Prosecutors allege proceeds were laundered through shell companies in Cyprus and in the United States.
Earth Biofuels was formed out of a clutter of shell companies and a Meridian, Miss.
Less admirably, he was a frantic user of shell companies, offshore trusts and other tax-dodging paraphernalia.
Those buying expensive houses via tax-efficient shell companies, for example, will face punitive rates.
So-called shell companies, trusts and other legal entities are often used to shield assets from overseas authorities.
FSCs are shell companies in offshore tax havens through which American firms channel foreign income to avoid tax.
The evidence regarding the shell companies Lancer was invested in was pretty incriminating.
And he adds that 7 of those 41 IPOs were of so-called blank-check firms, which are merely shell companies.
Investors are increasingly wary of such listings, including reverse mergers with shell companies.
FORBES: Sino-Forest Eyes 'All Options' For Shareholders, But Doubts Persist
"We've got a range of projects underway, " a spokesman for the Shell Companies in China told Xinhua Finance News Asia.
The rule is designed, appropriately, to prevent corporations from acquiring money-losing shell companies in order to shelter profits on financial statements.
FORBES: How The U.S. Can Attract Biotech Firms By Imitating China
But its share price collapsed last year after it revealed that it had concealed huge losses by setting up shell companies.
Fake Web sites with bogus logos were created for all four of these shell companies, but they have since been taken down.
Often, shares in these shell companies don't trade on a stock exchange.
Earth Biofuels formed out of a clutter of shell companies that started with a Meridian, Miss. biodiesel refinery bought from the brother of director R.
Even the foreign venture capitalists who work with the Skolkovo Foundation do not invest directly in Russia, but funnel the cash through offshore shell companies.
ECONOMIST: Innovation in Russia: Can Russia create a new Silicon Valley? | The
Earth Biofuels was formed out of a clutter of shell companies that started with a Meridian, Miss. biodiesel refinery bought from the brother of director R.
For years he raised money from technology companies like Microsoft, Google and Sony, and financial investors, then purchased thousands of patents often through secretive shell companies.
As such, UBS does not accept business with anonymous accounts, accounts in fictitious names, or shell companies or trusts lacking transparency as to the beneficial owner.
CENTERFORSECURITYPOLICY: UBS adopts new anti-terror policies
This brain trust, acting behind its myriad shell companies, has, according to one former executive, spent tens of millions of dollars since 2003 scooping up hundreds of powerful patents.
Now the CEO and chairman of Proteus Capital, he does "reverse takeovers, " offering U.S.-based shell companies to Chinese firms seeking an expedited public listing on American exchanges.
While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal and state records show.
FORBES: Mitt Romney and Bain Capital Were Right to Utilitize So-Called Tax Havens
They said he also manipulated the unemployment-insurance tax system, using shell companies to transfer employees from one business to another in order to receive a lower rate.
One of the major problems is that foreign firms using American shell companies are not necessarily subject to the same requests for information that traditionally registered firms are.
Following a three-year investigation, the German prosecutors assert that three HP VPs approved creation of a fund which was used to route cash to Russia through a network of shell companies.
FORBES: Germany Says HP Paid Kickbacks To Get Russian Contract
Regardless of current names, flags and shell companies, these vessels can be identified by their unique seven-digit hull numbers, known as IMO numbers, which are issued for the lifetime of a ship.
In fact, to maximize its tax savings, Google shuffled its income to Ireland, then to shell companies in Bermuda and then to another shell in the Netherlands and finally back to Bermuda.
There's an endless supply of barely-known or shell companies and international connections with which Craig Whyte can keep the Rangers' plates spinning, more than a year since he lost control of the club.
To nab other unsuspecting interviews, Baron Cohen's production company had reportedly set up four "shell companies" with LA addresses and phone numbers, including Amesbury Chase, Chromium Films, Cold Stream Productions and Coral Blue Productions.
Most of its profit now comes from constructing large solar power plants and selling them to debt-financed shell companies set up solely for the purpose of locking in a fixed yield based on electricity sales to utilities.
应用推荐