shell companies – News Stories About shell companies - Page 1

Moody's: One Shell Company Has a 943-Year-Old Director

Moody's Found Wild Red Flags
in Review of 472M Companies

Jan 28, 2024 8:10 AM CST

Moody's Found Wild Red Flags in Review of 472M Companies

Including a 943-year-old director

(Newser) - Being the director of a company is impressive. Being a 943-year-old director is ... a big red flag, at least in Moody's Analytics' view. On Monday it released a special report detailing what it calls the "seven indicators of shell company risk" based on the findings of its Moody'...

Pandora Papers
Look 'Really Bad'
for Jordan's King

THE RUNDOWN

Oct 4, 2021 10:15 AM CDT

Pandora Papers Look 'Really Bad' for Jordan's King

King Abdullah reportedly used front companies to buy $106M in real estate while citizens struggled

(Newser) - We're learning more about the tax avoidance schemes of the uber-rich courtesy of the Pandora Papers , published Sunday by the International Consortium of Investigative Journalists, which are putting Jordan's King Abdullah II in a particularly bad light. The longest-serving monarch in the Arab world, who's ruled Jordan...

Leak Shows How Putin's Friends Hide Billions of Dollars

Leak Shows How
Putin's Friends
Hid Billions
of Dollars

Apr 3, 2016 7:00 PM CDT

Leak Shows How Putin's Friends Hid Billions of Dollars

The 'Panama Papers' point to shady transactions

(Newser) - A massive document leak apparently shows how friends of Vladimir Putin hid about $2 billion in secret, offshore accounts—money that likely ended up benefiting Putin's family, the Guardian reports. The documents from Mossack Fonseca, an offshore law firm in Panama, show wealthy Russians moving money through Russia, Switzerland,...

Feds Rein in
Shell Games
With Ritzy
Real Estate

Jan 13, 2016 12:29 PM CST

Feds Rein in Shell Games With Ritzy Real Estate

Feds to start IDing, tracking secret buyers of high-end homes

(Newser) - Those planning on scooping up a high-end property on the sly—i.e., paying cash via a shell company—may soon have to come up with a new game plan. The Treasury Department announced Wednesday it will start making title insurance companies ID secret buyers of property going for more...

US Must Stop Anonymous Shell Companies

OPINION

Oct 9, 2012 1:30 PM CDT

US Must Stop Anonymous Shell Companies

Make states collect information: Cyrus Vance Jr

(Newser) - One nation in particular makes it easy for criminals to set up phony corporations and hide their trails, writes New York County District Attorney Cyrus Vance Jr. at Reuters . Some obscure island? Think much closer to home, as in the United States. In every state except Maine and Alaska, it'...