Lawsuits against criminal offshore companies

[Hydrogene75]

Hi guys,

why is it so hard and almost impossible for U.S or European law enforcements to sue criminal organisations hidden behind offshore companies (such as binary option companies) ? Don't they have attorneys residing in offshore countries like Malta, Cyprus or Hong Kong and capable of taking legal actions against the nominees into forcing them to disclose the real criminal's identity ?

 

[John Spectre]

When binary option companies became criminal organisations?

In fact, if it something serious hidden in offshore both US and EU could search and catch them.
If it small fish who scam a bit of people - nobody care, as well in same EU or US.

 

[Hydrogene75]

When binary option companies became criminal organisations?

In fact, if it something serious hidden in offshore both US and EU could search and catch them.
If it small fish who scam a bit of people - nobody care, as well in same EU or US.

I was referring to the unregulated platforms. Some binary option companies stole hundreds and thousands of people getting away with it.

 

[JohnLocke]

You want to report it to the police in both Malta or wherever it is but also go to a local attorney who can take this further. That's most ofen how you will succeed. Anyway, if they already took a run with your money you are pretty much lost.

 

[Hydrogene75]

You want to report it to the police in both Malta or wherever it is but also go to a local attorney who can take this further. That's most ofen how you will succeed. Anyway, if they already took a run with your money you are pretty much lost.

But at least the court in Malta would enforce the offshore nominee(s) to reveal the criminal's name and country of origin making it then easier to sue.

 

[Helkins]

But at least the court in Malta would enforce the offshore nominee(s) to reveal the criminal's name and country of origin making it then easier to sue.

The problem is even if you know the identity of nominees you don't really know who the real owner is. Most companies these days are easily created fully online and KYC procedures as well as identity verification aren't too hard to bypass. If you know your enterprise will be location independent and in grey or dark area with enough wit you could simply create an offshore company in somebody's name and there will be no trace going back to you, connect it with crypto tumbling and you get clean money to spend anywhere in the world you want.

 

[Hydrogene75]

The problem is even if you know the identity of nominees you don't really know who the real owner is. Most companies these days are easily created fully online and KYC procedures as well as identity verification aren't too hard to bypass. If you know your enterprise will be location independent and in grey or dark area with enough wit you could simply create an offshore company in somebody's name and there will be no trace going back to you, connect it with crypto tumbling and you get clean money to spend anywhere in the world you want.

But the nominees do know the real owner. So in case of a court order, the nominees will be legally forced to disclose the real owner's identity .

 

[Helkins]

But the nominees do know the real owner. So in case of a court order, the nominees will be legally forced to disclose the real owner's identity .

Not really. Say you purchase your LLC using some online provider, they offer you paid nominee service, you never meet the nominees or even know who those people are, the provider doesn't do a sufficient KYC procedure and just asks you for cold documents such as scan of your ID and copy of your utility bill and maybe a selfie, you buy the documents online or photoshop them, send them to the provider and pay using some fresh PayPal or any payment option that doesn't disclose your real identity, the provider thinks you're person on the ID received and everything they asked you for confirm it. In the event of lawsuit they'll disclose the information they have which is the fake identity you gave them. If your money has already been tumbled there is no way to trace it either.

 

[CaptK]

In all the offshore countries you have the right to remain silent. The directors of the company don't live in the offshore jurisdictions.

For example you have a German nominee director who has a company in Seychelles, based in HK who has scammed people from UK. That's 4 jurisdictions and 4 sets of law enforcement. The bureaucracy is hard enough.
Plus even if they got to the individual he is just a paid nominee who has no involvement and can prove it.

All you can do is follow the money but if it has been turned into crypto, gold, diamonds or any other commodity it's gone.

If someone is doing such they definitely have an exit plan and can pay whatever it costs to make it clean.

 

[Hydrogene75]

Not really. Say you purchase your LLC using some online provider, they offer you paid nominee service, you never meet the nominees or even know who those people are, the provider doesn't do a sufficient KYC procedure and just asks you for cold documents such as scan of your ID and copy of your utility bill and maybe a selfie, you buy the documents online or photoshop them, send them to the provider and pay using some fresh PayPal or any payment option that doesn't disclose your real identity, the provider thinks you're person on the ID received and everything they asked you for confirm it. In the event of lawsuit they'll disclose the information they have which is the fake identity you gave them. If your money has already been tumbled there is no way to trace it either.

So it's not actually the offshore company that provides you with privacy and anonymity but rather your fake verification documents.

 

[John Spectre]

I was referring to the unregulated platforms. Some binary option companies stole hundreds and thousands of people getting away with it.

Again unregulated platforms doesn't mean any crime if it allowed in country of company incorporation.
Not all such platforms made scams.
What you are asking to do it's a literally catch everyone, just because they could do crime.
Similar as to catch everyone who bought kitchen knife in supermarket, because he could use it and kill somebody.

As the people writes already, problem not in the offshore structures, nominees or other things.
It's a only way HOW people CAN do crime.
All countries in the world have criminals. Criminals will search for loophole in any way, with offshore and nominees or without them.

 

[John Spectre]

So it's not actually the offshore company that provides you with privacy and anonymity but rather your fake verification documents.

Offshore company provide privacy from public access, but for sure for legal action this data will be disclosed.
For normal(not crime) use it's more that enough.

We talk here more deeper here, about crime.
If some criminals plan their dark things, they do EVERYTHING that will hide their real identities with many many ways.
Even with onshore, respectable jurisdictions like a EU or US there are plenty of way to do crime. And such crime done there too.

 

[Helkins]

So it's not actually the offshore company that provides you with privacy and anonymity but rather your fake verification documents.

Offshore companies do provide you with privacy but in a different way. If you do legitimate business but want to save on taxes you create offshore structures that'll make it possible and you own them yourself, could be for a long period of time and they hold your wealth, could be properties, cars, cash or any other investment. Such companies as well as funds give you ability to safely operate your company without risk of all your wealth being taken away by for example stupid divorce lawsuit, they also make it possible to save more on taxes whether if it's for personal saving reasons or wishing to invest more instead of giving it away to the government.

Scams you describe are well planned from day 1 and with an intent to do an exit when the right time comes, such scams can be done both with the use of local respectable company in any country or with an offshore one, taking into account that companies and accounts are harder to obtain in high tax countries criminals usually use offshore especially when it comes to location independent scams like online platforms. If criminals prepare well and know their way around they'll succeed no matter what laws are in place, where is money there is a way.

 

[Hydrogene75]

Thank you all. It helped me better understand how fraudulent schemes work and operate.

 

[2diamondsaday]

“has a company in Seychelles, based in HK”
May you explain me please what did you mean with based in HK? Is the scammer operates in HK, with a company in Seychelles using a German nominee?

 

[tacokai]

Is the scammer operates in HK, with a company in Seychelles using a German nominee?

that could be a possible setup. If you look inside the mentor gold you can find lot's of hints on how to hide your identity 100% - hopefully you won't use these methods to scam other people but it will give you a deeper inside on how such things works.

You may also Google search this forum to find additional information about it.

Enter in Google.com
site:offshorecorptalk.com anonymous offshore company

 

[2diamondsaday]

that could be a possible setup. If you look inside the mentor gold you can find lot's of hints on how to hide your identity 100% - hopefully you won't use these methods to scam other people but it will give you a deeper inside on how such things works.

You may also Google search this forum to find additional information about it.

Enter in Google.com
site:offshorecorptalk.com anonymous offshore company

Thank you for the answer.
But I actually asking what @CaptK meant with based on HK in this case.

About to be anonymous, at what I read about, it is impossible nowadays without any dark documents. Am I right?
And yes, I will try the mentor group afterwards.

 

[CaptK]

The registered addresss for the company is in HK but the company is registered in Seychelles.

 

[2diamondsaday]

May you do this only renting a virtual office in HK? Or need anything else to be based in HK?

A question related is: there is possibility of register a company in Seychelles, German nominee, virtual office in HK, website registered in Sweden and using proxy from Brazil? Is it 5 different jurisdictions?? Or the proxy and website don’t have relevance in this scenario

 

[CaptK]

May you do this only renting a virtual office in HK? Or need anything else to be based in HK?

A question related is: there is possibility of register a company in Seychelles, German nominee, virtual office in HK, website registered in Sweden and using proxy from Brazil? Is it 5 different jurisdictions?? Or the proxy and website don’t have relevance in this scenario

Virtual office