Minimal Rock monetary titan Warren Stephens numbers prominently when you look at the ny Times reporting task in the вЂњParadise Papers. It details overseas methods that are financial avoid taxes and shield company from general general public scrutiny.
James H. Simons, a reserved mathematician and hedge investment operator from Boston now approaching 80, is a large Democratic donor. Warren A. Stephens, a 60-year-old tennis lover once called the master of minimal Rock, Ark., inherited a household investment bank and became a booster of conservative Republicans.
But Mr. Simons and Mr. Stephens are both billionaires who possess utilized the solutions of overseas finance, the trusts and shell organizations that the worldвЂ™s wealthiest people used to park their funds beyond the reach of taxation enthusiasts and out from the general public attention.