When the Panama Papers first leaked, one of the topics of discussion (albeit for a short time) was the fact that both Erik Voorhees and Charlie Shrem were both listed on the website, ‘Offshore Leaks’ as attached to the same entity, called ‘Quainton Associates Corporation’(see below):
Notably, the third attached entity to this corporation is an individual named ‘Herbert Young’.
Who is Herbert Young?
At face value, this individual appears to simply be the attorney responsible for establishing Quainton Associates Corporation, but further inspection shows that his role and activities in Panama are much more sinister.
Interestingly, much of Herbert Young’s activity would have went unknown had it not been for the efforts of a Dutch journalist by the name of ‘Okke Ornstein’, whom had reported on the vast corruption taking place in Panama several years ago.
Okke Ornstein is notable because the corruption and fraud that he had reported eventually landed him in prison in Panama.
Ornstein’s imprisonment led to an outcry among the international journalist community, demanding his freedom
It is this individual, widely known internationally as one of the few whistleblowers in the entire country of Panama, that outed Herbert Young as being in close connection with a serial financial criminal named Monte Freisner.
All of the above takes us to this article on Ornstein’s site ‘bananamarepublic’, linked below:
The reports about Herbert Young in the article were less than stellar.
For example, it was found that:
Specifically, the post above connects Herbert Young to the infamous fraud, ‘Pronto Cash’, which was a company erected by infamous financial scammer, Monte Freisner.
Interestingly, if one expands the node representing Charlie Shrem, they will see that both Charlie Shrem and Erik Voorhees are connected to Herbert Young Rodriguez (full name of the attorney) through another entity called ‘Glenwyne Industries Limited’:
The constructive purpose of these entities is unknown and it doesn’t appear that either individual has mentioned these entities publicly.
Why are Erik Voorhees and Charlie Shrem Attached to Such a Nefarious Individual?
Given the background of both individuals, it seems reasonable to question why each are attached to Herbert Young or listed in the Panama Papers / Offshore Leaks in the first place.
Notably, Charlie Shrem and Erik Voorhees are publicly associated with each other via BitInstant.
BitInstant is worth noting because it is what ultimately landed Charlie Shrem in prison for two years for his role in facilitating money laundering with the infamous dark web marketplace, Silk Road:
Former Ceo Of Bitcoin Exchange Company Sentenced In Manhattan Federal Court To Two Years In Prison For Helping To Sell Nearly $1 Million In Bitcoins For Drug Buys On Silk Road
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that CHARLIE SHREM, the former Chief Executive Officer and Compliance Officer of BitInstant, a Bitcoin exchange company, and the former Vice Chairman of the Bitcoin Foundation, was sentenced today to two years in prison for his role in knowingly transmitting nearly $1 million in Bitcoins intended to facilitate drug trafficking on “Silk Road,” a black-market website designed to enable users to buy and sell illegal drugs anonymously and beyond the reach of law enforcement.
Erik Voorhees, on the other hand, while not being imprisoned for his role at BitInstant, was notably fined by the SEC for a breach of securities violation for an ‘unregistered securities offering’ related to his SatoshiDice, his gambling platform:
FOR IMMEDIATE RELEASE 2014-111 The Securities and Exchange Commission today charged the co-owner of two Bitcoin-related websites for publicly offering shares in the two ventures without registering them. An SEC investigation found that Erik T. Voorhees published prospectuses on the Internet and actively solicited investors to buy shares in SatoshiDICE and FeedZeBirds.
Notably Herbert Young specializes in assisting with gambling efforts:
In fact, it appears that Herbert Young Rodriguez himself is a member of the ‘International Masters of Gaming Law’:
Curiously, Stuart Hoegner, Bitfinex’s legal counsel, is a member of the same organization:
Notably, his biography on the website places him in Toronto, Canada, one of the few places where Bitfinex has not been publicly known to operate.
The purpose of this article is not to make any accusations or assumptions, but to merely ensure that information that is already public has been enumerated in such a way where the histories and backgrounds of certain individuals can be shelled out in greater depth for others that are performing their own independent research.