ByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 7 days agoBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineimagemessage-square207linkfedilinkarrow-up11.47Karrow-down112
arrow-up11.46Karrow-down1imageBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 7 days agomessage-square207linkfedilink
minus-squareTrackinDaKraken@lemmy.worldlinkfedilinkEnglisharrow-up5·5 days agoThey set up LLCs in Nevis, a tiny island nation that doesn’t disclose who owns what business. The filthy rich use these mailbox businesses to buy real estate, and launder money. None of it can be traced back to them. https://www.theguardian.com/news/2018/jul/12/nevis-how-the-worlds-most-secretive-offshore-haven-refuses-to-clean-up
They set up LLCs in Nevis, a tiny island nation that doesn’t disclose who owns what business. The filthy rich use these mailbox businesses to buy real estate, and launder money. None of it can be traced back to them.
https://www.theguardian.com/news/2018/jul/12/nevis-how-the-worlds-most-secretive-offshore-haven-refuses-to-clean-up