Sentence examples for shell corporation from inspiring English sources

Now serving a 127-month federal prison sentence for wire fraud, bank fraud, and filing false income tax returns, Schlichter said the ideal corporate structure for illegal gambling is to set up a shell corporation in Ireland, where you can register as a "consultant" for your corporation.

Mitt Romney is betting on a Bermuda shell corporation.

He then created the Panamanian shell corporation to hide behind, according to court records.

Some of those were from the Greater Manhattan Group, which prosecutors described as a shell corporation.

The promoter would create a shell corporation overseas that was controlled by the American taxpayer.

The documents said that Mr. Stein had used the shell corporation to shield the money from the I.R.S.

Many Russian shell corporations are domiciled here for tax purposes.

Many times, products come here through shell corporations.

The Panama leak is not the only case of lawyers forming shell corporations in secrecy jurisdictions.

"In practice OECD countries have much laxer regulation on shell corporations than classic tax havens," Mr Sharman concludes.

Congress is currently considering the bipartisan Incorporation Transparency and Law Enforcement Assistance Act, which would eliminate anonymous shell corporations.