Sentences with phrase «shell companies in»

While he held his assets in shell companies in Cyprus and other offshore havens, he said he wasn't fleecing the bank — he was trying to keep them out of the hands of Nursultan Nazarbayev, Kazakhstan's president since 1991.

The use of shell companies in all - cash real estate purchases is an attractive tactic for criminals seeking to conceal their identities, and launder large sums of money — ALL while escaping scrutiny of the traditional anti-money laundering protections in place in financed real estate transactions.

These are shell companies in disguise that are used to acquire patents.

Currently, corrupt foreign politicians — as well as tax evaders, fraudsters and terrorists — can legally mask their identities and their assets behind anonymous U.S. shell companies in order to open secret bank accounts to stash their ill - gotten gains.

There are currently over 1,400 reporting shell companies in existence.

I don't have to worry about whether my publisher will follow through on commitments, keep the work in print, contract with shell companies in order to reduce my royalties to pennies, or sell the right to publish my work to another company as part of a bankruptcy deal.

The 11.5 million documents indicated that these high net worth individuals had been establishing shell companies in Panama to avoid taxation.

While the troll suing Pied Piper was located in California, it would have been more realistic to have received the demand letter from a shell company in Eastern Texas.

You would not buy a shell company in a different industry and let costs get out of control.

But the business was not actually done in Europe — they just open a shell company in the EU.

In that situation, French investors doled out money to a shell company in order to buy land in Mississippi that was believed to have gold and silver reserves.

Not exact matches

That explains why Restaurant Brands International (RBI), the Oakville, Ont. - based parent company of Tim Hortons and Burger King, will shell out US$ 1.8 billion in cash to acquire Popeyes Louisiana Kitchen, an American fried chicken chain.

Manafort used the shell company «MC Soho Holdings, LLC» to purchase the Howard Street condo, in Manhattan's trendy SoHo neighborhood, for $ 2.85 million in 2012, the indictment says.

That's because patent trolls, unlike productive companies, are just shells without real assets or business operations, meaning they're not vulnerable to counterclaims in a patent case.

In the beginning, that's a great business model, right, because all you're doing is you create this anonymous shell company, you give it a name, you don't care who actually is behind it and you stick it in a folder and you forget about it until a year passes and it's time to invoice for the renewaIn the beginning, that's a great business model, right, because all you're doing is you create this anonymous shell company, you give it a name, you don't care who actually is behind it and you stick it in a folder and you forget about it until a year passes and it's time to invoice for the renewain a folder and you forget about it until a year passes and it's time to invoice for the renewal.

Foreigners are coming in and buying up property with anonymous shell companies and some of that is perfectly legitimate but some of it is clearly money laundering and corrupt officials and other people using their cash to park it in property and making it impossible for the people who live there to afford it.

But he has a «pattern» of using shell companies to purchase homes «in all - cash deals,» as WNYC has reported, and then transferring those properties into his name for no money and taking out large mortgages against them.

Hundreds of thousands of offshore entities and shell companies connected to over 200 countries and territories appear in the papers.

The scion of the famed Lundin Group, which controls almost $ 12 billion in mining company assets, placed Lamb in charge of Lucara, a non-producing shell company.

It was opened partly in response to a n examination by The New York Times of condominiums at the Time Warner Center in Manhattan whose ownership is hidden behind shell companies, according to the people with knowledge of the case.

So an inspector came out to the phony, empty office, but instead of turning the group down for having no security in place, or arousing suspicion about the obvious potential that the business was a shell company, he issued a license on the spot for a small amount of radioactive material.

Meanwhile, Nike leads the list of companies reporting quarterly earnings in a week where Americans will be shelling out to stock up on candy for the Easter holiday.

A condo at 23 East 22nd Street was purchased for $ 4.5 million in 2014 by a shell company called Cricklewood One Madison L.L.C. that listed Ai Swan Loo as its authorized signer, public records show.

The past couple of years has seen a spate of Chinese companies going public through reverse takeovers — a somewhat murky process in which a private firm purchases a shell company that already trades on a foreign exchange.

Through shell companies, Mr. Aziz purchased a $ 33.5 million condominium at the Park Laurel on 63rd Street in Manhattan, a home in Beverly Hills known as the pyramid house for a gold pyramid in its garden, as well as other properties in the Los Angeles area.

However, the entities incorporated by CASPERSEN (the «Fake Funds») were merely shell companies created by CASPERSEN solely for the purpose of perpetrating his fraud scheme, and were in no way affiliated with or authorized by the Legitimate Funds.

So when Daren Metropoulos bought the 12 - bedroom house in 2016, it was the private equity firm Rizvi — through a shell company called «Mansion Holdings» — on the other side of the $ 100 million deal, according to the public records.

One of the companies listed among the shell corporations in the Panamanian records apparently supplied fuel for the aircraft that the Syrian government used to bomb and kill thousands of its own citizens, the ICIJ says.

Of 300 offshore shell companies identified by Reuters, 22 would typically have been required to have published the beneficial ownership information by now because their reporting dates fell in the weeks since July 1, when the rules came into force.

The leak led to a series of high - profile scandals, including the resignation of the Prime Minister of Iceland after it was alleged he had hidden millions of dollars - worth of investments in an offshore shell company.

While many people still think Google is great name to add to a portfolio, the average stock picker will still have to shell out $ 1,200 for a single share in the company.

Like its Blanchard video, the company's Tom Peters video wraps business lessons in an entertaining shell, in this case a skit about running a lemonade stand.

In 2005, the SEC adopted new rules designed to prevent pump - and - dump schemes by requiring shells to release financial records of acquired companies immediately after a merger.

Busch and his partner, Jim Greenfield, recommend what's known as a reverse merger, in which a smaller company winds up being part of a larger public shell that will eventually carry out a public stock offering.

Now shells are making a comeback in the form of specified purpose acquisition companies, or SPACs.

In his view, it makes sense for the company to shell out for Minecraft, a game that is popular with a diverse range of age groups and enjoys widespread «parental approval.»

Back then, shells — that is, companies with ticker symbols but no operations — became synonymous with so - called pump - and - dump schemes in which stockbrokers artificially inflated share prices after a shell merged with a private company, without making financial statements on the acquisition available to investors.

However, both ride - hailing companies would have to shell out quite a bit more in benefits and pay for their new employees, and these drivers would gain additional legal protections.

Despite the new image, shells still draw criticism from some financial advisers who argue that the deals are overly generous to investment banks and SPAC management teams, which typically walk away with a 10 percent stake in the newly merged company, along with bonuses and board seats.

Then one of Cline's board members — a venture capitalist who also ran a SPAC — told him about CEA Acquisition, a public shell company based in Tampa that was trading on the OTC Bulletin Board.

The politician, Maltese prime minister Joseph Muscat, was implicated in a scandal as a result of those leaked documents, which referred to shell companies set up by him and two other senior politicians in his administration.

Yet considering the soaring value of Whole Foods's stock in the not too distant past, the online retailer could have easily had to shell out a lot more to own the grocery company.

This is a process in which companies enter an American exchange not by an initial public offering but by acquiring a shell company that is already publicly traded on the exchange.

This is the Senate report on how Apple used shell companies to save $ 44 billion in taxes, and this is a chart of the company's international tax structure.

«Criminals use U.S. shell companies to commit financial fraud, drug trafficking, even terrorist financing, in part because our states don't require anyone to name the owners of the companies they form,» Levin said in an email to Reuters.

While the company shelled out roughly $ 20 billion for Anacor and Medivation in 2016, we would not be surprised if management executed another large - scale deal this year should some of the aforementioned portfolio pressures persist.

Mr. Cohen told The New York Times this year that he paid Ms. Clifford out of his own pocket, after The Wall Street Journal reported that she was paid through the shell company he created in Delaware.

The condo, then worth $ 1.65 million, was paid for under cover of a Panamanian shell company, according to a 1986 lawsuit filed in the U.S. by the Haitian government.)

When Mr. Cohen brought a temporary restraining order seeking to silence Ms. Clifford in late February, he did so on behalf of a shell company he used to pay her through, not on behalf of Mr. Trump.

One, in the name of the shell company, Essential Consultants, sought to move the suit to federal court from Los Angeles Superior Court, where Ms. Clifford filed the suit.