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Crypto hedge fund CEO may not exist; probe finds no record of identity(arstechnica.com)

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Illecors@lemmy.cafeM
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folderol@lemmy.cafe
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Now that is how you run a proper scam.

Take notes, kids!

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DavidGarcia@feddit.nl
14 points

since corporations are legal persons, can a corporation be a CEO?

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Illecors@lemmy.cafeOPM
6 points

CEO? No, I think the officer part requires a human being. But legal entities can own other legal entities. Not sure how deep one can make the rabbit hole go, though.

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mindbleach@sh.itjust.works
1 point

How deep is a circle?

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Overzeetop@sopuli.xyz
3 points

This is why (well, one reason) we need corporate taxes to be gross receipts. Layers of shell companies would still be legal, but every layer re-applies tax to every dollar transferred between entities. Want corporate protections? Pay for every layer.

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Folderol

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From Cambridge Dictionary:

unnecessary actions or words that have little meaning and make something seem more important or complicated than it really is

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