Sentences with phrase «using shell companies»

It is a troll looking for money using shell companies and scare tactics to get people to settle.

Many of the cases studied involved using shell companies to «facilitate layering of funds and legitimize unexplained source of income by masking them as profits from business operations.»

Amazon normally submits FCC applications using shell companies and keeps their cards close to the vest.

He may have committed fraud and money laundering by using shell companies to buy property, including a Trump Tower apartment.

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.

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.

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.

The prosecutor has also accused the Portuguese international of having used shell companies outside Spain to hide income made from image rights.

He also used a shell company, Micro Targeting, ran by his relative, Jelemi Mills, to steal more than $ 11,000 in matching city campaign funds, according to state Attorney General Eric Schneiderman's office.

Arms traffickers, drug dealers, and corrupt politicians all use shell companies to carry out their illicit activity.»

Because trolls use shell companies with very few assets to sue, the bond requirement is an important one that would require patent trolls to put their money where their mouth is.

Using a shell company called «Beijing Pinecone Electronics,» the company shelled out $ 15 million to acquire such a mobile processor technology from Datang subsidiary Leadcore Technology Ltd..

That April, Triadou used a shell company to purchase a foreclosed shopping center outside Cincinnati for $ 30 million, court documents show.

They use shell companies — which don't have to disclose their owners — in order to keep their identities hidden, frustrating law enforcement agents and sometimes stopping investigations dead in their tracks.

Not exact matches

The indictment says Manafort illegally used several shell companies to funnel money into offshore accounts so it wouldn't be taxed as income.

«Secrecy World» author Jake Bernstein explains how the super-wealthy hide billions using tax havens and shell companies.

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.

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.

But some owners use nominees or shell companies, which can have legitimate purposes but also can mask international crime, governments and international bodies like the World Bank say.

«One of the methods that was used was fake individuals and shell companies had taken mortgages on some of these properties, and for all of them they had produced fake insurance and title insurance,» he said.

First reported on by the CBC, the letter contained a string of major — and unsubstantiated — allegations, including that the company had been used to funnel money through shell companies to the Gadhafi family.

«After we acquire enough companies and build up three years of audited financial statements from them,» Busch explains, «the public shell will sell stock, and we'll use the proceeds to pay off the original owners.»

Unlike the 1980s vintage, these shells are created by experienced management teams that hope to acquire a private company and take it public using a process called a reverse merger.

«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.

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.

Ms. Clifford, identified as «Peggy Peterson,» and Mr. Cohen, representing the shell company he used to facilitate the payment, both signed the document.

In 2010, a Senate committee investigating corrupt money moving into the country drew attention to a shell company used by the sister of the president of Gabon to buy a $ 2 million residence in Manhattan, and to an L.L.C. used by the son of the president of Equatorial Guinea to purchase a $ 30 million home in Malibu, Calif..

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.

The Prime Minister said London's property market must not be providing «a safe haven for corrupt money» used by «anonymous shell companies.»

Chipotle suppliers planted non-GMO corn varieties to meet Chipotle's needs for corn tortillas, and the company replaced soybean oil with sunflower oil to cook its chips and taco shells, and with rice bran oil for other recipes and uses.

EA Sports and the Collegiate Licensing Company are shelling out cash to players whose likenesses were used in the NCAA Football video game franchise.

Colgate takes your baby's safety incredibly seriously and they are the first mattress company to use natural coir fiber made from coconuts shell husks.

The key issue mentioned within transparency was the use of shell companies by MNCs to manipulate expenses and profits to avoid tax.

According to Schneiderman, Wills used public matching funds from his 2009 campaign for City Council to pay $ 11,500 to Micro Targeting, a shell company created to translate and distribute campaign literature.

Wills was elected in 2010, and used public matching funds from his 2009 City Council campaign to pay more than $ 11,000 to a shell company that was supposed to translate and distribute campaign literature, the state attorney general said.

Instead, the developer and his associates gave with astonishing frequency using dozens of shell companies, exploiting a loophole in campaign finance laws that allowed them to give exponentially more to candidates than they would otherwise be permitted as individuals.

It's good news that Nigeria, South Africa, France, Afghanistan and the Netherlands have used the summit to take action to publicly reveal the owners of secretive shell companies.

It documented how one business had used 25 shell companies to dodge individual - contribution limits and make 147 separate donations totaling $ 3.1 million.

The former campaign chairman, Paul Manafort, surrendered to the FBI and pleaded not guilty to charges that he laundered millions of dollars through overseas shell companies — using the money to buy luxury cars, real estate, antique rugs and expensive clothes.

Percoco and Aiello were found guilty of using a «shell company» set up by disgraced lobbyist Todd Howe to funnel payments from Cor to Percoco in exchange for Percoco's influence in state government.

Then, in June, Gabelli and his many companies shelled out a reported $ 130 million or more to settle another lingering lawsuit, this one filed by the FCC, which claimed he deceived the government by using sham companies to win lucrative cell - phone licenses earmarked small and minority - owned businesses.

He said he'd been paid for the work through Howe's firm Potomac Strategies, which prosecutors have described as a «shell company» used to pass bribes.

Joseph Percoco - Cuomo's campaign manager and closest staff aide, Percoco was paid by Cor Development via a shell company set up by Todd Howe to use his position to get several favors, including a raise for Steven Aiello's son who was working in the Governor's office and removing a project labor agreement from an Inner Harbor parking lot project.

Energy - management companies can help schools install more energy - efficient mechanical systems and building shells, and train staff to use energy more wisely.

I wonder how many of the people who got that same shampoo sample sat down and wrote anything to the company, despite the money the shampoo company shelled out just to get that little, single use packet into so many hands.

A fair number of companies that use their own shell, usually have their own app market place, or company portal of recommended apps.

Ben from Axon Logic says that the shell was commissioned by them for the Haptic but the company they hired has decided to use it on their own.

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

Remember, credit card companies make money by collecting interest on unpaid balances, so if you max out your card's limit and spend months paying it off, you'll end up shelling out more money than necessary for whatever you used your card to buy.

The two companies do not need to have similar businesses, for example a new tech company could use the shell of a dormant mining company to gain listed status.