shell companies

The CBI conducted searches at over 80 locations across India in a digital arrest scam case. The accused were involved in creating shell companies and operating mule bank accounts to launder approximately ₹2 crore of suspected criminal proceeds.

Mario Flores, an illegal immigrant from Honduras, was sentenced to eight years in prison for a $38 million payroll tax fraud scheme involving shell companies in Orlando, Florida. He conspired with his girlfriend and others to defraud the US government.

Five individuals were charged in Medicare fraud schemes involving Ferraris and shell companies. Medicare paid over $10 billion for skin substitutes in 2024 under the administration of Mehmet Oz, the US Centers for Medicare and Medicaid administrator.

A.P. Minister Dola Sri Bala Veeranjaneya Swamy alleges that Jagan is the ultimate beneficiary of a liquor scam, with revenue diverted to shell companies in Dubai and parts of Africa.

Russia's shadow fleet evades sanctions by using registries, ports, and shell companies to obscure ties to the country, a strategy refined from methods North Korea developed. The article highlights that while some tankers are caught in the Mediterranean or European waters, the larger issue lies in undetected ships maintaining a sanctioned state.

Iran, North Korea, Russia, and China are conducting coordinated financial fraud operations within the U.S. system using shell companies, stolen identities, and synthetic profiles. Iran's 'shadow banking' network, linked to the Zarringhalam brothers, evades sanctions by routing funds through intermediaries in the UAE and Hong Kong to finance military and terrorist activities.