4 ms·
There are lots of ways to do what the article described. For example you set up a foundation, spend only 5 % of the revenue/assets (the minimum under the law)
by lgleason 10y ago
There are lots of ways to do what the article described. For example you set up a foundation, spend only 5 % of the revenue/assets (the minimum under the law). Then you make a family member the director and allow them to live in a mansion which is an asset of the foundation. There are also loads of loopholes with foundations relating to director salaries where the money goes, "investments" etc. that are either 100% legal or are so poorly enforced that they might as well be legal.