US indicts 4 in Panama Papers tax evasion scheme

US indicts 4 in Panama Papers tax evasion scheme

The US Justice Department has indicted 4 people in connection with tax evasion schemes revealed by a massive leak of documents known as the Panama Papers.

The department announced on Tuesday that the 4 have been charged with wire and tax fraud, money laundering and other offenses.

The indicted include a lawyer and a client of Panama-based law firm Mossack Fonseca, which was at the center of the scandal that came to light in 2016.

The documents leaked from the company detail offshore financial transactions by the world's rich and famous.

The indictment said the lawyer and others conspired to help the firm's clients conceal assets, investments and income from US tax authorities from 2000 to 2017. It said the misconduct was carried out through sham foundations and shell companies revealed in the Panama Papers.

The client charged for using their services was a US resident at the time.

The Justice Department says the charges represent prosecutors' commitment to tackling financial crime across international borders and exposing the tax cheats who utilize their services.