Under US election laws, foreigners are barred from contributing money as aid to finance political campaigns, including inaugurations. Non-resident foreigners in particular, who are found to have knowingly or unwittingly violated such rule will be fined and/or prosecuted. In Trump’s case, the inaugural committee in charge of handling the presidential inauguration, accepted donations from US registered shell companies that had direct connections to foreign nationalities. In business parlance, a legal entity becomes a shell company if after incorporation and registration it continues to exist only on paper, as it does not engage in any business activity, maintain employees, or set …
Tag: Foreign Contributions to Trump Inaugural Funds
Feed
- Lawsuit Loans, In Fact, Add More Injury To The InjuredThe business in the line of funding plaintiffs rose through the years. Lending companies such as banks and other private investors have set aside money mainly to invest in people’s lawsuits such as the infamous car accident loans. And while the business had been growing and continues to see growth in the coming years, the […]
- Food & Drink Insurance Needs For Your BusinessOperating a business generally related to food and beverages is a fulfilling one. However, it entails challenges and can demand for more efforts to support the business. Time may come that you would be operating for long hours and think of encouraging marketing strategies to sell your products. Doing all these, you may need to […]