Congress is getting ready to remove the requirement that shell companies register their real owners. This is a gift to Mexican cartels and Russian oligarchs.

https://newrepublic.com/article/211855/republicans-making-world-safe-kleptocrats

523 points · 60 comments · view on lemmy.world

60 Comments

StealthLizardDrop@piefed.social · 99 pts · 55d (11 replies)

In what god forsaken way is this a sensible thing to do?

ironhydroxide@sh.itjust.works · 65 pts · 54d (2 replies)

Well you see, now they themselves can spin up shell companies legally without having to be on the hook personally when said company does reprehensible shit.

Serinus@lemmy.world · 30 pts · 54d (1 reply)

Plus there's demand for Congress to stop making money on insider knowledge. This allows them to hide that so much better.

IzzyJ@lemmy.world · 2 pts · 54d

Public servant was too nice for people to actually understand

These should be our slaves and must be beaten

Throbbing_banjo@lemmy.dbzer0.com · 25 pts · 54d (2 replies)

It makes perfect sense if the president is a money launderer.

kreskin@lemmy.world · 8 pts · 54d (1 reply)

Helps anonymize all bribes too. Like the ones that control all of our politicians. As if our republic wasnt already on fire, this pours more gasoline all over it and sticks knives in everyones back. Happy end of the republic day everyone.

postmateDumbass@lemmy.world · 4 pts · 54d

Congress doing all it can to make itself a free market.

thallamabond@lemmy.world · 14 pts · 54d

There was recently a report from NPR about kushner and his dealings in albania.

She compares her investigation to opening a set of Russian matryoshka dolls, one after another. She's discovered several of the shell companies share the same address in Amsterdam and that each of them is worth a single euro.

They lead to the smallest matryoshka doll, a company named Interroyal BV, established with 18,000 euros in 2004 by a Russian citizen named Nikita Maximovich Vinogradov and a Bulgarian citizen named Zoya Georgieva Gyurova. Cela says each controls 25% of the company, but she says she hasn't been able to track either individual down. Neither has a public profile, but, on paper at least, she says the mysterious pair owns hundreds of millions of dollars' worth of Albanian property

https://www.npr.org/2026/06/16/g-s1-128162/albania-resort-protests-kushner-trump

marxismtomorrow@lemmy.today · 7 pts · 54d (1 reply)

This is just extending the rights the CIA has to private businesses so it's more just leveling the playing field and allowing global Capital to directly do ops instead of needing to use government apparatus to do so.

CIA_chatbot@lemmy.world · 2 pts · 54d

Yea this is some bullshit!

defaultusername@lemmy.dbzer0.com · 4 pts · 54d

Well you see, it benefits the ultra rich and corrupt politicians while causing more harm to the poor and middle class. What is more sensible than that?

nanometer1625@thelemmy.club · 3 pts · 54d

They're not sensible. They're Republicans.

Evrala@lemmy.world · 84 pts · 54d (1 reply)

Huh, right after they limited the number of houses a corporation can own, they make it legal for a corporation to hide how many houses they own.

green_goglin@thelemmy.club · 13 pts · 54d

bingo

nanometer1625@thelemmy.club · 30 pts · 54d (1 reply)

[Donald Trump] announced that his administration would no longer be enforcing the law for U.S. shell companies—and that no one would need to worry about prosecution for breaking the law. A few months later, Trump’s Treasury Department announced that it was destroying all of the filings the registry had compiled thus far, torching the database entirely.

This sounds like a cover-up to me.

DarrinBrunner@lemmy.world · 5 pts · 54d

For all billionaires, not just Trump.

droniecarp@lemmy.zip · 29 pts · 54d

This is fraud and corruption.

HasturInYellow@lemmy.world · 25 pts · 54d (10 replies)

This so obviously xenophobic propaganda. As if we don't have our own homegrown shitheels who will abuse this FAR AND AWAY more than the foreigners. This is direct gift to the AMERICAN oligarchs specifically. That is no better for you, the peasant, but it is not foreigners coming here to ruin shit. We are perfectly capable and willing to do it to ourselves it seems.

TrickDacy@lemmy.world · 3 pts · 54d (6 replies)

This so obviously xenophobic propaganda.

So you're telling me that messaging can affect people. Interesting, I thought people could just opt out by wanting to real hard! /s

HasturInYellow@lemmy.world · -3 pts · 54d (5 replies)

I'm bored of you.

TrickDacy@lemmy.world · 2 pts · 54d (4 replies)

Yes, contradictions found in our worldview can leave us speechless. Have you tried simply not being bored though? You can just opt out.

HasturInYellow@lemmy.world · -4 pts · 54d (3 replies)

You are either truly dumb, or intentionally misrepresenting and misunderstanding my earlier points. I'm not debating a dullard or liar.

dream_weasel@sh.itjust.works · 3 pts · 54d (2 replies)

Wow seems like you're a real supercilious, bitter asshole. Comment history confirms. Nobody needs to read anything else from you: suggest downvote and block.

HasturInYellow@lemmy.world · -1 pts · 54d (1 reply)

You aren't wrong. I am a bitter asshole. The world is dying and there's nothing to be done about it, except get revenge on those who murdered it before we all shortly die.

I'm really uninterested in how people perceived me.

TrickDacy@lemmy.world · 2 pts · 54d

You don't have to be so angry that you claimed to be immune to a specific type of propaganda (what ads are) and then a few hours later claim to be worried about propaganda. Everyone believes contradictory things, perhaps just not this obvious of one.

DarrinBrunner@lemmy.world · 2 pts · 53d (1 reply)

xenophobic propaganda

It has nothing to do with xenophobia. You're right, obviously this will benefit all billionaires, especially those under U.S. jurisdiction. But, the reason for calling out Mexican cartels and Russian oligarchs is to never imply that U.S. billionaires are Bad People. It's the same reason they're the only ones who are ever mentioned in this context, to misdirect public ire.

HasturInYellow@lemmy.world · 2 pts · 53d

You said it right there, "US" billionaires are good foreign billionaires or other shitbags are bad.

rumba@lemmy.zip · 1 pts · 54d

I actually think that was a poorly placed idea to intended to wake up the right and ruffle some feathers. Problem is they themselves will want in on the action

RememberTheApollo_@lemmy.world · 20 pts · 54d

Rich people anywhere. They already have assets five layers deep in shell companies to hide taxes and basically launder money. This just removes yet more ability to engage in oversight.

Eternal192@anarchist.nexus · 18 pts · 54d

Biggest American cartel hard at work.

Formfiller@lemmy.world · 15 pts · 54d (4 replies)

This is the part where the senate and congress make themselves completely obsolete by continuing to legalize corruption. Where have I seen this before?

spicehoarder@lemmy.zip · 6 pts · 54d (1 reply)

Star wars?

Formfiller@lemmy.world · 3 pts · 54d

I was thinking of Rome but your answer isn’t wrong

crispbacon99@lemmy.zip · 2 pts · 54d (1 reply)

Yep, the illusion of this being a legitimate government is laughable and everyone knows it. Might as well make a new governmental system based on Constitutional rights that's adapted to modern issues in the current system

Formfiller@lemmy.world · 2 pts · 54d

We definitely need a constitutional convention at the very least

errer@lemmy.world · 15 pts · 54d (1 reply)

It’s a gift to Donald J. Trump and his crooked ass family

CharlesDarwin@lemmy.world · 2 pts · 54d

I can remember all the both-sidering dumbasses acting like Hunter getting money for paintings was just as bad as anything the Republicans do. Same thing for him trying to trade on Daddy's name.

I'm just so thankful for all the extremely online activists upholding Murc's Law, as well as the reactionary centrists and the armchair leftists doing so much to drive down Democratic enthusiasm and turnout and give us another term of Donvict.

I'm very sure that Kamala and her family would be raking down billions in naked corruption and trying to position themselves to profit from every dollar that moves. Because both sides.

StarryPhoenix97@lemmy.world · 15 pts · 54d (1 reply)

You know what...okay. I'd love to have a shell company. Who wants to start scamming magrats? I only need like 12 people to make sure we get liability protections.

drdalek@lemmy.dbzer0.com · 4 pts · 54d

Count me in

KulunkelBoom@lemmus.org · 13 pts · 54d

And American mobsters. Of which trump is one.

northernlights@lemmy.today · 11 pts · 54d (1 reply)

Lol it's a gift for the US billionaires club.

IzzyJ@lemmy.world · 6 pts · 54d

All of the above

CharlesDarwin@lemmy.world · 11 pts · 54d

LOL, Russia oligarchs.

Who do you think bought Donvict and the Repedolicans?

HootinNHollerin@lemmy.dbzer0.com · 10 pts · 54d

Time for everyone to setup a shell company since companies have more value than humans

MeatPilot@sh.itjust.works · 7 pts · 54d (1 reply)

J.J. Cafaro approves

alekwithak@lemmy.world · 8 pts · 54d

Mf looks like he says 'nyah' unironically.

BarneyPiccolo@lemmy.today · 7 pts · 54d

It's not a gift to them, that's an unintended consequence. It's for Trump and all his corrupt pedophile friends.

homesweethomeMrL@lemmy.world · 7 pts · 54d

Not to worry, I'm sure this will be all over the news.

Yep.

Aaaaannny minute now, the billionaire-owned news corps will . . . . will talk about this in depth.

Mmm hmm.

BarneyPiccolo@lemmy.today · 6 pts · 54d (5 replies)

Not Congress, MAGAs. There better not be a single Democrat that votes for this.

Asafum@lemmy.world · 12 pts · 54d (3 replies)

Incoming "Fetterman was the deciding vote"

Dnb@lemmy.dbzer0.com · 6 pts · 54d

He's not a dem after his brain damage.

vaultdweller013@sh.itjust.works · 4 pts · 54d (1 reply)

I still don't get why the Dems don't just expell his ass from the party, I feel like that's happened before with blatantly shit folks before. Or maybe I'm thinking of Teddy Roosevelts purge of equivalents in the Republicans back in the day.

ayyy@sh.itjust.works · 2 pts · 54d

Because he’s a useful lightning rod for the blame while the rest of them continue to collect their bribe checks.

CharlesDarwin@lemmy.world · 2 pts · 54d

That's a fair point. I'm so very tired of decades worth of the Murc's Law Media usually ascribing things to "Congress" instead of naming the perpetrators - it's almost always the Republicans doing the horrible shit. It's not "Congress".

Treczoks@lemmy.world · 5 pts · 54d

And, of course, tax evaders.

Trilogy3452@lemmy.world · 2 pts · 54d

Extreme Privacy book author must be celebrating

Throbbing_banjo@lemmy.dbzer0.com · 2 pts · 54d

They might as well, they already dismantled the entire system the SEC set up to track them.

RIP CAIS, thanks for the laughs.

Rooskie91@discuss.online · 1 pts · 54d

It's actually a gift to American private equity. It's kind of wild they had to jump straight to stereotypes in the title lol.

fluffykittycat@slrpnk.net · 1 pts · 54d

Given all the financial fuckery and declining civil rights protections, plenty of legitimate people need criminal level Finance protection so I am super happy about this. It gives us equal footing with the big leagues again

bitteroldcoot@piefed.social · 1 pts · 54d

That is such a trumpy thing to do.