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Business & Economics

Who's Using South Dakota as a Tax Haven for Foreign Wealth? | FRONTLINE

The video an excerpt from the new FRONTLINE/ICIJ documentary, "Pandora Papers."

The attached interview is from SDPB's daily public-affairs show, In the Moment.

When reporters Will Fitzgibbon and Debbie Cenziper began digging into the Pandora Papers — nearly 12 million confidential files leaked to the International Consortium of Investigative Journalists whose contents would go on to reverberate across the world — they noticed something curious.

In the trove of documents, which expose a secretive financial system that shields the deals and assets of some of the world’s richest and most powerful people, one U.S. state, South Dakota, stood out.

“We early on found a document in the leaked records that showed that there were a number of trusts established in South Dakota and of course, our question was, who's establishing trusts in South Dakota?” says Cenziper, a reporter at The Washington Post. “And we just really wanted to answer that question.”

Cenziper and Fitzgibbon talk about their quest to find out who had set up secret trusts in South Dakota in the above excerpt from “Pandora Papers,” a documentary from FRONTLINE and ICIJ premiering Tuesday, Nov. 9, that chronicles some of what journalists from 150 media organizations across the world found as they pursued stories linked to the most expansive leak of tax haven documents in history.

Click here to stream the new FROTNLINE when it airs, tonight at 9CT/8MT