Trump and his game of shells

[intrepidity]

Most of us have heard forever about how ubiquitous the use of "LLCs" aka "Shell" companies is within the Trump Org. If Trump is master of anything, it is of the use of this strategy of nesting shells within shells, a veritable matroiyeshka of shells, all for the purpose of hiding things--sources of income, how funds are used, who is involved, etc.

Investigators who have been tasked with looking into Trump financial matters inevitably run into this bramble patch--and have a helluva time trying to unravel it.

The good news is that Congress just passed a veto-proof bill that includes a provision outlawing *anonymous* LLCs--and best of all, it is retroactive, meaning that Trump is going to keep a lot of lawyers gainfully employed (assuming he decides the law applies to him and thus must comply) going through his maze of paperwork and filling in the blanks. Gotcha, Donald!

Want to know the real reason Trump had been threatening to veto this Defense Spending bill? This right here is why. So sad that it passed with a veto-proof majority!

The law requires anyone registering a new company to disclose the name, address and date of birth of the real owners, and an identification number for each owner, such as a driver’s license or passport number. Corporations and LLCs that already existed before the law’s adoption must disclose their ownership information to the Treasury Department within two years.
https://www.washingtonpost.com/us-policy/2020/12/11/anonymous-shell-company-us-ban/