35 Burst results for "Shell Company"
US Proposes Ending Rule That Weakened Wild Bird Protections
"The Biden administration is proposing to restore longstanding protections for wild birds that work ended under former president trump in its final days in office the trump administration ordered a halt to prosecutions under the migratory bird treaty act for accidental but avoidable bird deaths more than one thousand north American birds are covered by the treaty from peregrine falcons to songbirds and more than twenty owl species hundreds of cases targeting utilities oil companies and wind energy developers resulted in criminal fines and civil penalties totaling five point eight million dollars between two thousand ten in two thousand eighteen most notably a one hundred million dollar settlement by energy company BP after the two thousand ten oil spill in the Gulf of Mexico which killed an estimated one hundred thousand birds Ben Thomas Washington
NY AG: ISPs Behind Millions of Fake Net Neutrality Comments
"Among those behind millions of fake net neutrality. Comments filed with the FCC New York Attorney General Leticia James says broadband industry companies paid more than $4 million for a campaign that generated more than 8.5 million. Fake comments to the FCC to quote create the appearance of grassroots opposition to net neutrality rules. Another nine million comments supporting that neutrality were found to have been made by a 19 year old college student talks is Tanya J. Powers that neutrality bars Internet service providers from blocking or throttling Web traffic or offering paid fast lanes and an army trainees been arrested after
Google Says 20% of Workers Will Be Remote, Many More Hybrid
"Most Google employees will have more flexibility in their work schedules the company says about sixty percent of its workers will be on a hybrid schedule that will include three days in the office in two days from wherever they work best twenty percent can change their location to a different office and the remaining twenty percent will continue working remotely even after Google offices reopen this fall also Google employees will have twenty days a year in which they can work from another location other than their main office the company will also offer reset days days off to help cope with the pandemic most of the one hundred thirty five thousand employees will work from home through this September I'm I can't put
Microsoft Pledges To Let EU Users Keep Data Inside Bloc
"Textron's Microsoft is committing to local data storage the European Union uses Microsoft is pledging to that's business and public sector customers keep cloud computing data inside the twenty seven nation bloc to have little concerns about US government access to sensitive information company president Brad Smith is the way customers want stronger commitments on so cool data residency writing in a blog post Smith said in other words we will not need to move your data outside the E. U. the updates will apply to the companies cool cloud services including a zero Microsoft three sixty five and dynamics three six five Charles last month London
Lessons in Building an EUnicorn to $1.7Bill Valuation
"Do think when it comes to what has helped us on. The journey is certain. That sounds bit counterintuitive but the fact that we Me and my co founders. But first time entrepreneurs and starting the company right of new visit actually helped us to stop at southern company to quote cookie because we wear so naive and things that we really took a lot of advice very little and there's some easy things like people out of most important factor your company successful. You should make sure that really only hire the best people and we've been very early on thought like well. I guess it's such a common known visit. Everyone would do that very literally. So we put in a process in place that really helped us create talent and which we do today but we've been very strict about it early on but less because we we knew that the recipe of success because we thought house would be doing the same and i think a lot of these things were quite naive on and what we felt. We had to compensate our lack of experience by taking very of being really strict about things has helped us a basic
Facebook's Trump Ban Upheld by Oversight Board for Now
"Let's turn to facebook. Send sendai independent oversight board and the decision yesterday to uphold the company's ban on former president donald trump's account the twenty member board made its ruling but ultimately handed the final decision back to facebook. The board said the social media site cannot invent new unwritten rules when it suits them and recommended facebook either permanently banned or reinstate trump within six months trump was banned indefinitely for his posts after the january sixth insurrection where he referred to members of the mob as special and patriots join us now longtime journalist carol cadwalader. She's co founder of the real facebook oversight board a group of experts who analyze and critique facebook's content moderation decisions and policies. Carol good morning. it's good to have you on with us. What did you make of the ruling of this. They called an independent board. That handed down the decision about donald trump and basically kicked it down the road a bit and set after six months. It's up to you facebook. Well i'm really glad you called a semi independent cool independent because of course it's not an independent board is a board which was setter falling on facebook points. To all the members they made its terms of reference and essentially. What they were trying to do is sort of. Have this an external body where they could. You know shove off the most difficult decisions it didn't have to deal with and let somebody else tight responsibility for what we've had. Is this situation whether that this vote is come back and said no. Actually this is on you. You've got to tight responsibility. And and they just kicked it right back at them and in many ways. I think that that is this is this is a good thing in this. This total denial of a facebook to just take responsibility for what goes on its platforms is. We've just seen it time and time again and this is this is a this is a this is a huge exalt glove it. So so it's it's it's it's sort of. It's a a. it's a ridiculous false ical situation but it is quite helpful in turns the attention back on
A Diagnostics Company Moves to Developing Precision Cancer Therapies
"Osama. Thanks for joining us. Thank you for having me danny. We're going to talk about four bio therapeutics. Its strategic shift from diagnostics to therapy dixon. Our seeking to build a pipeline of targeted therapies. Perhaps we can start with a little history though. Four was known as novellus deacs until this year. What was the name. Change meant to signal once again. Thanks for having me so let me let me maybe go back a little bit in time to come back to the present As you mentioned. Four prior to a few months ago was novellas novellas diagnostics company based out of jerusalem israel companies. About nine years old. It did start out as a diagnostic company The foundational product here was a functional genomics platform that helped physicians providers and pharma companies. Identify the right drugs for the right patients by looking at very specific molecular profiling by patient Over the years as the company was evolving in that diagnostic business model I think a combination of prior management and the board realized that there was a there was quite a bit of opportunity to think about diagnostics internally and develop diagnostics on their own because we were identifying unaddressed. Patient populations and matching them to therapies That were either being developed or already in the marketplace and so at believe early two thousand nineteen the board and the management team decided to pivot from a diagnostic business vital to therapeutics business model and leveraging the platform started to identify across a number of validated cancer targets unaddressed. Patient populations where there's a high unmet need and where the company could really help bring beneficial therapies to market under this scope in early twenty twenty the company in licenses its product from lexicon. It's a next generation. Be rafted addresses class one and class two mutations And within that again using the platform we have begged clearview into creative trial designs. That target high unmet need populations. These are commercially viable populations
How Tourism Companies can Leverage with AI
"Mink has changed. The world really dramatically. And i would say that we. We don't still know everything that it will change. It's still changing many things right and that's why we need to be really alert. We need to learn new things and also we need to learn how to use new technology so in spain for example of spain's biggest or one of the biggest tourism destinations in the world. But it said that the first sixty days of the qualifying meant accelerated the use of technology the same as five years in a normal life and this is really huge improvement and for the whole industry. I would say that this is both excellent or and also a big threat Because many many hotels are kind of still thinking alike business as usual and we just opened the doors and tourism tourist. Come come in. And that's all we have to do right so anyhow it has been interesting obviously it has been really sad this pandemic but it has been interesting to follow all these technological trends and now they're growing. Yes i mean. I i agree with you. This has been hotels. Tourism businesses have been sitting live sort of laid back because the two thousand nineteen was a great year and also for spain was a fantastic year but of course with the pandemic effecting it of just stopped everything and of course the major businesses that spain this relying and also other destinations that has mass tourism essay or or a major contributor to the global. Gdp dropped also kind of have to rethink. And you're so right when you're saying that when people are saying that will just a just waiting things to get normal. Were normal is a wrong word. Because you have to think it's going to be different. And how is going to be different. How can i make the difference myself in order to to kickstart this business or have made i have to think about the different business model
Teaching Digital Marketing To Gen Z Through Real World Projects
"If there are marketers out there listening to this episode or there are nonprofits or educators at the university. And if you're working like an in a business remarketing department. I would say if you haven't tried this framework Or approach that we tried in. It's been very successful. Which is look help. The students learn by doing so hands on. Take the nonprofit in this case and pick the ones that are going to sort of drink. The kool aid right because they have to do some work on their end as well. But it's a win win for everybody. Wouldn't you say because i've everyone that i've talked to over the years and i've kept in touch with any of the students there from your class. It's like it. It served as like a big like it was very impactful. Yes i think students have found it very impactful. And they appreciate that they get to work with a real company and they're learning digital marketing. But they're actually seen because the nonprofits are so appreciative. A you know students are doing blogs and social media posts social media audit google analytics audited audit that the The not they see the nonprofits is just light up because they're actually teaching them about their business in how to improve it so many the students put you know. Put it under linked in profile. And they're very proud and they talk about it in their interviews.
Trump Ban From Facebook Upheld by Oversight Board
"President Trump's banned from platforms. Such as Facebook and Instagram with a But ABC is Elizabeth Shells is covering the story and spoke with Cuomo's Kelly Blier, so former president Trump will remain banned on Facebook, for now, for now, is the crucial word here. Essentially, the board has upheld this decision to suspend Trump's accounts on Facebook and Instagram. Writing the violent environment that they say he created in the wake of the January six Capitol attack. But the oversight board also said Facebook should not have put an indefinite ban on his accounts in place. And they essentially punted this decision back to the company to decide within six months how long this suspension will laugh. So the company is Facebook is now in a position where it has to decide if this is a permanent ban. Or not. This is obviously creating questions about this oversight board, which was created this kind of an independent board that make decisions that Facebook couldn't make itself And it's of course, igniting a huge debate that's already been raging here in Washington about it. These big tech companies Have too much control over the content. That's online. So this oversight board found fault with the indefinite ban. So there you
Moderna Says Covid Booster Generates Promising Response Against South Africa, Brazil Variants
"Modern is saying a booster shot has generated a promising immune response against new variants of the virus of Iris, first identified in South Africa and Brazil. Those variants the new data from ongoing clay. Nickel trial is the company looks to see how the vaccine can stop the spread of these variants and the virus itself.
Solve Your Biotherapeutic Challenges With Help From Gene Therapy University
"Thanks for joining us for this. Gen cast today was pretty exciting episode. We have talking about some seller gene therapy and let's get to it but first let's meet our guests for today's podcast. Gentlemen if you could introduce yourself to the jets hi geoff. My name is not christian. I am an associate director Bioprocessing segment had mila poor sigma. My group primarily provides technical bioprocess consultation and the americas region for manufacturing companies in their process development technology transfer in manufacturing journey towards commercialisation of gene therapies. My name is dave bionic and the sound therapy market segment manager at sigma some focused on our strategy development within our bioprocessing business jenan. Thanks for joining us today. Really appreciate it Let's get to the first question and talk about some selling gene therapy things that are going on so Details a little bit more about the gene therapy industry itself in some of the common trends and challenges which other companies are dealing with. Hey jeff i get really excited. Talking about ten apiece after having contributed to the field is a process development scientists and recently before getting into gene. Therapy let's zoom out and talk about red diseases. By definition that diseases affect a very small number of less than about two hundred thousand people here in the united states that is another category called ultra rare diseases which affect fewer people than twenty people in a million. So we're talking about very small numbers here and entering bespoke era or degenerate medicines but collectively speaking. They happen to be pretty common.
Air Force One Contractor Files for Bankruptcy
"For story comes from simple flying dot com air force one contractor files for bankruptcy. Well as you may know. Boeing was previously awarded the three point nine billion dollar contract to convert to seven four seven dash eight to serve as air force one. He's would replace the seven. Four seven dash two hundred that are used. Now and under this program boeing subcontracted. The interiors to company called g. d. c. technics and in april of this year boeing filed a lawsuit against g. Dc technics and canceled their contracts. Well then gtc countersued. Boeing gdp is filing for bankruptcy protection. Under chapter eleven boeing says. Gd c. hasn't met their obligations and his twelve months behind schedule. Gd countered claiming that boeing was mismanaging the program and owed the company more than twenty million dollars in payments. So little little snafu there. The aircraft being dash are bigger newer than the seven. Four seven dash two hundreds David you know. Where are there additional capabilities. That are expected to be built into this. Or is it just a a refresh of the aircraft. I could tell you. But i'd have to kill you. I'm sure most of most of the upgrades were classified. But keep in mind that. These aircraft were originally designed to be passenger aircraft and were almost finished as such so basically the vip interior that is going to be in them For the president and the press etc basically you have to rip out the interior. That's in them and put in this do vip
How Archie Gips Lives "Unrealistically" and Creates Value Along the Way
"Archie. Gipps dose of leadership show archie. Hey richard thanks for having me this ecstasy yeah and we have a co host tin win my business partner for the up and coming inside five podcast. Launching in in sometime in may welcome ten. Thanks for joining us as well. Thank you let me crash today. Well chicken and say this is a thrill because particularly because it's so fresh. Because i literally just watched the show last week on. Hbo max wall street that your production company. Congratulations on that very captivating binge worthy congratulations. Thank you so much. I really appreciate it. And the response has been really great. And that's really what's important when you you put a show together in like this you want let the world kinda get an inside glimpse marks life and just happy. That people really responded to it. What about i mean you're kind of you kind of you in the early stages of reality. Tv i mean if you think about real world came out what in the mid nineties and then you kinda came out with that blind date which i talk about a guilty pleasure me and my wife used to watch that and then i learned that you were writing a lot of the bubbles which was hilarious. That's did you were the only guy that did the bubbles or team. They're going to do them. There were four of us that originally wrote the thought bubbles. Which i think to this day i think is still a most famous People it just a guilty pleasure of a lot of some full and I i have some crazy stories about that. They could take a podcast. But i would go out in los angeles and had run into people knew spent so much time watching them. You know you'd watch these dates and dates would last like six hours. I don't think people realize now and then sudden you get You go out and you see one of them. And i think it's like a friend of mine or someone that i knew it stood of became a it was an ongoing joke almost but yeah it was. It was a fantastic experience. Really got to learn a lot about human psychology and how how men and women
Basecamp Bans Societal and Political Discussions at Work
"The startup base camp is well known intact circles. It makes product management and communication software for business teams. It developed the ruby on rails software development framework. It's quite influential in silicon valley but last week it got a lot of unexpected attention nationwide when it announced its employees would no longer be allowed to have quote societal and political discussions on the company's internal base camp account leaders at the companies said. The conversations had become too much of a distraction from work. The move sparked a ton of conversation base camp and beyond and it's indicative of a broader debate happening in silicon valley for more on this we turn to our tech reporter catherine bentley. Hey thanks for being here. Thanks for having me. So tell us about the reaction. We saw base camps announcement. Here are both inside the company and publicly yeah I mean this was all over twitter. Oliver lincoln effectively. What you had was kind of two camps if people you had people who said you know i some people especially underrepresented groups. They can't always sort of divorce politics from their identity. For example i saw someone tweet Someone who's non binary. Say if i introduce myself with my preferred pronouns at a work meeting some people might view that as a political move but to me. This is part of my identity. So there's this overlap between diversity and inclusion and quote politics and so you had some people really taking issue with this and thinking that it was that such a ban was effectively away to silence uncomfortable conversations about diversity and inclusion as opposed to quote political debates on the flip side. you had people One example would be the ceo of coin based brian armstrong saying he thought it was a courageous move and point base actually made a similar move this past fall and people who are sort of on the other side of this debate. Say that you know work should be about work that this has become a distraction that you know. It's it's just become too much of a focus in office culture and that people shouldn't be bringing their political opinions into the
Interview With Claire of up in the Air Life
"Thanks so much for joining us. Can you please tell us your name where you're from your current location and the name of your business. Hi my name is claire. And i am from a town called woodbridge virginia. It's about thirty minutes from dc. I live in playa del carmen mexico. And i'm actually in virginia now at my house here. And what's the name of your business. I have a. I own a lot of travel. Company called up in the air life and i also run a coaching brand under myself. I coach entrepreneurs who are looking to create travel businesses or any type of service based businesses. I helped them get to the money. So tell us like what was it like growing up in virginia and is that where your travel. I've started or was that later on in life. Yes so i grew up merge virginia. I was born in bridgeport connecticut where my parents are from and you know as a growing up as a child. We traveled ally back and forth where my parents are from My mom and dad have pretty large families. Close knit families. My mom has Eight brothers and sisters in my dad has like fifteen or sixteen brothers and sisters. So i have over a hundred first cousins in a young age. You know. I remember playing kickball in Kick the can was like my favorite one in hiding. Go seek at my grandma's house that had like a cornfield In there and like it was on a street called union avenue where it was like five families that all live next door over time and it was amazing so i had a really great childhood fun
Weekend at Bernie's With Jonathan Merritt
"Today. Special guest is author of several critically acclaimed books including learning to speak god from scratch. Jonathan merritt welcome to the show. Jonathan all my gosh. It's my pleasure to be here. Thank you so much for having me on appreciate it man. Taking the time out from your busy days and new york over there. Yeah yeah for sure so tell us a little bit about this book. Learning to speak gone from scratch. How does that work. Well you know. I started writing this book. When i moved from atlanta to new york city actually and i found that it was a lot more difficult in a new setting to have spiritual conversations to use sacred language. Sacred words That other people were unfamiliar with. And so i began to sort of wonder. I think what a lot of people wonder whether it's better to just avoid this kind of conversation In in mixed company or weather in some way These words these. These conversations were beautiful and beneficial and and worth reviving. And that's really what let's started the exploration that became this book Interesting so spiritual conversations. What do you mean by spiritual conversations. you know. it's a big. It's a big broad term What does it mean to have a spiritual or religious conversation for most people. I think they would say it's a conversation about god
What did the pandemic do to our social media use?
"I begin with a confession. I love social media especially twitter. I spend a ton of time on it. It has brought me great joy and new friendships and all of the stuff that goes into funding requests. And ipo's when these companies are trying to make some cash and during the pandemic. I've spent even more time on twitter. Obviously a now. I kind of hate it. I love and respect the doctors and reporters who tweet out. Vital information on cove nineteen everyday. I hate that. I know exactly when every day they'll do that and that i will see it and i will feel a little bit worse. I love our listeners. Who respond to us. Thoughtfully to talk about our episodes. Were our guests or why. My delivery is so slow but also i just cannot deal anymore with the people in our mentions who don't even believe the pandemic exists. All of that is a long way to say that today. I hate twitter. But ask me tomorrow and i am sure there is a social media platform that you feel not exact way about over the last year for obvious reasons spending the past thirteen months and counting without real in-person friends. Social media has been a lifeline for millions of us being where we go to commiserate to mourn to be scared but also to celebrate every little victory and that experience has put a magnifying glass on social media the benefits greater than we might have thought the annoyances the hate even more so so what has our time on social media this year done to us. How has the past year changed our experience with these platforms. Is it now a more vital tool and even more racist hellscape is it a virtual community or is it where we go to stand in judgment on one another. And why is tick tock the only one of these platforms. Everybody enjoys
"shell company" Discussed on KQED Radio
"Many homes all across the country that have been bought out by shell companies where we don't really know who the owner is this a particularly big deal in the bay area where over a third of homes are being bought with cash and often by shell companies if you look around and you wonder you know why can't I buy this house why can't I find any house a lot of the time it's because it's been bought by a shell company this particular house was owned by a family for many many years and then in June it was put up for auction in a foreclosure sale on June eighteenth two thousand nineteen it was bought by Catamount properties two thousand eighteen L. L. C. for nine hundred twenty one thousand dollars give any idea how many houses in the bay area or the state or in the country are bonded by shell companies the census bureau is telling us that there are nearly three million homes and more than ten million apartment units across the country that are now owned by L. L. C. L. L. P. and L. P. fell companies and this is unprecedented in our nation's history it is it's pretty common for houses owned by shell companies just just be sitting empty well I mean this is one of the things that we don't have a good understanding of you know there's a lot of theories so right now we're standing in front of the house looks like it's been hit by fire yeah right and it's guided and it doesn't look like there's a lot of work coming on and it's just sitting here boarded up elsewhere there are apartments downtown San Francisco in these glittering new sky scrapers that the lights off at night you can write elsewhere their homes owned by shell companies that are corporate landlords there's a lot of theories about who is buying up our real estate are we talking about Silicon Valley techies are we talking about international money from China and Russia you know are we talking about your V. N. P. we don't really know right there's a lot of unanswered questions and that's why reveal has gone to court suing the treasury department to get answers to some of those questions the lawsuit filed by the center for investigative reporting is a big deal it could tell us who's behind the shell companies and who owns these homes basically what we're seeking in our lock is trying to find out the true ambition beneficial owners of the shell companies so I live I'm not that far away in a house in Ingleside if you look at the property record of my house you see that is owned by me and my wife where are we we live in the house right all of that is discoverable at the county courthouse you go look at the county courthouse to find information about this house you'll find that it's owned by Catamount properties two thousand eighteen LLC basically tells you nothing yeah I know it has no name attached to it we don't know the person yeah I mean it goes back in this case to office suite in Redondo Beach in southern California now one thing we know about this particular house that's owned by kind of mount is that Catamount two thousand eighteen LLC is a vehicle of this company called Wedgewood which is been the center of the moms for housing occupation in west Oakland where there was an empty house in that case was perfectly fine that was sitting empty for years and these moms moved in occupied it and have attracted national attention so that same shell company owns this house but who owns the shell company right that's what we're trying to find out what's the benefit of creating a shell company to own all these homes well these this statute creek shall compass created many years ago and is actually created to help when oil company in the mid Rockies that had oil rigs in Central America and it wanted to limit its liability in the case that something happened on those oil facilities in Panama so L. L. C. stands for limited liability company they wanted to distance their liability for whatever happened in Panama to the company back in the Rockies over the years however this has been used by real estate moguls to mass property and hide the true source of their money from the public so the treasury department has been asking for information about these beneficial owners then when we it reveal ask for that same information from the treasury department using the freedom of information act they said no they won't give it to us so that's why we sued them and what we're saying to the treasury department is look if you want to redact the individuals social security numbers or other legitimately private information you know absolutely.
"shell company" Discussed on The Takeaway
"Here in New York City. We know that there are luxury buildings that are going up with twenty five year tax abatements for example We know that foreign investors in particular have parked a lot of money into these developments. and which is a little different than I think what we're describing earlier which are are American Homeowners who were caught up in the great recession so is there what. What's the impact there? I mean these two things they they both coming from the same fountain right which is the complete opaqueness of our system If you go to other countries like Ukraine people can go online and look up. The the the jargon is beneficial owner. Who is behind the Shell Company? That owns that building right. That is not what's something that we can do in the US. So you're asking me to weigh in right in and discuss The impact of what's happening in our cities because of this incredible growth of Shell Company ownership both at the lower and middle class level Where people like Sandia renting and in the upper class level on these new condo towers and I guess what I'm saying is we're wrestling with this so much and we don't really know is because the government is hiding hiding key information from US Treasury Secretary? Steve mnuchin is Has Been revealed as one of the owners of multiple shell companies here And you're at the same time you're suing the Treasury Department for more transparency in getting the information behind the shell companies. Are you worried that there's a conflict of interest there. Well I mean the law says that this information should be released. That's why we're suing. They've been they've been concealing it to us for months on so we I filed our freedom of Information Act request back in July. They said they could neither confirm nor deny these records exist. We sent them their own press releases announcing that they were collecting this information But yeah it shouldn't be surprising That Steve Mnuchin who owns property through shell companies is not terribly excited at releasing this information to the public As you know our President Donald Trump is the first real estate developer President that we've had he. He owns real estate through more than three hundred shell companies. So this is the kind of world that we live in Aaron glances a senior reporter at reveal and author of the new book. Home Wreckers Aaron. Thanks so much. Thank you whether they're pretending to be the IRS or offering free vacations to the Bahamas. robocalls have taken over phones across the United States. Hello this is your final notice. It's from cardmember services it. Your interest rates reduced to as low as zero percents expired and this is a final courtesy. Call to renew the warranty before we file. Wait wait she think. According to The Washington Post Americans received roughly twenty six point three billion Robo calls in two thousand eighteen eighteen up forty six percent from the year before but relief may be on the way thanks to new federal legislation two weeks ago. The House passed a bipartisan bill. That hopes to dial back those pesky calls it's expected to pass the Senate and could be on the president's desk before Christmas the telephone Robocall Abuse Criminal Enforcement and deterrence turns act also called the traced act would require service providers to implement new caller authentication technology to be used to block robocalls at at no extra cost to consumers. Now it's unclear exactly how much the bill could do. According to experts the legislation is more of a speed bump than a silver bullet for more on this. We turn to cats across ski attack policy reporter for The Washington Post who also writes it's technology to Oh to newsletter we are seeing with this broad influx influx calls and complaints from consumers that the federal government is trying to be more active in addressing these the FCC has been issuing more fines and going after people. But it's kind of an arms race in some ways right. The technology to prevent these calls gets a little bit better. Government does more to try to address this and then the bad actors get smarter and find find ways to get around that new technology. How are they getting access to our phone numbers? There's a variety of ways that phone numbers can be accessed. I mean if you think about all the ways as that phone numbers are available online. You know you could do a simple phone book. Search to find them and really what we're seeing is that everyone's affected by this. This is something thing that we've seen come up with twenty twenty candidates on the campaign trail complaining about receiving robocalls there have been Capitol Hill hearings where lawmakers say they've been interrupted. Did by having robocaller come to their phone. So whether you're a politician or just an everyday citizen everyone knows the annoyance at best that that these can cause and at some times outright. Dangerous your hard earned money. That is not fair and it's frustrating for a lot of Americans tell me the federal government is going to do more on this. Isn't there legislation that's exactly right. There's legislation that recently passed the House with broad. Bipartisan support. That legislation would give the Federal Communications Commission Greater Authority to go after these fraudsters and basically allow them to issue larger fines. In some instances to crack down on robocalls and also would require the companies to offer free call blocking an authentication software to consumers hoping that this legislation would relieve some of the pain that you just talked about experiencing experiencing what about the phone companies. Themselves I mean what about my wireless carrier provider the verizon's the sprints of the world. Why can't they clamp down on this? It is something. They're increasingly working on. There were some regulatory concerns about them taking action about this There was a lot of concern about not all auto dial calls are illegal right so there was concerned that if they took certain steps of my crackdown on totally legitimate uses of robocalls. While you know. There's a a lot of instances where there are illegal scams where people are trying to do insurance fraud or steal money. There's also your doctor's office might use auto dialing to remind you of an appointment. Men or political campaigns use them to seek contribution so there was a little bit of concern initially about the company's being too aggressive but they've taken some steps to ensure that legitimate callers would be able to lodge a complaint if the software were to crack down on them. So they're now taking a more aggressive of action at the direction of the FCC and also State's attorney general cat. How quickly should Americans expect to actually see a change in the number of Robo calls? They're getting yeah. I mean once the new legislation is passed to lawmakers companies and FCC regulators are all working in concert to hopefully crackdown on these in twenty twenty. You know we're hearing from them that they're making a broad effort to ensure that we won't see as many Robo calls next year the latest data I've seen said Through November of this year there were already fifty. Four Billion Robo calls to Americans and so basically I think what we'll see play out is an increased effort with this legislation with the FCC focusing on this more with companies doubling down to ensure that this happens because it's bad for the phone companies to be having so much Fraud on their networks. That makes people not trust their phone. So I think the pressure is there certainly for all these groups to come together and do more to address this issue and so well. Hopefully that would make a dent in the numbers that we're seeing but I wouldn't expect robocalls to totally go away anytime soon cat. You're not making me too optimistic. Here I mean and I'm wondering as you mentioned. Fraud is a big component of this. If for example you know there are enough people who tell their phone company. Look I keep getting scammed by hi this entity do these phone companies. Stand to be penalized in any way for allowing that on their networks. That's a really good question. I think that Now wow on there's going to be if this legislation becomes law. There's going to be a lot more pressure on the phone companies to do more to address this issue and certainly it's an area that the FCC FCC is focusing on a lot more and putting greater pressure on the companies this is one of those examples where the technology is moving really quickly and the bad actors. I might be able to move a little bit faster than government. And so it's a real challenge for Washington and the companies to keep up with this issue. Had Secorski is a tech policy reporter or at the Washington Post and she also writes his Technology Two oh two newsletter cat. Thanks so much for joining us. Thanks for having me on the show all right more robocall blues from you at eight seven seven eight my take. Oh my goodness I get them all oh And sometimes all day long and sometimes even late at night. It's horrible. Hi I'm Cecilia calling from bridgeport PA.. I get spam call all all the time. I get some for fake credit card and picked up money scams insurance scams go emergencies etc.. They really do impact my life. I I can never accept calls from numbers not my contacts. I play phone tag with doctors coworkers. Friends and family members real important information gets left weight. Because I can't trust my own phone. Hi My name's Ricky. I'm calling from Titusville Florida. I often get Robo calls about three to four a day and my partner actually gets up to twelve regularly with gotten to the point where she needs. Actually keep your phone on silent most of the time to keep from disturbing herself during work or school..
"shell company" Discussed on The Takeaway
"Joining joining me now is Aaron Glance Senior reporter at reveal and author of the new book. Home Wreckers Aaron. Welcome back to the takeaway. Good to be with you. So why were these shell. Companies buying up all these properties. Was it just a question of the availability and the affordability of these properties. Well I mean they had cash at a time as you said in your intro. The banks weren't lending ending. They came in. You had millions of homes all across the country the banks were foreclosing on people and there were folks with ready cash. The the Guy who bought Sandy's home I write in my book Home Record Tom Barrack at Donald Trump's closest friend who introduced Ivanka at the Republican convention didn't land trump's inauguration buys thirty thousand homes all over the country the Guardian and The Washington Post Unmasked. Sean Hannity as a a big buyer of homes throughout the American south the Fox News personality but each one of these revelations was tremendous investigative news effort because we had to figure out who owned Kofin. Ai California five LLC. What we're saying it reveal? Is You know we shouldn't have to have some kind kind of tremendous investigative news effort to find out who's buying up our towns. We should be able to know you mentioned Tom Barrack. I WANNA play a clip clip from Tom Himself speaking at a real estate conference about he how he goes about buying up underwater houses. Let's take a listen all cash means you have guys walking walking in honestly with bags of cashier's checks because you have no idea what you're gonNA have to bid so we have these little twenty one year old kids that are walking in with with with bags with Blue Tucson with cashier's checks and these denominations Aaron you mentioned a bunch of folks including Sean Hannity and Tom Barrack who we just heard who are buying up properties. Operatives I mean is that not a legal strategy. I mean. There was nothing illegal about what Tom Barrack was doing. And there's nothing illegal about what Sean Hannity is doing. The issue so here is transparency like do we have a right to know a who are landlords are and so if this is a legal strategy why are they going to such lanes to conceal their all right entities. That's really what you're you're trying to get at here. Yeah I mean this is a LLC. A policy that was limited liability corporation right and it was created for tax purposes actually originally created to shield oil companies who were drilling for oil in Panama from being held accountable in the United States. I mean it had nothing to do with residential real estate whatsoever in the beginning. But will we see now is people from Sean Hannity on the one hand to a foreign oligarchy on the other hand to just mom and pop landlords who want to conceal themselves themselves and not have the public know that they're buying a particular property. I mean I. It's kind of Embarrassing if you're Sean Hannity and you turn out to be a slum Lord all across the southeastern United States may be if you're going on national television every day showing yourself as a man of the people right right you might not want people to know that. And then there's other folks who are potentially laundering money through these properties And this is why the Treasury Department Mint has been collecting this data. I mean we live in a country. Now we're in big cities like New York San Francisco Los Angeles in Miami you know. Third of residential purchases is are all cash and the Treasury is telling us that as much as a third of them may have been flagged as suspicious activity so not all of these cash buys Are suspicious but but some of them may be linked to money laundering. Aaron I want to talk about. You mentioned the potential for money laundering again. Not all of this activity is illegal. This is just really an opportunity opportunity for for folks who have or had cash to go in and buy up but there is an effect. Isn't there in terms of when you go from being a homeowner as we heard sandy at at the top of the segment to suddenly being a renter. What difference does it make if there is a shell company rather than as you referred to earlier a real human landlord? What's the concern there? Who Do you call if something goes wrong right? If you have a problem with your plumbing if you have roaches right you pick up the phone and call the Shell Company. They probably give you a web portal to go to. But what if you can't satisfy your housing needs with a web portal. What if you WANNA go up the chain and the only only place to go up the chain is a Po box in Delaware? Then you're in a world of hurt in Sandy's case She went from living in a house that had been bought by her parents. Prince Back in the eighties for under ninety thousand dollars to pain over the course of eighteen months. More than forty thousand dollars in rent not to Tom Barracks Company. They raised her rent three times over those eighteen months and the lease agreement that they made her sign up put almost just all the maintenance responsibility on her so if the plumbing bursts she had to fix it if the window broke she had to pay for it but all those rent payments were going to Tom Barrack exp Shell Company and so he was getting the benefit of all that equity. I'm so that's what happened with her. And then if you're the city and you're dealing with a whole all town that is being bought up by Shell corporations and you're trying to deal with issue of a housing shortage or systemic blight or your tax policy but your whole town is being bought up by LLC LP and Lop Shell companies then what you do who do you hold accountable. It's unclear about of what you're what you're describing and I I've seen this in other parts of the country is that previously Homes that were privately owned which which were caught up in the foreclosure crisis and essentially really available were then scooped up by by private companies and now turned into rental properties. Now I have. I have a question for you though if somebody I mean to someone like sandy not have a choice choice To stay and pay the exorbitant rents that you're describing or to move on to Cheaper property with. That's what she eventually did. I Menchu's paying more and more and more rent to the Shell Company and eventually after about a year and a half of this she moved and now she's paying rant on another house house in her. Landlord is a human and the landlord takes much better care of her and the rent is lower so you could say oh well. There's a market solution here but but on the other hand these buyers with ready cash are taking a greater and greater share of the housing inventory of our cities and and this is not something that ended with the housing bust. We're seeing right now. Even now with housing prices being so high an enormous percentage of homes being purchased with cash and held by Shell companies. You know there's lots of rumors right Companies renting those those homes after they've been purchased or are they just holding them indefinitely. I mean I think we have a real mix right. We have some people who got in who turn these homes into rentals But then we we look up sometimes these gleaming new skyscrapers in our major cities. And we see lights that are off at night and we wonder if there aren't people people just parking their money in these buildings and so even when developers build new housing It doesn't feel like it solving our housing crisis. And this this is one reason why the transparency you know that we're going for in this lawsuit is so important and does it matter. Is it the responsible. Because you're talking about two different things one or the homes set of already been previously owned foreclosed on in the in the wake of the great recession another thing or new High rises that we see every day here in New York City that are explicitly lately a luxury housing and so is it the responsibility of the of the builders of those luxury houses or apartments to provide affordable housing. or I mean it's it's the responsibility of our government to give us the information that we need to make good policy right. I mean we're we'll be told like Oh. This new luxury actually building is going to provide housing. Maybe it'll be for the super rich but you know maybe super rich people are living there. Or what if this building That's going up is is Is Half Empty. And it's just zillionaires. Parking their money right What does that do Aaron to to the fabric of of a city? I mean what's the concern there because we do see that quite a bit in luxury housing.
"shell company" Discussed on The Takeaway
"Markets all but froze with many any banks reluctant to sell mortgages but for cash buyers the glut of cheap property was it appealing investment opportunity and some of the biggest beneficiaries of the flesh housing market it were private investors who began buying homes in the millions. Sandy Jolly was one of the nearly ten million Americans who lost their homes between two thousand and six and twenty any fourteen. A bank foreclosed on her Los Angeles property in two thousand thirteen. We just walked around the house you know remembering how long my parents had been there how much they loved that house. How proud they were of that house? I was thinking of all the memories when the house was sold at auction. The new owners offered sandy to stay. But this time as a renter. Those letters said to me they're going to put a tendon in here in. It's either GONNA it'll be you and you're going to agree to their terms or it's going to be somebody else and we don't really care and Sandy story is all too common. A Shell Company called. Kofin Hey I five California. LLC had bought the deed for her home in an all cash transaction according to the Census Bureau after the recession almost three million homes and thirteen thirteen million apartments had been bought by similar entities like LLC's LLP's and other obscure investment vehicles now new reporting from reveal and the Center Center for investigative reporting has peeled back a layer of the corporate facade. That conceals who really owns the. US is housing stock. According to reveal these essentially anonymous owners owners decrease the number of affordable houses on the market and can spell trouble for tenants and communities and now reveal is suing the Treasury Department to get the identities of the wealthy investors festers behind these shell companies.
"shell company" Discussed on AM 1350 WEZS
"Supposedly would coen's people are saying is so what he was hired as a business consultant that's what the deal is and in the meantime the stormy daniels affair still hangs in the balance daniel avenue eddie who represents stormy daniels in the lawsuit trying to free her from a nondisclosure agreement that kept her from sharing her affair she claims with the press was deposited into a shell company owned by cohen and we know those stories by now and it wired daniels one hundred and thirty thousand dollar payment so it still is one of those situations of prove it and what does that mean and and so on and so forth down the line but in a typical legal settlement a client pays money to a lawyer's client trust lawyers clients trust account and the lawyer then forwards the funds so that's pretty that is pretty common i've checked with several attorneys to say well you know does of course it seems odd and you can talk about but wouldn't you normally do that win that be how that the payments are handled and the attorneys that i that i've spoken with and certainly knowing some attorneys in my own family they say that is a legitimate practice so i think we're gonna be hearing about this whole stormy daniels thing for a while longer but does it actually nail co into the wall or not i guess that's the big question the or not part of it i suppose there's a good chance you know i said it an earlier our scale of one to ten ten being a definite you go to prison to aid he may be in that age range because too many strikes and looking under the hood and pushing around enough there may be something that falls out that just doesn't match up by the way.
"shell company" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Companies such as at and t and novartis paying money to michael cohen at least a shell company that was controlled by michael cohen president donald trump's personal attorney here to tell us more is larry noble senior director and general counsel to the campaign legal center they're based in washington dc also joining us as bill allison campaign finance reporter for bloomberg news and he joins us from our ninety nine one studios in washington bill maybe you could just outlined for people what do we know so far about companies and their payments to mr michael cohen what we know is that after donald trump's election michael colin sort of advertised himself as somebody who understood the thinking of and had access to president trump and at at this point in time you have to remember that you have somebody who ran as an outsider who wasn't outside or who didn't have the long washington history and companies were looking for people who could provide guidance or help them understand how the trump administration was working and we know from statements from at and t and of artists two of the companies that hired michael cohen that that's what they were that's what they say they were looking for they hired michael cohen to try to give them insights into the thinking of this administration novartis was worried about you know there's president trump campaigned against high drug prices he made comments about that during the transition at and t had a pending merger that it was concerned about and michael cohen was the guy who could tell them what donald trump is thinking.
"shell company" Discussed on News 96.5 WDBO
"On a shell company cohen setup call the central consultants benatti says cohen used that shell company for transactions totaling more than four million dollars shortly before the election into two thousand eighteen but cohen's lawyers say albany made some mistakes in court documents coen's attorneys say albany had the wrong michael cohen in some cases under possible fraudulent any legal financial transactions of naughty list wire transfer to an account in toronto for four thousand two hundred and fifty dollars coen's attorneys say vata count belongs to a different michael cohen a canadian citizen maybe sees news chief national correspondent tom yomas the new york times reports president trump berated homeland security secretary kirsten neilsen wednesday in a cabinet meeting a source tells abc news the president was angry she hasn't done enough to secure the borders the tunnel shing so bad the times reports nielsen drafted a resignation letter a homeland security spokesman called that false homeland security secretary kirsten nelson said in a statement on the immigration battle the president is rightly frustrated about existing loopholes in the lack of congressional action quote i share his frustration the white house did not deny the new york times report but said the president is committed to fixing the broken immigration system and porous borders abc's kenneth moton in washington at a rally in indiana thursday president trump said his meeting with north korea leader kim jong un will take place on june twelve and singapore officials now warning that the volcano on hawaii's big island could erupt explosively sending boulders rocks and ashes into the air around it summit visitor gary lofgren year is worried about the locals inconvenience for us but it's much more inconvenient for the folks that live here governor david.
"shell company" Discussed on KOMO
"The end of the year in the phoenix area and gm has said it will offer a service starting next year stocks were higher today's market closed the dow jones industrial average moved back into positive territory for the year closing at twenty four thousand seven thirty nine the nasdaq composite rose sixty five points the sp five hundred picked up twenty five that's your money now we'll have more money news in thirty minutes new trouble for president trump's former personal attorney michael cohen with questions growing about millions paid to his shell company by businesses looking to work with the trump administration abc's chief national correspondent tom yomas with the latest the treasury department launching an investigation into the possibility financial records tied to the president's personal attorney michael cohen may have been legally lead cohen responding to questions about stormy daniels attorney michael nadi who posted some financial details about a company coen started shortly before the election essential consultants nadia legis cohen used that same shell company facilitate the daniels payment in a hush agreement but also for a consulting practice that had transactions totaling at least four million dollars shortly before the election into two thousand eighteen among the web of companies that hired cohen at and t which allegedly paid him at least two hundred thousand dollars and has a major murph merger pending before the justice department but company says they paid to get quote insights into understanding the new administration former suitable giant novartis acknowledges they paid cohen one point two million dollars a company spokesman says they were promised quote access to the new administration also potentially troubling for cohen five hundred thousand dollars avocado says cohen received from columbus nova a company with deep ties to putin ally viktor vessel berg a russian billionaire who reportedly attended the trump inauguration and according to the new york times was questioned by the mother team that's abc's tom yomas reporting komo news time four twenty four aaa traffic every ten.
"shell company" Discussed on WNYC 93.9 FM
"Walked through lifelike that setting up so many shell companies show company after shell company and it is there's one straight line from that to essential consultants paying off stormy daniels collecting money from a russian oligarch tied firm all of which we now know happened there's also a lot on at and t payments which is in a bid for time warner which directly affects media i mean we've we've we're almost out of time but do you have any thoughts on that are these things connected to that just look at the business that these companies were in and we have a pharma company donald trump pledged to to bring down from a suitable drug prices we have a communications company federal communications policies always a big deal even if you aren't planning a merger so of course these are companies that had business before the federal government all the time i was here talking with the trump inc podcast team about the latest developments and michael cohen shell company thanks guys for being with us today so great to be with you and congratulations on your takeaway debut thank you the takeaway is supported by legalzoom where public radio listeners can go to start and run their businesses legalzoom's not a law firm but their business legal plan provides access to independent attorneys and tax professionals nationwide more at legalzoom dot com slash takeaway.
"shell company" Discussed on The Takeaway
"And what was striking is that so many people around him were convicted of crimes investigated loss their professional licenses and he sort of walked through lifelike that setting up so many show companies show company after shell company and it is there's one straight line from that to essential consultants paying off door me daniels collecting money from a russian oligarch tied firm all of which we now know happened there's also a lot on at and t payments which is in a bid for time warner which directly affects media i mean we've do you have any thoughts on that are these things connected to that just look at the business that these companies were in and we have a pharma company donald trump pledged to to bring down from drug prices we have a communications company federal communications policies always a big deal even if you aren't planning merger so of course these are companies that had business before the federal government all the time i was here talking with the trump inc podcast team about the latest developments and michael cohen shell company thanks guys for being with us today so great to be with you and congratulations on your takeaway debut you that's all for us today folks but before we go please get out your calendars and mark this down monday at one pm eastern i'll be doing facebook live session with none other than brooke gladstone from on the media you can ask me anything well almost anything choose wisely please it will be on our takeaway facebook page go and like that page and join us on monday and if your question just can't wait until then you can always find me on twitter at tanzania vega anc so much for listening and we'll see you tomorrow.
"shell company" Discussed on MSNBC Morning Joe
"I mean i would just note for for the record that if anybody wants me to provide insight into the trump administration and you could wire money to my shell company you know the interesting thing you know i'm i'm happy to take it and provide you with insight i can provide them over twitter if you'd like wouldn't tasha is working on is we're in a we're in a situation right now where where there's a convergence of a bunch of different storylines and i think i don't wanna go too far into where she's going at the moment and there are a lot of reporters obviously on this as well but you know we're we're seeing this amazing convergence and you know the interesting thing to me and one of the things that i think a bunch of reporters are looking at is i guess the theme would be let no let no good shell company go to waste if you've sent the shell company for one thing you might as well start funneling into the other i think the real issue here is the behavior of huge american corporate titans thinking that that michael cohen is going to get them something this is raised i mean this is brought in a whole set of other characters and it reminds me a little bit of the daisy tom buchanan great gatsby rule that everybody who gets touched by this crew somehow gets tarnished and destroyed yes but in this case it will be tom buchanan who is picking up all that he crashes rex nobody will be going behind him to clean up the messy makes because in this case of course tom buchanan's donald trump and he didn't have john door it's anybody around him telling him what was possible what was not possible in that transition you know he was shot out of out of a cannon being elected he never expected to be elected and nobody was telling him you don't call taiwan before you call china you you don't talk to people in the middle east about financing a business deals at the same time you're meeting their leaders for the first time you don't take your daughter the meetings with japanese leaders and etc etc etc in this case you've been around donald trump in new york you've grown up in donald trump's new york i'm.
"shell company" Discussed on 850 WFTL
"There a campaign finance fractured in france or or or violation or breaking the law in in the campaign finance law with one hundred thirty thousand did that come from campaign funds while because okay so you look at the mount that the president was paid for the speaking engagement it's roughly in that area just imagine i mean this this kind of scenario are they thinking that this was a way of because some of the speculation that's coming out is that cohen possibly used again this is all speculation that it's it's all sourced information from various sources that cohen used money you know from his bank account transferred it to shell company and then from there that shell company transferred it to her attorney now if it is my question is where were the taibbi to the campaign did the did the president do the speaking engagement and then reimbursed cohen or put it back into the coffers of the campaign or again you know this is these are all the questions because this is what's being floated out in the media right now in terms of what possible violations it's extremely rare for this to happen for them to go into a practicing attorneys office and and and rate it that's extremely rare so it has to be something extraordinary and my question is a where did it come from and what are they looking for all the ended point is one hundred fifty thousand i said that trump got paid for the money she went to his foundation.
"shell company" Discussed on WTMJ 620
"The information that came out yesterday i still don't know what the possible crime is the the one thing that you and i've always talked about it with stormy daniels is the fact of was there a campaign finance of an infraction or or or violation or breaking the law in in the campaign finance law with one hundred thirty thousand did that come from campaign funds while because okay so you look at the mount that the president was paid for the speaking engagement it's roughly in that area just imagine i mean this this kind of scenario are they thinking that this was a way of because some of the speculation that's coming out is that cohen possibly used again this is all speculation that it's it's all sourced information from various sources that cohen used money you know from his bank account transferred it to a shell company and then from there that shell company transferred it to her attorney now if it is my question is where where would the taibbi to the campaign did the did the president do the speaking engagement and then reimbursed cohen or put it back into the coffers of the campaign or again you know this is these are all the questions because this is what's being floated out in the media right now in terms of what possible violations it's extremely rare for this to happen for them to go into a practicing attorney's office and and raid it that's extremely rare so it has to be something extraordinary and my question is a where did it come from and be what are they looking for on the other point is one hundred fifty thousand i said trump got paid for the money actually went to his foundation.
"shell company" Discussed on Main Engine Cut Off
"Underestimated yeah there it's like a mega corporation is like a different whole term worl but no when you last see one web how thing much i've got they want and to you don't i dunno be if you've involved got an in eighth thoughts globally in this we didn't talk it's about this before but this whole like greg like wyler so starts i to shell seen yes feel like that companies like uber filing some sort to of marvel buying villain the boeings they've invested that is in mega more definitely than constellations one of those weird of that what the hell's because boeing going they on have with wants a this plan to is there give the anything one of their that constellations will my that i and you've thoughts you got you have on to over this on back front it they're up to in an they're ask planning this yourself involves why again is boeing this company this getting injure into with this can like acted in a the bar first world code place where style you've got name it's like and sos they wanna us boeing have is so been vested ms fairly ca steaks tight one lipped oh one and about something multiple like that parts the their of reasons of that been for wiler we having control their entire filed with ecosystem the fcc to am to i build could a mega constellation one of the theories that i think is particularly interesting his that boeing doesn't actually want to field a constellation but they're willing to do the groundwork like the heavy lifting on a regulatory front so that if somebody was like you know this sounds like a good idea like bigoted come in and they would build it in and it would keep their manufacturing engineers busy so maybe rather than it may be they they saw an opportunity through giving a filing to greg wyler that that will give them a slice of the manufacturing for another batches satellites against their aircraft are tribals airbus who is helping one web i it could be a foot in the door that way.
"shell company" Discussed on WCHS
"Company in delaware a shell company in delaware delaware's one of the biggest players in this business people don't realize that the united states is in fact perhaps the leading tax haven in the world driven by a delaware and wyoming and nevada which are big players in this world i mean delaware makes more than a billion dollars a year in fees just from the the business registry which which creates all of these anonymous shell companies so they create the delaware company for this mexican businessmen and the problem though is that he is the the sole shareholder of this delaware company so it doesn't quite provide enough he's the member he's you know you can kind of find that out so if the delaware company buys the house in seattle it could eventually be traced back there and that's that's no good so they also create a panamanian foundation and the panamanian foundation owns the delaware company which will in turn on the house and in that way it's almost impossible to figure out exactly who owns the house because if you go to the candidates foundation the extensible owners of the foundation are in fact most at quantico employees so it it would be impossible to really get to this mexican businessman let alone figure out where his money is coming from which was used to buy the house and this is this is actually a real issue because the property prices are skyrocketing in cities across the land in miami in new york in los angeles and san antonio all over the place and part of that is because foreigners are using anonymous shell companies to buy up property and it's really just the park cash they're not planning to live there it's a safe investment in fact they're not even that concerned that they make money on the investment they just want a safe place to put their money because they're afraid that it's not faith in the country where their prop and oftentimes that's perfectly fine right i mean it's it's legal there's no problem but there's also a huge amount of money laundering going on and corrupt officials in places like china that are taking bribe money and translating it into apartments in new york city and what this does is it drives up the price is for all the other people who live in the cities you know the the.
"shell company" Discussed on WNYC 93.9 FM
"Of the reporters who broke the story of the panama papers the leaked documents that revealed shell companies offshore tax havens held by large corporations and wealthy individuals from around the world including several oligarchy from russia and former sovietbloc countries who entered into business relationships with donald trump has putin taken advantage of this secrecy world well this is a very good question because uh there have been estimates that that putin is one of the richest people in the world uh you know the us government under obama uh you know said that uh bit his his salary was not at all a representation of his wealth um if this is true if he is a multi billionaire as as many people suspect that money has almost certainly been funnelled through the secrecy world through foundations enter companies then turned around and bought properties and shares and other companies um and it's it's one of the sort of most uh uh startling findings from the panama papers was a a network of uh of of offshore companies that was created by a bank bankrupt cya uh which the saint petersburg uh based bank that uh putin has uh has been very close to an end and the us government said was essentially will set of the of the the the majority shareholder that he was the cashier of putin um so this banks set up a network of offshore companies that move billions of dollars around and uh and one of the uh one of the a stent cible owners of a couple of these companies was this a musician name sergei ruled bouillon who happens to be uh one of putin's oldest and closest friends a man who has no business dealings uh that were new had no business dealings really that we knew of certainly has never professed to be involved in business i mean he's a he's a renowned classical cellist john not a businessman as he as he has said but his companies these companies that were set up by this russian bank good tied to putin were doing these very complex involved business dealings with the major car manufacturer in russia and matt media company um they were involved in all of these really interesting activities and it was all hidden in the seek in secrecy world say during this.
"shell company" Discussed on KBOI 670AM
"In the hands of a shell company i don't know what that means and what trump has done recently am immune is since he's been president about seventy percent of all the sales of trump condos have been to shell companies and when you put that go back more her nearly thirty five years when he started trump tower in '83 it was one of the first buildings in new york city i think it was only the second really that was set up in a way that it would receive be able to sell companies to anonymous buyers who could disguise their identities truly sell companies if we want to get to the bottom of this we have to penetrate those shell companies and it requires enormous amounts of granular work trump has a least thirty or thirty five trump towers all over the world there are many thousands i think as many as ten thousand condominium units and the selling that as riina anywhere from one or two million dollars to ten million dollars each and it's a fabulously efficient away to launder vast amounts of money craig these these activities of buying of a of a shell company a buying a condominium is there anything illegal in that how how does it how is it that in a a us attorney would discover illegality and that while he's down there i mean by in through shell companies not illegal all far as i'm concerned it's a trillion dollar lou poll because i mean i live here in downtown new york in tribeca watts these eighty and ninety story buildings go up in which you have fifty milliondollar arguments eighty milliondollar apartments and they're empty and the there they're not as russians there are oligarchs from all over the set a common practice in it's not illegal and and what is the legality part of it the money laundry how how does the us attorney get to that if the money is coming from kazakhstan or or the kremlin will precisely that is the question you have to know the origin of the money in did it come from illicit origins i mean we have the russian mafia involved in this uh they're involved in drugrunning they're involved in prostitution of various of a pumpkin done stocks fraud scams if the money originated from.