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Panama Papers: Ex-Falcon Gotshalk bought offshore firm
May 12, 2016 — Former Atlanta Falcon Leonard Gotshalk is one of the Americans who’s been found to have bought an offshore company, the Center for Public Integrity reports.
Gotshalk, a back-up defensive tackle for five NFL seasons in the 1970s, bought a British Virgin Islands firm in 2010, according to leaked documents posted online by the International Consortium of Investigative Journalists.
A wire transfer paying for the transaction came just three days after federal prosecutors in Philadelphia unsealed an indictment charging Gotshalk with financial crimes, the center reports.
The documents are among 11 million contained in the so-called Panama Papers leaked from the Panama-based law firm Mossack Fonseca, which helps clients buy offshore companies.
Owning an offshore company is not illegal in and of itself, but the use of such firms to hide assets from taxation or seizure can be.
Gotshalk, now an Oregon resident, had been set for trial in 2012 when he filed notice that he intended to change his original not-guilty plea. Details of his plea agreement have not been made public. Sentencing hearings have been rescheduled eight times, with the latest set for May 19.