WASHINGTON — The leak of documents known as the Panama Papers illustrates how Donald J. Trump and others seek to profit from his name.
Trump doesn’t appear to be the direct owner of any offshore company formed by Mossack Fonseca, the Panamanian law firm that is now the subject of multiple investigations after its documents were leaked to journalists.
The Trump name shows up on 3,540 of those leaked documents, many shedding light on what has become a business model. Some of his associates and business partners are also in the files.
Early in his career, Trump developed properties. Over the decades, he has increasingly let others invest the capital and take the risks. He sells them his name and reputation, and is paid millions in return.
That’s the case with the Trump Ocean Club International Hotel & Tower in Panama. In the law firm’s files, it is the most frequent association with Trump’s name, since his business partners in the project appear as buyers of condo units, some of whom create offshore shell companies with Mossack Fonseca for the purchase.
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