2 ms·
In the US, sometimes the court may “pierce the corporate veil” when actions are particularly egregious or unlawful and hold the shareholders or directors person
by bumby 2y ago
In the US, sometimes the court may “pierce the corporate veil” when actions are particularly egregious or unlawful and hold the shareholders or directors personally liable.
Rather than go into all the specifics of law (since I'm not
a lawyer), I'll cite some examples where corporate executives were charged personally:
(Tax evasion):
-https://www.justice.gov/opa/pr/ceo-multibillion-dollar-software-company-indicted-decades-long-tax-evasion-and-wire-fraud https://www.justice.gov/opa/pr/ceo-multibillion-dollar-softw...
(Securities fraud):
- https://www.justice.gov/opa/pr/ceo-medical-device-company-charged-covid-19-related-securities-fraud-scheme https://www.justice.gov/opa/pr/ceo-medical-device-company-ch...
(Identity theft and fraud):
- https://www.justice.gov/opa/pr/ceo-medical-device-company-charged-covid-19-related-securities-fraud-scheme https://www.justice.gov/opa/pr/ceo-medical-device-company-ch...
(RICO - Providing encryption to avoid law enforcement):
- https://www.justice.gov/usao-sdca/pr/sky-global-executive-and-associate-indicted-providing-encrypted-communication-devices https://www.justice.gov/usao-sdca/pr/sky-global-executive-an...
- Joel_Mckay 2y ago[flagged]