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    The Paradise Papers: Revelations Spring From Leaked Records Of World's Wealthy

    Commerce Secretary Wilbur Ross, Queen Elizabeth, and a key ally to Canadian Prime Minister Justin Trudeau are among the rich and powerful whose offshore financial dealings are being scrutinized.
    by Bill Chappell Nov 06, 2017 6 minutes
    U.S. Commerce Secretary Wilbur Ross "was a major client of Appleby," an offshore law firm at the heart of the Paradise Papers, according to the International Consortium of Investigative Journalists. / BRENDAN SMIALOWSKI / Getty Images

    U.S. Commerce Secretary Wilbur Ross, Britain's Queen Elizabeth and a key ally to Canadian Prime Minister Justin Trudeau are among the 120 rich and powerful people who are mentioned in the Paradise Papers, a new release of data about offshore tax havens and obscure financial dealings.

    The Paradise Papers are a massive trove of 13.4 million records — many of which were leaked from the offshore law firm Appleby, which was founded more than 100 years ago and operates in places ranging from Bermuda and the Cayman Islands to the Isle of Man, Mauritius, Shanghai and Hong Kong.

    Reflecting millions of loan deals, financial statements, emails and other documents, the data reveals how specialty firms handle the money of wealthy individuals, families and corporations.

    Some 380 journalists collaborated to unravel the connections in the Paradise Papers' nearly 1.5 terabytes of data. The trove was acquired by , which says the records show how the wealthy and powerful

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