The Laundromat Is Based on the True Story of How the Panama Papers Exposed Rich Scammers
Hollywood loves a good true-crime story almost as much as scammers love to scam, so that's why The Laundromat inevitably exists. The Steven Soderbergh-helmed film brings Netflix viewers a fictionalized account of the 2016 Panama Papers scandal, during which a massive data breach exposed how the rich set up offshore accounts to avoid taxes and launder money.
The company helping these elites was the law firm Mossack Fonseca, founded by Jürgen Mossack (Gary Oldman) and Ramón Fonseca (Antonio Banderas). Meryl Streep comes in as Ellen Martin, an unassuming middle-class woman whose husband dies in a ferry accident. Following his death, the ferry owners realize that their insurance policy is a sham tracing back to Mossack Fonseca's shady money laundering businesses. The movie's star-powered cast and poppy colors certainly heighten the Panama Paper scandal, but the true story of corruption is downright shocking on its own.
First, Let's Talk About Shell...
The company helping these elites was the law firm Mossack Fonseca, founded by Jürgen Mossack (Gary Oldman) and Ramón Fonseca (Antonio Banderas). Meryl Streep comes in as Ellen Martin, an unassuming middle-class woman whose husband dies in a ferry accident. Following his death, the ferry owners realize that their insurance policy is a sham tracing back to Mossack Fonseca's shady money laundering businesses. The movie's star-powered cast and poppy colors certainly heighten the Panama Paper scandal, but the true story of corruption is downright shocking on its own.
First, Let's Talk About Shell...
- 10/15/2019
- by Stacey Nguyen
- Popsugar.com
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