Ramón Fonseca Mora

In 2016, Mossack Fonseca was raided by police on suspicion of money-laundering, bribery and corruption. Fonseca and his partner Jürgen Mossack were arrested and jailed on 10 February 2017. They were initially refused bail because of flight risk, but were released on 21 April 2017 on US$500,000 bail each, after a judge ruled they had cooperated with the investigation. In March 2018, the firm shut down in the wake of its involvement in the Panama Papers affair. Numerous lawsuits including serious allegations of collusion with despotic regimes, mafia, and global criminals are ongoing. Provided by Wikipedia