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1
00:00:14,417 --> 00:00:18,083
[man] First of all, there are some things
you should know before we begin.

2
00:00:18,167 --> 00:00:22,458
[man 2] For instance, we are real people,
just like you.

3
00:00:22,708 --> 00:00:25,208
[man] Secondly,
we did not write a word of this.

4
00:00:25,375 --> 00:00:26,625
To be perfectly frank,

5
00:00:26,708 --> 00:00:29,500
we would have preferred
all of this remain a secret.

6
00:00:29,625 --> 00:00:31,792
[man 2] But we had no choice
in the matter.

7
00:00:31,875 --> 00:00:35,333
We just woke up one day
and everything changed.

8
00:00:35,500 --> 00:00:37,875
[man] There were stories about us
everywhere:

9
00:00:38,125 --> 00:00:40,667
TV, newspapers, and the internet.

10
00:00:40,917 --> 00:00:44,167
[man 2] And now it is our turn
to tell a few stories.

11
00:00:44,458 --> 00:00:47,917
Think of them as fairy tales
that actually happened.

12
00:00:48,375 --> 00:00:51,750
[man] Don't worry,
these stories are not just about us.

13
00:00:52,250 --> 00:00:53,792
They're also about you.

14
00:00:54,042 --> 00:00:55,833
[man 2] And how is that possible?

15
00:00:56,167 --> 00:01:00,167
[man] Because all these stories
are about money.

16
00:01:00,500 --> 00:01:04,042
[man 2] The idea of money.
The necessity of money.

17
00:01:04,583 --> 00:01:07,125
The secret life of money.

18
00:01:07,333 --> 00:01:10,375
[man] Before money,
there was only the barter system.

19
00:01:10,458 --> 00:01:14,500
You tried to trade what you had
or you could do for what you needed.

20
00:01:14,708 --> 00:01:17,167
You have bananas, but you need a cow.

21
00:01:17,542 --> 00:01:19,833
I have a cow, but I hate bananas.

22
00:01:19,917 --> 00:01:23,417
So, as you can imagine,
there was a limit to this system.

23
00:01:23,625 --> 00:01:27,708
Bananas turn brown over time
and cows can, you know, wander away.

24
00:01:27,792 --> 00:01:31,458
So an agreed-upon
medium of exchange was needed.

25
00:01:31,833 --> 00:01:33,917
What is a medium of exchange?

26
00:01:34,792 --> 00:01:38,000
-Well, it could be a... a nugget of gold.
-[grunting]

27
00:01:38,083 --> 00:01:41,833
Or some other shiny rocks
that are generally found to be scarce.

28
00:01:42,333 --> 00:01:45,583
It could be a... a slip of paper

29
00:01:46,458 --> 00:01:47,708
-with words on it...
-Aah!

30
00:01:47,792 --> 00:01:49,875
...or pictures of powerful people.

31
00:01:50,250 --> 00:01:51,667
And if you read those words,

32
00:01:51,750 --> 00:01:55,958
you will see that they are arranged
into a promise of value.

33
00:01:56,042 --> 00:01:58,250
[grunting]

34
00:01:59,333 --> 00:02:00,750
[chuckles]

35
00:02:00,833 --> 00:02:02,458
-Slips of paper...
-[phone alert]

36
00:02:02,542 --> 00:02:06,708
...which you cannot peel and eat,
and do not give milk

37
00:02:06,792 --> 00:02:09,125
are what we all agreed
to call "money."

38
00:02:09,417 --> 00:02:14,083
And these slips gave birth
to many other pieces of paper

39
00:02:14,167 --> 00:02:17,167
-with more writing on them.
-[grunting and gasping]

40
00:02:17,250 --> 00:02:23,083
And some of those words,
they told the story of credit.

41
00:02:24,292 --> 00:02:26,667
Oh, stay with us now,
this is important.

42
00:02:27,625 --> 00:02:33,375
Credit is an invention that meant
you no longer needed to carry around, uh,

43
00:02:33,583 --> 00:02:36,375
millions of bananas on slips of paper.

44
00:02:36,458 --> 00:02:39,250
So, you now have something invisible,
credit,

45
00:02:39,333 --> 00:02:42,292
standing in for something tangible,
a cow.

46
00:02:42,375 --> 00:02:44,458
Credit said that even if you didn't have

47
00:02:44,625 --> 00:02:47,583
all the bananas you need
for what you want,

48
00:02:48,208 --> 00:02:50,417
you could borrow bananas

49
00:02:50,958 --> 00:02:52,667
from the future.

50
00:02:52,750 --> 00:02:57,250
So, credit is just the future tense
of the language of money.

51
00:02:59,250 --> 00:03:01,125
Speaking of the future...

52
00:03:01,500 --> 00:03:04,958
[man] Uh, things have gotten
a little more complicated.

53
00:03:05,042 --> 00:03:07,500
Actually, a lot more complicated.

54
00:03:07,583 --> 00:03:10,833
There is more money than ever before.

55
00:03:10,917 --> 00:03:13,667
Our money has more names
than ever before.

56
00:03:13,750 --> 00:03:18,167
[shouting]
Commodities, loans, stocks, and bonds.

57
00:03:18,250 --> 00:03:21,000
Funds and funds of funds.

58
00:03:21,083 --> 00:03:24,667
Futures, equity,
derivatives, securitized debt,

59
00:03:24,750 --> 00:03:26,208
shorts and margin calls.

60
00:03:26,292 --> 00:03:28,000
Financial instruments.

61
00:03:28,167 --> 00:03:29,208
Words.

62
00:03:29,583 --> 00:03:31,333
-Invisible.
-[laughs]

63
00:03:31,417 --> 00:03:32,583
Abstract.

64
00:03:33,708 --> 00:03:35,583
Very different from cows.

65
00:03:35,917 --> 00:03:37,917
[gentle piano music playing]

66
00:03:45,958 --> 00:03:49,375
[humming]

67
00:04:02,625 --> 00:04:04,417
Morning has broken.

68
00:04:04,500 --> 00:04:06,292
-[man] Morning.
-Mwah!

69
00:04:06,458 --> 00:04:08,417
-Come on, buddy.
-What time is it?

70
00:04:08,500 --> 00:04:09,917
It's time.

71
00:04:10,500 --> 00:04:12,583
[clears throat]
Did you remember to take all your--

72
00:04:12,667 --> 00:04:13,500
Yes!

73
00:04:14,042 --> 00:04:17,208
-You didn't even let me finish.
-I took them, I took everything.

74
00:04:18,083 --> 00:04:19,542
-Big fat liar.
-I'm not.

75
00:04:19,625 --> 00:04:21,583
You know,
they're not gonna wait for us, Joe.

76
00:04:21,667 --> 00:04:22,625
Okay, yeah.

77
00:04:22,708 --> 00:04:24,458
-So....
-I can't do the laces.

78
00:04:24,542 --> 00:04:27,042
-You can have this. I'll take this off.
-No, I'm all right.

79
00:04:27,125 --> 00:04:29,792
-I think it's gonna warm up.
-Oh, look. They haven't left yet.

80
00:04:29,875 --> 00:04:31,958
-No, no, we're all right.
-[chuckling] Oh, gosh.

81
00:04:32,042 --> 00:04:33,042
We're all right.

82
00:04:33,958 --> 00:04:35,417
If they ask about it.

83
00:04:35,500 --> 00:04:37,000
-They'll save a place for us.
-Yeah.

84
00:04:37,083 --> 00:04:38,583
-You think?
-Yeah.

85
00:04:38,750 --> 00:04:40,625
-There they are.
-Drop a line in.

86
00:04:40,708 --> 00:04:41,958
What would you catch?

87
00:04:42,333 --> 00:04:44,125
-Oh, here's Barb. Hi.
-Probably an old boot.

88
00:04:44,208 --> 00:04:47,333
-Hey. Sorry.
-The line's movin', it's okay.

89
00:04:47,417 --> 00:04:49,292
Tryin' to move him out is like,
you know...

90
00:04:49,375 --> 00:04:50,333
Yep.

91
00:04:50,792 --> 00:04:53,750
All right. Yeah, that's great.
I'm glad. I didn't remember.

92
00:04:55,167 --> 00:04:57,167
-Shall we let them go, or...
-Uh...

93
00:04:58,792 --> 00:04:59,792
That's it.

94
00:04:59,875 --> 00:05:02,958
-Careful on this thing, it gets tricky.
-Yeah, it gets a little slippery.

95
00:05:04,125 --> 00:05:05,583
-Okay.
-Thank you.

96
00:05:08,250 --> 00:05:09,208
Honey?

97
00:05:09,583 --> 00:05:11,292
Yeah? Oh, look, a place. Oh.

98
00:05:12,042 --> 00:05:13,542
-Oh, and leg room..
-Yeah.

99
00:05:13,625 --> 00:05:14,458
...to boot.

100
00:05:15,792 --> 00:05:16,625
Sweet.

101
00:05:18,417 --> 00:05:20,417
[boat engine whirring]

102
00:05:30,000 --> 00:05:31,708
Good afternoon, Trenton travelers.

103
00:05:32,125 --> 00:05:33,250
This is Richard Paris.

104
00:05:33,333 --> 00:05:36,500
I'll be your captain here
on historic Lake George.

105
00:05:36,583 --> 00:05:42,208
We got a magnificent fall day,
so sit back and relax and enjoy the view.

106
00:05:44,167 --> 00:05:45,708
[Joe's wife] Posh seats, huh?

107
00:05:45,792 --> 00:05:46,833
-No.
-[chuckles]

108
00:05:46,917 --> 00:05:49,625
Hey, you know where
the word "posh" comes from?

109
00:05:49,708 --> 00:05:51,875
-Do you know, Barb?
-No idea, El.

110
00:05:52,167 --> 00:05:54,500
Oh, is this one
of your crossword puzzle things

111
00:05:54,583 --> 00:05:57,625
-or a fun fact off a calendar?
-[El laughs] Go on, tell her.

112
00:05:57,833 --> 00:06:00,375
The posh seats on a boat, the good seats,

113
00:06:00,583 --> 00:06:04,292
were called that because when cruises went
from England to Africa,

114
00:06:04,375 --> 00:06:07,833
if you were sitting on the port side
on the way there, you saw land.

115
00:06:07,917 --> 00:06:11,625
Yeah, and when you would go back,
you'd want to sit on the starboard side,

116
00:06:11,708 --> 00:06:14,292
so that you're not
lookin' out at nothing all day.

117
00:06:14,667 --> 00:06:16,958
Port Out, Starboard Home.

118
00:06:17,333 --> 00:06:20,542
P-O-S-H. It's... It's a... an acronym.

119
00:06:20,625 --> 00:06:21,458
[El] Yeah.

120
00:06:21,958 --> 00:06:24,167
Boy, you guys sure know a lot of trivia.

121
00:06:24,625 --> 00:06:28,042
Well, you weren't just staring at nothing.

122
00:06:28,125 --> 00:06:32,833
I-- I mean, if you had eyes at all,
you'd be looking at something.

123
00:06:32,917 --> 00:06:36,458
Maybe clouds or whales, but something.

124
00:06:38,667 --> 00:06:39,667
Maybe.

125
00:06:39,833 --> 00:06:41,792
All right, comin' up
on your right-hand side

126
00:06:41,875 --> 00:06:43,958
just a couple meters beneath the surface

127
00:06:45,042 --> 00:06:47,583
is the Sunken Fleet of 1758.

128
00:06:48,500 --> 00:06:51,500
-[woman] Oh, that's what that is.
-British soldiers stationed on the lake

129
00:06:51,583 --> 00:06:54,292
sank over 260 vessels to keep them

130
00:06:54,375 --> 00:06:56,917
-from being captured by the French.
-[woman] Amazing it's lasted.

131
00:06:58,000 --> 00:06:58,958
Captain?

132
00:07:01,917 --> 00:07:03,833
Ah, shit, where did that come from?

133
00:07:07,708 --> 00:07:09,250
[yelling and screaming]

134
00:07:10,417 --> 00:07:11,625
[man] Whoa!

135
00:07:15,542 --> 00:07:17,542
[rising screaming]

136
00:07:18,292 --> 00:07:19,292
[silence]

137
00:07:19,750 --> 00:07:20,750
[creaking]

138
00:07:41,333 --> 00:07:44,542
Ellen and Joe went on their honeymoon
in Niagara Falls

139
00:07:44,625 --> 00:07:47,833
and they were on their way back there
the day we lost Joe.

140
00:07:49,000 --> 00:07:54,000
His dear friend Norm Sidley told me that
Joe had a ruby pendant in his pocket

141
00:07:54,083 --> 00:07:56,375
that he planned to give to Ellen
at the Falls,

142
00:07:56,458 --> 00:07:58,208
because a 40th anniversary...

143
00:07:59,875 --> 00:08:00,875
is ruby,

144
00:08:02,167 --> 00:08:03,750
a stone of uncommon beauty.

145
00:08:05,542 --> 00:08:07,417
And Joe Martin was just as rare.

146
00:08:09,500 --> 00:08:12,875
The common man has become
anything but that.

147
00:08:14,500 --> 00:08:17,042
Men who love their wives without stopping.

148
00:08:17,125 --> 00:08:19,833
Men who are there for their children
without fail.

149
00:08:20,333 --> 00:08:23,792
Men who pay their taxes
and shovel their neighbor's walk.

150
00:08:25,125 --> 00:08:28,500
Men who drive the speed limit, even
when there's nobody there to watch them.

151
00:08:28,708 --> 00:08:32,167
This is the 14th of 21 funerals

152
00:08:32,500 --> 00:08:35,167
that this tragedy has visited
upon our community.

153
00:08:37,125 --> 00:08:40,583
Each one sharpening the pain
of our shared loss.

154
00:08:44,250 --> 00:08:48,375
So... So, what happens next?
What do we do next?

155
00:08:49,250 --> 00:08:53,583
[man] Well, uh, Shoreline Cruises,
like most of these outfits,

156
00:08:53,667 --> 00:08:56,125
they have insurance
for accidents and such.

157
00:08:56,958 --> 00:09:00,792
And that involves filing a claim,
which they have done with the carrier.

158
00:09:00,875 --> 00:09:05,250
So basically, they drowned Joe
and 20 other innocent people,

159
00:09:05,333 --> 00:09:07,333
and you can get insurance for that?

160
00:09:07,417 --> 00:09:08,417
[Ellen chuckles]

161
00:09:08,500 --> 00:09:14,250
You know, Gwen Musgrave says that she can
still feel Bucky Mecklenberg's actual hand

162
00:09:14,625 --> 00:09:19,125
on her leg, pullin' it, tryin' to get up
to the surface to get the air.

163
00:09:19,458 --> 00:09:22,875
You know, she feels it in the middle
of the night, just layin' there.

164
00:09:24,667 --> 00:09:27,000
Drowning man's hand on her leg. Whew.

165
00:09:27,458 --> 00:09:29,667
What kind of compensation is there
for that?

166
00:09:30,125 --> 00:09:33,917
Well, Shoreline is tellin' me that they
bought a policy from one company

167
00:09:34,000 --> 00:09:36,792
and then they were reinsured
through another company.

168
00:09:37,542 --> 00:09:42,417
But I'm expecting a settlement offer
in the mid-seven figures as a start.

169
00:09:42,667 --> 00:09:44,042
Here's what they're saying.

170
00:09:44,125 --> 00:09:45,417
-Who?
-United.

171
00:09:46,417 --> 00:09:49,083
I thought our insurance was
through that firm Monarch.

172
00:09:49,167 --> 00:09:50,208
It was. Uh--

173
00:09:50,292 --> 00:09:52,625
We did. Well, actually, GPOA.

174
00:09:52,958 --> 00:09:54,000
And what's that?

175
00:09:54,083 --> 00:09:57,667
Global Property Owners Association.
That's who insured this place.

176
00:09:57,750 --> 00:09:59,792
And they insured the boat as well.

177
00:10:00,292 --> 00:10:01,875
-So what's Monarch?
-[sighs]

178
00:10:01,958 --> 00:10:04,083
GPOA became Monarch.

179
00:10:04,458 --> 00:10:07,000
But now this guy, Mr. Purser,

180
00:10:07,083 --> 00:10:12,250
is saying that Monarch itself is insured
by-- by a firm called, uh, United.

181
00:10:13,333 --> 00:10:16,583
So United takes over the policy
from Monarch.

182
00:10:18,083 --> 00:10:19,667
So United is gonna pay.

183
00:10:20,375 --> 00:10:23,292
That's the thing. We got this note saying,

184
00:10:24,333 --> 00:10:26,833
"The money you have already saved
on your insurance

185
00:10:26,917 --> 00:10:30,333
is nothing in comparison to having
an accident with one of your boats

186
00:10:30,417 --> 00:10:32,958
while operating them on the lake,
where they have no coverage.

187
00:10:33,750 --> 00:10:36,542
I strongly urge you
to reconsider the quote

188
00:10:36,625 --> 00:10:39,833
for marine liability and hull coverage
on your entire fleet.

189
00:10:40,042 --> 00:10:42,583
I realize that you know the lake
much better than we do

190
00:10:42,667 --> 00:10:46,667
and you have never had an accident before,
but this is our recommendation to you."

191
00:10:47,625 --> 00:10:50,250
No coverage? Who said that?

192
00:10:50,333 --> 00:10:51,667
Purser at Monarch.

193
00:10:52,042 --> 00:10:54,083
But I thought you said Monarch is United.

194
00:10:54,167 --> 00:10:55,208
Right, it is.

195
00:10:55,292 --> 00:10:57,917
And Monarch is saying
that our policy expired be--

196
00:10:58,792 --> 00:11:00,042
before the accident,

197
00:11:00,375 --> 00:11:02,542
so United is off the hook.

198
00:11:04,917 --> 00:11:06,042
Jesus.

199
00:11:07,208 --> 00:11:08,292
You let it lapse?

200
00:11:08,375 --> 00:11:11,542
-No. No, I--
-And we're gonna be exposed here?

201
00:11:11,625 --> 00:11:13,750
-Us personally?
-No. It's not true...

202
00:11:14,083 --> 00:11:14,917
Rich.

203
00:11:15,333 --> 00:11:17,333
[phone rings]

204
00:11:19,375 --> 00:11:20,708
[woman] You gonna answer?

205
00:11:22,917 --> 00:11:25,042
[man] What area code is 518? You know?

206
00:11:25,667 --> 00:11:27,917
-[woman] Europe?
-[phone continues ringing]

207
00:11:28,083 --> 00:11:30,708
[man] It's not Europe.
Europe have different numbers.

208
00:11:30,792 --> 00:11:32,750
[woman] If you answered, you could ask.

209
00:11:34,792 --> 00:11:37,625
You didn't sign these, Irvin.

210
00:11:37,708 --> 00:11:41,083
These were supposed to be sent back
to Mossack Fonseca days ago.

211
00:11:44,625 --> 00:11:48,917
RDPS Trading, TEP Consulting,
Wilkinson Systems Limited.

212
00:11:49,000 --> 00:11:52,167
You need to be signing where it says
"Director" on all of these.

213
00:11:52,625 --> 00:11:55,625
I need to fax these back to Panama
by the end of the day.

214
00:11:57,042 --> 00:11:57,875
Irvin!

215
00:12:01,625 --> 00:12:02,625
[Irvin sighs]

216
00:12:02,875 --> 00:12:05,500
That's $15 a signature, sweetie.

217
00:12:08,750 --> 00:12:11,708
Also, Christopher Purser
called from Houston,

218
00:12:11,792 --> 00:12:15,000
said there's a problem
with the Monarch-United arrangement.

219
00:12:15,083 --> 00:12:16,417
What kinda problem?

220
00:12:17,042 --> 00:12:18,500
Boat sank in New York.

221
00:12:20,000 --> 00:12:22,708
Twenty-one people died.
He wants to know what to do.

222
00:12:22,792 --> 00:12:24,625
You want me to get him on the phone?

223
00:12:33,708 --> 00:12:37,167
Hey, this is Matthew Quirk
calling for Mr. Boncamper.

224
00:12:37,250 --> 00:12:41,250
Uh, my lawyer says you're the nominee
director for United Reinsurance.

225
00:12:41,333 --> 00:12:44,375
I filed an accident claim
for Shoreline Cruises

226
00:12:44,458 --> 00:12:46,875
and I need to speak with you
as soon as possible.

227
00:12:46,958 --> 00:12:48,958
My number is area code 518--

228
00:12:49,375 --> 00:12:50,333
Shit.

229
00:12:50,792 --> 00:12:52,292
I got some bad news.

230
00:12:54,000 --> 00:12:56,875
A very unfortunate turn of events.

231
00:12:57,792 --> 00:13:01,333
Mr. Purser, who sold us the policy
down in Houston

232
00:13:01,417 --> 00:13:03,458
is, um... under investigation

233
00:13:03,542 --> 00:13:07,667
by some sort of professional
oversight organization there in Texas.

234
00:13:07,750 --> 00:13:09,917
He's not allowed
to sell insurance anymore.

235
00:13:10,375 --> 00:13:12,875
Ever. The IRS is involved.

236
00:13:12,958 --> 00:13:18,208
There were gyms with claims
and, uh, nursing homes with claims.

237
00:13:19,708 --> 00:13:21,042
We're not the only ones.

238
00:13:21,833 --> 00:13:24,000
Uh, they said, "Get in line." [chuckles]

239
00:13:28,208 --> 00:13:30,125
I was tryin' to save some money, Rich.

240
00:13:32,833 --> 00:13:36,375
And they were cheaper.
Monarch was... they were much cheaper.

241
00:13:37,167 --> 00:13:40,708
We were expanding the restaurant
and buying a second boat.

242
00:13:42,000 --> 00:13:44,583
[Rich] Matty, they're gonna come
after us, aren't they?

243
00:13:46,625 --> 00:13:49,125
I can't sleep at night. Um...

244
00:13:50,167 --> 00:13:52,208
I have dreams about those people.

245
00:13:54,167 --> 00:13:58,083
Faces floating up in the waves,
bodies washin' up on the beach.

246
00:13:58,167 --> 00:13:59,167
Beach by my house.

247
00:14:03,542 --> 00:14:05,500
Maybe we could try to settle with 'em.

248
00:14:05,750 --> 00:14:08,833
Of course, we--
Of course, we want to settle.

249
00:14:10,750 --> 00:14:12,958
We are hat in hand here, Rich.

250
00:14:14,417 --> 00:14:17,958
Hat in hand, wanting to settle
with the best of intentions.

251
00:14:19,125 --> 00:14:21,125
[gentle jazz plays]

252
00:14:29,583 --> 00:14:31,583
-What do you think?
-Let's go!

253
00:14:31,667 --> 00:14:32,833
-Whoo!
-Whoa!

254
00:14:32,917 --> 00:14:34,625
I know! Automatic! [laughs]

255
00:14:37,708 --> 00:14:40,292
-Sometimes I get lost. Okay...
-This way?

256
00:14:40,375 --> 00:14:41,875
-All the way down there.
-[child] Whoo!

257
00:14:41,958 --> 00:14:43,458
There, right to the elevator.

258
00:14:43,917 --> 00:14:45,542
-Good boy.
-Oh, wow.

259
00:14:45,625 --> 00:14:47,042
-Whoa!
-[laughing]

260
00:14:47,125 --> 00:14:49,875
-Waah-oooh!
-Whoo! [laughing]

261
00:14:49,958 --> 00:14:51,833
-I'm gonna catch you!
-No, you're not!

262
00:14:51,917 --> 00:14:54,375
-Oh, Mom, this is so great.
-I know.

263
00:14:55,875 --> 00:14:57,333
Think your dad would approve?

264
00:14:58,458 --> 00:15:00,167
-He'd love it, Mom.
-[boy] Come on!

265
00:15:00,417 --> 00:15:02,000
-[girl] Oh, no!
-I think so too.

266
00:15:02,083 --> 00:15:04,625
Hey, kids, come here, come here. Look.

267
00:15:05,167 --> 00:15:07,000
-Can you see the Eiffel Tower?
-What?

268
00:15:07,083 --> 00:15:08,583
-Can you see it?
-Yeah.

269
00:15:08,667 --> 00:15:10,208
It looks like Paris, France.

270
00:15:11,083 --> 00:15:12,917
-Wait.
-Can you see? Kaylen, look.

271
00:15:13,500 --> 00:15:15,917
They light it up all night long.
It's so pretty.

272
00:15:16,000 --> 00:15:18,083
But here's the best, best, best part.

273
00:15:18,500 --> 00:15:19,958
Can you see by the palm tree?

274
00:15:20,167 --> 00:15:21,833
-Oh, yes, I can.
-Yeah.

275
00:15:23,458 --> 00:15:27,708
Years ago, there was a guy there who
could write your name on a grain of rice.

276
00:15:27,792 --> 00:15:30,125
-What?
-For 25 cents.

277
00:15:30,208 --> 00:15:31,708
-That's a bargain.
-I know.

278
00:15:31,792 --> 00:15:33,417
-Whoa.
-And...

279
00:15:33,792 --> 00:15:38,458
that corner is the corner
where I met your grandfather.

280
00:15:40,125 --> 00:15:41,708
-Oh.
-[clears throat]

281
00:15:42,333 --> 00:15:44,083
He was here for a tire convention,

282
00:15:44,167 --> 00:15:48,375
and I was here
'cause my girlfriend's bachelorette party.

283
00:15:49,000 --> 00:15:52,667
And he took me to see Diana Ross
at Caesars.

284
00:15:53,292 --> 00:15:55,250
How he got those tickets...

285
00:15:55,375 --> 00:15:58,208
Although he did tell me later
that he stole 'em

286
00:15:58,292 --> 00:16:00,458
-out of his boss's briefcase.
-[giggling]

287
00:16:00,542 --> 00:16:02,750
-[gasps]
-Which is bad. [chuckles]

288
00:16:03,292 --> 00:16:06,875
But he said that he knew her from Detroit.

289
00:16:07,250 --> 00:16:08,708
He sold her tires.

290
00:16:09,208 --> 00:16:12,542
This is one of the Supremes.
I don't think so.

291
00:16:13,875 --> 00:16:16,417
Anyway, she came out onstage and he said,

292
00:16:17,708 --> 00:16:22,375
"The most beautiful woman
I have ever seen in my whole life."

293
00:16:25,000 --> 00:16:28,000
But then he leaned over to me
and he said, "Except for you."

294
00:16:29,042 --> 00:16:30,250
-Aw.
-Was he kidding?

295
00:16:30,500 --> 00:16:32,917
Oh! "Was he kidding?"

296
00:16:33,000 --> 00:16:34,917
[laughing]

297
00:16:35,875 --> 00:16:40,458
So, I was supposed to drive back
to Sacramento with Connie, but I didn't.

298
00:16:40,792 --> 00:16:44,083
I stayed the whole weekend,
'cause it was Labor Day weekend.

299
00:16:44,208 --> 00:16:48,208
And we, uh... we went to the Jerry Lewis
muscular dystrophy telethon,

300
00:16:48,292 --> 00:16:49,583
saw that live.

301
00:16:50,333 --> 00:16:53,917
We went and got mai tai
after mai tai after mai tai.

302
00:16:54,000 --> 00:16:55,458
What's a mai tai?

303
00:16:55,833 --> 00:16:58,625
[Ellen] Oh, that's a Hawaiian
fertility drug, honey.

304
00:16:59,000 --> 00:17:00,625
-[chuckles]
-Mom.

305
00:17:01,042 --> 00:17:04,000
Your mom was conceived
under a paper umbrella

306
00:17:04,083 --> 00:17:06,583
when we were $68 up at slots.

307
00:17:06,708 --> 00:17:09,292
Yeah! [laughing loudly]

308
00:17:09,417 --> 00:17:11,792
Okay, listen, kids,
why don't you put your swimsuits on?

309
00:17:11,875 --> 00:17:13,458
-There is a pool on the roof.
-Really?

310
00:17:13,542 --> 00:17:15,292
-Yeah.
-Oh, my goodness.

311
00:17:16,167 --> 00:17:18,500
-Pool, here I come.
-Pool, here I come.

312
00:17:19,375 --> 00:17:20,208
[girl] Whoo!

313
00:17:20,292 --> 00:17:21,833
-Mrs. Martin?
-[Ellen] Yeah?

314
00:17:22,333 --> 00:17:23,500
-Hi, Hannah!
-Hi--

315
00:17:23,583 --> 00:17:25,292
-This is my daughter, Melanie.
-Hi.

316
00:17:25,375 --> 00:17:27,000
-Did you get my message?
-And my grandkid--

317
00:17:27,083 --> 00:17:28,875
-What? No, what me--
-I left you a message.

318
00:17:28,958 --> 00:17:32,833
Oh. Well, I've been so busy with
the yard sale and the packing and the--

319
00:17:32,917 --> 00:17:35,125
I'm not sure my mom knows how
to check her messages.

320
00:17:35,208 --> 00:17:37,167
I've been stayin' with her
out in Denver, so--

321
00:17:37,250 --> 00:17:40,167
Hey, let me-- Kids, come here.
I want you to meet somebody.

322
00:17:40,667 --> 00:17:41,917
-This is...
-Hello!

323
00:17:42,000 --> 00:17:43,958
...Kaylen! And this is Thalia.

324
00:17:44,042 --> 00:17:45,292
-Hello!
-Ah.

325
00:17:45,375 --> 00:17:48,083
She is a great butterfly swimmer.

326
00:17:48,167 --> 00:17:49,125
Mwah!

327
00:17:49,208 --> 00:17:50,542
[Melanie] Olympic hopeful.

328
00:17:50,625 --> 00:17:51,833
Bet you got your swimsuit on

329
00:17:51,917 --> 00:17:53,667
-underneath that shirt, don't you?
-Yeah!

330
00:17:53,750 --> 00:17:55,125
[Kaylen] Pick me up!

331
00:17:55,208 --> 00:17:58,208
Do you-- Do you just--
I'd like to speak to you for a minute.

332
00:17:58,292 --> 00:18:00,292
-If we could just....
-Oh, sure, sure.

333
00:18:00,375 --> 00:18:02,042
Okay, we're gonna go swimming soon.

334
00:18:02,125 --> 00:18:04,000
-Here, wait here.
-Mom, I wanna go swimming.

335
00:18:04,083 --> 00:18:06,083
-Let's play I Spy. What do you see?
-[Kaylen] Me too.

336
00:18:06,167 --> 00:18:08,208
-What do you see?
-[Thalia] I spy something blue.

337
00:18:10,042 --> 00:18:11,542
This unit's been sold.

338
00:18:12,292 --> 00:18:13,917
-What?
-Not to you.

339
00:18:16,042 --> 00:18:17,708
Well, where-- Can't I-- Wh--

340
00:18:18,750 --> 00:18:22,208
What's the word? Counter? Counter.
Can't I even counter?

341
00:18:22,708 --> 00:18:25,333
They paid double the asking price.
In cash.

342
00:18:26,042 --> 00:18:28,708
And they bought three units
that they want to combine.

343
00:18:29,833 --> 00:18:31,542
So what do I-- What happens to me?

344
00:18:32,292 --> 00:18:35,625
Well, I have a wonderful
one-bedroom Bristol.

345
00:18:36,000 --> 00:18:37,958
It has Italian marble everywhere.

346
00:18:38,042 --> 00:18:40,625
-I don't care about marble.
-I could show you. It'd be great.

347
00:18:40,708 --> 00:18:43,125
No, I don't care.
I just want to look out and see Joe.

348
00:18:44,292 --> 00:18:46,750
-Joe?
-I want to look out and see my corner.

349
00:18:48,625 --> 00:18:51,583
Well, okay. I don't have anything
facing that direction,

350
00:18:51,667 --> 00:18:58,167
but I do have a three-bedroom Hennessey
facing north.

351
00:18:58,250 --> 00:18:59,417
-It's gorgeous.
-No.

352
00:18:59,500 --> 00:19:00,750
-I could show you that?
-No.

353
00:19:00,833 --> 00:19:02,542
-No, not north.
-It's really wonderful.

354
00:19:02,625 --> 00:19:04,375
-I could--
-Fuck north. No.

355
00:19:04,792 --> 00:19:07,875
I am puttin' down the settlement money
from the accident.

356
00:19:09,333 --> 00:19:12,042
I look out there
and I see him smilin' at me,

357
00:19:12,125 --> 00:19:13,500
holdin' two tickets.

358
00:19:13,583 --> 00:19:14,583
You see who?

359
00:19:14,667 --> 00:19:17,167
Two tickets to the rest of my life.

360
00:19:18,417 --> 00:19:23,625
I walk around Detroit, I see him reachin'
up for dead leaves in a lake. [gasps]

361
00:19:25,042 --> 00:19:26,042
[groans]

362
00:19:26,167 --> 00:19:29,000
If these people,
whoever they are, if they knew...

363
00:19:29,292 --> 00:19:30,708
I could explain it to 'em.

364
00:19:31,042 --> 00:19:34,958
-There are so many places they could live.
-I can't give you their name, by law.

365
00:19:35,042 --> 00:19:37,375
-[sighs]
-Maybe you could talk to their lawyer.

366
00:19:37,458 --> 00:19:39,500
[gasps] That's right.
I could write 'em a letter.

367
00:19:39,583 --> 00:19:42,083
That wouldn't be
an invasion of anybody's privacy.

368
00:19:42,167 --> 00:19:44,958
-I can't give you their name.
-Or if I could just talk to 'em.

369
00:19:45,042 --> 00:19:46,542
-Why?
-Privacy.

370
00:19:47,042 --> 00:19:50,583
Cash. Who pays cash?

371
00:19:51,458 --> 00:19:52,583
[whispers] Russians.

372
00:19:55,083 --> 00:19:57,250
Aren't we going swimming?

373
00:19:57,333 --> 00:19:59,542
-[laughs sadly]
-Aren't we going swimming?

374
00:19:59,625 --> 00:20:02,208
Mom, what's wrong? What did she say?

375
00:20:02,500 --> 00:20:03,333
[sighs]

376
00:20:03,667 --> 00:20:05,417
-You okay, Grandma?
-Mom, what is it?

377
00:20:05,500 --> 00:20:07,083
-Yes, I'm fine.
-Are you sure?

378
00:20:07,750 --> 00:20:10,083
[men speaking Russian]

379
00:20:13,000 --> 00:20:15,250
-Grandma, can I go to the pool?
-[Hannah speaks Russian]

380
00:20:15,333 --> 00:20:16,333
Wait a second.

381
00:20:16,417 --> 00:20:18,417
-[Hannah speaks Russian]
-Nice to see you again.

382
00:20:18,500 --> 00:20:20,042
[man speaks Russian]

383
00:20:20,292 --> 00:20:23,083
You guys, you go on down.
I'll meet you in the lobby.

384
00:20:28,250 --> 00:20:31,458
[Hannah] I just saw your email
with the paperwork attached.

385
00:20:32,083 --> 00:20:34,292
[man] You have worked
with offshore entities before?

386
00:20:34,417 --> 00:20:35,542
[Hannah] Of course.

387
00:20:35,917 --> 00:20:39,250
[man 2] Yeah, we did the same thing
in New York when we bought there.

388
00:20:39,333 --> 00:20:41,958
-Helps us with taxes and other things.
-[man 1] Oooh!

389
00:20:42,375 --> 00:20:44,125
-Amazing!
-[man 2] Now we're cooking.

390
00:20:44,208 --> 00:20:47,500
-[man 1] That's great, Hannah. Incredible!
-[Hannah] I have all three on ho--

391
00:20:47,583 --> 00:20:48,583
[door closes]

392
00:20:54,958 --> 00:20:56,958
["Judas" by The Charlatans playing]

393
00:21:15,000 --> 00:21:18,875
So, how does it all work,
this world of offshore companies?

394
00:21:19,083 --> 00:21:21,000
And how do you know if it is for you?

395
00:21:21,333 --> 00:21:25,583
First of all, you must ask yourself,
are you wealthy?

396
00:21:26,167 --> 00:21:31,333
There are just over two thousand
billionaires on planet Earth.

397
00:21:31,875 --> 00:21:34,792
Maybe you are one of them,
or maybe you are just a millionaire.

398
00:21:34,875 --> 00:21:37,500
There are 15 million of them in the world.

399
00:21:38,458 --> 00:21:42,333
Perhaps you are older now
and it's time to contemplate your legacy.

400
00:21:42,542 --> 00:21:46,292
Or maybe you are younger and
building an empire like our friends here.

401
00:21:50,167 --> 00:21:53,417
Your ambitions lead you to a place
that deals with money.

402
00:21:53,750 --> 00:21:56,958
For instance, a bank. A big bank.

403
00:21:57,042 --> 00:21:58,542
Probably in Europe.

404
00:21:58,625 --> 00:22:03,000
And you find yourself sitting
across a desk from a wealth manager,

405
00:22:03,458 --> 00:22:06,208
a financial advisor, a banker.

406
00:22:06,292 --> 00:22:09,583
You lay out your fears.
Income tax, state tax,

407
00:22:09,667 --> 00:22:12,958
inheritance tax, capital gains taxes.

408
00:22:13,167 --> 00:22:15,500
Your advisor understands your concerns

409
00:22:15,583 --> 00:22:17,625
and suggests you set up
an offshore company,

410
00:22:17,708 --> 00:22:20,125
where your assets
will be safe from scrutiny.

411
00:22:20,208 --> 00:22:22,250
And that's where we come in.

412
00:22:23,375 --> 00:22:27,792
Now, we supply you with a shell company,
which holds your assets.

413
00:22:28,042 --> 00:22:31,000
You are not the company,
even if the company is you.

414
00:22:31,208 --> 00:22:34,417
Confused yet?
We give this entity a name.

415
00:22:34,625 --> 00:22:35,458
Uh...

416
00:22:35,833 --> 00:22:38,250
"New Century Enterprises," perhaps.

417
00:22:38,750 --> 00:22:41,667
You don't need office space.
You don't need employees.

418
00:22:42,083 --> 00:22:43,625
Exists on paper only.

419
00:22:43,833 --> 00:22:47,375
And what does this company make?
What goods or services does it supply?

420
00:22:48,208 --> 00:22:49,250
Privacy.

421
00:22:49,500 --> 00:22:53,292
It's nothing more than an email address
and a post-office box in a country

422
00:22:53,375 --> 00:22:56,208
where the laws are favorable
to your financial goals.

423
00:22:56,500 --> 00:22:58,708
And where can you find such a country?

424
00:22:58,833 --> 00:23:01,042
Usually in the middle of the ocean.

425
00:23:01,542 --> 00:23:06,000
Maybe the Seychelles
or Cyprus or Tortola or...

426
00:23:15,792 --> 00:23:17,792
I know it's not what you were expecting.

427
00:23:19,125 --> 00:23:21,750
Well, none of this is expected.

428
00:23:22,125 --> 00:23:23,667
Take the money, El.

429
00:23:24,375 --> 00:23:25,625
Sign the release.

430
00:23:27,000 --> 00:23:31,000
Joe took really good care of you
with his life insurance.

431
00:23:31,500 --> 00:23:32,833
That and the settlement...

432
00:23:33,792 --> 00:23:35,125
Just take a trip.

433
00:23:35,208 --> 00:23:36,750
-[sighs]
-Miss some winter.

434
00:23:36,833 --> 00:23:39,583
Go somewhere that you always wanted.

435
00:23:42,125 --> 00:23:43,208
[man sighs]

436
00:23:43,292 --> 00:23:47,458
I mean, the damn insurance company
is the problem here.

437
00:23:48,625 --> 00:23:50,292
You know, I just don't--
I don't understand

438
00:23:50,375 --> 00:23:53,375
how they can just walk away
from any of this.

439
00:23:53,458 --> 00:23:56,708
The United Reinsurance Group of Nevis.

440
00:23:57,417 --> 00:24:00,167
[sighs]
They're the ones gettin' away with murder.

441
00:24:01,250 --> 00:24:03,250
Where in the world is Nevis?

442
00:24:03,500 --> 00:24:05,458
[scoffs] I don't know. Does it matter?

443
00:24:11,042 --> 00:24:12,375
[sighs]

444
00:24:33,208 --> 00:24:35,208
[jaunty flute music begins]

445
00:25:26,500 --> 00:25:28,500
[jaunty flute music continues]

446
00:25:33,792 --> 00:25:34,958
Where's Boncamper?

447
00:25:35,042 --> 00:25:37,875
-Miss, you can't-- Oh, my God!
-Where is he? I want him!

448
00:25:38,500 --> 00:25:39,833
[screaming]

449
00:25:39,917 --> 00:25:41,375
Where's Boncamper?

450
00:25:43,333 --> 00:25:44,458
Where is he?

451
00:25:44,708 --> 00:25:46,167
[people whimpering]

452
00:25:46,833 --> 00:25:47,958
[beeping]

453
00:25:53,250 --> 00:25:55,750
[woman on P.A.]
Ladies and gentlemen, welcome to Nevis.

454
00:25:55,833 --> 00:25:58,542
The local time is approximately 2:45 p.m.

455
00:25:59,167 --> 00:26:02,250
[woman] There is no
Global Property Owners Association,

456
00:26:02,458 --> 00:26:03,917
and there is no Monarch.

457
00:26:04,708 --> 00:26:06,000
Never really was.

458
00:26:07,125 --> 00:26:08,917
How is any of this possible?

459
00:26:09,000 --> 00:26:13,208
Purser backdated the letter to make it
look like he sent it before the accident

460
00:26:13,292 --> 00:26:14,667
so he wouldn't have to pay.

461
00:26:15,208 --> 00:26:16,750
What about United? Um...

462
00:26:16,833 --> 00:26:19,583
-They said United reinsured Monarch.
-No United, either.

463
00:26:20,125 --> 00:26:24,583
It's just a scam that goes from Houston
to the West Indies to Panama

464
00:26:24,667 --> 00:26:26,375
to some bank, who knows where.

465
00:26:27,208 --> 00:26:31,292
Looks like an 18 US code 1343, or 49.

466
00:26:33,833 --> 00:26:35,833
I'm sorry, 1340-what?

467
00:26:37,125 --> 00:26:38,125
Fraud.

468
00:26:41,208 --> 00:26:43,167
All I did wrong was try and save money.

469
00:26:46,042 --> 00:26:48,500
I tried to buy what I needed for less.

470
00:26:48,583 --> 00:26:49,583
That, and I...

471
00:26:51,042 --> 00:26:52,542
I trusted someone in...

472
00:26:54,917 --> 00:26:55,833
Houston.

473
00:26:57,208 --> 00:26:58,708
Is there even a Boncamper?

474
00:27:01,708 --> 00:27:02,708
Oh, yeah.

475
00:27:03,750 --> 00:27:05,083
There's a Boncamper.

476
00:27:06,417 --> 00:27:07,792
[woman] How long this time?

477
00:27:08,458 --> 00:27:09,583
[Irvin] Not sure.

478
00:27:10,958 --> 00:27:13,625
Three days. Maybe five.

479
00:27:14,458 --> 00:27:16,083
Clients coming in from Europe.

480
00:27:16,458 --> 00:27:17,417
Oh.

481
00:27:17,958 --> 00:27:19,042
Can I go?

482
00:27:19,875 --> 00:27:21,708
It's not vacation, Rich.

483
00:27:23,000 --> 00:27:27,750
If I bring you, I end up spending all
the money I make on the damn plane ticket.

484
00:27:27,833 --> 00:27:30,083
Come on, Dad, we can go to the uni.

485
00:27:30,583 --> 00:27:31,625
[chuckles]

486
00:27:31,708 --> 00:27:34,417
You-- You think I can afford
University Miami?

487
00:27:35,000 --> 00:27:36,750
You go there like every month, no?

488
00:27:37,000 --> 00:27:38,875
Why don't we get an apartment?

489
00:27:39,042 --> 00:27:40,958
In-state tuition is not that much.

490
00:27:41,042 --> 00:27:43,000
Oh, you know about the laws, do you?

491
00:27:43,625 --> 00:27:44,458
Mm?

492
00:27:46,625 --> 00:27:47,542
I do.

493
00:27:48,542 --> 00:27:52,750
I know all the residency laws.
That's what accountants know.

494
00:27:52,875 --> 00:27:55,042
Laws and taxes and banking.

495
00:27:55,708 --> 00:27:56,792
What do you know, eh?

496
00:27:57,583 --> 00:27:58,958
Basketball shoes?

497
00:28:01,667 --> 00:28:03,750
He want to see the world.

498
00:28:04,750 --> 00:28:06,417
Learn more about what you do.

499
00:28:07,417 --> 00:28:09,750
Maybe he can go into business
with you one day.

500
00:28:09,917 --> 00:28:12,292
Let him come along
and watch you at work, Irvin.

501
00:28:12,375 --> 00:28:13,625
Hmph. [tuts]

502
00:28:41,875 --> 00:28:44,875
Excuse me, sir. Sir? Can you help me?

503
00:28:45,333 --> 00:28:48,958
I'm lookin' for 556 Main Street.

504
00:28:49,333 --> 00:28:51,292
Yeah? The post office, in here.

505
00:28:51,375 --> 00:28:54,833
No, I'm looking
for the United Reinsurance Group,

506
00:28:55,375 --> 00:28:57,625
which is 556 Main Street.

507
00:28:58,833 --> 00:29:00,625
-Un-- United, you say?
-Yeah.

508
00:29:00,833 --> 00:29:02,417
-Mm-hm.
-I-- I-- I-- I think...

509
00:29:02,500 --> 00:29:05,000
I-- I think you must have
written down the wrong address.

510
00:29:05,083 --> 00:29:07,833
No, no, I looked it up.
It's United Reinsurance.

511
00:29:07,917 --> 00:29:12,333
They reinsure, uh, pleasure cruises
and I'm sure other things, but...

512
00:29:12,542 --> 00:29:16,292
I'm actually looking for a man
called Bonca-- Boncamper.

513
00:29:16,375 --> 00:29:17,333
[coughs]

514
00:29:19,458 --> 00:29:20,458
I don't know him.

515
00:29:36,333 --> 00:29:37,542
[girl] Daddy!

516
00:29:44,625 --> 00:29:45,708
Mr. Boncamper?

517
00:29:47,458 --> 00:29:48,458
Yes.

518
00:29:48,708 --> 00:29:51,833
Director of
the United Reinsurance Group of Nevis?

519
00:29:58,083 --> 00:30:01,167
Oh, my God, watch your sisters. Excuse me!

520
00:30:02,375 --> 00:30:03,625
Ma'am. Excuse me, ma'am.

521
00:30:03,708 --> 00:30:06,625
-Can you step away?
-I am his goddamn wife. Leave me alone.

522
00:30:07,208 --> 00:30:09,625
-Irvin.
-Vincelle Boncamper?

523
00:30:09,708 --> 00:30:10,667
Edith.

524
00:30:11,167 --> 00:30:14,333
Who the hell is Vincelle?
You people don't even know who he is.

525
00:30:14,792 --> 00:30:15,792
Irvin?

526
00:30:17,917 --> 00:30:19,333
Yeah. Edith?

527
00:30:21,667 --> 00:30:23,833
Can we speak privately for a moment?

528
00:30:35,667 --> 00:30:39,000
This woman, this is Vincelle Boncamper.

529
00:30:39,750 --> 00:30:41,917
-Your husband's other wife.
-What?

530
00:30:42,250 --> 00:30:45,333
Mr. Boncamper has another family.
They live in Nevis.

531
00:30:46,583 --> 00:30:47,958
You motherfucker!

532
00:30:48,208 --> 00:30:51,167
Get your hands off of me! You are dead!

533
00:30:51,583 --> 00:30:52,750
Gimme my kids.

534
00:30:54,250 --> 00:30:56,458
-Let's get him out of here. Let's go.
-Dear?

535
00:31:02,792 --> 00:31:05,833
[P.A.] Final boarding call
for American flight 1307 to Lima,

536
00:31:05,917 --> 00:31:07,833
now departing at gate J-5.

537
00:31:14,917 --> 00:31:15,750
[knocking]

538
00:31:15,833 --> 00:31:17,500
[woman] Excuse me. Mr. Mossack?

539
00:31:18,083 --> 00:31:19,125
Yes?

540
00:31:19,208 --> 00:31:21,833
Do you know the name
Malchus Irvin Boncamper?

541
00:31:22,708 --> 00:31:24,125
I'm not sure.

542
00:31:24,208 --> 00:31:25,958
Is it a real name?

543
00:31:26,583 --> 00:31:29,458
Yes, sir. It's a very real name.

544
00:31:30,500 --> 00:31:31,958
How might I know it?

545
00:31:32,042 --> 00:31:33,333
He's from Nevis.

546
00:31:33,958 --> 00:31:35,708
It's a lovely island.

547
00:31:36,333 --> 00:31:38,667
He was arrested
at Miami International Airport.

548
00:31:40,542 --> 00:31:42,292
I think he's going to go to jail.

549
00:31:43,583 --> 00:31:44,625
I see.

550
00:31:46,042 --> 00:31:50,208
Well, maybe you'll tell me how well
do we know Mr. Boncamper?

551
00:31:50,292 --> 00:31:53,625
He's director of 46 different
Mossack Fonseca companies.

552
00:31:54,042 --> 00:31:57,417
The Prague offices use him quite a bit.

553
00:31:58,417 --> 00:32:00,708
Well, we will want to change that.

554
00:32:01,292 --> 00:32:02,875
Change that now?

555
00:32:03,792 --> 00:32:06,792
Can't really go back in time.
He's all over the books.

556
00:32:07,417 --> 00:32:11,667
Well, some people believe
that time is just an illusion.

557
00:32:12,458 --> 00:32:15,333
That all moments are the same moment.

558
00:32:16,500 --> 00:32:20,958
I think it might be bad for us
to do something like that.

559
00:32:22,917 --> 00:32:23,875
Bad? [chuckles]

560
00:32:25,625 --> 00:32:26,792
[sighs] "Bad" is...

561
00:32:27,333 --> 00:32:29,375
It's such a big word

562
00:32:30,292 --> 00:32:32,375
for being such a small word.

563
00:32:33,292 --> 00:32:34,583
[man] You did-- You did what?

564
00:32:34,667 --> 00:32:40,042
I went to the... [sighs] Clark County
Registrar to get the name of the buyer.

565
00:32:40,125 --> 00:32:41,917
-Yeah?
-Yeah.

566
00:32:42,000 --> 00:32:43,667
And I found out it's a company.

567
00:32:44,500 --> 00:32:47,083
New Century Enterprises of Panama.

568
00:32:47,167 --> 00:32:48,667
Wait, I thought you said it was Russia.

569
00:32:48,750 --> 00:32:50,750
-Russians with cash.
-No, that's what Hannah told me.

570
00:32:50,833 --> 00:32:53,208
-Hannah who?
-She's the realtor with the tight dresses.

571
00:32:53,292 --> 00:32:57,042
Anyway, I looked up
New Century Enterprises,

572
00:32:57,125 --> 00:33:00,292
and turns out it's controlled by a trust,
something called a trust.

573
00:33:00,375 --> 00:33:02,875
-A trust is like a fiduciary agreement--
-I know what a trust is.

574
00:33:02,958 --> 00:33:05,292
-A third party can-- Okay.
-I know what a trust is, I know--

575
00:33:05,375 --> 00:33:08,750
So the director of both New Century
and the trust...

576
00:33:08,833 --> 00:33:10,125
-[sighs]
-...is a woman.

577
00:33:10,208 --> 00:33:12,458
A woman named Mia Beltran.

578
00:33:12,542 --> 00:33:15,583
Mia Bel-- Okay, is that
a name that I should know?

579
00:33:15,667 --> 00:33:19,208
[laughing]
Well, she is obviously very powerful.

580
00:33:19,292 --> 00:33:21,792
She is the director of numerous companies.

581
00:33:21,875 --> 00:33:23,375
-All her companies...
-[sighs]

582
00:33:23,458 --> 00:33:26,125
...are registered
to the same law firm,

583
00:33:26,208 --> 00:33:27,208
in Panama.

584
00:33:27,292 --> 00:33:28,833
Mossack and Fonseca.

585
00:33:28,917 --> 00:33:30,417
[murmur of voices]

586
00:33:41,542 --> 00:33:43,375
Our database shows that you are

587
00:33:43,458 --> 00:33:46,333
the director of New Century Enterprises?

588
00:33:47,042 --> 00:33:48,542
I am, sir, yes.

589
00:33:48,625 --> 00:33:51,625
They have purchased multiple properties
in Las Vegas.

590
00:33:51,708 --> 00:33:54,042
I need these signed, immediately.

591
00:33:54,917 --> 00:33:56,667
[woman] Moussaka Fusaka?

592
00:33:57,375 --> 00:33:58,375
Oh, wait.

593
00:33:58,458 --> 00:34:01,375
Is that the new goalie for the Red Wings?
Canadian kid?

594
00:34:01,458 --> 00:34:05,875
No, no, no. No. No.
It's not a who. It's a law firm.

595
00:34:06,833 --> 00:34:08,792
In Panama. Okay?

596
00:34:08,875 --> 00:34:12,792
They even have a motto:
"The wealth management you deserve."

597
00:34:14,083 --> 00:34:15,708
I read that. I-- I looked it up.

598
00:34:16,167 --> 00:34:18,500
And our readers need
to know about them why?

599
00:34:18,583 --> 00:34:21,958
As far as I can see,
what they do is they set up companies.

600
00:34:22,125 --> 00:34:25,667
Uh, not real companies
like a hotel or a... hardware store.

601
00:34:25,750 --> 00:34:29,583
They-- They set up, uh, what they call
a "shell", and they sell shells.

602
00:34:30,083 --> 00:34:31,625
Not actual shells.

603
00:34:31,708 --> 00:34:33,583
I'm-- I'm sorry, you lost me. I--

604
00:34:34,208 --> 00:34:38,708
[clears throat] When there's an accident,
like the one that took Joe and Barb,

605
00:34:39,542 --> 00:34:41,792
there's nobody
that we can hold accountable.

606
00:34:41,875 --> 00:34:43,917
There's nobody that we can, uh...

607
00:34:44,000 --> 00:34:47,458
ask questions, and... and...
and find out what happens next, you know?

608
00:34:48,000 --> 00:34:49,042
It's just, uh...

609
00:34:50,208 --> 00:34:51,333
just empty shells.

610
00:34:51,708 --> 00:34:55,125
You see? It's just empty.
It's just shells.

611
00:34:55,208 --> 00:34:57,208
That's the story? Empty shells?

612
00:34:57,292 --> 00:34:59,250
Oh, no, no, the story is somebody died!

613
00:34:59,333 --> 00:35:02,500
And somebody's making money from it,
maybe lots of people.

614
00:35:03,833 --> 00:35:04,875
Right?

615
00:35:05,833 --> 00:35:09,917
That's why we brought it to you.
Somebody has to sound the alarm.

616
00:35:10,625 --> 00:35:13,583
W-- We like to focus on stories
that are closer to home.

617
00:35:14,792 --> 00:35:17,167
Where did you say
this company is located again?

618
00:35:19,125 --> 00:35:20,208
Panama.

619
00:35:20,792 --> 00:35:21,958
Like the hat.

620
00:35:29,417 --> 00:35:31,833
[speaking Spanish]
Jesus Christ, fix the goddamn roads. Fuck.

621
00:35:31,917 --> 00:35:34,667
Is it the road or bus
that has to be fixed?

622
00:35:34,750 --> 00:35:35,792
Both.

623
00:35:42,583 --> 00:35:43,583
[sighing]

624
00:35:45,708 --> 00:35:47,708
[door creaking open]

625
00:35:48,250 --> 00:35:50,208
Seems like we're not going anywhere.

626
00:35:50,750 --> 00:35:51,708
You can get off.

627
00:35:53,542 --> 00:35:54,375
Let's go.

628
00:35:54,583 --> 00:35:56,333
[passengers grumbling]

629
00:36:11,708 --> 00:36:12,625
[rattling]

630
00:36:16,417 --> 00:36:18,292
[crackling]

631
00:36:22,542 --> 00:36:24,125
[people yelling in Spanish]

632
00:36:24,417 --> 00:36:27,458
She was the director of 25,000 companies.

633
00:36:27,958 --> 00:36:29,958
-Mia Beltran.
-[Mossack] Scheiße.

634
00:36:30,375 --> 00:36:35,625
Now we need 25,000 forms
changing the director of these companies.

635
00:36:36,042 --> 00:36:39,000
[woman] Mossack Fonseca.
How may I direct your call, please?

636
00:36:39,458 --> 00:36:40,625
Oh, hello.

637
00:36:40,708 --> 00:36:43,083
Yes, I would like
to speak with Mr. Mossack, please.

638
00:36:43,167 --> 00:36:44,917
-Spanish.
-Por favor.

639
00:36:45,958 --> 00:36:49,042
No, he is in a meeting now.
Not taking calls.

640
00:36:49,417 --> 00:36:51,375
-He's meeting.
-Ask for the other one.

641
00:36:51,458 --> 00:36:54,750
Um... OK--
May I speak with Mr. Fonseca, please?

642
00:36:55,458 --> 00:36:59,917
He is in a meeting now too. Same meeting.
Maybe if I take a message...

643
00:37:00,625 --> 00:37:02,083
Uh, this is Ellen Martin.

644
00:37:02,167 --> 00:37:04,417
I am the widow of Joe Mart--

645
00:37:04,875 --> 00:37:06,875
-I don't know what kind of outfit...
-[clears throat]

646
00:37:06,958 --> 00:37:10,125
...those men are running down there,
with all these meetings and what have you,

647
00:37:10,208 --> 00:37:11,375
-but I was--
-Give me a moment.

648
00:37:11,458 --> 00:37:13,333
Okay, you know-- Okay. Here's the message.

649
00:37:13,875 --> 00:37:16,333
Congratulations, Elena.
You've been promoted.

650
00:37:16,417 --> 00:37:17,667
-... pain and suffering...
-What?

651
00:37:17,750 --> 00:37:18,708
-Mm-hm.
-...they cause...

652
00:37:18,792 --> 00:37:21,083
-Oh, my God. I am so sorry, I have to go.
-...in Michigan...

653
00:37:21,167 --> 00:37:22,083
-Hello?
-[chuckles]

654
00:37:22,667 --> 00:37:24,250
Wow.

655
00:37:25,167 --> 00:37:27,542
-I told you. I told you.
-[Melanie] What?

656
00:37:27,833 --> 00:37:29,375
-They hang up on you.
-Hello?

657
00:37:30,708 --> 00:37:32,250
-They hang up on you.
-[sighs]

658
00:37:32,917 --> 00:37:34,792
Okay, let's try again.

659
00:37:37,958 --> 00:37:39,500
Here are some forms.

660
00:37:39,583 --> 00:37:42,500
You just sign on the line.
Your name. Understand?

661
00:37:43,333 --> 00:37:44,917
No... No entiendo.

662
00:37:45,000 --> 00:37:47,042
Sign with your name. Here. That's all.

663
00:37:47,125 --> 00:37:48,708
-All of them?
-Yes, all of them.

664
00:37:48,792 --> 00:37:50,875
But what--
I don't know what it is I'm signing.

665
00:37:50,958 --> 00:37:52,625
They're just some forms.

666
00:37:52,708 --> 00:37:53,833
Just, on each one.

667
00:37:53,917 --> 00:37:54,958
Oh, okay.

668
00:37:55,042 --> 00:37:56,625
-Thank you.
-Okay.

669
00:37:57,083 --> 00:37:58,167
[clears throat]

670
00:38:10,958 --> 00:38:15,667
So how did I end up here in Panama?

671
00:38:16,167 --> 00:38:18,875
I don't look Latin to you.

672
00:38:18,958 --> 00:38:22,125
Not like my... my partner, Ramón.

673
00:38:22,958 --> 00:38:26,125
Well, like many Germans,
my father, Erhard,

674
00:38:26,208 --> 00:38:29,333
moved us here after the Second World War.

675
00:38:29,917 --> 00:38:32,458
Er, why? Ah, you may ask.

676
00:38:33,250 --> 00:38:36,292
My, uh, my father taught me the...

677
00:38:37,000 --> 00:38:40,125
the value of, uh, privacy
from an early age.

678
00:38:41,375 --> 00:38:44,083
I was... I was a good student.

679
00:38:44,167 --> 00:38:47,750
I went to law school,
got a job working in a large firm.

680
00:38:48,333 --> 00:38:49,542
I excelled.

681
00:38:49,792 --> 00:38:52,208
But very soon,
I felt like all the other sheep,

682
00:38:52,333 --> 00:38:55,875
uh, every day obediently going to work

683
00:38:56,417 --> 00:38:58,458
and never leaving a mark.

684
00:38:59,333 --> 00:39:01,833
So I started, uh my own firm.

685
00:39:02,250 --> 00:39:06,667
And, uh, one day, I-- I--
I met a very impressive attorney

686
00:39:06,750 --> 00:39:11,500
who had recently left the employ
of the United Nations.

687
00:39:12,417 --> 00:39:14,958
[speaking Spanish]

688
00:39:16,000 --> 00:39:20,583
because the Lord hath anointed me
to preach good tidings unto the meek.

689
00:39:21,208 --> 00:39:25,708
He hath sent me
to bind up the brokenhearted,

690
00:39:26,167 --> 00:39:29,167
to proclaim liberty to the captives,

691
00:39:29,875 --> 00:39:32,708
and the opening of the prison to them
that are bound.

692
00:39:33,458 --> 00:39:36,417
Isaiah sixty-one: one.

693
00:39:38,750 --> 00:39:42,792
Father Hector Gallego
said that to me when I was, ah, 16.

694
00:39:45,583 --> 00:39:49,750
The theology of liberation
is what the Catholics called it.

695
00:39:51,250 --> 00:39:52,333
The meek.

696
00:39:52,625 --> 00:39:54,667
They were supposed to inherit the earth.

697
00:39:56,375 --> 00:39:58,708
Doesn't seem it worked out that way to me.

698
00:40:00,333 --> 00:40:04,333
Father Gallego, up there,
was kidnapped and killed by the army

699
00:40:04,875 --> 00:40:06,750
for causing problems in Panama.

700
00:40:08,583 --> 00:40:09,583
He's gone.

701
00:40:10,750 --> 00:40:11,917
But the meek,

702
00:40:13,708 --> 00:40:14,875
they're still around.

703
00:40:21,333 --> 00:40:23,833
So I went to law school instead.

704
00:40:24,667 --> 00:40:27,750
I thought, uh, maybe the meek needed
a better lawyer.

705
00:40:28,250 --> 00:40:32,625
Now, in 1972,
I went to work for the United Nations.

706
00:40:32,958 --> 00:40:35,042
I wanted to save the world.

707
00:40:35,792 --> 00:40:37,083
Saving the world,

708
00:40:37,167 --> 00:40:40,292
as it turns out, is very hard, you know?

709
00:40:40,667 --> 00:40:45,708
Long hours, bad pay, and perhaps
the world does not want to be saved.

710
00:40:45,792 --> 00:40:48,458
Inside all of us,
there are packs of wolves,

711
00:40:48,542 --> 00:40:51,375
some flocks of sheep
roaming through our thoughts.

712
00:40:51,458 --> 00:40:54,333
We want to be fair,
and yet, we want to win.

713
00:40:54,708 --> 00:40:58,000
We want to be righteous,
but we want to get ahead.

714
00:40:58,083 --> 00:41:00,167
-Such is our struggle.
-[animal bleating]

715
00:41:00,250 --> 00:41:02,542
Uh, at some point, you decide

716
00:41:03,292 --> 00:41:05,500
it might just be easier to save yourself.

717
00:41:06,250 --> 00:41:09,792
So, I became a lawyer for the not-so-meek.

718
00:41:10,042 --> 00:41:13,167
And that's about the time
I met Jürgen Mossack.

719
00:41:16,000 --> 00:41:19,125
From our humble beginnings,

720
00:41:19,833 --> 00:41:24,208
Mossack Fonseca grew to have offices
in over 50 countries,

721
00:41:25,167 --> 00:41:31,208
servicing over 240,000 offshore companies,

722
00:41:31,625 --> 00:41:33,917
foundations, and trusts.

723
00:41:34,000 --> 00:41:37,208
Located in places like
the British Virgin Islands,

724
00:41:37,292 --> 00:41:42,000
the Bahamas, Cyprus, Samoa, Nui, Nevada.

725
00:41:42,417 --> 00:41:47,875
Uh, places that are-- are not blessed with
natural resources or industry.

726
00:41:47,958 --> 00:41:50,417
So, what do all of those companies do?

727
00:41:50,500 --> 00:41:53,667
Most of the time, we don't even know.

728
00:41:55,250 --> 00:41:56,250
[knock at door]

729
00:41:56,542 --> 00:41:58,333
Excuse me. Mr. Mossack?

730
00:41:58,625 --> 00:41:59,500
Yes?

731
00:41:59,583 --> 00:42:04,292
There is a... There is a company
that we set up in Costa Rica.

732
00:42:04,667 --> 00:42:06,583
-Are you familiar?
-[sighs]

733
00:42:06,750 --> 00:42:09,833
It owns a number of assets, real estate.

734
00:42:10,208 --> 00:42:11,333
Mm. And?

735
00:42:11,625 --> 00:42:14,417
Uh, so, yeah, the government of Costa Rica

736
00:42:14,500 --> 00:42:19,333
wants to take back one of the homes
for their Olympic team or...

737
00:42:19,625 --> 00:42:23,167
Has the, uh, beneficial owner
instructed us to do so?

738
00:42:23,333 --> 00:42:26,125
Yeah, the beneficial owner
is a Mexican man.

739
00:42:27,500 --> 00:42:29,542
They say he is in jail.

740
00:42:30,625 --> 00:42:31,625
[gasps] Aah!

741
00:42:32,375 --> 00:42:35,125
[UB40] ♪ Red, red wine ♪

742
00:42:37,958 --> 00:42:40,708
-♪ Goes to my head ♪
-You know, Neil Diamond wrote this.

743
00:42:40,792 --> 00:42:41,667
[glass clinking]

744
00:42:41,750 --> 00:42:42,750
-Yeah.
-Seriously?

745
00:42:42,833 --> 00:42:44,458
-Yeah.
-When?

746
00:42:45,417 --> 00:42:48,417
I don't know.
Would've been sometime before this.

747
00:42:49,208 --> 00:42:50,917
This doesn't sound like Neil Diamond.

748
00:42:51,000 --> 00:42:53,250
I know. It's his mastery of...

749
00:42:53,708 --> 00:42:56,583
♪ Red, red wine ♪

750
00:42:56,667 --> 00:42:58,167
...different styles of music.

751
00:42:58,458 --> 00:43:00,292
-He can pull off everything.
-Huh!

752
00:43:00,375 --> 00:43:01,667
-Neil Diamond.
-Yeah.

753
00:43:01,750 --> 00:43:03,042
I never woulda guessed that.

754
00:43:04,333 --> 00:43:05,875
Hey, you wanna get outta here?

755
00:43:05,958 --> 00:43:08,375
Uh, yeah, I just wanna hit el baño first.

756
00:43:09,167 --> 00:43:11,208
-Do I tip him?
-Uh...

757
00:43:11,375 --> 00:43:13,000
-Yeah.
-Yeah. Okay.

758
00:43:15,292 --> 00:43:16,417
[knocking]

759
00:43:21,375 --> 00:43:23,167
♪ Life is fine ♪

760
00:43:24,125 --> 00:43:25,917
♪ Every time ♪

761
00:43:28,625 --> 00:43:33,000
Oh, uh, sorry, amigos.
Ju-- Lookin' for el baño?

762
00:43:37,875 --> 00:43:39,958
[Mossack] Oh! Pablo Escobar is like a...

763
00:43:40,792 --> 00:43:44,333
child nursing at his mother's tit
compared to this man.

764
00:43:44,417 --> 00:43:47,333
I don't want to be one of those people
he visits when he gets out of jail.

765
00:43:47,417 --> 00:43:50,083
May-- Maybe it's better
if he keeps his house!

766
00:43:50,167 --> 00:43:51,708
-Keeps his house and--
-Oh, no, I mean...

767
00:43:51,792 --> 00:43:53,417
What? Wh-- Wh-- What?

768
00:43:53,500 --> 00:43:56,833
You-- You think we know everyone
we created a company for?

769
00:43:57,375 --> 00:43:58,625
Huh? [panting]

770
00:43:58,708 --> 00:44:01,542
Did we happen to mention
we are in this for the money?

771
00:44:01,625 --> 00:44:02,625
-Mm.
-Yeah.

772
00:44:02,708 --> 00:44:05,083
Are some of our clients criminals?

773
00:44:05,167 --> 00:44:10,542
Or drug lords,
uh, sex traffickers, gun runners,

774
00:44:10,625 --> 00:44:12,792
uh, destroyers of the planet?

775
00:44:12,875 --> 00:44:15,542
[Fonseca] No, like I said,
we would prefer not to know.

776
00:44:15,625 --> 00:44:17,292
-Mm-hm.
-[sighs] And remember,

777
00:44:18,083 --> 00:44:20,208
before we created a company for them,

778
00:44:20,583 --> 00:44:22,708
a lawyer sent them to us.

779
00:44:22,792 --> 00:44:27,375
Yeah, and before that, a--
a banker sent them to the lawyer!

780
00:44:29,167 --> 00:44:32,958
[Fonseca] To be fair, many of our clients
are upstanding citizens.

781
00:44:33,750 --> 00:44:35,917
[Mossack] This man, Charles, for example.

782
00:44:36,500 --> 00:44:40,500
He is a legitimate business man
with a loving family.

783
00:44:40,708 --> 00:44:42,875
[Fonseca] His daughter
is graduating from university,

784
00:44:42,958 --> 00:44:45,750
and we helped him create a trust for her.

785
00:44:45,958 --> 00:44:50,333
[Mossack] Shouldn't Charles have access
to all the financial instruments available

786
00:44:50,417 --> 00:44:52,583
to help him and his loved ones?

787
00:44:52,667 --> 00:44:55,042
[Fonseca] He would never dream
of breaking the law.

788
00:44:55,125 --> 00:44:57,125
We really don't see a problem here.

789
00:44:57,500 --> 00:44:59,833
[Mossack]
The only thing Charles is guilty of

790
00:44:59,917 --> 00:45:02,917
is taking good care of his wife
and his daughter.

791
00:45:03,208 --> 00:45:05,542
But you never see that in the headline.

792
00:45:17,958 --> 00:45:19,625
♪ And I ain't paid my rent this month ♪

793
00:45:19,708 --> 00:45:21,000
♪ I owe that ♪

794
00:45:21,542 --> 00:45:23,625
♪ But fuck who you want
And fuck who you like ♪

795
00:45:23,708 --> 00:45:25,500
♪ Dance all ya life
There's no end in sight ♪

796
00:45:25,625 --> 00:45:27,833
♪ Twinkle, twinkle, little star ♪

797
00:45:28,625 --> 00:45:30,708
♪ Now everybody, let me hear you say
Ray, ray, ray ♪

798
00:45:30,792 --> 00:45:32,667
♪ And spend all your money
'Cause today payday ♪

799
00:45:32,750 --> 00:45:34,583
♪ And if you a G, you a G-G-G ♪

800
00:45:34,667 --> 00:45:36,458
♪ My name is Onika
You can call me Nicki ♪

801
00:45:36,542 --> 00:45:38,417
♪ Get on the floor, floor ♪

802
00:45:38,500 --> 00:45:40,250
♪ Like it's your last chance ♪

803
00:45:40,333 --> 00:45:42,500
♪ If you want more, more ♪

804
00:45:42,625 --> 00:45:44,333
♪ Then here I am ♪

805
00:45:45,292 --> 00:45:49,042
♪ Starships are meant to fly ♪

806
00:45:49,125 --> 00:45:52,667
♪ Hands up and touch the sky ♪

807
00:45:53,583 --> 00:45:54,833
[chuckles]

808
00:45:55,333 --> 00:45:56,958
How do you like your headphones?

809
00:45:57,125 --> 00:45:59,250
-What?
-Don't drop those in the water.

810
00:45:59,333 --> 00:46:00,500
They're not waterproof?

811
00:46:00,792 --> 00:46:01,792
They're gold.

812
00:46:02,208 --> 00:46:03,375
Is gold waterproof?

813
00:46:03,833 --> 00:46:04,667
[laughs]

814
00:46:08,375 --> 00:46:09,708
What are you listening to?

815
00:46:10,042 --> 00:46:10,875
A song.

816
00:46:11,667 --> 00:46:14,167
What kind of music do you like?
Play me somethin'.

817
00:46:18,625 --> 00:46:20,625
[jazz plays]

818
00:46:22,500 --> 00:46:24,125
-Hm-hm!
-[laughs]

819
00:46:24,500 --> 00:46:27,708
-Mmm!
-Ooh!

820
00:46:29,000 --> 00:46:30,167
-Oh!
-Mm!

821
00:46:31,500 --> 00:46:34,583
-Mm!
-♪ Love for sale ♪

822
00:46:34,792 --> 00:46:37,000
You don't know about this type of music.
[chuckles]

823
00:46:38,708 --> 00:46:40,708
[loud hip-hop playing from speakers]

824
00:46:44,083 --> 00:46:45,375
Hey, it's Astrid.

825
00:46:45,458 --> 00:46:47,667
Can't get to the phone
'cause I'm having fun.

826
00:46:47,750 --> 00:46:49,208
Leave me a message. Bye.

827
00:46:49,292 --> 00:46:50,875
-[beep]
-Oh, hey, hey, As!

828
00:46:50,958 --> 00:46:55,708
So, I decided to skip class
'cause you know we are graduating!

829
00:46:56,292 --> 00:46:58,792
Anyway, I just stopped by
my parents' house before my mom gets in,

830
00:46:58,875 --> 00:47:00,750
so call me, babe.

831
00:47:00,833 --> 00:47:01,917
Okay, bye. Bye.

832
00:47:19,625 --> 00:47:21,917
[sports commentary on TV]

833
00:47:22,000 --> 00:47:22,917
Astrid?

834
00:47:24,375 --> 00:47:27,000
♪ Old love, new love ♪

835
00:47:27,083 --> 00:47:30,833
♪ Every love but true love ♪

836
00:47:31,375 --> 00:47:32,917
[laughter]

837
00:47:34,833 --> 00:47:38,500
-♪ Every kind of love for sale ♪
-[grunting]

838
00:47:40,250 --> 00:47:42,667
What the actual fuck?

839
00:47:43,000 --> 00:47:45,458
-[chuckles]
-Be careful, huh?

840
00:47:46,333 --> 00:47:50,833
♪ Love for sale ♪

841
00:47:51,333 --> 00:47:52,292
[grunts]

842
00:47:55,958 --> 00:47:57,500
[sobbing]

843
00:47:57,583 --> 00:47:59,542
I-- I'm sure you have questions for me.

844
00:48:00,500 --> 00:48:02,083
-Simone.
-My roommate?

845
00:48:02,458 --> 00:48:04,083
I didn't mean for this to happen.

846
00:48:04,167 --> 00:48:06,042
You fucking creep.
Yeah, I bet Mum didn't either.

847
00:48:06,125 --> 00:48:07,917
I'd like to speak to your mother
before you do.

848
00:48:08,000 --> 00:48:11,083
-I think that's best for everyone.
-Yeah, 'cause you're the expert on that.

849
00:48:11,167 --> 00:48:12,333
On what's best.

850
00:48:12,417 --> 00:48:15,458
Why can't we agree
that I will speak to her before you do?

851
00:48:16,083 --> 00:48:19,042
[sobs] Why don't you go and stay
in my dorm room with Astrid

852
00:48:19,125 --> 00:48:21,125
and get the hell away from me?

853
00:48:26,667 --> 00:48:28,333
-[man] Bruno Mars is here.
-[woman] What?

854
00:48:28,417 --> 00:48:30,333
-No way, seriously?
-[man] So...

855
00:48:30,417 --> 00:48:32,833
Just head into the house,
through those doors,

856
00:48:32,917 --> 00:48:34,625
-to the back yard.
-Thank you.

857
00:48:34,708 --> 00:48:36,917
-Thank you so much.
-All right, welcome.

858
00:48:37,542 --> 00:48:39,000
Straight to the back yard.

859
00:48:39,083 --> 00:48:40,500
I was not expecting this.

860
00:48:40,833 --> 00:48:42,208
Guys, you have no idea.

861
00:48:42,333 --> 00:48:44,542
-Right?
-Yeah, I'm just dying to meet him.

862
00:48:45,542 --> 00:48:47,875
-Hey, where are you going?
-I'm going back to Africa.

863
00:48:47,958 --> 00:48:51,208
Okay, Marcus Garvey, slow down.
You're not doing that.

864
00:48:51,292 --> 00:48:52,292
Yes, I am.

865
00:48:53,417 --> 00:48:55,667
Your mother's been looking forward to this
for a long time.

866
00:48:55,792 --> 00:48:56,708
Has she?

867
00:48:57,167 --> 00:49:00,917
How long has she been looking forward to
learning you've been banging my roommate?

868
00:49:01,542 --> 00:49:04,458
Her whole life, I bet.
It's like a dream come true.

869
00:49:05,917 --> 00:49:08,167
-I'll meet her at the airport.
-Okay, stop.

870
00:49:09,250 --> 00:49:10,500
Not another word.

871
00:49:20,125 --> 00:49:22,792
You graduate this weekend
from an American university.

872
00:49:23,792 --> 00:49:26,417
How many children from our country
get to come here?

873
00:49:27,292 --> 00:49:31,583
You take your summers in Ibiza.
And Croatia and Monaco, not in a factory.

874
00:49:32,250 --> 00:49:34,542
You have a $100,000 car in the driveway.

875
00:49:34,625 --> 00:49:36,500
You have a job waiting for you
in Cape Town,

876
00:49:36,583 --> 00:49:38,708
or in Paris,
or wherever you want it to be.

877
00:49:38,792 --> 00:49:42,458
Your life, your whole world up
until this moment,

878
00:49:42,708 --> 00:49:44,375
was more or less perfect.

879
00:49:45,292 --> 00:49:47,458
Except for the time
we had to put down your horse

880
00:49:47,542 --> 00:49:49,375
when it fell jumping over a steeple.

881
00:49:51,458 --> 00:49:53,000
This is adulthood.

882
00:49:53,875 --> 00:49:54,792
Welcome.

883
00:49:56,208 --> 00:49:58,750
It's filled with disappointments
and negotiations.

884
00:50:01,208 --> 00:50:02,583
I cannot change the past.

885
00:50:04,250 --> 00:50:07,000
But I am happy to negotiate with you
about the future.

886
00:50:08,333 --> 00:50:09,417
What does that mean?

887
00:50:11,417 --> 00:50:12,417
How much?

888
00:50:12,500 --> 00:50:13,750
Excuse me?

889
00:50:14,375 --> 00:50:16,750
How much money do you want
to go to the party

890
00:50:16,833 --> 00:50:18,875
and not tell your mother about Astrid?

891
00:50:18,958 --> 00:50:20,167
[scoffs] You're kidding.

892
00:50:20,333 --> 00:50:22,583
-[sniffles]
-Am I? How much?

893
00:50:23,500 --> 00:50:25,792
You go to the party,
you don't tell your mother,

894
00:50:25,875 --> 00:50:27,208
and I continue to see Astrid.

895
00:50:27,292 --> 00:50:30,000
-[laughs]
-I'm getting her an apartment in New York.

896
00:50:30,083 --> 00:50:31,750
-This is so fucked up.
-No.

897
00:50:31,833 --> 00:50:33,458
This is how problems are solved.

898
00:50:33,833 --> 00:50:36,917
What's fucked up
is your inability to see that.

899
00:50:37,750 --> 00:50:38,750
How much?

900
00:50:42,625 --> 00:50:43,833
I wanna talk to a lawyer.

901
00:50:44,208 --> 00:50:47,667
Great. Mine's on his way over now.
We can both talk to him.

902
00:50:49,375 --> 00:50:52,667
First of all, congratulations, Simone.
Graduation.

903
00:50:52,750 --> 00:50:53,958
Fuck you, Jeff.

904
00:50:56,375 --> 00:51:00,500
Simone has announced today
that she wants to "ruin me".

905
00:51:00,958 --> 00:51:02,875
Well, as the family lawyer,

906
00:51:02,958 --> 00:51:04,875
I would like to see matters settled

907
00:51:04,958 --> 00:51:06,917
in a way
that is to everyone's satisfaction.

908
00:51:07,000 --> 00:51:09,292
-I know your father feels the same way.
-I do.

909
00:51:09,375 --> 00:51:12,167
Yeah, now, your dad has already
opened up a trust in your name,

910
00:51:12,250 --> 00:51:13,542
so to keep things simple,

911
00:51:14,042 --> 00:51:17,333
this is a further assignment of assets
to that trust.

912
00:51:17,417 --> 00:51:19,208
A graduation present of sorts.

913
00:51:20,000 --> 00:51:21,375
In addition to the party.

914
00:51:22,208 --> 00:51:24,208
-Does that make sense to you?
-[phone alert]

915
00:51:26,833 --> 00:51:27,667
Hm.

916
00:51:27,750 --> 00:51:29,208
Mum's plane's gonna be early.

917
00:51:30,208 --> 00:51:32,833
Maybe I should go and get her
and we can discuss this all together

918
00:51:32,917 --> 00:51:34,792
like one big, happy family.

919
00:51:35,417 --> 00:51:36,792
There's a company I own.

920
00:51:39,375 --> 00:51:41,292
Whitecloud Enterprises.

921
00:51:41,917 --> 00:51:43,500
I would like to give it to you.

922
00:51:44,667 --> 00:51:47,167
Jeff, tell her what it's worth.

923
00:51:47,583 --> 00:51:50,292
Whitecloud is worth
almost 20 million dollars.

924
00:51:50,667 --> 00:51:53,417
There's a bank account at HSBC in Geneva.

925
00:51:54,458 --> 00:51:57,042
[Charles] Happy graduation. It's yours.

926
00:51:59,958 --> 00:52:01,333
[chuckles] Mine?

927
00:52:02,500 --> 00:52:04,917
There's probably a board of directors
or something.

928
00:52:05,000 --> 00:52:07,208
Whitecloud is controlled by bearer shares.

929
00:52:09,667 --> 00:52:12,083
Look, my degree is in ethnic identity.

930
00:52:12,833 --> 00:52:16,208
[Charles] Okay.
So, bearer shares are pieces of paper

931
00:52:17,292 --> 00:52:19,958
that entitle the holder of that paper

932
00:52:21,208 --> 00:52:23,667
to complete control over the company.

933
00:52:25,500 --> 00:52:26,833
You would own the company.

934
00:52:27,417 --> 00:52:29,417
Its money is your money,

935
00:52:29,500 --> 00:52:32,083
as long as you hold the shares.

936
00:52:33,292 --> 00:52:34,958
Right now, I own it.

937
00:52:38,750 --> 00:52:40,542
-Now Jeff owns it.
-Thank you.

938
00:52:41,708 --> 00:52:43,958
If he gives it to you, you would own it.

939
00:52:44,375 --> 00:52:45,375
That simple?

940
00:52:48,458 --> 00:52:49,500
Twenty million?

941
00:52:50,125 --> 00:52:53,125
[Jeff] There's no other paperwork that has
to be done. I'll handle everything.

942
00:52:53,208 --> 00:52:56,417
[chuckles] Just don't lose them.
Put 'em someplace safe.

943
00:52:59,458 --> 00:53:02,875
You get them after the party.
After your mother gets back on a plane.

944
00:53:35,958 --> 00:53:37,208
Good trip, my star?

945
00:53:38,208 --> 00:53:40,667
So where's the guest of honor?
She's been texting.

946
00:53:40,875 --> 00:53:43,000
Really? Anything in particular?

947
00:53:43,417 --> 00:53:44,250
No.

948
00:53:44,708 --> 00:53:45,708
She's in her room.

949
00:53:46,625 --> 00:53:48,750
A little anxious about the day's events.

950
00:53:49,208 --> 00:53:52,000
I prefer the other one better.
The Versace.

951
00:53:52,375 --> 00:53:53,792
It brings out your eyes.

952
00:53:53,875 --> 00:53:55,750
This one brings out things
that make me wonder

953
00:53:55,833 --> 00:53:58,083
why you bothered going to university
in the first place.

954
00:53:58,792 --> 00:54:00,625
Look, I like this one better.

955
00:54:00,792 --> 00:54:03,167
[sighs] I'm not sure
how your father would feel

956
00:54:03,250 --> 00:54:05,625
about something so revealing
on a young woman.

957
00:54:06,708 --> 00:54:10,417
What is Astrid planning on wearing?
She has a good sense of style, I think.

958
00:54:10,500 --> 00:54:12,125
I don't know what she's wearing.

959
00:54:12,208 --> 00:54:13,583
Is she bringing a date?

960
00:54:13,667 --> 00:54:15,875
The young man we met in St. Barts
over the holidays?

961
00:54:15,958 --> 00:54:17,375
I forget his name, the Italian boy.

962
00:54:17,458 --> 00:54:18,875
Look, she's not coming.

963
00:54:18,958 --> 00:54:20,667
Oh, my God, she must hate me.

964
00:54:21,583 --> 00:54:22,583
[Charles sighs]

965
00:54:22,667 --> 00:54:25,458
It was a shock to her system.
But it's been handled.

966
00:54:26,375 --> 00:54:30,208
I don't want you to worry about it.
I don't want you to worry about anything.

967
00:54:31,792 --> 00:54:33,250
So we're still goin', right?

968
00:54:33,333 --> 00:54:34,667
-[knock at door]
-[mother] Charles?

969
00:54:34,750 --> 00:54:36,375
May I have a word with you?

970
00:54:36,458 --> 00:54:38,125
I'll pick you up after the party.

971
00:54:38,583 --> 00:54:40,250
You're going to love New York.

972
00:54:40,625 --> 00:54:41,625
I'll be ready.

973
00:54:42,333 --> 00:54:43,333
Come.

974
00:54:47,292 --> 00:54:49,708
Do you know what happened
with Simone and Astrid?

975
00:54:50,542 --> 00:54:51,542
Something happened?

976
00:54:51,833 --> 00:54:54,083
I hear Astrid is not coming to the party.

977
00:54:54,250 --> 00:54:55,750
Well, you know young girls.

978
00:54:55,833 --> 00:54:58,333
They can always be counted on
not to be counted on.

979
00:54:58,417 --> 00:55:01,167
They do everything together,
thick as thieves, and now this?

980
00:55:01,250 --> 00:55:02,500
Have you spoken to her?

981
00:55:03,167 --> 00:55:06,417
Intermittently throughout the day.
Has she said anything to you?

982
00:55:07,375 --> 00:55:08,583
Very little to me.

983
00:55:10,000 --> 00:55:12,958
[sighs] It's probably about a boy.
It usually is.

984
00:55:13,167 --> 00:55:15,000
[chuckles] Have you seen the yard?

985
00:55:16,000 --> 00:55:18,583
It's looking marvelous.

986
00:55:18,667 --> 00:55:20,250
[both laugh]

987
00:55:23,792 --> 00:55:24,833
[mother] Astrid?

988
00:55:25,833 --> 00:55:27,250
-Uh...
-It's Miranda.

989
00:55:27,333 --> 00:55:28,167
Hi! [chuckles]

990
00:55:28,250 --> 00:55:31,000
I wasn't expecting to hear from you.

991
00:55:31,083 --> 00:55:35,417
Look, I'm not sure what sort of nonsense
has gone on here, but it doesn't matter.

992
00:55:35,500 --> 00:55:38,333
You are part of our family,
part of Simone's life

993
00:55:38,417 --> 00:55:42,167
and this is a moment we are all going to
celebrate together, period.

994
00:55:42,792 --> 00:55:44,708
There is so much love here,

995
00:55:44,792 --> 00:55:48,458
regardless of whatever little injustices
we have visited upon each other,

996
00:55:48,542 --> 00:55:50,250
so you are expected to attend.

997
00:55:50,750 --> 00:55:53,333
Do not ever let a man
destroy your sisterhood.

998
00:55:54,125 --> 00:55:55,542
Do you have a dress to wear?

999
00:55:56,167 --> 00:55:57,750
Uh... Uh, no.

1000
00:55:58,375 --> 00:56:00,792
Then you get yourself down
to your favorite store

1001
00:56:00,875 --> 00:56:04,250
and buy a dress that says to the world,
"I did it."

1002
00:56:05,125 --> 00:56:07,875
That is my graduation present to you.
I will send a car.

1003
00:56:08,875 --> 00:56:10,042
You sure it's cool?

1004
00:56:10,458 --> 00:56:14,125
It is not merely cool,
it is paramount that you attend.

1005
00:56:14,458 --> 00:56:16,417
Just don't tell Simone you're coming,

1006
00:56:16,500 --> 00:56:19,583
I want to give her the gift
of her best friend for graduation.

1007
00:56:20,292 --> 00:56:22,125
You're amazing.

1008
00:56:22,333 --> 00:56:25,125
And just so you know, I don't see this
as a permanent thing, right?

1009
00:56:25,208 --> 00:56:26,542
It's just fun for now.

1010
00:56:26,625 --> 00:56:29,000
Okay, wonderful. Bye-bye.

1011
00:56:34,542 --> 00:56:36,208
Take it off, it's too much.

1012
00:56:36,292 --> 00:56:38,417
-Coming from you.
-Coming from your father.

1013
00:56:38,500 --> 00:56:39,708
Suck my dick.

1014
00:56:40,667 --> 00:56:42,292
Grow up. Now.

1015
00:56:43,208 --> 00:56:44,625
You're a very wealthy girl.

1016
00:56:44,750 --> 00:56:46,167
Where are my bearer shares?

1017
00:56:46,875 --> 00:56:48,125
I'm so out of here.

1018
00:56:48,208 --> 00:56:50,333
They're in the safe in my office.

1019
00:56:50,833 --> 00:56:52,500
After the party,

1020
00:56:53,125 --> 00:56:54,500
once I'm in a car,

1021
00:56:54,958 --> 00:56:56,917
I will text you the combination.

1022
00:56:57,667 --> 00:56:59,083
And if they're not in there?

1023
00:56:59,958 --> 00:57:01,500
Then I'm not a man of my word.

1024
00:57:02,208 --> 00:57:07,083
And you will no doubt tell your mother,
and chaos will reign upon the land.

1025
00:57:08,958 --> 00:57:10,917
Are you gonna tell her? Ever?

1026
00:57:12,208 --> 00:57:13,042
No.

1027
00:57:14,708 --> 00:57:17,458
I'm going to protect her
from what would cause her pain.

1028
00:57:18,917 --> 00:57:21,042
Because I failed to do that the last time.

1029
00:57:22,375 --> 00:57:23,375
What?

1030
00:57:23,917 --> 00:57:25,667
She has her own bearer shares.

1031
00:57:27,000 --> 00:57:28,125
She's taken care of.

1032
00:57:29,083 --> 00:57:31,375
She could leave if she wants,
but she stays.

1033
00:57:32,625 --> 00:57:35,000
Why do you think that is?

1034
00:57:50,250 --> 00:57:51,292
Hello?

1035
00:57:54,083 --> 00:57:55,083
Hello?

1036
00:57:58,083 --> 00:57:59,083
Hello?

1037
00:58:03,208 --> 00:58:05,250
-[sighs]
-Are you fucking kidding me?

1038
00:58:05,875 --> 00:58:08,667
You have the audacity
to come back into my house?

1039
00:58:09,292 --> 00:58:11,042
-You fucking whore!
-[screams]

1040
00:58:11,125 --> 00:58:13,208
What in the Lord's name
is wrong with you, girl?

1041
00:58:13,292 --> 00:58:15,917
-She's a fucking slut!
-Is that how you were brought up?

1042
00:58:16,000 --> 00:58:18,125
-To raise your hand against a friend?
-Tell her.

1043
00:58:18,208 --> 00:58:20,208
-Tell her what you did!
-No matter what she has done,

1044
00:58:20,292 --> 00:58:22,333
it cannot possibly warrant this treatment.

1045
00:58:22,417 --> 00:58:25,042
You apologize right now, Simone,
or I am going to get your father,

1046
00:58:25,125 --> 00:58:26,458
and he will not be so lenient.

1047
00:58:26,542 --> 00:58:28,250
-Mum, she--
-You want your father involved?

1048
00:58:28,333 --> 00:58:31,042
-Say it, girl. Say you're sorry.
-She doesn't have to.

1049
00:58:31,375 --> 00:58:32,750
It's me who should apologize.

1050
00:58:32,833 --> 00:58:33,875
Don't be silly.

1051
00:58:34,083 --> 00:58:36,375
Over the New Year's, in St. Barts.

1052
00:58:37,417 --> 00:58:39,667
I knew he was watchin' me
when I took my clothes off.

1053
00:58:39,750 --> 00:58:41,625
I knew he'd follow me into the water.

1054
00:58:42,167 --> 00:58:43,625
The-- The Italian boy?

1055
00:58:44,208 --> 00:58:45,208
Charles.

1056
00:58:45,833 --> 00:58:48,167
I knew when I gave him
my hotel key, he'd come.

1057
00:58:49,167 --> 00:58:51,958
He had his foot in between my legs
under the table at dinner.

1058
00:58:52,375 --> 00:58:55,333
I thought it would be fun, I didn't
think it would blow up the way it did.

1059
00:58:55,417 --> 00:58:56,833
I'm sorry. I'm sorry, Simone.

1060
00:59:03,125 --> 00:59:04,083
Fuck.

1061
00:59:07,083 --> 00:59:08,167
Fuck!

1062
00:59:16,167 --> 00:59:18,333
Mm. These certainly are the bearer shares.

1063
00:59:18,542 --> 00:59:21,292
-Mm? You own them, you hold them.
-[Miranda] Mm-hm.

1064
00:59:22,417 --> 00:59:25,083
Uh, I was told that they're worth
20 million dollars.

1065
00:59:26,333 --> 00:59:28,958
Well, well, uh...
looking at the bank statements

1066
00:59:29,042 --> 00:59:30,917
you requested from our directors,

1067
00:59:31,000 --> 00:59:32,875
Whitecloud Enterprises, uh...

1068
00:59:33,417 --> 00:59:37,250
uh, was indeed
worth 20 million US dollars.

1069
00:59:37,333 --> 00:59:38,208
Was?

1070
00:59:38,708 --> 00:59:41,375
Well, as you can see for yourself, here...

1071
00:59:41,458 --> 00:59:48,250
as of last week, they appear to be worth
a little less than $37.

1072
00:59:48,625 --> 00:59:51,292
[laughs] What?

1073
00:59:55,333 --> 00:59:57,625
Uh... How is that possible?
It's my company.

1074
00:59:57,708 --> 00:59:58,875
Who moved the money?

1075
00:59:58,958 --> 01:00:01,583
[Elena] It's true that
you hold the bearer shares

1076
01:00:01,667 --> 01:00:04,375
for Whitecloud Enterprises
of the Seychelles, but...

1077
01:00:05,000 --> 01:00:07,542
Whitecloud itself
is controlled by a trust:

1078
01:00:08,125 --> 01:00:10,083
Jetstream Trust of Cyprus.

1079
01:00:10,458 --> 01:00:11,583
What does that mean?

1080
01:00:11,708 --> 01:00:16,792
So, Jetstream administers to Whitecloud
along with a lot of other companies.

1081
01:00:16,875 --> 01:00:18,625
And, um... what about these?

1082
01:00:20,750 --> 01:00:23,833
These are Nimbus Holdings
of the Seychelles.

1083
01:00:24,417 --> 01:00:28,625
Yeah, also controlled
and held by Jetstream Trust.

1084
01:00:29,208 --> 01:00:33,208
Yeah, the bank says that
Nimbus is now worth,

1085
01:00:33,625 --> 01:00:34,917
uh, $100.

1086
01:00:35,000 --> 01:00:37,625
Again, these are recent transactions.

1087
01:00:37,708 --> 01:00:39,708
How the hell does he get away with this?

1088
01:00:40,167 --> 01:00:42,583
Look, where the fuck is my money?

1089
01:00:43,000 --> 01:00:46,292
[sighs] Well, if you want more information
on your father's financial activities,

1090
01:00:46,375 --> 01:00:49,292
I'm afraid I will have to direct you
toward his bank.

1091
01:00:49,500 --> 01:00:51,083
You have to tell us something.

1092
01:00:51,583 --> 01:00:53,958
Actually, I'm not obliged
to tell you anything.

1093
01:00:54,250 --> 01:00:56,958
That... That is the letter of the law.

1094
01:00:59,542 --> 01:01:00,542
Good day.

1095
01:01:05,208 --> 01:01:09,208
I am truly sorry for your trouble.

1096
01:01:09,958 --> 01:01:11,625
I really, really am.

1097
01:01:11,708 --> 01:01:14,917
The world is just men
hiding behind piles of paper.

1098
01:01:15,125 --> 01:01:17,083
Well, fuck him.

1099
01:01:19,625 --> 01:01:21,375
-I'm so sorry.
-Ohh.

1100
01:01:21,458 --> 01:01:22,833
-I'm so sorry.
-Don't worry.

1101
01:01:22,917 --> 01:01:24,167
-Thank you.
-Don't worry.-

1102
01:01:24,667 --> 01:01:25,833
I clean it up.

1103
01:01:28,167 --> 01:01:29,292
I clean it up.

1104
01:01:29,875 --> 01:01:34,000
More than anything else,
our clients expect, uh, one thing from us.

1105
01:01:34,875 --> 01:01:35,833
Privacy.

1106
01:01:35,917 --> 01:01:38,333
Now, privacy and secrecy
are two different things.

1107
01:01:38,417 --> 01:01:41,958
Privacy is locking the bathroom door
when you want to take a pee.

1108
01:01:42,208 --> 01:01:44,542
Secrecy, on the other hand,
is locking the door

1109
01:01:44,625 --> 01:01:48,792
because what you are doing in a bathroom
is not what people usually do.

1110
01:01:49,208 --> 01:01:52,750
And sometimes,
after privacy has had a few drinks,

1111
01:01:53,042 --> 01:01:56,167
it might decide it wants
to spend the night with secrecy

1112
01:01:56,250 --> 01:01:58,750
just to explore the relationship.

1113
01:01:58,958 --> 01:02:03,667
But where can they be together without
people peeking in through the curtains?

1114
01:02:03,792 --> 01:02:05,750
Well, usually, in an offshore company.

1115
01:02:05,833 --> 01:02:09,208
That way, someone looks in a window,
they see an empty room.

1116
01:02:09,333 --> 01:02:13,708
And the window and the room
could be in two different places.

1117
01:02:13,792 --> 01:02:16,167
Yeah, the window could be
in the British Virgin Islands

1118
01:02:16,250 --> 01:02:18,250
and the room could be in, uh--

1119
01:02:18,333 --> 01:02:20,292
China. It goes all the way to China.

1120
01:02:21,250 --> 01:02:24,125
Mel, I found it on the Internet.
They had the whole story.

1121
01:02:24,208 --> 01:02:26,917
Mom, I think you're spending
too much time obsessing on this.

1122
01:02:27,000 --> 01:02:29,458
Politicians are doing it.
It's not just criminals.

1123
01:02:29,583 --> 01:02:31,792
Bribery, corruption, money laundering.

1124
01:02:31,875 --> 01:02:34,167
Millions and millions
and millions of dollars.

1125
01:02:34,250 --> 01:02:38,500
And they're tryin' to hide the whole thing
through this company called Russell Prop--

1126
01:02:39,208 --> 01:02:40,583
Yes, Russell Properties.

1127
01:02:48,958 --> 01:02:50,958
[dissonant piano chords]

1128
01:02:57,875 --> 01:03:01,542
[Mossack] So here is another story
Ellen Martin wants to blame on us.

1129
01:03:02,000 --> 01:03:06,458
[Fonseca] This man, Mister Maywood,
he is about to make a big mistake.

1130
01:03:07,042 --> 01:03:10,875
[Mossack] Actually, everyone in this story
makes a big mistake.

1131
01:03:11,375 --> 01:03:14,042
[Fonseca] But Russell Properties
was not the problem here.

1132
01:03:14,125 --> 01:03:15,542
The problem was greed.

1133
01:03:16,000 --> 01:03:18,833
[Mossack] God passed a law against greed,

1134
01:03:19,583 --> 01:03:22,333
but that didn't stop people
from breaking it.

1135
01:03:22,583 --> 01:03:25,500
[Fonseca] And still Ellen Martin thinks
we are responsible

1136
01:03:25,583 --> 01:03:28,208
for this man knocking on the door
of this hotel room.

1137
01:03:35,333 --> 01:03:38,458
I remember you prefer whiskey,
no ice, correct?

1138
01:03:39,000 --> 01:03:39,917
[man] Indeed.

1139
01:03:42,417 --> 01:03:46,708
I trust business has been as good
for you as it has been for us here?

1140
01:03:47,833 --> 01:03:51,208
Last year, China became the largest
exporting country on the planet,

1141
01:03:51,958 --> 01:03:53,125
replacing Germany.

1142
01:03:54,833 --> 01:03:55,792
Mm.

1143
01:03:56,208 --> 01:03:59,292
And you also became the largest
automotive market in the world.

1144
01:04:00,250 --> 01:04:01,083
Hats off.

1145
01:04:01,917 --> 01:04:05,875
Every year, we get buried
under more regulations.

1146
01:04:05,958 --> 01:04:09,167
You... You get buried under more dosh.

1147
01:04:10,417 --> 01:04:14,042
My husband is very impressed
with your understanding of the world.

1148
01:04:14,417 --> 01:04:19,000
He says people like you are why
the British controlled China for so long.

1149
01:04:19,083 --> 01:04:21,208
[chuckles] I'll take that as a compliment.

1150
01:04:21,292 --> 01:04:24,458
Well, you should.
My husband's a brilliant man.

1151
01:04:24,542 --> 01:04:27,333
He will likely ascend from his position
on the Politburo

1152
01:04:27,417 --> 01:04:29,750
to become the leader
of all of China one day.

1153
01:04:30,958 --> 01:04:35,167
Now it's time to rinse and repeat.

1154
01:04:36,833 --> 01:04:38,667
To Russell Properties
of the Virgin Islands.

1155
01:04:38,750 --> 01:04:39,708
[glasses clink]

1156
01:04:40,958 --> 01:04:42,875
What shall we call the next one, darling?

1157
01:04:44,208 --> 01:04:46,250
You get me the money,
you can name the entity.

1158
01:04:46,375 --> 01:04:48,583
The deal with Xu Ming was very simple.

1159
01:04:48,667 --> 01:04:51,375
He wanted a plastics factory
here in Chongqing

1160
01:04:51,458 --> 01:04:53,875
and was willing
to pay for the opportunity.

1161
01:04:54,083 --> 01:04:56,042
We wanted a home on the Riviera.

1162
01:04:56,125 --> 01:04:59,250
My husband was able to help Xu
with the factory.

1163
01:04:59,333 --> 01:05:01,458
You were helpful with the home in France.

1164
01:05:02,250 --> 01:05:05,542
You understand the intricacies
of such arrangements,

1165
01:05:05,625 --> 01:05:08,125
these shell companies, as they are called.

1166
01:05:08,208 --> 01:05:09,583
They are so very useful.

1167
01:05:09,833 --> 01:05:13,958
For people in our position,
it can be a fatal illness,

1168
01:05:14,083 --> 01:05:15,708
this accumulation of money.

1169
01:05:15,917 --> 01:05:17,792
I'm nothing more than a white glove,
as you say.

1170
01:05:17,875 --> 01:05:19,417
-Ohh...
-Yes, I am.

1171
01:05:19,833 --> 01:05:21,792
A way to keep your hands
from getting dirty.

1172
01:05:21,875 --> 01:05:25,542
[tuts] There are many
white gloves in China now.

1173
01:05:25,625 --> 01:05:27,667
You, Mr. Maywood...

1174
01:05:28,500 --> 01:05:29,875
you're more than that.

1175
01:05:30,500 --> 01:05:32,708
Your initiative is inspiring.

1176
01:05:34,667 --> 01:05:37,375
For Communists,
you seem to catch on very quickly.

1177
01:05:44,042 --> 01:05:45,625
You never answered my question.

1178
01:05:46,208 --> 01:05:47,750
What question is that?

1179
01:05:49,917 --> 01:05:51,375
Are we moving ahead?

1180
01:05:52,875 --> 01:05:57,292
Or does this bribe you took from Xu
for this damn plastics factory

1181
01:05:58,208 --> 01:06:00,208
become common knowledge to all of China?

1182
01:06:01,042 --> 01:06:03,583
I don't think I have a choice now, do I?

1183
01:06:03,667 --> 01:06:05,875
You are forcing us to commit a crime.

1184
01:06:09,500 --> 01:06:11,833
I'm surprised by the appearance
of such virtue.

1185
01:06:14,125 --> 01:06:16,958
Did you come by that on
your last holiday to France?

1186
01:06:19,125 --> 01:06:21,833
I'm just asking you to do again,

1187
01:06:22,792 --> 01:06:24,083
what you did before.

1188
01:06:26,708 --> 01:06:28,625
Two hundred million US dollars.

1189
01:06:30,792 --> 01:06:33,333
It's not an opportunity
I can just let slide, love.

1190
01:06:33,917 --> 01:06:38,167
Xi Jinping has made it clear that
corruption will no longer be tolerated.

1191
01:06:38,250 --> 01:06:41,208
Are you familiar with Wang Lijun,
the chief of police?

1192
01:06:41,292 --> 01:06:43,542
I try to know
as few policemen as possible.

1193
01:06:44,125 --> 01:06:48,708
Let me tell you a story,
so you can fully understand my concerns.

1194
01:06:50,917 --> 01:06:53,375
Make sure our guest has a drink
for this story.

1195
01:06:58,500 --> 01:07:01,000
You are perhaps familiar

1196
01:07:01,083 --> 01:07:03,875
with the so-called spiritual practice
of Falun Gong.

1197
01:07:04,500 --> 01:07:07,875
It was labeled as an enemy of the state

1198
01:07:07,958 --> 01:07:09,917
for advocating superstition

1199
01:07:10,000 --> 01:07:12,375
and jeopardizing social stability.

1200
01:07:13,167 --> 01:07:18,042
Police Chief Wang decided to help
rid the country of such threats.

1201
01:07:27,417 --> 01:07:31,042
He became feared throughout the land
for the techniques he employed.

1202
01:07:41,833 --> 01:07:44,333
He would say that
the organs were harvested

1203
01:07:44,417 --> 01:07:46,375
only after the prisoners were dead.

1204
01:07:47,667 --> 01:07:50,292
But the Falun Gong were expendable.

1205
01:07:50,500 --> 01:07:55,417
And a heart can bring
$180,000 on the open market,

1206
01:07:55,542 --> 01:07:57,625
depending on the blood type.

1207
01:07:58,542 --> 01:08:02,500
A cornea from a young person
is perhaps $3,000.

1208
01:08:02,958 --> 01:08:08,542
A kidney can bring as much as
$60,000, if it is not too old.

1209
01:08:25,083 --> 01:08:26,292
[sighs]

1210
01:08:32,375 --> 01:08:33,542
[groans]

1211
01:08:35,375 --> 01:08:38,000
Really charming story. Thanks for sharing.

1212
01:08:39,042 --> 01:08:41,000
Maybe you should lie down for a moment.

1213
01:08:41,125 --> 01:08:42,417
I'm all right.

1214
01:08:43,333 --> 01:08:44,208
[sighs]

1215
01:08:44,292 --> 01:08:45,792
So, we are moving ahead?

1216
01:08:45,875 --> 01:08:47,417
Yes, move ahead.

1217
01:08:48,042 --> 01:08:50,792
I'll get the bank to reach out
to Mossack Fonseca in Panama

1218
01:08:50,875 --> 01:08:52,750
and have them set up a new company.

1219
01:08:53,042 --> 01:08:55,125
-In the Virgin Islands.
-Yes.

1220
01:08:55,208 --> 01:08:58,375
And you will promise not to make
any more threats to expose us.

1221
01:08:59,917 --> 01:09:01,958
Why would I expose my trusted partners?

1222
01:09:02,542 --> 01:09:05,375
What can I get you? Aspirin? Water?

1223
01:09:05,667 --> 01:09:06,792
Water's fine.

1224
01:09:08,292 --> 01:09:12,333
So, if we are partners,
will you do something for me?

1225
01:09:12,417 --> 01:09:13,250
Sure.

1226
01:09:13,333 --> 01:09:16,375
I need to know that
there are no others who can hurt me,

1227
01:09:16,458 --> 01:09:19,542
who can expose us,
or I'm always vulnerable.

1228
01:09:21,292 --> 01:09:23,167
I need you to divorce your wife.

1229
01:09:25,083 --> 01:09:29,708
I need you to do that
and prove your loyalty to me and Bo Xilai.

1230
01:09:30,875 --> 01:09:32,125
Will you do that for me?

1231
01:09:33,958 --> 01:09:36,042
-You're fuckin' crazy.
-[chuckles]

1232
01:09:36,125 --> 01:09:38,083
-Divorce my wife?
-Yes.

1233
01:09:40,500 --> 01:09:41,667
Mm-mm.

1234
01:09:42,292 --> 01:09:44,125
[sighs] No, I'm not doing that.

1235
01:09:45,208 --> 01:09:46,958
You're just gonna have to trust me.

1236
01:09:50,125 --> 01:09:51,375
Thank you.

1237
01:10:00,458 --> 01:10:01,625
Ah, some more, please.

1238
01:10:05,500 --> 01:10:07,750
[woman] I remember you love Mahjong.

1239
01:10:08,417 --> 01:10:13,083
I was thinking we could play a friendly
game and celebrate our new arrangement.

1240
01:10:15,542 --> 01:10:17,000
Maybe we let you sleep.

1241
01:10:18,875 --> 01:10:20,458
-[groans]
-And then we can play.

1242
01:10:22,417 --> 01:10:24,625
Oh, thank you. [breathes heavily]

1243
01:10:46,750 --> 01:10:48,292
How much longer do we have to wait?

1244
01:11:11,167 --> 01:11:12,042
[grunts]

1245
01:11:12,208 --> 01:11:13,250
[moans]

1246
01:11:39,083 --> 01:11:40,458
[moaning on TV]

1247
01:11:58,708 --> 01:11:59,708
So...

1248
01:12:01,625 --> 01:12:02,917
What brings you here today?

1249
01:12:04,708 --> 01:12:06,375
Just what I said on the phone.

1250
01:12:07,375 --> 01:12:12,000
This man Maywood has taken our son hostage
at his home in London.

1251
01:12:12,083 --> 01:12:14,375
He tried to force us
into a compromising position

1252
01:12:14,458 --> 01:12:16,542
with various offshore schemes.

1253
01:12:19,625 --> 01:12:21,542
And did you call the authorities?

1254
01:12:23,542 --> 01:12:27,417
He would have spread stories
about me and Bo.

1255
01:12:27,500 --> 01:12:28,917
I have no doubt about that.

1256
01:12:30,125 --> 01:12:32,708
This would have made things
even worse for us.

1257
01:12:35,167 --> 01:12:37,208
So I did what was needed.

1258
01:12:39,208 --> 01:12:40,250
Meaning what?

1259
01:12:45,708 --> 01:12:48,750
In the glasses he drank from,
you will find the residue of rat poison.

1260
01:12:48,833 --> 01:12:51,292
Cyanide stops the heart.

1261
01:12:52,458 --> 01:12:58,750
Along with other things in the room...
you'll understand everything very quickly.

1262
01:13:04,667 --> 01:13:07,542
Everyone sleeps better at night
when corruption has been vanquished.

1263
01:13:27,792 --> 01:13:30,333
That was Gu Kailai on November 14th.

1264
01:13:39,375 --> 01:13:45,208
We will continue to weed out corruption
at every level, no matter how high.

1265
01:13:45,708 --> 01:13:49,167
There is no place in government
for those who are weak

1266
01:13:50,250 --> 01:13:54,708
in the face of temptation.

1267
01:13:55,167 --> 01:13:59,833
On this, Xi Jinping and I agree.

1268
01:14:01,292 --> 01:14:03,250
We must all look in the mirror

1269
01:14:03,333 --> 01:14:06,042
and hold ourselves
to the highest standard,

1270
01:14:10,375 --> 01:14:14,125
as history will not be kind
to those who have stolen from the people.

1271
01:14:20,833 --> 01:14:22,000
We need to get out of here.

1272
01:14:22,083 --> 01:14:23,042
To France.

1273
01:14:28,500 --> 01:14:31,375
Gu Kailai,
you are being arrested for murder.

1274
01:14:31,958 --> 01:14:33,000
Whatever I've done,

1275
01:14:33,083 --> 01:14:35,333
I've done to defend the honor
of my country and my husband.

1276
01:14:35,417 --> 01:14:38,375
Bo Xilai, you are under arrest

1277
01:14:38,458 --> 01:14:42,083
for the crimes of bribery,
embezzlement, and abuse of power.

1278
01:14:42,167 --> 01:14:44,667
What's going on?
You've got the wrong person.

1279
01:14:45,000 --> 01:14:47,625
It's a mistake, a mistake.

1280
01:14:48,083 --> 01:14:49,917
[Fonseca] So, how is this our fault?

1281
01:14:50,000 --> 01:14:52,958
[Mossack] Did we tell Bo Xilai
and his wife, Madame Gu,

1282
01:14:53,042 --> 01:14:55,833
to accept the bribe
for the plastics factory?

1283
01:14:55,917 --> 01:14:56,792
[Fonseca] No.

1284
01:14:56,875 --> 01:14:59,750
[Mossack] Did we tell Mister Maywood
to launder that money

1285
01:14:59,833 --> 01:15:03,250
by purchasing them a mansion
in the south of France?

1286
01:15:03,333 --> 01:15:04,292
[Fonseca] No!

1287
01:15:04,375 --> 01:15:08,375
[Mossack] And we most certainly did not
tell Mister Maywood to try and force

1288
01:15:08,458 --> 01:15:12,583
Bo and Madame Gu to launder
still more money

1289
01:15:12,667 --> 01:15:17,000
by accepting more bribes
and starting more entities.

1290
01:15:17,750 --> 01:15:19,958
[Mossack]
So where did these ideas come from?

1291
01:15:20,542 --> 01:15:23,917
Where most ideas about money come from.

1292
01:15:24,333 --> 01:15:27,333
The United States of America.

1293
01:15:27,583 --> 01:15:29,458
In the late-19th century,

1294
01:15:29,542 --> 01:15:33,542
the state of Delaware realized
it could not attract business

1295
01:15:33,625 --> 01:15:36,042
the same way New York and New Jersey do.

1296
01:15:36,208 --> 01:15:39,792
So Delaware began writing
corporate-friendly tax laws,

1297
01:15:39,875 --> 01:15:42,250
hoping to lure more business.

1298
01:15:42,333 --> 01:15:43,375
And it worked.

1299
01:15:43,458 --> 01:15:46,625
1209 North Orange Street
in Wilmington, Delaware

1300
01:15:46,708 --> 01:15:51,000
is home to 285,000 companies

1301
01:15:51,333 --> 01:15:54,875
and none of them are paying state taxes.

1302
01:15:54,958 --> 01:15:55,875
[chuckling]

1303
01:15:56,500 --> 01:15:59,500
The director of this movie has five.

1304
01:16:00,042 --> 01:16:02,708
-Even-- Even our writer has one.
-[laughs]

1305
01:16:02,833 --> 01:16:04,875
But if Delaware could do it,

1306
01:16:04,958 --> 01:16:07,875
why couldn't, uh,
Switzerland or Luxembourg,

1307
01:16:07,958 --> 01:16:10,792
and, uh, Hong Kong
and the British Virgin Islands?

1308
01:16:10,875 --> 01:16:13,500
You are probably wondering, is this legal?

1309
01:16:14,375 --> 01:16:15,208
Hm?

1310
01:16:16,083 --> 01:16:19,958
Yes. This is called tax avoidance.

1311
01:16:20,292 --> 01:16:23,167
Now, tax evasion is a crime,

1312
01:16:24,083 --> 01:16:27,583
uh, but tax avoidance,
that's what put us in business.

1313
01:16:27,667 --> 01:16:30,625
And the line between the two,
we like to say,

1314
01:16:30,708 --> 01:16:33,250
it's as thin as a jailhouse wall.

1315
01:16:33,792 --> 01:16:38,875
Now, those very bad things
that have happened to Ellen....

1316
01:16:39,458 --> 01:16:42,000
First, the sinking of the boat, uh...

1317
01:16:42,208 --> 01:16:45,500
-then losing the... the condo in Vegas.
-Yes.

1318
01:16:45,583 --> 01:16:48,167
It's taking a toll on her health.

1319
01:16:48,375 --> 01:16:52,583
Her daughter says she has,
uh, lost appetite,

1320
01:16:52,667 --> 01:16:54,583
uh, she isn't sleeping,

1321
01:16:54,667 --> 01:16:58,292
and the anger she is feeling
is eating her up inside

1322
01:16:58,375 --> 01:17:01,917
because the world is beyond her control.

1323
01:17:02,458 --> 01:17:04,958
She can't afford to make
campaign contributions

1324
01:17:05,042 --> 01:17:08,542
to politicians who could change
the laws that torment her.

1325
01:17:09,542 --> 01:17:13,875
But instead,
she has to come here and pray.

1326
01:17:16,125 --> 01:17:19,250
[Ellen] Thank you, Lord, thank you.
Thank you for everything.

1327
01:17:20,167 --> 01:17:21,292
I hate to ask this,

1328
01:17:21,375 --> 01:17:23,333
but I was just wondering when exactly

1329
01:17:23,417 --> 01:17:26,000
the meek will be inheriting the Earth?

1330
01:17:26,917 --> 01:17:30,417
Wi-- Will that be in my lifetime
or in my grandkids'?

1331
01:17:31,125 --> 01:17:36,583
And-- And the part about the first being
the last and the last shall be first,

1332
01:17:36,667 --> 01:17:38,083
when does that start?

1333
01:17:38,542 --> 01:17:39,417
Hm?

1334
01:17:40,125 --> 01:17:43,042
And what about the rest of us
in the middle, you know?

1335
01:17:43,125 --> 01:17:47,833
We're just falling further and further
and further behind.

1336
01:17:47,917 --> 01:17:49,333
My mother used to say,

1337
01:17:50,250 --> 01:17:52,417
"May lightning strike 'em all
without hitting me."

1338
01:17:52,500 --> 01:17:57,083
Well, aren't you still in charge
of lightning? I know. I know, I know.

1339
01:17:57,167 --> 01:17:59,708
I'm supposed to say,
"Forgive them, Father.

1340
01:17:59,792 --> 01:18:01,208
They know not what they do."

1341
01:18:01,292 --> 01:18:05,875
But I think they do know goddamn well
what they're doing, they just don't care.

1342
01:18:07,292 --> 01:18:11,125
Ah, just... If just one of them
could say, "I'm sorry,"

1343
01:18:11,917 --> 01:18:13,833
you know, and mean it.

1344
01:18:14,375 --> 01:18:16,583
Or go to jail. [chuckles]

1345
01:18:17,208 --> 01:18:20,250
Or both. Yeah. Hey, that would be nice.

1346
01:18:20,333 --> 01:18:21,833
How about both?

1347
01:18:27,875 --> 01:18:29,750
[phone vibrating]

1348
01:18:31,625 --> 01:18:33,375
Oh... [panting]

1349
01:18:35,167 --> 01:18:36,125
Yeah?

1350
01:18:36,417 --> 01:18:37,583
[gasping]

1351
01:18:44,875 --> 01:18:46,875
[phone rings]

1352
01:18:47,083 --> 01:18:49,083
-[phone buzzes]
-[phone chimes]

1353
01:18:49,250 --> 01:18:51,833
[ringing and buzzing continue]

1354
01:18:58,667 --> 01:19:00,125
-[ringing continues]
-[grunts]

1355
01:19:18,667 --> 01:19:19,708
[sighs]

1356
01:19:22,083 --> 01:19:24,083
[panting]

1357
01:19:32,833 --> 01:19:36,083
A lot of it's legal,
but that's exactly the problem.

1358
01:19:37,125 --> 01:19:40,375
It's not that they're breaking the laws,
it's that the laws are so poorly designed

1359
01:19:40,458 --> 01:19:43,083
that they allow people,
if they've got enough lawyers

1360
01:19:43,167 --> 01:19:46,708
and enough accountants,
to wiggle out of responsibilities

1361
01:19:46,792 --> 01:19:50,167
that ordinary citizens
are having to abide by.

1362
01:19:50,250 --> 01:19:54,042
We turn now to the banking bombshell
causing shock waves around the world,

1363
01:19:54,125 --> 01:19:56,000
the so-called "Panama Papers",

1364
01:19:56,083 --> 01:19:58,583
believed to be the biggest data leak
in history.

1365
01:19:58,667 --> 01:20:02,417
Iceland's Prime Minster has stepped down
after being named in the papers.

1366
01:20:02,500 --> 01:20:04,167
Also mentioned in the files,
the late father

1367
01:20:04,250 --> 01:20:05,875
of British Prime Minister David Cameron.

1368
01:20:05,958 --> 01:20:08,750
We just got in this breaking news
from Pakistan. It's an ongoing story.

1369
01:20:08,833 --> 01:20:11,458
Nawaz Sharif,
the Prime Minister, has resigned.

1370
01:20:11,542 --> 01:20:13,958
...fish for it, or did it just appear?

1371
01:20:14,458 --> 01:20:16,875
Uh... I got a message late one night,

1372
01:20:17,000 --> 01:20:21,250
um, and it was from somebody
who called himself Mr. John Doe

1373
01:20:21,625 --> 01:20:23,917
and offered vast amounts of data.

1374
01:20:24,000 --> 01:20:27,042
And we said yes. So I did not fish for it.

1375
01:20:27,125 --> 01:20:28,833
It just... You know, it just...

1376
01:20:30,417 --> 01:20:32,000
came to us like, uh, fate.

1377
01:20:33,875 --> 01:20:38,833
[Mossack] Uh, we are in the process
of an in-depth investigation

1378
01:20:39,000 --> 01:20:42,917
uh, with experts who have confirmed that,
unfortunately,

1379
01:20:43,000 --> 01:20:46,750
we have been subject
to an unauthorized, uh...

1380
01:20:46,833 --> 01:20:49,083
breach in our email server.

1381
01:20:49,167 --> 01:20:52,750
We are working
with the help of outside consultants

1382
01:20:52,833 --> 01:20:55,792
to determine the extent
to which our system was accessed

1383
01:20:55,875 --> 01:20:58,417
-by unauthorized persons.
-Mm-hm.

1384
01:20:59,292 --> 01:21:01,750
[clears throat]
What do we tell our clients?

1385
01:21:03,292 --> 01:21:04,375
Well... uh...

1386
01:21:04,875 --> 01:21:07,458
"We... We regret again any inconvenience

1387
01:21:07,542 --> 01:21:09,833
that this, um...
event may have caused you,

1388
01:21:09,917 --> 01:21:14,500
and, uh, we thank you
for your continued trust and," uh...

1389
01:21:16,917 --> 01:21:18,708
-Yeah.
-Who would have done such a thing?

1390
01:21:19,208 --> 01:21:20,375
Who is John Doe?

1391
01:21:20,458 --> 01:21:22,333
Who, exactly?

1392
01:21:23,667 --> 01:21:26,917
There was a lawsuit in Nevada.

1393
01:21:27,667 --> 01:21:30,208
We were accused of obstruction of justice,

1394
01:21:30,292 --> 01:21:32,708
-but that was never proven.
-Never.

1395
01:21:33,250 --> 01:21:36,833
Maybe our opponent
stole the data to punish us.

1396
01:21:36,917 --> 01:21:39,167
Hm. Then again, maybe...

1397
01:21:39,750 --> 01:21:43,333
maybe it was another law firm,
jealous of our success.

1398
01:21:43,458 --> 01:21:45,667
-Hm.
-Such is the nature of all business.

1399
01:21:45,750 --> 01:21:49,667
Or maybe it was a hacker
who found a backdoor

1400
01:21:49,750 --> 01:21:52,917
to rob us of our reputations
and stole our future.

1401
01:21:53,042 --> 01:21:57,292
An emissary of the meek,
not content to wait for their inheritance.

1402
01:21:57,375 --> 01:22:01,083
Someone who labored under the naive
understanding of the world around them.

1403
01:22:01,167 --> 01:22:05,375
Who blamed us for every, uh, pothole
and collapsing bridge,

1404
01:22:05,458 --> 01:22:09,958
for every, uh, school without books,
for every stomach without food.

1405
01:22:10,042 --> 01:22:12,042
So what did John Doe say about us?

1406
01:22:13,375 --> 01:22:17,042
"More than just a cog in
the machine of 'wealth management',

1407
01:22:17,125 --> 01:22:20,750
Mossack Fonseca
used its influence to write, to--"

1408
01:22:20,917 --> 01:22:26,500
"To... To write and bend laws worldwide
to favor the interests of criminals!"

1409
01:22:26,583 --> 01:22:28,542
-Now, we didn't write the laws!
-Nah.

1410
01:22:28,625 --> 01:22:30,292
-We just wrote contracts.
-Yeah!

1411
01:22:30,375 --> 01:22:33,292
And isn't John Doe the criminal here?
The thief of privacy?

1412
01:22:33,375 --> 01:22:36,625
Twenty-five years of hard work
wiped out in a news cycle!

1413
01:22:36,708 --> 01:22:37,542
Ugh.

1414
01:22:37,625 --> 01:22:41,167
We will be closing our offices
in, uh, Wyoming,

1415
01:22:41,250 --> 01:22:44,292
uh, Gibraltar, and, uh, Jersey.

1416
01:22:44,625 --> 01:22:46,292
In-- In retrospect, uh...

1417
01:22:46,417 --> 01:22:51,125
I think we... we could have
spent more on cyber-security.

1418
01:22:51,458 --> 01:22:53,125
-Yeah.
-Yeah.

1419
01:22:54,000 --> 01:22:56,917
Fucking British Virgin Islands
want to fine us.

1420
01:22:57,333 --> 01:23:00,458
$440,000. A fine.

1421
01:23:00,542 --> 01:23:03,125
They should be building
a statue of us instead, you know?

1422
01:23:03,208 --> 01:23:06,667
They would be a pile of sand with
a fucking palm tree sticking out of it

1423
01:23:06,750 --> 01:23:07,792
if not for us!

1424
01:23:08,042 --> 01:23:09,375
I'm sorry, I shouldn't--

1425
01:23:09,500 --> 01:23:10,583
[stammers]

1426
01:23:10,667 --> 01:23:11,750
Uh, and Niue.

1427
01:23:11,833 --> 01:23:13,208
-[chuckles] Niue.
-Niue.

1428
01:23:13,292 --> 01:23:14,167
-Niue.
-No, uh--

1429
01:23:14,250 --> 01:23:16,417
-Niue would be nothing without us.
-Nothing.

1430
01:23:16,500 --> 01:23:19,167
-[Mossack] We put Niue on the goddamn map!
-[Fonseca] We did.

1431
01:23:19,250 --> 01:23:21,875
There is someone on the phone
who is asking questions

1432
01:23:21,958 --> 01:23:24,208
about something called "Odebrecht".

1433
01:23:24,333 --> 01:23:25,792
[panting]

1434
01:23:30,042 --> 01:23:32,042
[men speaking Spanish]

1435
01:23:35,917 --> 01:23:38,417
[Fonseca] Who sent you? John Doe?

1436
01:23:39,083 --> 01:23:41,167
Are you John Doe's police force?

1437
01:23:41,250 --> 01:23:43,250
We are here
because President Varela believes

1438
01:23:43,333 --> 01:23:45,292
you have knowledge
about Odebrecht.

1439
01:23:45,625 --> 01:23:46,625
Odebrecht?

1440
01:23:46,708 --> 01:23:49,958
A Brazilian construction company that
has paid out over three billion dollars

1441
01:23:50,042 --> 01:23:51,708
in bribes to officials
all around the world

1442
01:23:51,792 --> 01:23:55,208
in order to secure giant contracts
in more than a dozen countries.

1443
01:23:55,333 --> 01:23:57,833
And-- And what does that have
to do with my garden?

1444
01:24:01,167 --> 01:24:04,625
There are dozens of shell companies
your firm created for Odebrecht

1445
01:24:04,708 --> 01:24:05,958
to launder bribes.

1446
01:24:06,500 --> 01:24:08,792
Companies in Nevada,
in the British Virgin Islands.

1447
01:24:08,875 --> 01:24:12,167
No, no, no, no. We sold those companies
to intermediaries.

1448
01:24:12,250 --> 01:24:15,708
Uh... We-- We had no knowledge of
what the money was used for!

1449
01:24:15,792 --> 01:24:16,667
Mm.

1450
01:24:16,792 --> 01:24:18,083
Why don't I believe you?

1451
01:24:18,208 --> 01:24:19,292
Oh, I know why.

1452
01:24:19,375 --> 01:24:22,167
Europol says nearly 3,500 individuals

1453
01:24:22,250 --> 01:24:24,417
with companies your firm created

1454
01:24:24,500 --> 01:24:26,375
are connected to suspected criminals.

1455
01:24:26,500 --> 01:24:27,458
That's why.

1456
01:24:28,250 --> 01:24:29,250
Get him out of here.

1457
01:24:29,333 --> 01:24:31,958
So what?
Do you want to know about Odebrecht?

1458
01:24:32,042 --> 01:24:33,833
-That's why we're here.
-You know what? Listen.

1459
01:24:33,917 --> 01:24:37,875
The highway most of you took to get here
this morning was built by Odebrecht.

1460
01:24:38,583 --> 01:24:42,500
You know, they actually have a department
of their company in charge of bribes.

1461
01:24:42,583 --> 01:24:43,958
-Is that my fault?
-[murmuring]

1462
01:24:44,042 --> 01:24:46,375
They have paid over three billion dollars

1463
01:24:46,458 --> 01:24:48,375
-in bribes to secure...
-No, Ramón, that's enough.

1464
01:24:48,458 --> 01:24:50,500
...construction contracts
all over the world.

1465
01:24:50,583 --> 01:24:53,875
And I have every reason to believe that
President Varela of Panama himself

1466
01:24:53,958 --> 01:24:56,500
has accepted campaign contributions
from Odebrecht!

1467
01:24:56,583 --> 01:24:58,875
-What? Do you have proof of this?
-No, Ramón--

1468
01:24:58,958 --> 01:25:02,292
May I be struck down by lightning
if I am lying.

1469
01:25:02,417 --> 01:25:04,167
-Who's John Doe?
-All right? No, no.

1470
01:25:04,250 --> 01:25:07,083
President Varela has not defended Panama.

1471
01:25:07,167 --> 01:25:10,583
We have dropped our pants
before the international community,

1472
01:25:10,667 --> 01:25:12,750
and they are all lining up behind us now.

1473
01:25:12,833 --> 01:25:14,292
-Enough!
-Who is Joe Doe?

1474
01:25:14,375 --> 01:25:17,542
I don't-- I don't know who John Doe is!
Fuck John Doe!

1475
01:25:21,208 --> 01:25:26,833
I think Ramón wishes he had not said
some of the things he said that day

1476
01:25:26,917 --> 01:25:28,583
about our president.

1477
01:25:29,375 --> 01:25:30,250
[sighs]

1478
01:25:30,958 --> 01:25:33,833
These are the kinds of wishes
that men have

1479
01:25:34,750 --> 01:25:37,000
when they are sitting in jail.

1480
01:25:38,958 --> 01:25:40,167
Father Gallego.

1481
01:25:40,625 --> 01:25:41,542
[chuckles]

1482
01:25:42,083 --> 01:25:45,708
Maybe he was a saint
and there was no room for him on Earth,

1483
01:25:46,000 --> 01:25:48,958
so he was, uh... moved to Heaven.

1484
01:25:50,792 --> 01:25:53,750
Yeah, but there was plenty of room
for Jürgen and I.

1485
01:25:54,583 --> 01:25:58,625
Room for us to keep 215,000 secrets.

1486
01:26:00,292 --> 01:26:01,292
What?

1487
01:26:02,042 --> 01:26:04,375
You wanna go back to bananas?

1488
01:26:05,542 --> 01:26:07,542
-Yeah.
-[Fonseca chuckles]

1489
01:26:26,333 --> 01:26:28,083
So, if we are the losers,

1490
01:26:30,000 --> 01:26:31,417
then who are the winners?

1491
01:26:33,417 --> 01:26:34,417
The meek?

1492
01:26:35,667 --> 01:26:37,000
Children who need books?

1493
01:26:39,000 --> 01:26:40,625
The poor who need homes?

1494
01:26:41,583 --> 01:26:42,625
No.

1495
01:26:43,917 --> 01:26:45,708
The United States.

1496
01:26:46,333 --> 01:26:49,500
The biggest tax haven in the world.

1497
01:26:51,167 --> 01:26:52,458
Delaware.

1498
01:26:53,583 --> 01:26:54,833
Nevada.

1499
01:26:56,250 --> 01:26:57,417
Wyoming.

1500
01:26:59,083 --> 01:27:01,917
How much due diligence is happening there?

1501
01:27:03,042 --> 01:27:07,208
Yes, there is a--
a brand new tax law in America.

1502
01:27:08,083 --> 01:27:11,750
And it does nothing to stop any of this.

1503
01:27:13,292 --> 01:27:14,250
Huh.

1504
01:27:16,750 --> 01:27:19,292
Is John Doe on his way there?

1505
01:27:25,917 --> 01:27:27,000
[Fonseca] Well, uh...

1506
01:27:27,500 --> 01:27:29,083
We thank you, uh...

1507
01:27:29,167 --> 01:27:32,000
for listening to our side of the story.

1508
01:27:32,917 --> 01:27:35,125
Mossack Fonseca... uh...

1509
01:27:36,292 --> 01:27:37,333
is no more.

1510
01:27:37,875 --> 01:27:41,375
But there are many other firms
just like us.

1511
01:27:41,833 --> 01:27:45,667
Yeah.
Still in business all around the world.

1512
01:27:45,958 --> 01:27:49,125
And what does John Doe
have to say about that?

1513
01:27:49,667 --> 01:27:50,875
Whoever that is.

1514
01:27:51,542 --> 01:27:56,125
I do not work for any government
or intelligence agency, I never have.

1515
01:27:57,208 --> 01:28:00,208
My viewpoint is entirely my own,

1516
01:28:01,083 --> 01:28:04,083
as was my decision to share the documents.

1517
01:28:04,708 --> 01:28:07,125
I call on the European Commission

1518
01:28:07,917 --> 01:28:09,708
and the British Parliament,

1519
01:28:10,292 --> 01:28:12,208
the United States Congress,

1520
01:28:12,750 --> 01:28:14,458
and all nations

1521
01:28:14,958 --> 01:28:19,333
to put an end to massive, pervasive...

1522
01:28:19,667 --> 01:28:21,042
[as Ellen] ...corruption!

1523
01:28:24,625 --> 01:28:25,542
[sighs]

1524
01:28:26,333 --> 01:28:28,292
In this system, our system,

1525
01:28:29,458 --> 01:28:31,167
the slaves are unaware,

1526
01:28:31,250 --> 01:28:34,458
both of their status and of their masters,

1527
01:28:34,542 --> 01:28:36,542
who exist in a world apart

1528
01:28:36,625 --> 01:28:41,583
and where the shackles are hidden
amidst reams of...

1529
01:28:42,500 --> 01:28:43,917
unreachable legalese.

1530
01:28:44,000 --> 01:28:48,292
It is a result of massive, pervasive
corruption of the legal profession.

1531
01:28:48,625 --> 01:28:52,500
When it takes a whistleblower
to sound the alarm,

1532
01:28:52,583 --> 01:28:54,667
it is cause for even greater concern.

1533
01:28:55,708 --> 01:28:58,000
'Cause it signals that... [sighs]

1534
01:28:58,083 --> 01:29:01,958
...democracy's checks
and balances have all failed,

1535
01:29:02,667 --> 01:29:06,125
and that severe... [panting]

1536
01:29:06,833 --> 01:29:07,792
[snorts]

1537
01:29:08,333 --> 01:29:11,125
...instability could be just...

1538
01:29:13,500 --> 01:29:14,625
[sighs heavily]

1539
01:29:15,333 --> 01:29:17,250
just around the corner. [sniffles]

1540
01:29:19,708 --> 01:29:22,333
So... now...

1541
01:29:23,208 --> 01:29:24,417
is the time...

1542
01:29:25,250 --> 01:29:26,417
for real action.

1543
01:29:28,042 --> 01:29:30,583
It starts with asking questions.

1544
01:29:31,375 --> 01:29:36,292
Tax evasion cannot possibly be fixed...
[chuckling]

1545
01:29:36,625 --> 01:29:40,000
while elected officials
are pleading for money

1546
01:29:40,083 --> 01:29:42,375
from the very elites

1547
01:29:43,917 --> 01:29:46,417
who have
the strongest incentives to avoid taxes...

1548
01:29:47,292 --> 01:29:49,792
relative to any other segment
of the population.

1549
01:29:51,208 --> 01:29:52,125
Yeah.

1550
01:29:52,208 --> 01:29:53,083
These...

1551
01:29:54,917 --> 01:29:57,542
political practices
have come full circle

1552
01:29:58,000 --> 01:29:59,667
and are irreconcilable.

1553
01:30:01,542 --> 01:30:02,542
[sighs heavily]

1554
01:30:03,875 --> 01:30:05,042
Reform...

1555
01:30:06,375 --> 01:30:12,542
of America's broken campaign
finance system cannot wait.

1556
01:30:24,625 --> 01:30:26,625
[gentle wind blowing]

1557
01:34:22,875 --> 01:34:28,583
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