5 ms·
A simpler reason would be that it is cheaper to change control and name of a company than it is to set one up. Then you have a market to rent the business.
by jpollock 8y ago
A simpler reason would be that it is cheaper to change control and name of a company than it is to set one up.
Then you have a market to rent the business.
- Para2016 8y agoSort of like a reverse merger?
- pixl97 8y agoWhich sounds like a great avenue for fraud.
- pliu 8y agoI recently read Billion Dollar Whale (https://www.amazon.com/Billion-Dollar-Whale-Fooled-Hollywood/dp/031643650X https://www.amazon.com/Billion-Dollar-Whale-Fooled-Hollywood...) which I enjoyed. It seemed to me to be surprisingly easy to launder money through shell companies like the ones listed here. I would speculate also that a company with many name changes would involved in some weird stuff.
- gammateam 8y agoOr a great avenue for just skipping the bullshit when a supplier requires 5 years of some administrative nuance that a new company would never have
- jjeaff 8y agoSo... fraud?
- gammateam 8y agoskipping a supplier's arbitrary private company policy has nothing to do with intent to commit fraud. your work ethic is at your discretion and try to optimize your time.
- jjeaff 8y agoI don't know where you are learning your ethics, but misrepresenting yourself to a potential client is pretty standard, boilerplate fraud. Not criminal (usually), but it is a civil breach of contract.