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Transcripts for CNN CNN Newsroom Live 20211004 07:39:00

Analyzed? yeah. i mean, it depends. so these companies that offer shell companies and so forth, they reside in jurisdictions where they are abiding by the laws of, say, the british virgin islands or cypress or other places around the world and you re right to point out that there s not anything necessarily illegal about that but it does create a lot of problems. it leads to tax evasion. these off shore systems are often exploited by criminals to hide ill gotten gains, corrupt politicians and just and as you put it at the top of the show, i mean, just the very, very wealthy in moving money and hiding money in ways that the rest of us simply can t or don t tend to do. according to the washington post, quote, off shore firms ....

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Transcripts for CNN CNN Newsroom Live 20211004 07:33:00

Newport beach. about 30 miles south of los angeles as we re looking at it. the beach is now dotted with tar in this landscape. first observed on saturday morning spanning out over 8300 acres which is a little bit larger than the size of the city of santa monica to give you a scale of how large it is. once you go in close to southern california we know there are some 23 oil rigs just off shore. some have been decommissioned, some have been there since the 1960s. about nine miles or so away from the coast from huntington beach that is where we have the rig that is titled ellie. there are about four rigs out here, nine miles off shore. they all have names starting with the letter e. show you the polygons and go for a closer perspective. the second one is elly. the red line that s indicative of the pipeline. ....

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