Criminals use shell companies to launder money, evade taxes and perpetuate all manner of fraud. The author defines and dissects shell companies to help CFEs investigate this threat that can hit uncomfortable close to home….

In many instances, one shell company isn’t enough — fraudsters need a network. Dozens of shells, nominee directors, addresses and fake shareholders might be required to conceal a scheme or criminal plot. Big-time criminal conspirators will utilize shell incorporators to do the heavy lifting and help create a corporate web of disguise that can perplex and confuse the best of investigators.

See full article: http://www.fraud-magazine.com/article.aspx?id=4294983054

Shell games: Investigating shell companies and understanding their roles in international fraud