Offshore Nominee

Wednesday, 22 March 2023

Latest News for: Offshore nominee

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Manchin faces 2024 choice crucial to Democratic friends and foes alike

Killeen Daily Herald 09 Mar 2023

Since Friday, he’s announced opposition to three Biden nominees, including Daniel Werfel to lead the Internal Revenue Service ... Manchin’s punches haven’t stopped with nominees. He also ripped the Interior Department on Wednesday for delaying a plan for offshore oil and gas leases, ...

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Adani stocks slip again as MSCI weighs free-float tag

The Times of India 10 Feb 2023

"Many of the supposed 'public' funds exhibit flagrant irregularities such as being Mauritius or offshore-based entities, often shells with beneficial ownership concealed via nominee directors and with little to no diversification, holding portfolios almost exclusively consisting of shares in Adani listed companies," Hindenburg said.

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Criminals, oligarchs and kleptocrats still own large chunks of the UK – and they’re using this loophole to stay anonymous

The Observer 03 Feb 2023

If your house is worth £20m – and, for an oligarch, that’s pretty pokey – you have to cough up a quarter of a million quid a year for the privilege of owning it offshore ... These supposed property-owners are acting as nominees for someone else; effectively they are offshore shell people doing a job once done by shell companies.

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Black Friday for Adani stocks

Financial Express 28 Jan 2023

On Wednesday, Hindenburg said offshore shells and funds tied to the Adani Group comprise many of the largest public holders of Adani stocks. Many of these public funds were often Mauritius or offshore-based shell entities with concealed beneficial ownership via nominee directors.

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Adanis dismiss US firm’s allegations

Financial Express 26 Jan 2023

Hindenburg Research further alleged that many of the public funds exhibit flagrant irregularities such as being Mauritius or offshore-based entities, often shells, with beneficial ownership concealed via nominee directors, and with little to no diversification, holding portfolios almost exclusively consisting of shares in Adani listed companies.

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Four Adani listed companies on brink of delisting threshold: Hindenburg Research

Business Line 25 Jan 2023

“Many of the supposed “public” funds exhibit flagrant irregularities such as being (1) Mauritius or offshore-based entities, often shells (2) with beneficial ownership concealed via nominee directors (3) and with little to no diversification, holding portfolios almost exclusively consisting of shares in Adani listed companies,” it added.

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Hindenburg's point blank charges against Gautam Adani, explained in 10 points

Live Mint 25 Jan 2023

Adani family members allegedly cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the UAE, and Caribbean Islands, generating forged import/export documentation in an apparent effort to generate fake or illegitimate turnover and to siphon money ...

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Rich Indians under lens over foreign life insurance policies

The Times of India 19 Jan 2023

Most of these individuals either did not disclose that they were nominees in foreign life policies or were found to have purchased life insurance from an offshore company without the permission of the Reserve Bank of India ... Now, foreign insurance companies have also begun parting with data on the insured and policy nominees having Indian addresses.

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Understanding term life insurance and why do you need it

Khaleejtimes 30 Oct 2022

Term insurance is a simple contract where an insurance company pays a promised sum, say Dh1 million, to the family or a nominee in case of the insured person’s death ... Your Profession or daily activities, For E.g., Working in Offshore rigs, armed forces, etc,. Sum assured, or the amount that the nominees get on the demise of the policyholder;.

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EXCLUSIVE: America's richest black man, tax cheat Robert Smith, put his girlfriend up in $60M ...

The Daily Mail 17 Aug 2022

'Further, that Excelsior Trust and [another offshore trust] Flash Holdings do not have a significant independent business purpose other than acting as nominees for a portion of Smith's income earned from various Vista funds, for the purpose of concealing this income from the IRS .'.

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U.S. SEC sues West Vancouver offshore shell facilitator for US$28.9M

North Shore News 11 Jul 2022

The United States Securities and Exchange Commission is suing former lawyer turned offshore shell facilitator Frederick Sharp of West Vancouver for US$28.9 million. On May 12 the U.S ... Supreme Court July 7 ... Sharp and his associates, largely based in B.C., established a network of offshore entities with nominee owners ... On Aug ... It is unclear if the U.S ... .

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B.C. stock promoter used Colombia 'boiler room' in offshore scheme, SEC alleges

North Shore News 29 Jun 2022

He also faces criminal charges along with members of his so-called “Sharp Group.” The group is alleged to have orchestrated “pump and dump” schemes prior to illegally trading insider shares via offshore shell companies held by nominee owners.

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B.C. man charged in U.S. for alleged offshore fraud scheme

North Shore News 10 Jun 2022

is now facing securities fraud charges in the United States related to an alleged illegal offshore shell company scheme involving over $1 billion in transactions ... According to the complaint filed by the commission at the Southern District of New York court, Stubos used nominees for offshore companies to hide his control of the company stock.

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What B.C.'s money laundering inquiry missed

North Shore News 26 May 2022

Hells Angels Motorcycle Club member involved in a broader network of alleged schemes that involves over $1 billion of securities trades grossing over $770 million in profits secured via the use of offshore shell companies held under nominee owners.

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Kremlin critic Browder urges squeeze on oligarchs' enablers

Times Free Press 25 May 2022

Browder, author of the nonfiction best-seller "Freezing Order ... "They've hired the best lawyers, best asset protection specialists, and there are shell companies and trust companies and offshore companies and nominees and proxies — and the whole thing is extremely well thought-through." ... "But we have to do this ... We need to get 118," he said ... ....