Larry Kellogg on New Law That Requires Shell Companies to Name Their Owners
Larry Kellogg is quoted in a Miami Herald article discussing how a new federal law, the Corporate Transparency Act, is putting an end to anonymous shell companies used to launder dirty money through high-priced real estate, automobiles and works of fine art. “I’ve represented defrauded creditors chasing Ponzi schemers who tend to operate out of South Florida. Trying to find their assets can be difficult, especially when they are hiding dark or stolen money in an LLC. This law will make tracing that money much easier,” Kellogg said. Read more.