The Panama Papers data leak rocked the financial world by lifting the veil on the secret financial dealings of world leaders, relatives of world leaders, celebrities and other wealthy citizens. Some, like the ‘UK’s Dirty Dozen’ have been properly exposed, while others have been deposed, such as Iceland’s Prime Minister Sigmundur David Gunnlaugsson. Noteworthy Americans, however, are absent from the Panama Papers’ findings.

The International Consortium of Investigative Journalists (ICIJ), which broke the leak, and other media outlets have failed to identify recognizable Americans listed in the Panama Papers thus far, according to Fusion. The ICIJ has only identified 211 people with American mailing addresses who own companies listed in the data set. It is not known yet if those 211 people listed are U.S. citizens. And the data that produced the 211 names originated from a small subset of the 11.5 million files identified in the leak, so there is much more work to be done.

“It’s a complete underestimate,” says Mar Cabra, head of the data and research unit at the ICIJ.

The media has called out the fact that high profile Americans are missing from the results, but its articles have offered such a wide variety of explanations for the omission that it is difficult to draw a solid conclusion. Some sources attribute the void to the law firm in the middle of the scandal, Mossack Fonseca, avoiding American clients purposely in order to escape unwanted attention from authorities. Others feature a conspiratorial tone, such as the Fortune article focusing on a UBS banker that puts the blame at the feet of the CIA, while others blame the U.S. government for simply dragging its feet.

Where are the Americans?!

The Americans who have been named thus far? According to a story dated May 10 in USA Today, 36 Americans have been identified, but then the article failed to list all of them, instead focusing on the following six:

· Leonard Gotshalk: Former Atlanta Falcons football player

· Martin Frankel: Connecticut-based financier

· Robert Miracle: Seattle based Ponzi scheme organizer

· Harvey Milam: Mississippi-based businessman

· Mary Patten: Florida-based businesswoman

· Rebel Holiday: Virginia-based financial consultant

Ever heard of any of these people? Didn’t think so. From the UK alone we heard recognizable names like David Cameron, Margaret Thatcher, Simon Cowell and more. The list above doesn’t even begin to mirror what is being discovered in other parts of the world. Perhaps that is because of the reasons mentioned above, but maybe it is also because it is just as easy to set up a shell company in Nevada or Delaware as it is in the British Virgin Islands.

“One of the forms of companies that’s even more secret than, say, a British Virgin Islands company is a company incorporated in almost any U.S. state. If you form a British Virgin Islands company you have to declare who you are to the person forming the company for you; if you form in Nevada, for example, you don’t… So Nevada is great because it’s much more secret than the British Virgin Islands.” Credit: Jason Sharman, co-author of Global Shell Games: Experiments in Transnational Relations, Crime, and Terrorism

Two names come up frequently when discussing the Panama Papers with friends: Donald Trump and Hilary Clinton. According to McClatchey, one of the lead media outlets in the U.S. for distilling the Panama Papers data, Trump does not appear to own any offshore companies, though his name is mentioned in the Panama Papers 3,540 times and the names of some of his associates and business partners are mentioned multiple times.

Nor does Hilary Clinton’s name appear in the Panama Papers data. In fact, Clinton has been very vocal about the Panama Papers. According to McClatchey, Clinton recently condemned what she called, “outrageous tax havens and loopholes that super-rich people across the world are exploiting” shortly after the release of the data.

“Now, some of this behavior is clearly against the law, and everyone who violates the law anywhere should be held accountable,” she [continued]. “But it’s also scandalous how much is actually legal.”

Agreed! If Clinton becomes our next President, one of her first orders of business should entail creating a committee to crunch the shell company data from Delaware, Wyoming and Nevada. In the meantime, don’t expect to see any high-profile Americans mentioned in the Panama Papers anytime soon. That is, unless Preet Bharara, the acting U.S. Attorney for the Southern District of New York has his way.

Bharara recently sent the ICIJ a request for access to the data, only to be denied for reasons of journalistic freedom. He was not satisfied with that result, however, and is going to continue pushing the organization for access. In response to the ICIJ he “made it clear that he still wants to examine the data for a criminal investigation into ‘matters to which the Panama Papers are relevant.’”

It seems that the only glimmer of hope we have of a ‘big reveal’ of noteworthy Americans listed in the Panama Papers rests in the hands of Bharara, who may or may not go public with his findings. I, for one, hope that he does.