Thursday, February 25, 2021

shell companies

Pentagon chief says foreign shell companies are infiltrating US defense industry

Without naming China, the Pentagon's acquisitions chief warned Thursday of foreign adversaries using shell companies to buy into struggling small defense firms during the coronavirus pandemic. "We see a lot of shell companies coming in where the beneficial owner ends...

Shell company scams cost U.S $875 million in Defense Department contracts

Between 2010 and 2012, according to the Department of Justice, a US citizen and an Indian resident—acting as contractors for the US Defense Department—took thousands of sensitive files, tried to use them to win business from military manufacturers in...

Latest News

Chicago political operative Roberto Caldero charged in bribery probe

For decades, Roberto Caldero was an influential behind-the-scenes player in politics at all levels in Chicago and Illinois, with...
Enable Notifications    OK No thanks