,417 --> 00:50:12,417
3997How much?
3998
3999888
400000:50:12,500 --> 00:50:13,750
4001Excuse me?
4002
4003889
400400:50:14,375 --> 00:50:16,750
4005How much money do you want
4006to go to the party
4007
4008890
400900:50:16,833 --> 00:50:18,875
4010and not tell your mother about Astrid?
4011
4012891
401300:50:18,958 --> 00:50:20,167
4014[scoffs] You're kidding.
4015
4016892
401700:50:20,333 --> 00:50:22,583
4018-[sniffles]
4019-Am I? How much?
4020
4021893
402200:50:23,500 --> 00:50:25,792
4023You go to the party,
4024you don't tell your mother,
4025
4026894
402700:50:25,875 --> 00:50:27,208
4028and I continue to see Astrid.
4029
4030895
403100:50:27,292 --> 00:50:30,000
4032-[laughs]
4033-I'm getting her an apartment in New York.
4034
4035896
403600:50:30,083 --> 00:50:31,750
4037-This is so fucked up.
4038-No.
4039
4040897
404100:50:31,833 --> 00:50:33,458
4042This is how problems are solved.
4043
4044898
404500:50:33,833 --> 00:50:36,917
4046What's fucked up
4047is your inability to see that.
4048
4049899
405000:50:37,750 --> 00:50:38,750
4051How much?
4052
4053900
405400:50:42,625 --> 00:50:43,833
4055I wanna talk to a lawyer.
4056
4057901
405800:50:44,208 --> 00:50:47,667
4059Great. Mine's on his way over now.
4060We can both talk to him.
4061
4062902
406300:50:49,375 --> 00:50:52,667
4064First of all, congratulations, Simone.
4065Graduation.
4066
4067903
406800:50:52,750 --> 00:50:53,958
4069Fuck you, Jeff.
4070
4071904
407200:50:56,375 --> 00:51:00,500
4073Simone has announced today
4074that she wants to "ruin me".
4075
4076905
407700:51:00,958 --> 00:51:02,875
4078Well, as the family lawyer,
4079
4080906
408100:51:02,958 --> 00:51:04,875
4082I would like to see matters settled
4083
4084907
408500:51:04,958 --> 00:51:06,917
4086in a way
4087that is to everyone's satisfaction.
4088
4089908
409000:51:07,000 --> 00:51:09,292
4091-I know your father feels the same way.
4092-I do.
4093
4094909
409500:51:09,375 --> 00:51:12,167
4096Yeah, now, your dad has already
4097opened up a trust in your name,
4098
4099910
410000:51:12,250 --> 00:51:13,542
4101so to keep things simple,
4102
4103911
410400:51:14,042 --> 00:51:17,333
4105this is a further assignment of assets
4106to that trust.
4107
4108912
410900:51:17,417 --> 00:51:19,208
4110A graduation present of sorts.
4111
4112913
411300:51:20,000 --> 00:51:21,375
4114In addition to the party.
4115
4116914
411700:51:22,208 --> 00:51:24,208
4118-Does that make sense to you?
4119-[phone alert]
4120
4121915
412200:51:26,833 --> 00:51:27,667
4123Hm.
4124
4125916
412600:51:27,750 --> 00:51:29,208
4127Mum's plane's gonna be early.
4128
4129917
413000:51:30,208 --> 00:51:32,833
4131Maybe I should go and get her
4132and we can discuss this all together
4133
4134918
413500:51:32,917 --> 00:51:34,792
4136like one big, happy family.
4137
4138919
413900:51:35,417 --> 00:51:36,792
4140There's a company I own.
4141
4142920
414300:51:39,375 --> 00:51:41,292
4144Whitecloud Enterprises.
4145
4146921
414700:51:41,917 --> 00:51:43,500
4148I would like to give it to you.
4149
4150922
415100:51:44,667 --> 00:51:47,167
4152Jeff, tell her what it's worth.
4153
4154923
415500:51:47,583 --> 00:51:50,292
4156Whitecloud is worth
4157almost 20 million dollars.
4158
4159924
416000:51:50,667 --> 00:51:53,417
4161There's a bank account at HSBC in Geneva.
4162
4163925
416400:51:54,458 --> 00:51:57,042
4165[Charles] Happy graduation. It's yours.
4166
4167926
416800:51:59,958 --> 00:52:01,333
4169[chuckles] Mine?
4170
4171927
417200:52:02,500 --> 00:52:04,917
4173There's probably a board of directors
4174or something.
4175
4176928
417700:52:05,000 --> 00:52:07,208
4178Whitecloud is controlled by bearer shares.
4179
4180929
418100:52:09,667 --> 00:52:12,083
4182Look, my degree is in ethnic identity.
4183
4184930
418500:52:12,833 --> 00:52:16,208
4186[Charles] Okay.
4187So, bearer shares are pieces of paper
4188
4189931
419000:52:17,292 --> 00:52:19,958
4191that entitle the holder of that paper
4192
4193932
419400:52:21,208 --> 00:52:23,667
4195to complete control over the company.
4196
4197933
419800:52:25,500 --> 00:52:26,833
4199You would own the company.
4200
4201934
420200:52:27,417 --> 00:52:29,417
4203Its money is your money,
4204
4205935
420600:52:29,500 --> 00:52:32,083
4207as long as you hold the shares.
4208
4209936
421000:52:33,292 --> 00:52:34,958
4211Right now, I own it.
4212
4213937
421400:52:38,750 --> 00:52:40,542
4215-Now Jeff owns it.
4216-Thank you.
4217
4218938
421900:52:41,708 --> 00:52:43,958
4220If he gives it to you, you would own it.
4221
4222939
422300:52:44,375 --> 00:52:45,375
4224That simple?
4225
4226940
422700:52:48,458 --> 00:52:49,500
4228Twenty million?
4229
4230941
423100:52:50,125 --> 00:52:53,125
4232[Jeff] There's no other paperwork that has
4233to be done. I'll handle everything.
4234
4235942
423600:52:53,208 --> 00:52:56,417
4237[chuckles] Just don't lose them.
4238Put 'em someplace safe.
4239
4240943
424100:52:59,458 --> 00:53:02,875
4242You get them after the party.
4243After your mother gets back on a plane.
4244
4245944
424600:53:35,958 --> 00:53:37,208
4247Good trip, my star?
4248
4249945
425000:53:38,208 --> 00:53:40,667
4251So where's the guest of honor?
4252She's been texting.
4253
4254946
425500:53:40,875 --> 00:53:43,000
4256Really? Anything in particular?
4257
4258947
425900:53:43,417 --> 00:53:44,250
4260No.
4261
4262948
426300:53:44,708 --> 00:53:45,708
4264She's in her room.
4265
4266949
426700:53:46,625 --> 00:53:48,750
4268A little anxious about the day's events.
4269
4270950
427100:53:49,208 --> 00:53:52,000
4272I prefer the other one better.
4273The Versace.
4274
4275951
427600:53:52,375 --> 00:53:53,792
4277It brings out your eyes.
4278
4279952
428000:53:53,875 --> 00:53:55,750
4281This one brings out things
4282that make me wonder
4283
4284953
428500:53:55,833 --> 00:53:58,083
4286why you bothered going to university
4287in the first place.
4288
4289954
429000:53:58,792 --> 00:54:00,625
4291Look, I like this one better.
4292
4293955
429400:54:00,792 --> 00:54:03,167
4295[sighs] I'm not sure
4296how your father would feel
4297
4298956
429900:54:03,250 --> 00:54:05,625
4300about something so revealing
4301on a young woman.
4302
4303957
430400:54:06,708 --> 00:54:10,417
4305What is Astrid planning on wearing?
4306She has a good sense of style, I think.
4307
4308958
430900:54:10,500 --> 00:54:12,125
4310I don't know what she's wearing.
4311
4312959
431300:54:12,208 --> 00:54:13,583
4314Is she bringing a date?
4315
4316960
431700:54:13,667 --> 00:54:15,875
4318The young man we met in St. Barts
4319over the holidays?
4320
4321961
432200:54:15,958 --> 00:54:17,375
4323I forget his name, the Italian boy.
4324
4325962
432600:54:17,458 --> 00:54:18,875
4327Look, she's not coming.
4328
4329963
433000:54:18,958 --> 00:54:20,667
4331Oh, my God, she must hate me.
4332
4333964
433400:54:21,583 --> 00:54:22,583
4335[Charles sighs]
4336
4337965
433800:54:22,667 --> 00:54:25,458
4339It was a shock to her system.
4340But it's been handled.
4341
4342966
434300:54:26,375 --> 00:54:30,208
4344I don't want you to worry about it.
4345I don't want you to worry about anything.
4346
4347967
434800:54:31,792 --> 00:54:33,250
4349So we're still goin', right?
4350
4351968
435200:54:33,333 --> 00:54:34,667
4353-[knock at door]
4354-[mother] Charles?
4355
4356969
435700:54:34,750 --> 00:54:36,375
4358May I have a word with you?
4359
4360970
436100:54:36,458 --> 00:54:38,125
4362I'll pick you up after the party.
4363
4364971
436500:54:38,583 --> 00:54:40,250
4366You're going to love New York.
4367
4368972
436900:54:40,625 --> 00:54:41,625
4370I'll be ready.
4371
4372973
437300:54:42,333 --> 00:54:43,333
4374Come.
4375
4376974
437700:54:47,292 --> 00:54:49,708
4378Do you know what happened
4379with Simone and Astrid?
4380
4381975
438200:54:50,542 --> 00:54:51,542
4383Something happened?
4384
4385976
438600:54:51,833 --> 00:54:54,083
4387I hear Astrid is not coming to the party.
4388
4389977
439000:54:54,250 --> 00:54:55,750
4391Well, you know young girls.
4392
4393978
439400:54:55,833 --> 00:54:58,333
4395They can always be counted on
4396not to be counted on.
4397
4398979
439900:54:58,417 --> 00:55:01,167
4400They do everything together,
4401thick as thieves, and now this?
4402
4403980
440400:55:01,250 --> 00:55:02,500
4405Have you spoken to her?
4406
4407981
440800:55:03,167 --> 00:55:06,417
4409Intermittently throughout the day.
4410Has she said anything to you?
4411
4412982
441300:55:07,375 --> 00:55:08,583
4414Very little to me.
4415
4416983
441700:55:10,000 --> 00:55:12,958
4418[sighs] It's probably about a boy.
4419It usually is.
4420
4421984
442200:55:13,167 --> 00:55:15,000
4423[chuckles] Have you seen the yard?
4424
4425985
442600:55:16,000 --> 00:55:18,583
4427It's looking marvelous.
4428
4429986
443000:55:18,667 --> 00:55:20,250
4431[both laugh]
4432
4433987
443400:55:23,792 --> 00:55:24,833
4435[mother] Astrid?
4436
4437988
443800:55:25,833 --> 00:55:27,250
4439-Uh...
4440-It's Miranda.
4441
4442989
444300:55:27,333 --> 00:55:28,167
4444Hi! [chuckles]
4445
4446990
444700:55:28,250 --> 00:55:31,000
4448I wasn't expecting to hear from you.
4449
4450991
445100:55:31,083 --> 00:55:35,417
4452Look, I'm not sure what sort of nonsense
4453has gone on here, but it doesn't matter.
4454
4455992
445600:55:35,500 --> 00:55:38,333
4457You are part of our family,
4458part of Simone's life
4459
4460993
446100:55:38,417 --> 00:55:42,167
4462and this is a moment we are all going to
4463celebrate together, period.
4464
4465994
446600:55:42,792 --> 00:55:44,708
4467There is so much love here,
4468
4469995
447000:55:44,792 --> 00:55:48,458
4471regardless of whatever little injustices
4472we have visited upon each other,
4473
4474996
447500:55:48,542 --> 00:55:50,250
4476so you are expected to attend.
4477
4478997
447900:55:50,750 --> 00:55:53,333
4480Do not ever let a man
4481destroy your sisterhood.
4482
4483998
448400:55:54,125 --> 00:55:55,542
4485Do you have a dress to wear?
4486
4487999
448800:55:56,167 --> 00:55:57,750
4489Uh... Uh, no.
4490
44911000
449200:55:58,375 --> 00:56:00,792
4493Then you get yourself down
4494to your favorite store
4495
44961001
449700:56:00,875 --> 00:56:04,250
4498and buy a dress that says to the world,
4499"I did it."
4500
45011002
450200:56:05,125 --> 00:56:07,875
4503That is my graduation present to you.
4504I will send a car.
4505
45061003
450700:56:08,875 --> 00:56:10,042
4508You sure it's cool?
4509
45101004
451100:56:10,458 --> 00:56:14,125
4512It is not merely cool,
4513it is paramount that you attend.
4514
45151005
451600:56:14,458 --> 00:56:16,417
4517Just don't tell Simone you're coming,
4518
45191006
452000:56:16,500 --> 00:56:19,583
4521I want to give her the gift
4522of her best friend for graduation.
4523
45241007
452500:56:20,292 --> 00:56:22,125
4526You're amazing.
4527
45281008
452900:56:22,333 --> 00:56:25,125
4530And just so you know, I don't see this
4531as a permanent thing, right?
4532
45331009
453400:56:25,208 --> 00:56:26,542
4535It's just fun for now.
4536
45371010
453800:56:26,625 --> 00:56:29,000
4539Okay, wonderful. Bye-bye.
4540
45411011
454200:56:34,542 --> 00:56:36,208
4543Take it off, it's too much.
4544
45451012
454600:56:36,292 --> 00:56:38,417
4547-Coming from you.
4548-Coming from your father.
4549
45501013
455100:56:38,500 --> 00:56:39,708
4552Suck my dick.
4553
45541014
455500:56:40,667 --> 00:56:42,292
4556Grow up. Now.
4557
45581015
455900:56:43,208 --> 00:56:44,625
4560You're a very wealthy girl.
4561
45621016
456300:56:44,750 --> 00:56:46,167
4564Where are my bearer shares?
4565
45661017
456700:56:46,875 --> 00:56:48,125
4568I'm so out of here.
4569
45701018
457100:56:48,208 --> 00:56:50,333
4572They're in the safe in my office.
4573
45741019
457500:56:50,833 --> 00:56:52,500
4576After the party,
4577
45781020
457900:56:53,125 --> 00:56:54,500
4580once I'm in a car,
4581
45821021
458300:56:54,958 --> 00:56:56,917
4584I will text you the combination.
4585
45861022
458700:56:57,667 --> 00:56:59,083
4588And if they're not in there?
4589
45901023
459100:56:59,958 --> 00:57:01,500
4592Then I'm not a man of my word.
4593
45941024
459500:57:02,208 --> 00:57:07,083
4596And you will no doubt tell your mother,
4597and chaos will reign upon the land.
4598
45991025
460000:57:08,958 --> 00:57:10,917
4601Are you gonna tell her? Ever?
4602
46031026
460400:57:12,208 --> 00:57:13,042
4605No.
4606
46071027
460800:57:14,708 --> 00:57:17,458
4609I'm going to protect her
4610from what would cause her pain.
4611
46121028
461300:57:18,917 --> 00:57:21,042
4614Because I failed to do that the last time.
4615
46161029
461700:57:22,375 --> 00:57:23,375
4618What?
4619
46201030
462100:57:23,917 --> 00:57:25,667
4622She has her own bearer shares.
4623
46241031
462500:57:27,000 --> 00:57:28,125
4626She's taken care of.
4627
46281032
462900:57:29,083 --> 00:57:31,375
4630She could leave if she wants,
4631but she stays.
4632
46331033
463400:57:32,625 --> 00:57:35,000
4635Why do you think that is?
4636
46371034
463800:57:50,250 --> 00:57:51,292
4639Hello?
4640
46411035
464200:57:54,083 --> 00:57:55,083
4643Hello?
4644
46451036
464600:57:58,083 --> 00:57:59,083
4647Hello?
4648
46491037
465000:58:03,208 --> 00:58:05,250
4651-[sighs]
4652-Are you fucking kidding me?
4653
46541038
465500:58:05,875 --> 00:58:08,667
4656You have the audacity
4657to come back into my house?
4658
46591039
466000:58:09,292 --> 00:58:11,042
4661-You fucking whore!
4662-[screams]
4663
46641040
466500:58:11,125 --> 00:58:13,208
4666What in the Lord's name
4667is wrong with you, girl?
4668
46691041
467000:58:13,292 --> 00:58:15,917
4671-She's a fucking slut!
4672-Is that how you were brought up?
4673
46741042
467500:58:16,000 --> 00:58:18,125
4676-To raise your hand against a friend?
4677-Tell her.
4678
46791043
468000:58:18,208 --> 00:58:20,208
4681-Tell her what you did!
4682-No matter what she has done,
4683
46841044
468500:58:20,292 --> 00:58:22,333
4686it cannot possibly warrant this treatment.
4687
46881045
468900:58:22,417 --> 00:58:25,042
4690You apologize right now, Simone,
4691or I am going to get your father,
4692
46931046
469400:58:25,125 --> 00:58:26,458
4695and he will not be so lenient.
4696
46971047
469800:58:26,542 --> 00:58:28,250
4699-Mum, she--
4700-You want your father involved?
4701
47021048
470300:58:28,333 --> 00:58:31,042
4704-Say it, girl. Say you're sorry.
4705-She doesn't have to.
4706
47071049
470800:58:31,375 --> 00:58:32,750
4709It's me who should apologize.
4710
47111050
471200:58:32,833 --> 00:58:33,875
4713Don't be silly.
4714
47151051
471600:58:34,083 --> 00:58:36,375
4717Over the New Year's, in St. Barts.
4718
47191052
472000:58:37,417 --> 00:58:39,667
4721I knew he was watchin' me
4722when I took my clothes off.
4723
47241053
472500:58:39,750 --> 00:58:41,625
4726I knew he'd follow me into the water.
4727
47281054
472900:58:42,167 --> 00:58:43,625
4730The-- The Italian boy?
4731
47321055
473300:58:44,208 --> 00:58:45,208
4734Charles.
4735
47361056
473700:58:45,833 --> 00:58:48,167
4738I knew when I gave him
4739my hotel key, he'd come.
4740
47411057
474200:58:49,167 --> 00:58:51,958
4743He had his foot in between my legs
4744under the table at dinner.
4745
47461058
474700:58:52,375 --> 00:58:55,333
4748I thought it would be fun, I didn't
4749think it would blow up the way it did.
4750
47511059
475200:58:55,417 --> 00:58:56,833
4753I'm sorry. I'm sorry, Simone.
4754
47551060
475600:59:03,125 --> 00:59:04,083
4757Fuck.
4758
47591061
476000:59:07,083 --> 00:59:08,167
4761Fuck!
4762
47631062
476400:59:16,167 --> 00:59:18,333
4765Mm. These certainly are the bearer shares.
4766
47671063
476800:59:18,542 --> 00:59:21,292
4769-Mm? You own them, you hold them.
4770-[Miranda] Mm-hm.
4771
47721064
477300:59:22,417 --> 00:59:25,083
4774Uh, I was told that they're worth
477520 million dollars.
4776
47771065
477800:59:26,333 --> 00:59:28,958
4779Well, well, uh...
4780looking at the bank statements
4781
47821066
478300:59:29,042 --> 00:59:30,917
4784you requested from our directors,
4785
47861067
478700:59:31,000 --> 00:59:32,875
4788Whitecloud Enterprises, uh...
4789
47901068
479100:59:33,417 --> 00:59:37,250
4792uh, was indeed
4793worth 20 million US dollars.
4794
47951069
479600:59:37,333 --> 00:59:38,208
4797Was?
4798
47991070
480000:59:38,708 --> 00:59:41,375
4801Well, as you can see for yourself, here...
4802
48031071
480400:59:41,458 --> 00:59:48,250
4805as of last week, they appear to be worth
4806a little less than $37.
4807
48081072
480900:59:48,625 --> 00:59:51,292
4810[laughs] What?
4811
48121073
481300:59:55,333 --> 00:59:57,625
4814Uh... How is that possible?
4815It's my company.
4816
48171074
481800:59:57,708 --> 00:59:58,875
4819Who moved the money?
4820
48211075
482200:59:58,958 --> 01:00:01,583
4823[Elena] It's true that
4824you hold the bearer shares
4825
48261076
482701:00:01,667 --> 01:00:04,375
4828for Whitecloud Enterprises
4829of the Seychelles, but...
4830
48311077
483201:00:05,000 --> 01:00:07,542
4833Whitecloud itself
4834is controlled by a trust:
4835
48361078
483701:00:08,125 --> 01:00:10,083
4838Jetstream Trust of Cyprus.
4839
48401079
484101:00:10,458 --> 01:00:11,583
4842What does that mean?
4843
48441080
484501:00:11,708 --> 01:00:16,792
4846So, Jetstream administers to Whitecloud
4847along with a lot of other companies.
4848
48491081
485001:00:16,875 --> 01:00:18,625
4851And, um... what about these?
4852
48531082
485401:00:20,750 --> 01:00:23,833
4855These are Nimbus Holdings
4856of the Seychelles.
4857
48581083
485901:00:24,417 --> 01:00:28,625
4860Yeah, also controlled
4861and held by Jetstream Trust.
4862
48631084
486401:00:29,208 --> 01:00:33,208
4865Yeah, the bank says that
4866Nimbus is now worth,
4867
48681085
486901:00:33,625 --> 01:00:34,917
4870uh, $100.
4871
48721086
487301:00:35,000 --> 01:00:37,625
4874Again, these are recent transactions.
4875
48761087
487701:00:37,708 --> 01:00:39,708
4878How the hell does he get away with this?
4879
48801088
488101:00:40,167 --> 01:00:42,583
4882Look, where the fuck is my money?
4883
48841089
488501:00:43,000 --> 01:00:46,292
4886[sighs] Well, if you want more information
4887on your father's financial activities,
4888
48891090
489001:00:46,375 --> 01:00:49,292
4891I'm afraid I will have to direct you
4892toward his bank.
4893
48941091
489501:00:49,500 --> 01:00:51,083
4896You have to tell us something.
4897
48981092
489901:00:51,583 --> 01:00:53,958
4900Actually, I'm not obliged
4901to tell you anything.
4902
49031093
490401:00:54,250 --> 01:00:56,958
4905That... That is the letter of the law.
4906
49071094
490801:00:59,542 --> 01:01:00,542
4909Good day.
4910
49111095
491201:01:05,208 --> 01:01:09,208
4913I am truly sorry for your trouble.
4914
49151096
491601:01:09,958 --> 01:01:11,625
4917I really, really am.
4918
49191097
492001:01:11,708 --> 01:01:14,917
4921The world is just men
4922hiding behind piles of paper.
4923
49241098
492501:01:15,125 --> 01:01:17,083
4926Well, fuck him.
4927
49281099
492901:01:19,625 --> 01:01:21,375
4930-I'm so sorry.
4931-Ohh.
4932
49331100
493401:01:21,458 --> 01:01:22,833
4935-I'm so sorry.
4936-Don't worry.
4937
49381101
493901:01:22,917 --> 01:01:24,167
4940-Thank you.
4941-Don't worry.-
4942
49431102
494401:01:24,667 --> 01:01:25,833
4945I clean it up.
4946
49471103
494801:01:28,167 --> 01:01:29,292
4949I clean it up.
4950
49511104
495201:01:29,875 --> 01:01:34,000
4953More than anything else,
4954our clients expect, uh, one thing from us.
4955
49561105
495701:01:34,875 --> 01:01:35,833
4958Privacy.
4959
49601106
496101:01:35,917 --> 01:01:38,333
4962Now, privacy and secrecy
4963are two different things.
4964
49651107
496601:01:38,417 --> 01:01:41,958
4967Privacy is locking the bathroom door
4968when you want to take a pee.
4969
49701108
497101:01:42,208 --> 01:01:44,542
4972Secrecy, on the other hand,
4973is locking the door
4974
49751109
497601:01:44,625 --> 01:01:48,792
4977because what you are doing in a bathroom
4978is not what people usually do.
4979
49801110
498101:01:49,208 --> 01:01:52,750
4982And sometimes,
4983after privacy has had a few drinks,
4984
49851111
498601:01:53,042 --> 01:01:56,167
4987it might decide it wants
4988to spend the night with secrecy
4989
49901112
499101:01:56,250 --> 01:01:58,750
4992just to explore the relationship.
4993
49941113
499501:01:58,958 --> 01:02:03,667
4996But where can they be together without
4997people peeking in through the curtains?
4998
49991114
500001:02:03,792 --> 01:02:05,750
5001Well, usually, in an offshore company.
5002
50031115
500401:02:05,833 --> 01:02:09,208
5005That way, someone looks in a window,
5006they see an empty room.
5007
50081116
500901:02:09,333 --> 01:02:13,708
5010And the window and the room
5011could be in two different places.
5012
50131117
501401:02:13,792 --> 01:02:16,167
5015Yeah, the window could be
5016in the British Virgin Islands
5017
50181118
501901:02:16,250 --> 01:02:18,250
5020and the room could be in, uh--
5021
50221119
502301:02:18,333 --> 01:02:20,292
5024China. It goes all the way to China.
5025
50261120
502701:02:21,250 --> 01:02:24,125
5028Mel, I found it on the Internet.
5029They had the whole story.
5030
50311121
503201:02:24,208 --> 01:02:26,917
5033Mom, I think you're spending
5034too much time obsessing on this.
5035
50361122
503701:02:27,000 --> 01:02:29,458
5038Politicians are doing it.
5039It's not just criminals.
5040
50411123
504201:02:29,583 --> 01:02:31,792
5043Bribery, corruption, money laundering.
5044
50451124
504601:02:31,875 --> 01:02:34,167
5047Millions and millions
5048and millions of dollars.
5049
50501125
505101:02:34,250 --> 01:02:38,500
5052And they're tryin' to hide the whole thing
5053through this company called Russell Prop--
5054
50551126
505601:02:39,208 --> 01:02:40,583
5057Yes, Russell Properties.
5058
50591127
506001:02:48,958 --> 01:02:50,958
5061[dissonant piano chords]
5062
50631128
506401:02:57,875 --> 01:03:01,542
5065[Mossack] So here is another story
5066Ellen Martin wants to blame on us.
5067
50681129
506901:03:02,000 --> 01:03:06,458
5070[Fonseca] This man, Mister Maywood,
5071he is about to make a big mistake.
5072
50731130
507401:03:07,042 --> 01:03:10,875
5075[Mossack] Actually, everyone in this story
5076makes a big mistake.
5077
50781131
507901:03:11,375 --> 01:03:14,042
5080[Fonseca] But Russell Properties
5081was not the problem here.
5082
50831132
508401:03:14,125 --> 01:03:15,542
5085The problem was greed.
5086
50871133
508801:03:16,000 --> 01:03:18,833
5089[Mossack] God passed a law against greed,
5090
50911134
509201:03:19,583 --> 01:03:22,333
5093but that didn't stop people
5094from breaking it.
5095
50961135
509701:03:22,583 --> 01:03:25,500
5098[Fonseca] And still Ellen Martin thinks
5099we are responsible
5100
51011136
510201:03:25,583 --> 01:03:28,208
5103for this man knocking on the door
5104of this hotel room.
5105
51061137
510701:03:35,333 --> 01:03:38,458
5108I remember you prefer whiskey,
5109no ice, correct?
5110
51111138
511201:03:39,000 --> 01:03:39,917
5113[man] Indeed.
5114
51151139
511601:03:42,417 --> 01:03:46,708
5117I trust business has been as good
5118for you as it has been for us here?
5119
51201140
512101:03:47,833 --> 01:03:51,208
5122Last year, China became the largest
5123exporting country on the planet,
5124
51251141
512601:03:51,958 --> 01:03:53,125
5127replacing Germany.
5128
51291142
513001:03:54,833 --> 01:03:55,792
5131Mm.
5132
51331143
513401:03:56,208 --> 01:03:59,292
5135And you also became the largest
5136automotive market in the world.
5137
51381144
513901:04:00,250 --> 01:04:01,083
5140Hats off.
5141
51421145
514301:04:01,917 --> 01:04:05,875
5144Every year, we get buried
5145under more regulations.
5146
51471146
514801:04:05,958 --> 01:04:09,167
5149You... You get buried under more dosh.
5150
51511147
515201:04:10,417 --> 01:04:14,042
5153My husband is very impressed
5154with your understanding of the world.
5155
51561148
515701:04:14,417 --> 01:04:19,000
5158He says people like you are why
5159the British controlled China for so long.
5160
51611149
516201:04:19,083 --> 01:04:21,208
5163[chuckles] I'll take that as a compliment.
5164
51651150
516601:04:21,292 --> 01:04:24,458
5167Well, you should.
5168My husband's a brilliant man.
5169
51701151
517101:04:24,542 --> 01:04:27,333
5172He will likely ascend from his position
5173on the Politburo
5174
51751152
517601:04:27,417 --> 01:04:29,750
5177to become the leader
5178of all of China one day.
5179
51801153
518101:04:30,958 --> 01:04:35,167
5182Now it's time to rinse and repeat.
5183
51841154
518501:04:36,833 --> 01:04:38,667
5186To Russell Properties
5187of the Virgin Islands.
5188
51891155
519001:04:38,750 --> 01:04:39,708
5191[glasses clink]
5192
51931156
519401:04:40,958 --> 01:04:42,875
5195What shall we call the next one, darling?
5196
51971157
519801:04:44,208 --> 01:04:46,250
5199You get me the money,
5200you can name the entity.
5201
52021158
520301:04:46,375 --> 01:04:48,583
5204The deal with Xu Ming was very simple.
5205
52061159
520701:04:48,667 --> 01:04:51,375
5208He wanted a plastics factory
5209here in Chongqing
5210
52111160
521201:04:51,458 --> 01:04:53,875
5213and was willing
5214to pay for the opportunity.
5215
52161161
521701:04:54,083 --> 01:04:56,042
5218We wanted a home on the Riviera.
5219
52201162
522101:04:56,125 --> 01:04:59,250
5222My husband was able to help Xu
5223with the factory.
5224
52251163
522601:04:59,333 --> 01:05:01,458
5227You were helpful with the home in France.
5228
52291164
523001:05:02,250 --> 01:05:05,542
5231You understand the intricacies
5232of such arrangements,
5233
52341165
523501:05:05,625 --> 01:05:08,125
5236these shell companies, as they are called.
5237
52381166
523901:05:08,208 --> 01:05:09,583
5240They are so very useful.
5241
52421167
524301:05:09,833 --> 01:05:13,958
5244For people in our position,
5245it can be a fatal illness,
5246
52471168
524801:05:14,083 --> 01:05:15,708
5249this accumulation of money.
5250
52511169
525201:05:15,917 --> 01:05:17,792
5253I'm nothing more than a white glove,
5254as you say.
5255
52561170
525701:05:17,875 --> 01:05:19,417
5258-Ohh...
5259-Yes, I am.
5260
52611171
526201:05:19,833 --> 01:05:21,792
5263A way to keep your hands
5264from getting dirty.
5265
52661172
526701:05:21,875 --> 01:05:25,542
5268[tuts] There are many
5269white gloves in China now.
5270
52711173
527201:05:25,625 --> 01:05:27,667
5273You, Mr. Maywood...
5274
52751174
527601:05:28,500 --> 01:05:29,875
5277you're more than that.
5278
52791175
528001:05:30,500 --> 01:05:32,708
5281Your initiative is inspiring.
5282
52831176
528401:05:34,667 --> 01:05:37,375
5285For Communists,
5286you seem to catch on very quickly.
5287
52881177
528901:05:44,042 --> 01:05:45,625
5290You never answered my question.
5291
52921178
529301:05:46,208 --> 01:05:47,750
5294What question is that?
5295
52961179
529701:05:49,917 --> 01:05:51,375
5298Are we moving ahead?
5299
53001180
530101:05:52,875 --> 01:05:57,292
5302Or does this bribe you took from Xu
5303for this damn plastics factory
5304
53051181
530601:05:58,208 --> 01:06:00,208
5307become common knowledge to all of China?
5308
53091182
531001:06:01,042 --> 01:06:03,583
5311I don't think I have a choice now, do I?
5312
53131183
531401:06:03,667 --> 01:06:05,875
5315You are forcing us to commit a crime.
5316
53171184
531801:06:09,500 --> 01:06:11,833
5319I'm surprised by the appearance
5320of such virtue.
5321
53221185
532301:06:14,125 --> 01:06:16,958
5324Did you come by that on
5325your last holiday to France?
5326
53271186
532801:06:19,125 --> 01:06:21,833
5329I'm just asking you to do again,
5330
53311187
533201:06:22,792 --> 01:06:24,083
5333what you did before.
5334
53351188
533601:06:26,708 --> 01:06:28,625
5337Two hundred million US dollars.
5338
53391189
534001:06:30,792 --> 01:06:33,333
5341It's not an opportunity
5342I can just let slide, love.
5343
53441190
534501:06:33,917 --> 01:06:38,167
5346Xi Jinping has made it clear that
5347corruption will no longer be tolerated.
5348
53491191
535001:06:38,250 --> 01:06:41,208
5351Are you familiar with Wang Lijun,
5352the chief of police?
5353
53541192
535501:06:41,292 --> 01:06:43,542
5356I try to know
5357as few policemen as possible.
5358
53591193
536001:06:44,125 --> 01:06:48,708
5361Let me tell you a story,
5362so you can fully understand my concerns.
5363
53641194
536501:06:50,917 --> 01:06:53,375
5366Make sure our guest has a drink
5367for this story.
5368
53691195
537001:06:58,500 --> 01:07:01,000
5371You are perhaps familiar
5372
53731196
537401:07:01,083 --> 01:07:03,875
5375with the so-called spiritual practice
5376of Falun Gong.
5377
53781197
537901:07:04,500 --> 01:07:07,875
5380It was labeled as an enemy of the state
5381
53821198
538301:07:07,958 --> 01:07:09,917
5384for advocating superstition
5385
53861199
538701:07:10,000 --> 01:07:12,375
5388and jeopardizing social stability.
5389
53901200
539101:07:13,167 --> 01:07:18,042
5392Police Chief Wang decided to help
5393rid the country of such threats.
5394
53951201
539601:07:27,417 --> 01:07:31,042
5397He became feared throughout the land
5398for the techniques he employed.
5399
54001202
540101:07:41,833 --> 01:07:44,333
5402He would say that
5403the organs were harvested
5404
54051203
540601:07:44,417 --> 01:07:46,375
5407only after the prisoners were dead.
5408
54091204
541001:07:47,667 --> 01:07:50,292
5411But the Falun Gong were expendable.
5412
54131205
541401:07:50,500 --> 01:07:55,417
5415And a heart can bring
5416$180,000 on the open market,
5417
54181206
541901:07:55,542 --> 01:07:57,625
5420depending on the blood type.
5421
54221207
542301:07:58,542 --> 01:08:02,500
5424A cornea from a young person
5425is perhaps $3,000.
5426
54271208
542801:08:02,958 --> 01:08:08,542
5429A kidney can bring as much as
5430$60,000, if it is not too old.
5431
54321209
543301:08:25,083 --> 01:08:26,292
5434[sighs]
5435
54361210
543701:08:32,375 --> 01:08:33,542
5438[groans]
5439
54401211
544101:08:35,375 --> 01:08:38,000
5442Really charming story. Thanks for sharing.
5443
54441212
544501:08:39,042 --> 01:08:41,000
5446Maybe you should lie down for a moment.
5447
54481213
544901:08:41,125 --> 01:08:42,417
5450I'm all right.
5451
54521214
545301:08:43,333 --> 01:08:44,208
5454[sighs]
5455
54561215
545701:08:44,292 --> 01:08:45,792
5458So, we are moving ahead?
5459
54601216
546101:08:45,875 --> 01:08:47,417
5462Yes, move ahead.
5463
54641217
546501:08:48,042 --> 01:08:50,792
5466I'll get the bank to reach out
5467to Mossack Fonseca in Panama
5468
54691218
547001:08:50,875 --> 01:08:52,750
5471and have them set up a new company.
5472
54731219
547401:08:53,042 --> 01:08:55,125
5475-In the Virgin Islands.
5476-Yes.
5477
54781220
547901:08:55,208 --> 01:08:58,375
5480And you will promise not to make
5481any more threats to expose us.
5482
54831221
548401:08:59,917 --> 01:09:01,958
5485Why would I expose my trusted partners?
5486
54871222
548801:09:02,542 --> 01:09:05,375
5489What can I get you? Aspirin? Water?
5490
54911223
549201:09:05,667 --> 01:09:06,792
5493Water's fine.
5494
54951224
549601:09:08,292 --> 01:09:12,333
5497So, if we are partners,
5498will you do something for me?
5499
55001225
550101:09:12,417 --> 01:09:13,250
5502Sure.
5503
55041226
550501:09:13,333 --> 01:09:16,375
5506I need to know that
5507there are no others who can hurt me,
5508
55091227
551001:09:16,458 --> 01:09:19,542
5511who can expose us,
5512or I'm always vulnerable.
5513
55141228
551501:09:21,292 --> 01:09:23,167
5516I need you to divorce your wife.
5517
55181229
551901:09:25,083 --> 01:09:29,708
5520I need you to do that
5521and prove your loyalty to me and Bo Xilai.
5522
55231230
552401:09:30,875 --> 01:09:32,125
5525Will you do that for me?
5526
55271231
552801:09:33,958 --> 01:09:36,042
5529-You're fuckin' crazy.
5530-[chuckles]
5531
55321232
553301:09:36,125 --> 01:09:38,083
5534-Divorce my wife?
5535-Yes.
5536
55371233
553801:09:40,500 --> 01:09:41,667
5539Mm-mm.
5540
55411234
554201:09:42,292 --> 01:09:44,125
5543[sighs] No, I'm not doing that.
5544
55451235
554601:09:45,208 --> 01:09:46,958
5547You're just gonna have to trust me.
5548
55491236
555001:09:50,125 --> 01:09:51,375
5551Thank you.
5552
55531237
555401:10:00,458 --> 01:10:01,625
5555Ah, some more, please.
5556
55571238
555801:10:05,500 --> 01:10:07,750
5559[woman] I remember you love Mahjong.
5560
55611239
556201:10:08,417 --> 01:10:13,083
5563I was thinking we could play a friendly
5564game and celebrate our new arrangement.
5565
55661240
556701:10:15,542 --> 01:10:17,000
5568Maybe we let you sleep.
5569
55701241
557101:10:18,875 --> 01:10:20,458
5572-[groans]
5573-And then we can play.
5574
55751242
557601:10:22,417 --> 01:10:24,625
5577Oh, thank you. [breathes heavily]
5578
55791243
558001:10:46,750 --> 01:10:48,292
5581How much longer do we have to wait?
5582
55831244
558401:11:11,167 --> 01:11:12,042
5585[grunts]
5586
55871245
558801:11:12,208 --> 01:11:13,250
5589[moans]
5590
55911246
559201:11:39,083 --> 01:11:40,458
5593[moaning on TV]
5594
55951247
559601:11:58,708 --> 01:11:59,708
5597So...
5598
55991248
560001:12:01,625 --> 01:12:02,917
5601What brings you here today?
5602
56031249
560401:12:04,708 --> 01:12:06,375
5605Just what I said on the phone.
5606
56071250
560801:12:07,375 --> 01:12:12,000
5609This man Maywood has taken our son hostage
5610at his home in London.
5611
56121251
561301:12:12,083 --> 01:12:14,375
5614He tried to force us
5615into a compromising position
5616
56171252
561801:12:14,458 --> 01:12:16,542
5619with various offshore schemes.
5620
56211253
562201:12:19,625 --> 01:12:21,542
5623And did you call the authorities?
5624
56251254
562601:12:23,542 --> 01:12:27,417
5627He would have spread stories
5628about me and Bo.
5629
56301255
563101:12:27,500 --> 01:12:28,917
5632I have no doubt about that.
5633
56341256
563501:12:30,125 --> 01:12:32,708
5636This would have made things
5637even worse for us.
5638
56391257
564001:12:35,167 --> 01:12:37,208
5641So I did what was needed.
5642
56431258
564401:12:39,208 --> 01:12:40,250
5645Meaning what?
5646
56471259
564801:12:45,708 --> 01:12:48,750
5649In the glasses he drank from,
5650you will find the residue of rat poison.
5651
56521260
565301:12:48,833 --> 01:12:51,292
5654Cyanide stops the heart.
5655
56561261
565701:12:52,458 --> 01:12:58,750
5658Along with other things in the room...
5659you'll understand everything very quickly.
5660
56611262
566201:13:04,667 --> 01:13:07,542
5663Everyone sleeps better at night
5664when corruption has been vanquished.
5665
56661263
566701:13:27,792 --> 01:13:30,333
5668That was Gu Kailai on November 14th.
5669
56701264
567101:13:39,375 --> 01:13:45,208
5672We will continue to weed out corruption
5673at every level, no matter how high.
5674
56751265
567601:13:45,708 --> 01:13:49,167
5677There is no place in government
5678for those who are weak
5679
56801266
568101:13:50,250 --> 01:13:54,708
5682in the face of temptation.
5683
56841267
568501:13:55,167 --> 01:13:59,833
5686On this, Xi Jinping and I agree.
5687
56881268
568901:14:01,292 --> 01:14:03,250
5690We must all look in the mirror
5691
56921269
569301:14:03,333 --> 01:14:06,042
5694and hold ourselves
5695to the highest standard,
5696
56971270
569801:14:10,375 --> 01:14:14,125
5699as history will not be kind
5700to those who have stolen from the people.
5701
57021271
570301:14:20,833 --> 01:14:22,000
5704We need to get out of here.
5705
57061272
570701:14:22,083 --> 01:14:23,042
5708To France.
5709
57101273
571101:14:28,500 --> 01:14:31,375
5712Gu Kailai,
5713you are being arrested for murder.
5714
57151274
571601:14:31,958 --> 01:14:33,000
5717Whatever I've done,
5718
57191275
572001:14:33,083 --> 01:14:35,333
5721I've done to defend the honor
5722of my country and my husband.
5723
57241276
572501:14:35,417 --> 01:14:38,375
5726Bo Xilai, you are under arrest
5727
57281277
572901:14:38,458 --> 01:14:42,083
5730for the crimes of bribery,
5731embezzlement, and abuse of power.
5732
57331278
573401:14:42,167 --> 01:14:44,667
5735What's going on?
5736You've got the wrong person.
5737
57381279
573901:14:45,000 --> 01:14:47,625
5740It's a mistake, a mistake.
5741
57421280
574301:14:48,083 --> 01:14:49,917
5744[Fonseca] So, how is this our fault?
5745
57461281
574701:14:50,000 --> 01:14:52,958
5748[Mossack] Did we tell Bo Xilai
5749and his wife, Madame Gu,
5750
57511282
575201:14:53,042 --> 01:14:55,833
5753to accept the bribe
5754for the plastics factory?
5755
57561283
575701:14:55,917 --> 01:14:56,792
5758[Fonseca] No.
5759
57601284
576101:14:56,875 --> 01:14:59,750
5762[Mossack] Did we tell Mister Maywood
5763to launder that money
5764
57651285
576601:14:59,833 --> 01:15:03,250
5767by purchasing them a mansion
5768in the south of France?
5769
57701286
577101:15:03,333 --> 01:15:04,292
5772[Fonseca] No!
5773
57741287
577501:15:04,375 --> 01:15:08,375
5776[Mossack] And we most certainly did not
5777tell Mister Maywood to try and force
5778
57791288
578001:15:08,458 --> 01:15:12,583
5781Bo and Madame Gu to launder
5782still more money
5783
57841289
578501:15:12,667 --> 01:15:17,000
5786by accepting more bribes
5787and starting more entities.
5788
57891290
579001:15:17,750 --> 01:15:19,958
5791[Mossack]
5792So where did these ideas come from?
5793
57941291
579501:15:20,542 --> 01:15:23,917
5796Where most ideas about money come from.
5797
57981292
579901:15:24,333 --> 01:15:27,333
5800The United States of America.
5801
58021293
580301:15:27,583 --> 01:15:29,458
5804In the late-19th century,
5805
58061294
580701:15:29,542 --> 01:15:33,542
5808the state of Delaware realized
5809it could not attract business
5810
58111295
581201:15:33,625 --> 01:15:36,042
5813the same way New York and New Jersey do.
5814
58151296
581601:15:36,208 --> 01:15:39,792
5817So Delaware began writing
5818corporate-friendly tax laws,
5819
58201297
582101:15:39,875 --> 01:15:42,250
5822hoping to lure more business.
5823
58241298
582501:15:42,333 --> 01:15:43,375
5826And it worked.
5827
58281299
582901:15:43,458 --> 01:15:46,625
58301209 North Orange Street
5831in Wilmington, Delaware
5832
58331300
583401:15:46,708 --> 01:15:51,000
5835is home to 285,000 companies
5836
58371301
583801:15:51,333 --> 01:15:54,875
5839and none of them are paying state taxes.
5840
58411302
584201:15:54,958 --> 01:15:55,875
5843[chuckling]
5844
58451303
584601:15:56,500 --> 01:15:59,500
5847The director of this movie has five.
5848
58491304
585001:16:00,042 --> 01:16:02,708
5851-Even-- Even our writer has one.
5852-[laughs]
5853
58541305
585501:16:02,833 --> 01:16:04,875
5856But if Delaware could do it,
5857
58581306
585901:16:04,958 --> 01:16:07,875
5860why couldn't, uh,
5861Switzerland or Luxembourg,
5862
58631307
586401:16:07,958 --> 01:16:10,792
5865and, uh, Hong Kong
5866and the British Virgin Islands?
5867
58681308
586901:16:10,875 --> 01:16:13,500
5870You are probably wondering, is this legal?
5871
58721309
587301:16:14,375 --> 01:16:15,208
5874Hm?
5875
58761310
587701:16:16,083 --> 01:16:19,958
5878Yes. This is called tax avoidance.
5879
58801311
588101:16:20,292 --> 01:16:23,167
5882Now, tax evasion is a crime,
5883
58841312
588501:16:24,083 --> 01:16:27,583
5886uh, but tax avoidance,
5887that's what put us in business.
5888
58891313
589001:16:27,667 --> 01:16:30,625
5891And the line between the two,
5892we like to say,
5893
58941314
589501:16:30,708 --> 01:16:33,250
5896it's as thin as a jailhouse wall.
5897
58981315
589901:16:33,792 --> 01:16:38,875
5900Now, those very bad things
5901that have happened to Ellen....
5902
59031316
590401:16:39,458 --> 01:16:42,000
5905First, the sinking of the boat, uh...
5906
59071317
590801:16:42,208 --> 01:16:45,500
5909-then losing the... the condo in Vegas.
5910-Yes.
5911
59121318
591301:16:45,583 --> 01:16:48,167
5914It's taking a toll on her health.
5915
59161319
591701:16:48,375 --> 01:16:52,583
5918Her daughter says she has,
5919uh, lost appetite,
5920
59211320
592201:16:52,667 --> 01:16:54,583
5923uh, she isn't sleeping,
5924
59251321
592601:16:54,667 --> 01:16:58,292
5927and the anger she is feeling
5928is eating her up inside
5929
59301322
593101:16:58,375 --> 01:17:01,917
5932because the world is beyond her control.
5933
59341323
593501:17:02,458 --> 01:17:04,958
5936She can't afford to make
5937campaign contributions
5938
59391324
594001:17:05,042 --> 01:17:08,542
5941to politicians who could change
5942the laws that torment her.
5943
59441325
594501:17:09,542 --> 01:17:13,875
5946But instead,
5947she has to come here and pray.
5948
59491326
595001:17:16,125 --> 01:17:19,250
5951[Ellen] Thank you, Lord, thank you.
5952Thank you for everything.
5953
59541327
595501:17:20,167 --> 01:17:21,292
5956I hate to ask this,
5957
59581328
595901:17:21,375 --> 01:17:23,333
5960but I was just wondering when exactly
5961
59621329
596301:17:23,417 --> 01:17:26,000
5964the meek will be inheriting the Earth?
5965
59661330
596701:17:26,917 --> 01:17:30,417
5968Wi-- Will that be in my lifetime
5969or in my grandkids'?
5970
59711331
597201:17:31,125 --> 01:17:36,583
5973And-- And the part about the first being
5974the last and the last shall be first,
5975
59761332
597701:17:36,667 --> 01:17:38,083
5978when does that start?
5979
59801333
598101:17:38,542 --> 01:17:39,417
5982Hm?
5983
59841334
598501:17:40,125 --> 01:17:43,042
5986And what about the rest of us
5987in the middle, you know?
5988
59891335
599001:17:43,125 --> 01:17:47,833
5991We're just falling further and further
5992and further behind.
5993
59941336
599501:17:47,917 --> 01:17:49,333
5996My mother used to say,
5997
59981337
599901:17:50,250 --> 01:17:52,417
6000"May lightning strike 'em all
6001without hitting me."
6002
60031338
600401:17:52,500 --> 01:17:57,083
6005Well, aren't you still in charge
6006of lightning? I know. I know, I know.
6007
60081339
600901:17:57,167 --> 01:17:59,708
6010I'm supposed to say,
6011"Forgive them, Father.
6012
60131340
601401:17:59,792 --> 01:18:01,208
6015They know not what they do."
6016
60171341
601801:18:01,292 --> 01:18:05,875
6019But I think they do know goddamn well
6020what they're doing, they just don't care.
6021
60221342
602301:18:07,292 --> 01:18:11,125
6024Ah, just... If just one of them
6025could say, "I'm sorry,"
6026
60271343
602801:18:11,917 --> 01:18:13,833
6029you know, and mean it.
6030
60311344
603201:18:14,375 --> 01:18:16,583
6033Or go to jail. [chuckles]
6034
60351345
603601:18:17,208 --> 01:18:20,250
6037Or both. Yeah. Hey, that would be nice.
6038
60391346
604001:18:20,333 --> 01:18:21,833
6041How about both?
6042
60431347
604401:18:27,875 --> 01:18:29,750
6045[phone vibrating]
6046
60471348
604801:18:31,625 --> 01:18:33,375
6049Oh... [panting]
6050
60511349
605201:18:35,167 --> 01:18:36,125
6053Yeah?
6054
60551350
605601:18:36,417 --> 01:18:37,583
6057[gasping]
6058
60591351
606001:18:44,875 --> 01:18:46,875
6061[phone rings]
6062
60631352
606401:18:47,083 --> 01:18:49,083
6065-[phone buzzes]
6066-[phone chimes]
6067
60681353
606901:18:49,250 --> 01:18:51,833
6070[ringing and buzzing continue]
6071
60721354
607301:18:58,667 --> 01:19:00,125
6074-[ringing continues]
6075-[grunts]
6076
60771355
607801:19:18,667 --> 01:19:19,708
6079[sighs]
6080
60811356
608201:19:22,083 --> 01:19:24,083
6083[panting]
6084
60851357
608601:19:32,833 --> 01:19:36,083
6087A lot of it's legal,
6088but that's exactly the problem.
6089
60901358
609101:19:37,125 --> 01:19:40,375
6092It's not that they're breaking the laws,
6093it's that the laws are so poorly designed
6094
60951359
609601:19:40,458 --> 01:19:43,083
6097that they allow people,
6098if they've got enough lawyers
6099
61001360
610101:19:43,167 --> 01:19:46,708
6102and enough accountants,
6103to wiggle out of responsibilities
6104
61051361
610601:19:46,792 --> 01:19:50,167
6107that ordinary citizens
6108are having to abide by.
6109
61101362
611101:19:50,250 --> 01:19:54,042
6112We turn now to the banking bombshell
6113causing shock waves around the world,
6114
61151363
611601:19:54,125 --> 01:19:56,000
6117the so-called "Panama Papers",
6118
61191364
612001:19:56,083 --> 01:19:58,583
6121believed to be the biggest data leak
6122in history.
6123
61241365
612501:19:58,667 --> 01:20:02,417
6126Iceland's Prime Minster has stepped down
6127after being named in the papers.
6128
61291366
613001:20:02,500 --> 01:20:04,167
6131Also mentioned in the files,
6132the late father
6133
61341367
613501:20:04,250 --> 01:20:05,875
6136of British Prime Minister David Cameron.
6137
61381368
613901:20:05,958 --> 01:20:08,750
6140We just got in this breaking news
6141from Pakistan. It's an ongoing story.
6142
61431369
614401:20:08,833 --> 01:20:11,458
6145Nawaz Sharif,
6146the Prime Minister, has resigned.
6147
61481370
614901:20:11,542 --> 01:20:13,958
6150...fish for it, or did it just appear?
6151
61521371
615301:20:14,458 --> 01:20:16,875
6154Uh... I got a message late one night,
6155
61561372
615701:20:17,000 --> 01:20:21,250
6158um, and it was from somebody
6159who called himself Mr. John Doe
6160
61611373
616201:20:21,625 --> 01:20:23,917
6163and offered vast amounts of data.
6164
61651374
616601:20:24,000 --> 01:20:27,042
6167And we said yes. So I did not fish for it.
6168
61691375
617001:20:27,125 --> 01:20:28,833
6171It just... You know, it just...
6172
61731376
617401:20:30,417 --> 01:20:32,000
6175came to us like, uh, fate.
6176
61771377
617801:20:33,875 --> 01:20:38,833
6179[Mossack] Uh, we are in the process
6180of an in-depth investigation
6181
61821378
618301:20:39,000 --> 01:20:42,917
6184uh, with experts who have confirmed that,
6185unfortunately,
6186
61871379
618801:20:43,000 --> 01:20:46,750
6189we have been subject
6190to an unauthorized, uh...
6191
61921380
619301:20:46,833 --> 01:20:49,083
6194breach in our email server.
6195
61961381
619701:20:49,167 --> 01:20:52,750
6198We are working
6199with the help of outside consultants
6200
62011382
620201:20:52,833 --> 01:20:55,792
6203to determine the extent
6204to which our system was accessed
6205
62061383
620701:20:55,875 --> 01:20:58,417
6208-by unauthorized persons.
6209-Mm-hm.
6210
62111384
621201:20:59,292 --> 01:21:01,750
6213[clears throat]
6214What do we tell our clients?
6215
62161385
621701:21:03,292 --> 01:21:04,375
6218Well... uh...
6219
62201386
622101:21:04,875 --> 01:21:07,458
6222"We... We regret again any inconvenience
6223
62241387
622501:21:07,542 --> 01:21:09,833
6226that this, um...
6227event may have caused you,
6228
62291388
623001:21:09,917 --> 01:21:14,500
6231and, uh, we thank you
6232for your continued trust and," uh...
6233
62341389
623501:21:16,917 --> 01:21:18,708
6236-Yeah.
6237-Who would have done such a thing?
6238
62391390
624001:21:19,208 --> 01:21:20,375
6241Who is John Doe?
6242
62431391
624401:21:20,458 --> 01:21:22,333
6245Who, exactly?
6246
62471392
624801:21:23,667 --> 01:21:26,917
6249There was a lawsuit in Nevada.
6250
62511393
625201:21:27,667 --> 01:21:30,208
6253We were accused of obstruction of justice,
6254
62551394
625601:21:30,292 --> 01:21:32,708
6257-but that was never proven.
6258-Never.
6259
62601395
626101:21:33,250 --> 01:21:36,833
6262Maybe our opponent
6263stole the data to punish us.
6264
62651396
626601:21:36,917 --> 01:21:39,167
6267Hm. Then again, maybe...
6268
62691397
627001:21:39,750 --> 01:21:43,333
6271maybe it was another law firm,
6272jealous of our success.
6273
62741398
627501:21:43,458 --> 01:21:45,667
6276-Hm.
6277-Such is the nature of all business.
6278
62791399
628001:21:45,750 --> 01:21:49,667
6281Or maybe it was a hacker
6282who found a backdoor
6283
62841400
628501:21:49,750 --> 01:21:52,917
6286to rob us of our reputations
6287and stole our future.
6288
62891401
629001:21:53,042 --> 01:21:57,292
6291An emissary of the meek,
6292not content to wait for their inheritance.
6293
62941402
629501:21:57,375 --> 01:22:01,083
6296Someone who labored under the naive
6297understanding of the world around them.
6298
62991403
630001:22:01,167 --> 01:22:05,375
6301Who blamed us for every, uh, pothole
6302and collapsing bridge,
6303
63041404
630501:22:05,458 --> 01:22:09,958
6306for every, uh, school without books,
6307for every stomach without food.
6308
63091405
631001:22:10,042 --> 01:22:12,042
6311So what did John Doe say about us?
6312
63131406
631401:22:13,375 --> 01:22:17,042
6315"More than just a cog in
6316the machine of 'wealth management',
6317
63181407
631901:22:17,125 --> 01:22:20,750
6320Mossack Fonseca
6321used its influence to write, to--"
6322
63231408
632401:22:20,917 --> 01:22:26,500
6325"To... To write and bend laws worldwide
6326to favor the interests of criminals!"
6327
63281409
632901:22:26,583 --> 01:22:28,542
6330-Now, we didn't write the laws!
6331-Nah.
6332
63331410
633401:22:28,625 --> 01:22:30,292
6335-We just wrote contracts.
6336-Yeah!
6337
63381411
633901:22:30,375 --> 01:22:33,292
6340And isn't John Doe the criminal here?
6341The thief of privacy?
6342
63431412
634401:22:33,375 --> 01:22:36,625
6345Twenty-five years of hard work
6346wiped out in a news cycle!
6347
63481413
634901:22:36,708 --> 01:22:37,542
6350Ugh.
6351
63521414
635301:22:37,625 --> 01:22:41,167
6354We will be closing our offices
6355in, uh, Wyoming,
6356
63571415
635801:22:41,250 --> 01:22:44,292
6359uh, Gibraltar, and, uh, Jersey.
6360
63611416
636201:22:44,625 --> 01:22:46,292
6363In-- In retrospect, uh...
6364
63651417
636601:22:46,417 --> 01:22:51,125
6367I think we... we could have
6368spent more on cyber-security.
6369
63701418
637101:22:51,458 --> 01:22:53,125
6372-Yeah.
6373-Yeah.
6374
63751419
637601:22:54,000 --> 01:22:56,917
6377Fucking British Virgin Islands
6378want to fine us.
6379
63801420
638101:22:57,333 --> 01:23:00,458
6382$440,000. A fine.
6383
63841421
638501:23:00,542 --> 01:23:03,125
6386They should be building
6387a statue of us instead, you know?
6388
63891422
639001:23:03,208 --> 01:23:06,667
6391They would be a pile of sand with
6392a fucking palm tree sticking out of it
6393
63941423
639501:23:06,750 --> 01:23:07,792
6396if not for us!
6397
63981424
639901:23:08,042 --> 01:23:09,375
6400I'm sorry, I shouldn't--
6401
64021425
640301:23:09,500 --> 01:23:10,583
6404[stammers]
6405
64061426
640701:23:10,667 --> 01:23:11,750
6408Uh, and Niue.
6409
64101427
641101:23:11,833 --> 01:23:13,208
6412-[chuckles] Niue.
6413-Niue.
6414
64151428
641601:23:13,292 --> 01:23:14,167
6417-Niue.
6418-No, uh--
6419
64201429
642101:23:14,250 --> 01:23:16,417
6422-Niue would be nothing without us.
6423-Nothing.
6424
64251430
642601:23:16,500 --> 01:23:19,167
6427-[Mossack] We put Niue on the goddamn map!
6428-[Fonseca] We did.
6429
64301431
643101:23:19,250 --> 01:23:21,875
6432There is someone on the phone
6433who is asking questions
6434
64351432
643601:23:21,958 --> 01:23:24,208
6437about something called "Odebrecht".
6438
64391433
644001:23:24,333 --> 01:23:25,792
6441[panting]
6442
64431434
644401:23:30,042 --> 01:23:32,042
6445[men speaking Spanish]
6446
64471435
644801:23:35,917 --> 01:23:38,417
6449[Fonseca] Who sent you? John Doe?
6450
64511436
645201:23:39,083 --> 01:23:41,167
6453Are you John Doe's police force?
6454
64551437
645601:23:41,250 --> 01:23:43,250
6457We are here
6458because President Varela believes
6459
64601438
646101:23:43,333 --> 01:23:45,292
6462you have knowledge
6463about Odebrecht.
6464
64651439
646601:23:45,625 --> 01:23:46,625
6467Odebrecht?
6468
64691440
647001:23:46,708 --> 01:23:49,958
6471A Brazilian construction company that
6472has paid out over three billion dollars
6473
64741441
647501:23:50,042 --> 01:23:51,708
6476in bribes to officials
6477all around the world
6478
64791442
648001:23:51,792 --> 01:23:55,208
6481in order to secure giant contracts
6482in more than a dozen countries.
6483
64841443
648501:23:55,333 --> 01:23:57,833
6486And-- And what does that have
6487to do with my garden?
6488
64891444
649001:24:01,167 --> 01:24:04,625
6491There are dozens of shell companies
6492your firm created for Odebrecht
6493
64941445
649501:24:04,708 --> 01:24:05,958
6496to launder bribes.
6497
64981446
649901:24:06,500 --> 01:24:08,792
6500Companies in Nevada,
6501in the British Virgin Islands.
6502
65031447
650401:24:08,875 --> 01:24:12,167
6505No, no, no, no. We sold those companies
6506to intermediaries.
6507
65081448
650901:24:12,250 --> 01:24:15,708
6510Uh... We-- We had no knowledge of
6511what the money was used for!
6512
65131449
651401:24:15,792 --> 01:24:16,667
6515Mm.
6516
65171450
651801:24:16,792 --> 01:24:18,083
6519Why don't I believe you?
6520
65211451
652201:24:18,208 --> 01:24:19,292
6523Oh, I know why.
6524
65251452
652601:24:19,375 --> 01:24:22,167
6527Europol says nearly 3,500 individuals
6528
65291453
653001:24:22,250 --> 01:24:24,417
6531with companies your firm created
6532
65331454
653401:24:24,500 --> 01:24:26,375
6535are connected to suspected criminals.
6536
65371455
653801:24:26,500 --> 01:24:27,458
6539That's why.
6540
65411456
654201:24:28,250 --> 01:24:29,250
6543Get him out of here.
6544
65451457
654601:24:29,333 --> 01:24:31,958
6547So what?
6548Do you want to know about Odebrecht?
6549
65501458
655101:24:32,042 --> 01:24:33,833
6552-That's why we're here.
6553-You know what? Listen.
6554
65551459
655601:24:33,917 --> 01:24:37,875
6557The highway most of you took to get here
6558this morning was built by Odebrecht.
6559
65601460
656101:24:38,583 --> 01:24:42,500
6562You know, they actually have a department
6563of their company in charge of bribes.
6564
65651461
656601:24:42,583 --> 01:24:43,958
6567-Is that my fault?
6568-[murmuring]
6569
65701462
657101:24:44,042 --> 01:24:46,375
6572They have paid over three billion dollars
6573
65741463
657501:24:46,458 --> 01:24:48,375
6576-in bribes to secure...
6577-No, Ramón, that's enough.
6578
65791464
658001:24:48,458 --> 01:24:50,500
6581...construction contracts
6582all over the world.
6583
65841465
658501:24:50,583 --> 01:24:53,875
6586And I have every reason to believe that
6587President Varela of Panama himself
6588
65891466
659001:24:53,958 --> 01:24:56,500
6591has accepted campaign contributions
6592from Odebrecht!
6593
65941467
659501:24:56,583 --> 01:24:58,875
6596-What? Do you have proof of this?
6597-No, Ramón--
6598
65991468
660001:24:58,958 --> 01:25:02,292
6601May I be struck down by lightning
6602if I am lying.
6603
66041469
660501:25:02,417 --> 01:25:04,167
6606-Who's John Doe?
6607-All right? No, no.
6608
66091470
661001:25:04,250 --> 01:25:07,083
6611President Varela has not defended Panama.
6612
66131471
661401:25:07,167 --> 01:25:10,583
6615We have dropped our pants
6616before the international community,
6617
66181472
661901:25:10,667 --> 01:25:12,750
6620and they are all lining up behind us now.
6621
66221473
662301:25:12,833 --> 01:25:14,292
6624-Enough!
6625-Who is Joe Doe?
6626
66271474
662801:25:14,375 --> 01:25:17,542
6629I don't-- I don't know who John Doe is!
6630Fuck John Doe!
6631
66321475
663301:25:21,208 --> 01:25:26,833
6634I think Ramón wishes he had not said
6635some of the things he said that day
6636
66371476
663801:25:26,917 --> 01:25:28,583
6639about our president.
6640
66411477
664201:25:29,375 --> 01:25:30,250
6643[sighs]
6644
66451478
664601:25:30,958 --> 01:25:33,833
6647These are the kinds of wishes
6648that men have
6649
66501479
665101:25:34,750 --> 01:25:37,000
6652when they are sitting in jail.
6653
66541480
665501:25:38,958 --> 01:25:40,167
6656Father Gallego.
6657
66581481
665901:25:40,625 --> 01:25:41,542
6660[chuckles]
6661
66621482
666301:25:42,083 --> 01:25:45,708
6664Maybe he was a saint
6665and there was no room for him on Earth,
6666
66671483
666801:25:46,000 --> 01:25:48,958
6669so he was, uh... moved to Heaven.
6670
66711484
667201:25:50,792 --> 01:25:53,750
6673Yeah, but there was plenty of room
6674for Jürgen and I.
6675
66761485
667701:25:54,583 --> 01:25:58,625
6678Room for us to keep 215,000 secrets.
6679
66801486
668101:26:00,292 --> 01:26:01,292
6682What?
6683
66841487
668501:26:02,042 --> 01:26:04,375
6686You wanna go back to bananas?
6687
66881488
668901:26:05,542 --> 01:26:07,542
6690-Yeah.
6691-[Fonseca chuckles]
6692
66931489
669401:26:26,333 --> 01:26:28,083
6695So, if we are the losers,
6696
66971490
669801:26:30,000 --> 01:26:31,417
6699then who are the winners?
6700
67011491
670201:26:33,417 --> 01:26:34,417
6703The meek?
6704
67051492
670601:26:35,667 --> 01:26:37,000
6707Children who need books?
6708
67091493
671001:26:39,000 --> 01:26:40,625
6711The poor who need homes?
6712
67131494
671401:26:41,583 --> 01:26:42,625
6715No.
6716
67171495
671801:26:43,917 --> 01:26:45,708
6719The United States.
6720
67211496
672201:26:46,333 --> 01:26:49,500
6723The biggest tax haven in the world.
6724
67251497
672601:26:51,167 --> 01:26:52,458
6727Delaware.
6728
67291498
673001:26:53,583 --> 01:26:54,833
6731Nevada.
6732
67331499
673401:26:56,250 --> 01:26:57,417
6735Wyoming.
6736
67371500
673801:26:59,083 --> 01:27:01,917
6739How much due diligence is happening there?
6740
67411501
674201:27:03,042 --> 01:27:07,208
6743Yes, there is a--
6744a brand new tax law in America.
6745
67461502
674701:27:08,083 --> 01:27:11,750
6748And it does nothing to stop any of this.
6749
67501503
675101:27:13,292 --> 01:27:14,250
6752Huh.
6753
67541504
675501:27:16,750 --> 01:27:19,292
6756Is John Doe on his way there?
6757
67581505
675901:27:25,917 --> 01:27:27,000
6760[Fonseca] Well, uh...
6761
67621506
676301:27:27,500 --> 01:27:29,083
6764We thank you, uh...
6765
67661507
676701:27:29,167 --> 01:27:32,000
6768for listening to our side of the story.
6769
67701508
677101:27:32,917 --> 01:27:35,125
6772Mossack Fonseca... uh...
6773
67741509
677501:27:36,292 --> 01:27:37,333
6776is no more.
6777
67781510
677901:27:37,875 --> 01:27:41,375
6780But there are many other firms
6781just like us.
6782
67831511
678401:27:41,833 --> 01:27:45,667
6785Yeah.
6786Still in business all around the world.
6787
67881512
678901:27:45,958 --> 01:27:49,125
6790And what does John Doe
6791have to say about that?
6792
67931513
679401:27:49,667 --> 01:27:50,875
6795Whoever that is.
6796
67971514
679801:27:51,542 --> 01:27:56,125
6799I do not work for any government
6800or intelligence agency, I never have.
6801
68021515
680301:27:57,208 --> 01:28:00,208
6804My viewpoint is entirely my own,
6805
68061516
680701:28:01,083 --> 01:28:04,083
6808as was my decision to share the documents.
6809
68101517
681101:28:04,708 --> 01:28:07,125
6812I call on the European Commission
6813
68141518
681501:28:07,917 --> 01:28:09,708
6816and the British Parliament,
6817
68181519
681901:28:10,292 --> 01:28:12,208
6820the United States Congress,
6821
68221520
682301:28:12,750 --> 01:28:14,458
6824and all nations
6825
68261521
682701:28:14,958 --> 01:28:19,333
6828to put an end to massive, pervasive...
6829
68301522
683101:28:19,667 --> 01:28:21,042
6832[as Ellen] ...corruption!
6833
68341523
683501:28:24,625 --> 01:28:25,542
6836[sighs]
6837
68381524
683901:28:26,333 --> 01:28:28,292
6840In this system, our system,
6841
68421525
684301:28:29,458 --> 01:28:31,167
6844the slaves are unaware,
6845
68461526
684701:28:31,250 --> 01:28:34,458
6848both of their status and of their masters,
6849
68501527
685101:28:34,542 --> 01:28:36,542
6852who exist in a world apart
6853
68541528
685501:28:36,625 --> 01:28:41,583
6856and where the shackles are hidden
6857amidst reams of...
6858
68591529
686001:28:42,500 --> 01:28:43,917
6861unreachable legalese.
6862
68631530
686401:28:44,000 --> 01:28:48,292
6865It is a result of massive, pervasive
6866corruption of the legal profession.
6867
68681531
686901:28:48,625 --> 01:28:52,500
6870When it takes a whistleblower
6871to sound the alarm,
6872
68731532
687401:28:52,583 --> 01:28:54,667
6875it is cause for even greater concern.
6876
68771533
687801:28:55,708 --> 01:28:58,000
6879'Cause it signals that... [sighs]
6880
68811534
688201:28:58,083 --> 01:29:01,958
6883...democracy's checks
6884and balances have all failed,
6885
68861535
688701:29:02,667 --> 01:29:06,125
6888and that severe... [panting]
6889
68901536
689101:29:06,833 --> 01:29:07,792
6892[snorts]
6893
68941537
689501:29:08,333 --> 01:29:11,125
6896...instability could be just...
6897
68981538
689901:29:13,500 --> 01:29:14,625
6900[sighs heavily]
6901
69021539
690301:29:15,333 --> 01:29:17,250
6904just around the corner. [sniffles]
6905
69061540
690701:29:19,708 --> 01:29:22,333
6908So... now...
6909
69101541
691101:29:23,208 --> 01:29:24,417
6912is the time...
6913
69141542
691501:29:25,250 --> 01:29:26,417
6916for real action.
6917
69181543
691901:29:28,042 --> 01:29:30,583
6920It starts with asking questions.
6921
69221544
692301:29:31,375 --> 01:29:36,292
6924Tax evasion cannot possibly be fixed...
6925[chuckling]
6926
69271545
692801:29:36,625 --> 01:29:40,000
6929while elected officials
6930are pleading for money
6931
69321546
693301:29:40,083 --> 01:29:42,375
6934from the very elites
6935
69361547
693701:29:43,917 --> 01:29:46,417
6938who have
6939the strongest incentives to avoid taxes...
6940
69411548
694201:29:47,292 --> 01:29:49,792
6943relative to any other segment
6944of the population.
6945
69461549
694701:29:51,208 --> 01:29:52,125
6948Yeah.
6949
69501550
695101:29:52,208 --> 01:29:53,083
6952These...
6953
69541551
695501:29:54,917 --> 01:29:57,542
6956political practices
6957have come full circle
6958
69591552
696001:29:58,000 --> 01:29:59,667
6961and are irreconcilable.
6962
69631553
696401:30:01,542 --> 01:30:02,542
6965[sighs heavily]
6966
69671554
696801:30:03,875 --> 01:30:05,042
6969Reform...
6970
69711555
697201:30:06,375 --> 01:30:12,542
6973of America's broken campaign
6974finance system cannot wait.
6975
69761556
697701:30:24,625 --> 01:30:26,625
6978[gentle wind blowing]
6979
69801557
698101:34:22,875 --> 01:34:28,583
6982Subtitle translation by