shell companies

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Leak Shows How Putin's Friends Hid Billions of Dollars

The 'Panama Papers' point to shady transactions

(Newser) - A massive document leak apparently shows how friends of Vladimir Putin hid about $2 billion in secret, offshore accounts—money that likely ended up benefiting Putin's family, the Guardian reports. The documents from Mossack Fonseca, an offshore law firm in Panama, show wealthy Russians moving money through Russia, Switzerland,... More »

Feds Rein in Shell Games With Ritzy Real Estate

Feds to start IDing, tracking secret buyers of high-end homes

(Newser) - Those planning on scooping up a high-end property on the sly—i.e., paying cash via a shell company—may soon have to come up with a new game plan. The Treasury Department announced Wednesday it will start making title insurance companies ID secret buyers of property going for more... More »

US Must Stop Anonymous Shell Companies

Make states collect information: Cyrus Vance Jr

(Newser) - One nation in particular makes it easy for criminals to set up phony corporations and hide their trails, writes New York County District Attorney Cyrus Vance Jr. at Reuters . Some obscure island? Think much closer to home, as in the United States. In every state except Maine and Alaska, it'... More »

3 Stories