Doug Manchester
  • Doug Manchester
  • Letter to Editor
  • Pin it

On Monday (May 9) the International Consortium of Investigative Journalists published a database of almost 214,000 offshore entities created in tax and secrecy havens by a Panama law firm, Mossack Fonseca. The data were leaked to investigative journalists who worked for a year before releasing names. The consortium stresses that the entities may have been created legally — a point that President Obama made in discussing the release.

I found nine entities with the name "Manchester" in them. One is particularly interesting: Manchester Financial Group Ltd.

San Diego real estate developer and former owner of the Union-Tribune Douglas Manchester's major company is named Manchester Financial Group. The lady who answered the phone there, whom I have dealt with before, is quite knowledgeable, although I don't know her name. I asked to speak to Richard Gibbons, the financial guru working for Manchester. I described the consortium's data release. I mentioned Manchester Financial Group Ltd., and said I did not believe that Douglas Manchester's company had an "Ltd." at the end. She said that the Manchester operation had a number of companies, but she didn't address the use of the term "Ltd."

She excused herself to consult with somebody else. She came back and said, "We have no affiliation with anybody in Panama." Politely, I said that statement doesn't quite address the information I was seeking. She repeated the sentence and hung up.

Here are the entities unearthed by the consortium that have the name Manchester in them: 1) Manchester Financial Group Ltd.; 2) Manchester Inc.; 3) Manchester Realty Corp.; 4) London & Manchester Trading Limited; 5) Manchester State Company Limited; 6) Manchester International Resources Corp.; 7) Manchester Overseas Trading Corp.; 8) Manchester Holdings PTY Ltd.; 9) Manchester ImpEx Inc.

Manchester Financial Group Ltd. was incorporated in 1996 in the British Virgin Islands tax haven with a link to the granddaddy of all tax havens, Switzerland. It defaulted and became inactive in 2001.

  • Letter to Editor
  • Pin it

Comments

monaghan May 10, 2016 @ noon

How about any entities bearing the name "Clinton?"

0

Don Bauder May 10, 2016 @ 12:13 p.m.

monaghan: I will bet there are many offshore entities tied to the Clintons but I will also bet that they don't use the name "Clinton."

If the presidential race will be between Donald Trump and Hillary Clinton, it will be interesting to see the dirt that flies. After they left the White House, Bill and Hillary set out to make a fortune, and did, using worldwide connections.

There is plenty on Trump, too. My guess is that while he names everything he develops "Trump" This or That -- Trump hotels, Trump golf courses, Trump vodka, Trump airlines, etc. -- his offshore entities, if he has any, won't bear the Trump name. Best, Don Bauder

0

MURPHYJUNK May 11, 2016 @ 7:30 a.m.

how many layers will someone investigate before finding out the real culprits, ( on be killed in the process of messing with powerful persons)

0

Don Bauder May 11, 2016 @ 8:15 p.m.

Murphyjunk: Getting killed messing with powerful persons is something a lot of people worry about. Best, Don Bauder

0

aardvark May 12, 2016 @ 10:24 a.m.

Someone being killed? Surely it must just be an "unfortunate accident".

1

MURPHYJUNK May 13, 2016 @ 7:47 a.m.

cost less than a payoff in the long run

0

Don Bauder May 13, 2016 @ 12:54 p.m.

Murphyjunk: It costs the payor little. But the payee REALLY pays. Best, Don Bauder

0

MURPHYJUNK May 13, 2016 @ 2:47 p.m.

Dennis Hastert might argue that theory

0

Don Bauder May 14, 2016 @ 8:20 a.m.

Murphyjunk: Hastert's young victims got worse treatment than Hastert did. Best, Don Bauder

1

Don Bauder May 14, 2016 @ 8:29 a.m.

aardvark: Unfortunate, yes. Accident, no. Best, Don Bauder

0

Don Bauder May 12, 2016 @ 10:34 a.m.

aardvark: Or suicide. Best, Don Bauder

0

Flapper May 12, 2016 @ 10:28 p.m.

Leakers should leave no trails or puddles leading to them. In fact, they should engineer them so that some other butt-kisser gets the blame. Be v e r y careful!

1

Don Bauder May 13, 2016 @ 8:13 a.m.

Flapper: The investigators keep repeating that some of this activity is legal. I keep asking why it is legal. Oh, some man may be hiding the money from his spouse -- legally. But I ask why he is hiding it from his spouse. Sunlight is the best disinfectant. Best, Don Bauder

0

Don Bauder May 13, 2016 @ 12:56 p.m.

Flapper: Generally speaking, in almost any endeavor, the whistleblower gets punished and the lawbreakers go free. Best, Don Bauder

0

Don Bauder May 14, 2016 @ 8:23 a.m.

Flapper: That's what automatic clothes washers do. Best, Don Bauder

1

SportsFan0000 May 18, 2016 @ 2 a.m.

The Panama Papers Case Mentions the Trump name 3,500 times more or less. No wonder why Trump refused to release his tax returns. I would not be Surprised if Trump's tax returns open up many more cans of worms than Romney's tax returns. See Addicting Info Report http://addictinginfo.org/2016/05/14/panama-papers-show-donald-trumps-name-mentioned-over-3500-times/

See also "Crooks and Liars" Report http://crooksandliars.com/2016/05/uh-oh-trump-named-panama-papers-3540-times

0

Don Bauder May 18, 2016 @ 6:15 a.m.

SportsFan0000: Trump should be quizzed on these references in Panama Papers. Best, Don Baude

0

Sign in to comment

Let’s Be Friends

Subscribe for local event alerts, concerts tickets, promotions and more from the San Diego Reader

Close