shell corporation

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  • noun

Synonyms for shell corporation

a company that is incorporated but has no assets or operations


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References in periodicals archive ?
Describe the "pump and dump" scheme and the concerns of the SEC regarding shell corporations and their role in the reverse merger process.
The bank opened an account for him personally, helped him establish two offshore shell corporations in the Bahamas called Ashburton and Althorp, and then opened more accounts in the name of those shell corporations both here and in the UK [Britain]," Levin said.
Helped Pinochet set up offshore shell corporations and open accounts in the names of those corporations to disguise his control of the accounts;
2003-6 holds that "an ESOP is not established until it is adopted by an employer for the purpose of enabling its employees to participate in a more than insubstantial manner in the ownership of the employer's business and to provide its employees with more than insubstantial benefits under the ESOR" Hence, ESOPs of shell corporations do not qualify.
Some diocesan attorneys are even advising Catholic schools and charities to divide assets among shell corporations to protect against claimants.
What attracted me to this stow, more than the Kimeses' characters, was the whole phenomenon of shell corporations, credit card fraud, identity theft--all things that have entered our lives in the past several years but which people haven't been paying much attention to, although September 11 may have changed that.
Now that TS&B's stock is on the rise, it is a acquiring companies and following an audacious business model featuring shell corporations and reverse mergers.
They frequently use shell corporations and offshore banks at this stage because of the difficulty in obtaining information to identify ownership interests and acquiring necessary account information from them.
NHQ alleges that the company's recent sale of 12 Florida facilities created shell corporations to avoid lawsuits, increase profits, and circumvent regulatory statutes.
The very rich use sophisticated offshore structures, which include foreign trusts, shell corporations, and bank accounts in countries with bank secrecy laws.
Instead it sued CITI, CITI Services Inc, both shell corporations, and their principals, Aikaterini Theochari and Greg Lloyd Smith, seeking a court order to block further use of the domain name.
Stocker perpetrated multiple instances of corporate identity theft in order to create shell corporations and sell them for cash payments.
taxpayers to conceal assets held in offshore accounts and shell corporations, and thus to recoup federal tax revenues, adding "in light of that, Lebanese banks which deal with the American ones had to thoroughly study in deep the provisions of the said law.
TRANSPARENCY: Eliminate trolls' ability to hide behind multiple shell corporations
Chancellor Werner Faymann and domestic rivals have said three conditions must be met however, including respecting Austria's bilateral tax agreements with Switzerland and Liechtenstein, and a requirement that authorities identify the financial owners of shell corporations and trusts.