Larry Kellogg on the Corporate Transparency Act
Larry Kellogg is featured in South Florida Business & Wealth where he discusses the new federal Corporate Transparency Act, which requires disclosure and reporting of beneficial ownership at millions of businesses.
Larry explained that there is a lot of flight capital coming into South Florida and hidden in LLCs. The crime here is often using the banking system to hide their money, he continued. Larry explained that the CTA will be helpful in Ponzi scheme cases because it will allow victims to look for documentation on the true owner of a company.
