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BenGPT summery: "Hyper rich individuals and/or foreign investment funds buy reasonably profitable 'sin' business and do so by forming a special purpose vehicle
by dotBen 3y ago
BenGPT summery: "Hyper rich individuals and/or foreign investment funds buy reasonably profitable 'sin' business and do so by forming a special purpose vehicle just for this transaction which hides their identity. Said owners elect not to register the business as an investment fund, which author notes is optional in Canada anyway. Occom's razor conclusion would be they do all of this because they don't want to be identified."
Ethical discussions about the operation of a pornographic website aside, I'm not clear what the issue or surprise here is?