Phoenix68
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Moody's:
Shell Companies Have Millions Of "Red Flags" Including Directors Aged 123 And Older!!
January 22, 2024
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"Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses.Moody's:
Shell Companies Have Millions Of "Red Flags" Including Directors Aged 123 And Older!!
January 22, 2024
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For instance, more than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122, said Richard Graham, a director at Moody’s Analytics, in research published Monday. One listed director — at 942 years old — would have been born in the 11th century.
Findings from its report included a China-based textile and clothing manufacturer that reported over $2 billion revenues in 2019, despite having only one employee. There’s also thousands of examples of directors below the age of five, and 22,000 entities with a registered address at Egypt’s pyramids. Meanwhile, one individual held 5,751 roles at 2,883 different entities."
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