shell companies

Anti-Laundering Bill Targeting Shell Companies Stalled in Senate as Big Banks Caught Cooking Books

Money laundering and cooking the books are usually treated as separate things when discussing white collar crime, even though the latter is often the mechanism through which the former is carried out. In the world of corporate banking, hedge funds and the host of satellite market services that underpin the financialized economies of the U.S.

Trump Has Yet To Disentangle Himself From His Private Empire

FILE – In this Dec. 7, 2016 file photo, Vice President-elect Mike Pence, left, and Jared Kushner, second from right, depart from Trump Tower, in New York. AP/Andrew Harnik)
WASHINGTON (REPORT) — President-elect Donald Trump pledged to step away from his family-owned international real estate development, property management and licensing business before taking office Jan. 20. With less than two weeks until his inauguration, he hasn’t stepped very far.