Shell companies—companies that have no or nominal business operations or non-cash assets for an extended period of time—can be used for legitimate purposes. However, they can also be used by ...

Explore the purposes of shell corporations, from legal benefits to risks like money laundering, and learn their significant role in global markets.

AKRON, Ohio (WJW) — The Summit County prosecutor on Tuesday announced a shell company set up to funnel FirstEnergy bribe money to Ohio’s former top utilities regulator has pleaded guilty for its role ...

AKRON, Ohio — A shell company charged for its role in the Ohio House Bill 6 scandal has agreed to plead guilty, Summit County Prosecutor Elliot Kolkovich announced Tuesday. The Sustainability Funding ...

WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. Meta buys Singapore startup ...

Market manipulation schemes related to shell companies aren't new, but the industries involved are always shifting. Shell companies -- companies that have no or nominal business operations or non-cash ...