4 ms·
The main issue is certain US states, such as Delaware, allow you to set up anonymous shell companies. Anonymous shell companies are a bit like BitTorrent. Sure,
by stewx 5y ago
The main issue is certain US states, such as Delaware, allow you to set up anonymous shell companies. Anonymous shell companies are a bit like BitTorrent. Sure, there are legal uses, but there are a lot more illegal ones.
Planet Money did an episode in which they registered just such a company in Delaware: https://www.npr.org/sections/money/2016/03/16/470722656/episode-390-we-set-up-an-offshore-company-in-a-tax-haven https://www.npr.org/sections/money/2016/03/16/470722656/epis...
- ksdale 5y agoHow much money did they manage to launder with their shell company?
- cascom 5y agoHonestly this is not the main issue at all. This is a bad analogy (so bear with me), Let's say you want to operate an anonymous private mail server, having an anonymous shell corp is like registering your domain name anonymously. Sure an important piece of the puzzle but nothing close to achieving the whole objective. You then need acquire all the other pieces of the puzzle anonymously as well (which is incredibly hard - especially without committing innumerable crimes along the way). Seperately, I listened to the podcast, those two are financially literate.
- ironSkillet 5y agoI have a friend in DE who works for a company whose main reason for existence is setting up shell companies to hide luxury assets for rich Europeans and Russians (planes, yachts, etc)