I think they would have to do more than that, or they would default the first year. I think the phony company has to actually operate as a company. It would have to have income and expenses, keep the book, have documented meeting, file taxes and be audited each year. I would guess most are set up as trading companies I doubt they are one-offs for the lawyers. They are likely ongoing revenue. I would guess they get caught when they get tired of the time, effort and expense of maintaining the charade.
Create an account or sign in to comment