Sentences with phrase «shell corporations»
"Shell corporations" refer to companies that exist only on paper and are established for various reasons, such as hiding the true ownership or financial activities of individuals or other businesses. They are often created to carry out transactions or hold assets without revealing the actual individuals or companies behind them. Full definition
We stand for a government that works for real people, not shell corporations and special interests.
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If someone spends money in order to influence an election, their ability to mask that expenditure behind shell corporations and wink - wink reimbursement arrangements does not necessarily alter its purpose.
The alleged bribe payment moved through shell corporations in the Seychelles, the United Kingdom, and the British Virgin Islands, then to bank accounts in Cyprus, Latvia, and Switzerland.
The alleged bribe payment moved through shell corporations in the Seychelles, the United Kingdom, and the British Vir - gin Islands, then to bank accounts in Cyprus, Latvia, and Switzerland.
Also at 11 a.m., Rep. Carolyn Maloney and Manhattan District Attorney Cyrus Vance call on Congress to stop anonymous shell corporations from laundering money on behalf of criminal and terrorist organizations, City Hall steps, Manhattan.
Long Island Republican Rep. Peter King said he has signed on with the Obama administration's campaign to crack down on criminal and terrorist use of shell corporations and met today to discuss it with other lawmakers and national security officials in the White House Situation Room.
BALLSTON SPA, NY (03/26/2013)(readMedia)-- CSEA — New York's leading union — has filed a lawsuit against Saratoga County, challenging the transfer of the county's public nursing home, Maplewood Manor, to a local development corporation — a non-regulated shell corporation that has little oversight and no accountability to taxpayers.
Reduce the outrageously high donation limits that allow contributions of $ 65,000 to a candidate for statewide office — and enable people who control shell corporations to give without caps.
Lowering the corporate tax rate is the government's attempt to try and convince companies to keep more of their revenues onshore and not setup shell corporations overseas to shelter their income.
This is what I suspect: Promoters have several shell corporations for promotion and trading.
And then there's the matter of the Sea Change Foundation, which was exposed in a 2014 report by the U.S. Senate Environment and Public Works Committee for its major funding from Klein Ltd, a Bermuda - based shell corporation closely connected with Putin confidante Leonid Reiman, Russia's state - owned oil giant Rosneft, and Russian energy investment groups including Firebird New Russia Fund and Vimpelcom Ltd..
Along the way, it turned out that Prenda was creating shell corporations, engaging in identity theft, and, in an especially nice touch, actually being the people sharing the porn in the first place.
The Waltons then moved the invested funds through various shell corporations to further their personal interests.
With Trevor Potter by his side, Colbert then discovered that he could easily and lawfully circumvent rule number two — the FEC's requirement that Super PACs disclose their donors — first, by starting a nonprofit under Section 501 (c)(4) of the tax code, and second, by creating an anonymous shell corporation.
SYRACUSE, NY (02/13/2013)(readMedia)-- CSEA — New York's leading union — has filed a lawsuit against Onondaga County, challenging the transfer of the county's public nursing home, the Van Duyn Home & Hospital, to a local development corporation — a non-regulated shell corporation that has little oversight and no accountability to taxpayers.
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.
Asked if a Russian could set up a shell corporation in Delaware without Facebook knowing the person is not actually in Delaware, Zuckerberg responded, «That's correct.»
Gateway, Inc. («Desert Gateway»), a publicly - traded Delaware shell corporation (the «Reverse Merger»).
Right now, for example, corporations can put money in a Canada - based investment corporation, then legally create a subsidiary corporation in a tax haven, like the Cayman Islands, and transfer money into this shell corporation.
To guard against this, the company has attempted to use subsidiaries and shell corporations to wall off the Trans Mountain project, and its Canadian subsidiary as a whole, from the rest of the company's assets.
An even simpler way for donors to keep their identities secret is through the creation of a shell corporation — an untraceable structure that can funnel donations to Super PACs while keeping the ultimate source of the money hidden.
«Since the transfer of the money from the Mayor to the Independence Party was the larceny, the evidence also proved defendants» guilt of money laundering, based on the transfer of the proceeds of the larceny from the Independence Party to the shell corporation.»
«The legislation would prevent campaign contributors from evading the legal contribution limits by setting up shell corporations and instead establish a more level playing field to promote greater fairness and consistency in the Election Law.»
Stein — the son of wealthy publisher Jerry Finkelstein, who owns The Hill — went down in the investigation of a money manager to the stars, Kenneth Starr (not that one), who was accused of running a Ponzi scheme and helping Stein dodge taxes through a shell corporation.
According to the indictment, Ambrosino pocketed the money through a shell corporation, then underreported the siphoned - off amount.
While Casey refuses to admit defeat and continues to believe he is gifted and pursues various scams (like getting more credit via a shell corporation), Debt Kid has a much firmer grasp on reality and is actually in a debt management plan and is paying down his debts.
Set up by billionaires Nat Simons and his wife, Sea Change has been exposed by multiple investigators as a shell corporation that funnels huge sums to radical anti-fracking and anti-fossil fuel activists from Vladimir Putin pals, giant Russian oil companies and investment groups, and more reputable sources like the Gates and Walmart Foundations.
But this was reportedly a shell corporation, with no income and no expenditures.
The inverse of this development is that parties who are wronged by a corporation, particularly if it is a shell corporation with no assets, may now have recourse against the controlling shareholders.
«To your question about seeing essentially behind the platform, to understand if there are shell corporations, of course the answer is no,» he said.
Reason Three — You're Afraid Your Spouse Is Hiding Assets — There are plenty of times I've seen hidden bank accounts, shell corporations and even an out of wedlock child pop up in a divorce case.
Trolls take their toll on the economy by exploiting the patent system, hiding behind vague demand letters and shell corporations, while extorting payments from unsuspecting businesses.