Shell companies -- companies that have no or nominal business operations or non-cash assets for an extended period of time -- can be used for legitimate purposes. However, they can also be used by ...

Industrialist Pawan Ruia was arrested by West Bengal's Cyber Crime Wing for alleged involvement in a significant cryptocurrency-based fraud. The case pertains to multi-crore shell company fraud ...

A broker-dealer and transfer agent ran a shell company fraud scheme, netting SEC penalties and permanent industry bars. Here's how a seemingly simple scheme worked for five years until it didn't. Carl ...

The National Association of Black Accountants has filed a federal lawsuit against an Arizona-based investment company, alleging the “shell corporation” effectuated a phishing attack on the nonprofit ...

Delhi Police have busted a major cyber-fraud syndicate operating through a network of shell companies and mule bank accounts, arresting two key accused involved in siphoning off proceeds from online ...