Panama Papers
Steyer is one of the few Americans directly exposed in the 2016 Panama Papers scandal, the leaking of 11.5 million documents that illustrate how wealthy individuals keep personal financial information private – and often set up shell corporations for illegal purposes, including fraud, kleptocracy, tax evasion, political corruption, and evading international sanctions.
The Washington Free Beacon reported in May 2016 that the Panama Papers revealed that Steyer helped finance a company used by China’s former head of state to park investments in overseas tax havens. According to the Beacon, “Steyer’s hedge fund joined a firm with ties with the family of China’s then-premier in an early investment round for a British Virgin Islands-based company, according to incorporation documents on file with New Horizon Capital, a Singaporean corporate law and accounting firm infamous for scandal over opaque financial activity.”
http://leftexposed.org/2018/01/tom-steyer/
