The Guardian has done its own rundown on the Paradise Papers, a trove of leaked documents that provide information about the use of off-shore investments by billionaires such as Warren Stephens of Little Rock.
The article mostly summarizes the New York Times report outlined here yesterday. (Stephens later issued a statement saying he was a passive investor in a company in the lending business.)
The Guardian focuses on the political activities of seven “super donors” and notes some of them supported Donald Trump and others, including Stephens, did not. The Guardian examines, too, where political principles might clash with offshore investments. The article notes Stephens was an investor in a company targeted by the Consumer Financial Protection Bureau for predatory lending practices and that he has been a critic of the agency. But his statement said that occurred after the investment vehicle in which he participated was out of the lending business.
The Guardian added this tidbit about Stephens’ political activities:
According to Federal Election Commission records, Stephens has contributed at least $19.7 million to campaign committees and national election candidates, including Mitt Romney, Marco Rubio and Chris Christie. He opposed Trump’s 2016 campaign.
In an email, a spokesman said Stephens declined to comment.