A pinboard by
George Ng

Ph.D in Biotechnology who has joined a eCommerce startup in Hong Kong.


There are data leaks and then there's the Panama Papers. 2.6 terabytes worth of data hiding billions

Why is This Important? The Panama-based law firm Mossack Fonseca, incorporates shell companies in tax havens such as the British Virgin Islands and charges wealthy clients in 42 countries for managing their wealth. An anonymous source leaked 11.5 million documents to the German newspaper Süddeutsche Zeitung, who shared them with the International Consortium of Investigative Journalists (ICIJ). (read more) The ICIJ created a 2.6 terabyte repository of Mossack Fonseca's detailed client information and gave access to news outlets, who broke the news. Panama Papers won the ICIJ the Pulitzer Prize for Explanatory Reporting. (read more)

How Massive is the Dataset? In 2010, Wikileaks released 1.7 gigabytes of US diplomatic cables online and in 2013 Edward Snowden shared large amounts of secret intelligence documents with journalists, revealing how taxpayers' money were used to defeat the privacy and security tools to spy on its own citizens and friendly nations. (see the papers) Compared to these leaks the Panama Papers could be the mother of all leaks. (read more)

Follow the Money Trail Some US$2bn leads all the way to Russian President Vladimir Putin: his cellist friend Sergei Roldugin owns 3 offshore shell companies, one of which invests US$12 million in a ski resort that Putin's younger daughter Katerina happened to have been married in. (read more)