American universities are using offshore strategies to swell their coffers, skirt taxes and obscure investments that could spark campus protests.
Records from an offshore hideaway show how an American billionaire grew one of the world’s largest trusts and another owned part of a company accused of exploiting the poor.
Wilbur Ross, the commerce secretary, responded after business ties to Vladimir V. Putin’s inner circle were reported in coverage of leaked files called the Paradise Papers.
Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner’s ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny.
Wilbur Ross, the commerce secretary, retained investments in a shipping firm with business ties to Russian President Vladimir V. Putin’s inner circle.