" Gillmor sez, "Looks like corporations (i.e. the people who control them) have more rights to privacy in America than regular citizens.
This terrific investigative piece by Reuters (co-reported by one of my colleagues at Arizona State University) exposes yet another dirty secret of corporate America's power over federal and state governments. They don't need to go to the Caymans and other such havens to create nearly impenetrable secrecy. They can do it right here at home by using pathetically weak state laws -- plainly weak by design -- to hide sometimes sleazy doings.
It's yet another example of the way the deck has been stacked by corporate America in its own favor."
A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains. It is the headquarters for Wyoming Corporate Services, a business-incorporation specialist that establishes firms which can be used as "shell" companies, paper entities able to hide assets.
Special Report: A little house of secrets on the Great Plains
Wyoming Corporate Services will help clients create a company, and more: set up a bank account for it; add a lawyer as a corporate director to invoke attorney-client privilege; even appoint stand-in directors and officers as high as CEO. Among its offerings is a variety of shell known as a "shelf" company, which comes with years of regulatory filings behind it, lending a greater feeling of solidity.
"A corporation is a legal person created by state statute that can be used as a fall guy, a servant, a good friend or a decoy," the company's website boasts. "A person you control... yet cannot be held accountable for its actions. Imagine the possibilities!"
Among the entities registered at 2710 Thomes, Reuters found, is a shelf company sheltering real-estate assets controlled by a jailed former prime minister of Ukraine, according to allegations made by a political rival in a federal court in California.
NSO is an Israel cyberarms dealer, which buys or researches vulnerabilities in software and then weaponizes them; claiming that these cyberweapons will only be used by democratic governments and their police forces to attacks serious criminals and terrorists — a claim repeated by its competitors, such as Italy’s Hacking Team and Gamma Group.
Everybody knows about the ridiculous McDonald’s hot coffee lawsuit where a lady who spilled coffee on her lap got millions out of McDonald’s in damages for a frivolous lawsuit — and everyone is wrong. As we’ve previously reported, Stella Liebeck sued McDonald’s after sustaining permanently disfiguring third-degree burns to her genitals and thighs because McDonald’s […]
Apple — which is one of the multinational poster children for tax dodging, along with Google, Amazon, Ikea and others — has billions of dollars “offshore” and in theory they can’t bring that money into the USA without paying tax on it; but thanks to some fancy accounting, much of that money is sunk into […]
DJI is the world’s leading designer and producer of easy-to-fly drones and aerial photography systems. If you’re a drone enthusiast, you want a DJI. If you know absolutely nothing about drones and think they’re weird, if you win a DJI you’re going to become a drone enthusiast.Enter this giveaway (for free, yes) and you’ll get a […]
Although there will never be a consensus about the best way to make coffee, any coffee connoisseur will agree that controlling the grind of your beans and balancing water temperature are the keys to a tasty cup. Since your plastic coffee pot doesn’t really allow for that kind of customization, going back to the French […]