The labyrinthine offshore world of the Mulaceks
Remember the Panama papers, and more recently the Pandemic papers? It all started with leaks at the Panama law firm of Mossack Fonseca. They were shut down and face criminal charges over alleged money laundering and helping fraudsters. They obviously deny this.
There is a Sterling Mulacek Trust formed in the Seychelles, (another secretive tax haven) managed by Phil Mulacek. The address is c/o Mossack Fonseca, Seychelles ! Is this another entity that invested in stock of Empire Petroleum? Is this another investor in Energy Evolution Master Fund, domiciled in the secretive Cayman Islands, managed by Sterling Mulacek and Alain and Marc Vinson, the newphews of Phil ?
Phil and Marc Vinson seem to pop up everywhere. There is even a Cyprus company that they manage. Maybe this is yet another one of the entities that secretly invested. Cyprus of course is being shut down by the European Union as it turns out that certain Russian Oligarchs and other unsavory people used Cyprus entities to launder money.
Mineral Resources is another company that according to an Empire news release of last year bought 40% of Empire Texas. Since then that name has disappeared and is never mentioned again. Phil and Marc are in there too, but the secretive French financier Gerard Jacquin owns it, although according to the Empire news release at the time, Phil has funded that entity.
One wonders who is keeping track of all those offshore entities and the related money flows for Phil and his nephews. That someone had better be prepared to answer these questions soon...
