My friend, and now A G, Kathy Jennings, is on the right path here. The motives are twofold: 1. Delaware brings in oodles of money from companies incorporated here, and with other states starting to compere in that area, they want to “clean up their act”. 2. This will reduce crime. All manner of shady characters have long used dummy corporations for all kinds of crimes, probably most widely money laundering, for off shore banking and other scams.
Her office should open up a new tactict to police all such suspicious businesses, but she does not possibly have the manpower to do it. The FEDS need to do more investigations, then we can terminate them as companies.
Excerpts from the Article:
Delaware’s top law enforcement official is asking a court to dissolve a list of local “shell” companies tied to acts like funneling hush money to President Donald Trump’s porn star mistress to propping up the late Zimbabwean dictator Robert Mugabe.
Attorney General Kathy Jennings on Thursday petitioned Delaware’s Chancery Court to dissolve 15 Delaware business entities that have been involved in federal indictments, international sanctions and political controversies that have reached the highest levels of American power.
“Delaware is a global business destination we are very proud of in Delaware, but today, we are helping uphold that brand by shielding it from abuse,” Jennings said Thursday.
Cohen, Trump’s former personal attorney, pleaded guilty in federal court earlier this year to campaign and tax law violations tied to the use of Delaware entity Essential Consultants LLC to pay adult film star Stormy Daniels $130,000. He has said the payment was meant to conceal the president’s adulterous relationship with the woman during his election campaign.
Cohen also told federal authorities he used Delaware entity Resolution Consultants LLC to arrange a payment of $125,000 to a second woman claiming relations with Trump, but did not consummate that payout.
Manafort, the notorious lobbyist, conservative figure and Trump’s former campaign chair, is in federal prison after pleading guilty to various money laundering and fraud charges for concealing millions in personal income received from the Ukrainian government. The crimes involved a scheme he and associate Richard Gates conducted using five businesses formed in Delaware.
Revolutionary Armed Forces of Colombia
Jennings is moving to dissolve two LLCs that federal authorities in Florida accused of laundering money on behalf of a group known as the “Cartel of the Suns,” which included members of the Venezuelan armed forces smuggling cocaine into Mexico and the United States on behalf of the guerrilla Revolutionary Armed Forces of Colombia, FARC.
Two targeted entities are tied to individuals under federal indictment for their involvement in a website known as Goldpharma, which is accused by federal authorities of illegally importing pharmaceuticals into the United States and laundering the money to Argentina.
Masters Internationals Inc. was placed on a federal sanctions list in 2008 for its role in helping the former Zimbabwean prime minister undermine electoral processes.
The entity was controlled by John Bredenkamp, which federal authorities describe as a well-known Mugabe insider that “propped up” the late dictator’s regime using a web of companies. This is the second time the Delaware attorney general has moved to dissolve a limited liability company formed in the state. Earlier this year, four entities tied to Backpage.com were dissolved at the request of state officials.
BACKGROUND: Four companies linked to Backpage.com no longer Delaware LLCs
The website involved in nearly three-quarters of the 10,000 child-trafficking reports received annually by the National Center for Missing and Exploited Children was seized by federal law enforcement in April 2018.
The men responsible for creating and operating the site are under federal indictment.
But before state officials moved to dissolve the entities and through reports of trafficking on the site, Delaware entities behind the website remained listed in “good standing” with the Delaware Department of State – a term that indicates the company had paid its $300 annual franchise tax.
Jennings request to dissolve more bad-acting entities doesn’t mean that state authorities are opening up a new tactic of policing such businesses. Delaware has a reputation as an incorporation center, but it also has a reputation as a haven for shell entities used for embezzlement and other nefarious deeds — a reputation local politicians dispute.
Each of the entities named in Thursday’s court complaints, or the people behind them, have been previously targeted by federal indictments or sanctions before — actions that would have likely stopped whatever nefarious acts the companies were involved in.
When asked whether the dissolution of the companies was mostly symbolic, Jennings would not discuss whether her office believes any of the entities are still active. She emphasized that dissolving the companies “forecloses” any opportunity for them to continue to function.
She added that her office is being “conservative” in going after the companies that have already been flagged by other authorities as having a “criminal purpose.”
“We are convinced the 15 we are going after have at their core nefarious criminal intent,’ she said.