Sentences with phrase «shell company holdings»

Not exact matches

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.

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.

While Denmark and Slovenia have increased transparency around company ownership, Eurodad says that similar efforts have been curtailed in Luxembourg and Germany, which have sanctioned use of shell companies, trusts, holdings and foundations that can help obscure the source of assets and cash.

Apollo Power (formerly SolarPaint) became active on the stock exchange just over two months ago, after completing the merger of its solar energy activity (which has yet to generate revenue) into stock market shell company Or City Holdings, formerly controlled by Inbal Or.

The company ceases operations, but the value investor holds onto the shell to use as an investment vehicle.

This table lists all of Berkshire Hathaway's domestically domiciled insurance subsidiaries, all 55 - 56 of them, maybe minus a few intermediate holding companies that are just shells.

With special reference to holdings in Eastern Europe, you need to avoid high - growth, high - expectation companies that are going to get shell - shocked by political turmoil and currency devaluation.

Third, there were some asset purchases and rationalizing of assets between the portfolio companies during the past 4 months; Several oil / gas well drilling companies / assets were acquired by different affiliates within the portfolio, then the companies / assets were consolidated under Steel Excel (the shell of the old ADAPTEC), presumably upstreaming some cash from Steel Excel to the holding company for further investments.

Investments held by the president's ultra-wealthy advisers are buried in layers of shell companies, creating vast opportunities for conflicts while minimizing transparency.

The spiritual and intellectual godfather of the patent trolls is Nathan Myhrvold, a former Microsoft executive who launched Intellectual Ventures, a giant patent - holding company that has spawned at least 1,300 shell companies that act as parasitic vectors for the corporate mothership.

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.