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Offshore Leaks Database

Data from
Paradise Papers - The Power Players
Retired general, candidate for U.S. Democratic Party presidential nomination (2004)

Wesley K. Clark

About

A Vietnam veteran, Wesley K. Clark rose in the U.S. Army to become a four-star general and NATO’s Supreme Allied Commander Europe, overseeing the alliance’s intervention in Kosovo in 1999. He ran unsuccessfully for the Democratic Party’s nomination for president in 2004. In 2010 Clark, described by Forbes magazine as a “proponent of gambling-generated tax revenue,” joined the board of directors of Amaya Inc., an online gambling and penny stock company later plagued by scandal. Montreal-based Amaya is the parent of PokerStars, a poker gaming site, and was renamed Stars Group Inc. in August 2017, months after Clark resigned.

In the data

Leaked records reveal that in 2014, Amaya’s directors retained the services of Appleby’s office in the Isle of Man – the registered agent for nearly 40 of the company’s subsidiaries – to incorporate a new subsidiary on the island, called Amaya Intellectual Holdings Ltd. Its purpose was to hold the intellectual property of the entire Amaya Group.

A year later, in May 2015, Appleby’s New Business Committee noted that Clark was an independent director of Amaya Inc., the sole shareholder of the Isle of Man company in which he had no controlling interest, according to the files. When the committee recommended obtaining additional documentation on Clark, who was identified as a politically exposed person (PEP), the company complied “in order to proceed to assign the UK Amaya trademark to the new company so we can develop our portfolio,” PokerStars’s internal counsel wrote in an email. The beneficial owner of the Isle of Man subsidiary was to be Amaya’s CEO, David Baazov.

Baazov resigned as CEO of the group months later, in August 2016, after the Quebec securities regulator charged him and other executives with insider trading, alleging that he had attempted to influence the price of Amaya’s securities during the acquisition of PokerStars in 2014. Clark, who was identified in a New Jersey government report as a member of Amaya’s corporate governance committee overseeing confidentiality and trading policy as of December 2014, has not been accused of wrongdoing. Baazov has pleaded not guilty to the charges, and his trial is scheduled to start in November, according to Canadian media reports.

Response

Clark did not respond to a request for comment from ICIJ.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks. Record manually added from leaked documents.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.